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need some student loan info

mikejones99mikejones99 Registered User Posts: 19 New Member
What up college conf!! I am trying to get into a PTA Physical Therapy Program, and looking to get a student loan or something similar. I am just not sure if at all I would qualify. I am looking to get some info before hand, just to be prepared. I am not currently working, living at home(temp), and 31. AS Degree, NO KIDS or bills. I don't have good or bad credit, and can possibly get a co-signer as well. The school is $42,000 and I feel the career would reward me enough to pay the loan off with out being too too much of heartache. Any tips or advice you can give me for the loan process would be great. I feel I have a major need for assistance and hopefully I can get some good news THANKS PEACE!!!
Post edited by mikejones99 on
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Replies to: need some student loan info

  • vonlostvonlost Super Moderator Posts: 29,341 Super Moderator
    If you can project paying of the loans in 10 years of employment in your field, I'd say go for it, especially if it is the gating factor for finishing your basic education.
  • thumper1thumper1 Registered User Posts: 71,039 Senior Member
    Is that $42,000 a year in loans you would need? I am a little confused...is this a one year PTA (physical therapy assistant) program, or does PTA stand for something else?

    You won't be able to take out $42,000 in Direct Loans. If this is physical therapy assistant program which is only one year in duration, I don't think you would be considered a college junior...so would get only $9500 ($5500 for first year, plus $4000 additional as you are an independent student). I might be wrong about those amounts.

    The balance would need to be cosigned loans.
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    Thanks for the reply vonlost !! Yes, I feel I would be able pay it back w/o any problems. Unfortunately, I have friends with load of student debt and a not so promising career choice. So making sure my investment is wise, is one of my deciding factors. Thanks any other info is welcome PEACE!!!
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    thumper1 thanks its a 2 year PTA program
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    physical therapy assistant
  • mom2collegekidsmom2collegekids Forum Champion Financial Aid, Forum Champion Alabama Posts: 83,908 Forum Champion
    $84k in loans is too much for that degree. Can't you get it at some kind of in-state public?
  • annoyingdadannoyingdad Registered User Posts: 3,026 Senior Member
    So is the total cost $42000 or $84,000? Do you get a Bachelors degree at the end? If not what piece of paper do you get?
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    2 year program $42,000 total its a medical tech school .
  • annoyingdadannoyingdad Registered User Posts: 3,026 Senior Member
    Is the school listed here as being accredited?

    APTA

    Is this a for-profit school? Most of the schools I see on that website are public community colleges and technical schools. I looked at one in my state and the estimated tuition cost is $10k for 2 years and the summer in between.
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    Junior college route has been taking a while already and very hard to get classes needed to transfer. Not many state or private colleges in my area have this major either, making it a lot harder and competitive to get it. I have heard this program has a high level of graduates and in my area this job is in very high demand. Also certifies me to be a certified PTA,which is required to practice in my state. After much research I feel is the right choice.
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    Yes accredited on that site. Just don't want to be promoting schools because i have researched some of schools and yes some are definitely for profit schools. Poor instructors etc, the reviews show it. This program seems to have good reviews and have heard first hand from former students not associated with the school anymore. THANKS annoyingdad and mom2collegekids for the input PEACE!!!
  • mom2collegekidsmom2collegekids Forum Champion Financial Aid, Forum Champion Alabama Posts: 83,908 Forum Champion
    2 year program $42,000 total its a medical tech school .


    So, the tuition is $21k per year? Will you have living expenses, too? Or will you living for free with parents?
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    Away on my own but with family. I will still work but hopefully i will have some dough saved by the time I sign up good six month give or take. I have some good resources available to me thankfully. THANKS mom2collegekids
  • mikejones99mikejones99 Registered User Posts: 19 New Member
    Also, are the loans hard to qualify for , what about loans that are not required to be paid back ? I guess they will go over this with me at the school. I just don't want to be going off what they tell me either. Like earlier said, they are for profit schools, so I need to watch out for myself as well. LET ME KNOW ALL INFO IS APPRECIATED !!!! PEACE!!!!
  • lerkinlerkin Registered User Posts: 1,445 Senior Member
    what about loans that are not required to be paid back

    Umm... those are not called loans.

    Depending on what your income and the school you might qualify for Pell Grant. Did you fill out FAFSA?
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This discussion has been closed.