Jun-15-2008
Student loans/grants while in full time work?
Can I get any financial help towards studying a distance learning course that I either don’t have to pay back or can pay back at a later date?I work full time with quite a good wage, I want to finish my AAT accounting qualification but don’t currently work in accounts so my employer won’t fund it. I just can’t afford to pay for the course at the moment due to bills, debt etc. Any help much appreciated.
All you have to do is go to the school that you would be taking classes at and talk to there financial aid department. If your not eligilbe for grants you should be able to get student loans as long as you dont have any loans out in default!
I think it depends on the course you want to take and your LEA. They probably have a list of courses which they will give bursaries for. The surest way to find out is to email or phone the college through which you’ll be doing your course and ask them if there is funding you can apply for.
In order to qualify for a student loan you need to be studying a full-time degree. That’s not to say you can’t have a job as well, but you need to be registered on a full-time course at a registered institution. For example, I worked 30 hrs a week on top of a full-time degree for 2 years. It’s not fun, but it’s possible.
As long as you are taking the course from an accredited school you can most likely qualify for either an unsubsidized or subsudized federal student loan and you don’t pay either back until six months after you graduate.
You must be at least a half time student (usually either 9 hours undergrad or 6 grad, 3 or 2 classes respecively.
Find the classes you want at the school you want and then apply for the loan, the schools financial aid person will help you with the info.
There are income limits for subsidized, but they are VERY high. Generally higher than middle class. I know of people, including myself who qualify and are making $60K, $70K and more.
Grants probably won’t be given to you though, but loans should be no problem.
These are some good online and accredited schools
Regions University
Argosy Univ.
Univ. of Phoenix
Walden University
There are many more. I attend Regions. Below is a link with more info.
regions Fin. aid people are great!, if they offer what you need.
Good luck
You won’t qualify for a student loan as the course you are doing is not an undergraduate degree and you are not in full-time attendance.
You could qualify for a Career Development Loan:
You don’t start repaying the loan until you have finished the course, though I’m not sure how it works with distance learning.
It’s slightly different in Scotland, but i would imagine it’s not too different! Students here only get (half) decent loans, etc. when they are full-time. I was part-time student last year and got £500 loan, which was the maximum amount available. My course was funded though through a fee-waiver scheme as I was on tax Credits.
You should go to your learning provider and ask if there is any assistance available. If you can’t get anything to help then how about taking some time off from studying? It might help you get back on your feet then you could return to it when you are better off.
Or, you could bite the bullet and be really skint til you finish your course then get a good job out of it and pay off all your debts!
Good luck
Well, you should check for scholarships. There are grants and scholarships for single mothers, people in need, etc.
See more:
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