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Max Student loan reached?? HELP

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Alexesp2211 View Drop Down

Joined: 30/March/2014
Location: Calgary
Points: 2
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    Posted: 30/March/2014 at 8:41pm
I'm a 3rd year nursing student in ALberta and the government sent me a letter the other day saying I had reached my maximum funding (60K). I'm extremely low income and have been on my own since 18 I've worked so hard in this program and it seems like I've met a roadblock and I can't pass further. I already went to the school advisors this week and told them my situation and they told me to take a year off and work. I already tried that but my faculty won't let me take a leave of absence unless its a family emergency I'll have to drop out of the entire program if I leave for a year to work. Not to mention interest will start on my 60k loan.

I'm not sure what to do I'm already preparing to live out of my car for the summer. I have no money left in savings my tuition is 7.5k a year and I have to pay for living expenses most of my classmates have an amazing support system or live with spouses. I'm just tired of living in poverty and now the government wants to cut me off when I'm 1.5 years from graduating. Honestly, I don't care how much debt I rack up as long as I can get through the next year and a half. My goal is to work up north in underserved communities anyways. Nursing is a passion of mine.

I will admit it was my poor life decisions that led me here. I spent 2.5 years in a degree that I hated and had little to no career prospects. I've found something I love now.

Is there anything I can do? I'm sorry if my words seems jumbled i'm much more coherent but I'm emotional. After working so hard in school it sucks having to go through financial issues. 
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Joined: 25/January/2003
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 31/March/2014 at 5:10am
I think the advice to take a year off given that the nursing faculty won't allow it is bad advice.  Go back to the financial aid office of your program and speak to a different advisor.  Explain that taking a year off is not allowed by your nursing faculty.  Get that in writing and bring it to the financial aid office.  With no student loan funding you should now be eligible for and in high need of any bursaries that you can apply for.

While I don't like to suggest further debt, perhaps visiting a bank to see if you can get a student line of credit might be an option.

It may not be the loan amount but the number of weeks of funding limit that you have reached.  

Hope these suggestions help.  Any one else have any ideas?


Mark O'Meara

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