On student loans can you borrow enough to pay your living expense and tuition if you are enrolled full time?

Question

I quit my job and I'm thinking about getting my MBA full time for a year.

Answer 1

It is very possible to get enough money to cover living expenses and all needed expenses. I just graduate college. My student loans covered everything while I was in school (and i did attend full time). I ended up getting a part time job ( 9 hrs. a week ) just for some extra money but bills etc.. were covered.

It depends on your tax information. If you fill out the FAFSA and get an EFC of 0 you are set. If you make a bit of money then you may have to pay some money towards school yourself. You really can't know for sure until you fill out FAFSA.
However even if you are expected to contribute some money there are other steps to take to get more money such as private loans (through bank and maybe sallie mae) and scholarships.

For more information go to your local college/university and go to their financial aid office. Ask to see a financial aid counselor. If you don't live close to a college/university you can call any one's 1-800# and ask to speak to financial aid office.

Answer 2

Theoretically, yes you could get enough student loans and tutition. However, you must first fill out the FASFA with all of your financial information. Once that is completed the government/chosen school will determine your ability to pay for college. You would receive a letter with the maximum amount of money available for YOU to borrow. The letter will also have estimated the amount YOU are expected to contribute. So the amount of loans you can get is determined by the amount of money you make when you fill out the FASFA

Answer 3

It really depends on several factors including:
-financial history
-age
-number of dependents and/or whether you are a dependent
-the school
-what your local government regulations are, among other things

I strongly suggest talking to someone at the university you are planning to go to (in the financial department) and asking them how much money you could get in student loans.