My whole world was thrown into a downward spiral today. Not too long ago, I announced on the board that I got accepted into the film production program at Valencia here in Orlando.
I have submitted all of the proper paperwork etc... and spoke with financial aid today...to my surprise, no student loans. Doh! Let me give the background on whats going on.
I first started school back in 1993 at Northern Kentucky University. After my first semester, I made a mistake and I got married to a woman that didnt value education and who thrived to live off the system. To make a long story short, I racked up $27k in student loans and left school with no degree to show for it.
Jobs in my area were hard to come by for those with degrees and even harder for those that didnt. I ended up going into default on my student loans when the guarrantor failed to send me a deferrment application 3 weeks before I was set to go into default. I ended up going into default status.
2 years later (Summer of 2000), I had this agency contact me about consolidating my student loans and getting me out of default status which I did. I got an extra year of not having to make payments and had my credit restored.
I then enrolled in ACCIS to get my Bachelors in Information Systems. Unfortunately, it was a Nationally Accredited school and the school was unable to offer financial aid or deferrments to their students. While spending the last 3 years getting me degree, I had 2 children in the process. I finished my degree in February with honors.
I was interested in going to grad school. I checked several of the grad schools here in Florida and found out that they were regionally accredited and would not recognize my degree and the courseowrk because I came from a nationally accredited institution. I then decided to attend University of Phoenix Online as they were the only regionally accredited grad school that would recognize my Bachelors degree.
Soon after getting accepted, I found out I was still in default status. I spoke with the collector of my loans (which are now up to $80,000 with principal, instrest, and collection fees.) They offered to get me into a loan rehaibiliation program and said that if I made six consecutive payments, that they would restore my financial aid eleigiblity. I thought that was perfect as then I could finally finance film school.
I made 4 straight payments with my fifth payment due later this month. I talked to financial aid today and they told me I am not eligible for student loans from Valencia because I have consolidated on defaulted loans. My heart hit the floor. I told them that I cant receive Pell Grant money because I have a Bachelors degree and now they are telling me that I cant get student loans to get a regionally accredited Associates degree. Talk abotu a catch 22. On top of that, they expect me to pay out of pocket for classes and the additional course fees, plus still make another six payments under the loan rehilbilitation program to restore my credit to good standing. Oh yeah, I forgot to throw in Valencia is refusing to grant me state residency status even though I have lived here since March of 2003. So instead of paying $57 per credit hour, they expect me to pay $214 per credit hour plus additonal course fees.
I dont know why I am writing about this on the board. Perhaps its just a forum to get this off of my chest before I go crazy with depression. Perhaps someone may have some advice or been through this or something similar.
I just feel frustrated and depressed right now. I moved here to Orlando to go to Valencia. I was told I shouldnt have any problems with financial aid etc...as long as I paid my six payments and got a letter of reaffirmation. So now I am stuck in Orlando, no job, 2 kids, and a fiance who is waiitng tables to support us. Film school is all but out of the question unless i get lucky and somehow get residency.
I cant even do any weddings or camera work because my GL2 died. I personally think I have the worst luck of anyone. For once, I feel like I serve absolutely no purpose and the sad thing is, if I dont further my education, how does the government expect me to pay back my school loans?
Sorry for ranting and whining, just needed to get it off my chest.
I have submitted all of the proper paperwork etc... and spoke with financial aid today...to my surprise, no student loans. Doh! Let me give the background on whats going on.
I first started school back in 1993 at Northern Kentucky University. After my first semester, I made a mistake and I got married to a woman that didnt value education and who thrived to live off the system. To make a long story short, I racked up $27k in student loans and left school with no degree to show for it.
Jobs in my area were hard to come by for those with degrees and even harder for those that didnt. I ended up going into default on my student loans when the guarrantor failed to send me a deferrment application 3 weeks before I was set to go into default. I ended up going into default status.
2 years later (Summer of 2000), I had this agency contact me about consolidating my student loans and getting me out of default status which I did. I got an extra year of not having to make payments and had my credit restored.
I then enrolled in ACCIS to get my Bachelors in Information Systems. Unfortunately, it was a Nationally Accredited school and the school was unable to offer financial aid or deferrments to their students. While spending the last 3 years getting me degree, I had 2 children in the process. I finished my degree in February with honors.
I was interested in going to grad school. I checked several of the grad schools here in Florida and found out that they were regionally accredited and would not recognize my degree and the courseowrk because I came from a nationally accredited institution. I then decided to attend University of Phoenix Online as they were the only regionally accredited grad school that would recognize my Bachelors degree.
Soon after getting accepted, I found out I was still in default status. I spoke with the collector of my loans (which are now up to $80,000 with principal, instrest, and collection fees.) They offered to get me into a loan rehaibiliation program and said that if I made six consecutive payments, that they would restore my financial aid eleigiblity. I thought that was perfect as then I could finally finance film school.
I made 4 straight payments with my fifth payment due later this month. I talked to financial aid today and they told me I am not eligible for student loans from Valencia because I have consolidated on defaulted loans. My heart hit the floor. I told them that I cant receive Pell Grant money because I have a Bachelors degree and now they are telling me that I cant get student loans to get a regionally accredited Associates degree. Talk abotu a catch 22. On top of that, they expect me to pay out of pocket for classes and the additional course fees, plus still make another six payments under the loan rehilbilitation program to restore my credit to good standing. Oh yeah, I forgot to throw in Valencia is refusing to grant me state residency status even though I have lived here since March of 2003. So instead of paying $57 per credit hour, they expect me to pay $214 per credit hour plus additonal course fees.
I dont know why I am writing about this on the board. Perhaps its just a forum to get this off of my chest before I go crazy with depression. Perhaps someone may have some advice or been through this or something similar.
I just feel frustrated and depressed right now. I moved here to Orlando to go to Valencia. I was told I shouldnt have any problems with financial aid etc...as long as I paid my six payments and got a letter of reaffirmation. So now I am stuck in Orlando, no job, 2 kids, and a fiance who is waiitng tables to support us. Film school is all but out of the question unless i get lucky and somehow get residency.
I cant even do any weddings or camera work because my GL2 died. I personally think I have the worst luck of anyone. For once, I feel like I serve absolutely no purpose and the sad thing is, if I dont further my education, how does the government expect me to pay back my school loans?
Sorry for ranting and whining, just needed to get it off my chest.