So - I am seriously considering going back to college. Here is my situation. I am 28 years old, married, and have one child. I am a professional and I make a decent living at this point. I feel strongly that soon the business I have worked for over the past 7 years will go under and leave me unemployed. This is my reasoning behind going back to school. Although myself and my wife have poor credit, I come from a wealthy family where my father can co-sign a private loan through a financial institution. I am almost certain that most financial institutions will approve my fathers co-sign. I am considering going into "pre pharmacy" studies and then onto a PharmD degree. This is a very study intensive program and I would need to spend the next 6 years of my life focusing on school as the priority over a job. Both my wife and myself can commit to working 20-30 hours a week each and bring in about 20k a year through part time work.

So - here is my question. We would need about 40k a year to live considering we have children and responsibilities. Bottom line is - I would need 20k of financial aid a year, to cover cost of living. I would go through strafford loans or any other type of "federal loans" first. So - Can I walk into a financial institution, with my fathers co-sign, and work out a way to recieve 10k per semester of a private student loan?? If I can get 10k of financial aid per semester I think that I can accomplish my dreams of becoming a pharmacist.

Also - I would need this 10k to be considered aid to pay for college tuition, books, living arangements, food, etc. Is this possible? I guess another question I would have is, is 10k per semester asking for too much?

Thanks

hello, yes that is all possible. You can borrow the Stafford loan which once you are in a grad program can give you 22,500 per year. Before that it is less, but you could make up the rest in a private loan. If your father can co-sign for you then you should have no problem whatsoever. As far as what the loan can be used for...most of the private loans today are school certified, meaning the school has to approve it. You would just need to meet with someone at the financial aid office and explain what you need the extra money for. It shouldn't be an issue.