February 20, 2009, Newsletter Issue #108: Getting Around Bad Credit is a Science

Tip of the Week

If you are planning to pursue a career in a health science field and are worried about paying for college, there is a simple solution. Today many schools participate in programs designed to provide financial assistance to students enrolled in these areas.

The Loans for Disadvantaged Students program is offered by the U.S. Department of Health and Human Services. The goal is to provide loans that are non-credit based and have low interest rates to students studying in approved health science fields.

The Primary Care Loan program offers similar loans to those in pursuit of a medical degree focusing on primary care. Many of these loans have stipulations that the borrower must remain in the field of primary care during the repayment period.

The Nursing Student Loan program provides funds to students enrolled at least half-time in an approved nursing program at a participating school.

Each of these options can provide college funding for those with bad credit and come with different terms and conditions. Students can apply for these alternative bad credit student loans through the financial aid offices at their school. Bad credit does not have to stop you from attending the school you have your heart set on.

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