With these credit scores what is possible in the private student loan world?

[Rags847]

Glad I found this awesome site.

I'm going to post more detailed questions when I have more time on Monday.

 

But here is a quickie what's-possible question:

 

I'm in my 30s and REALLY want to return to school and finish my undergraduate degree and then go to graduate school. And I'd like to concentrate on my grades and getting school done (vs working full-time and crawling through school part-time). Perhaps just work full-time in the summer for three or four months for extra $. I'll of course do all the wise things and seek all federal aid, scholarships, etc, I can and do all to establish and up my credit report scores. After that is maxed out, I'm willing to go the private loan route to make the future I want come true.

I'd need about $20-25K total (from all sources) per year to cover the tuition plus all living expenses during the 9 month/yr of school.

My credit score (the big three) is Eq: N/A, Ex: Unrated, TU: 708.

No co-signer.

No major baddies: bankruptcy, credit card debt, etc.

Am I in a good position to achieve all of this?

Re: the private loan aspect, I'd hope for a good interest rate, but I'd be willing to accept a higher one to make all I want come true. I read about the horror stories of people racking up $100K in private loans and then going into some field (social work in one newspaper story) that only pays $40K/yr and being buried in untenable student loan debt. But if I achieved my academic goals I'd be coming out of grad school and into a $100K/yr field. Even if I had huge debt, a half a week salary would cover it.

So, is it all possible or just a pipe dream?

Will the big players like Citibank be willing to play ball with me?

If not, is there always some lender who (perhaps at a high interest rate) is willing to put up the funds?

Or can someone like me get doors slammed from all quarters?

Not sure if my credit scores are good (TU:708) or if I have unestablished credit (Eq: N/A, Ex: Unrated).

 

Basically, just wondering what is possible and realistic and what might not be, at this point.

 

Thanks for any interesting input.

 

Later,

 

Rags