Can I start school during the NACA program?

Home Forums Purchase Program Can I start school during the NACA program?

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  • Author
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  • #72620
    jkp2020
    Participant

    I’m currently going through the NACA steps while simultaneously trying to enroll in school next year in August. I don’t plan to apply for any student loans, but instead to receive pell grants to pay my way through school. Will starting school interfere with my NACA journey?

    #72625
    Nelsont
    Member

    It shouldn’t if your DTI remains unchanged.

    #72861
    JohnHargrave
    Participant

    i am sure there will be no problems

    #72916
    TTrumble
    Member

    Hello jkp2020,

    The answer to your question will be dependent upon things to which you made no reference. Will you still be working full time or will the grants be relied upon for living expenses?

    The grants will not be an acceptable source of income to qualify, so you will still need to working and able to qualify on your own earned income. Within that context nothing will change regarding your ability to qualify. Provided you are still working and still meeting your obligations, going to school with Pell Grants paying for the educational expenses will not be a factor in your ability to qualify or close on a home.

    Tim Trumble
    Online Operations, NACA

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