CPA Study Loans

  • Creator
    Topic
  • #165182
    Pnaq1120
    Member

    Just curious if there were any type of loans avaialble to CPA students for review course fees and exam fees? I see loan programs for students taking the bar but nothing for the CPA.

    Thanks

Viewing 12 replies - 1 through 12 (of 12 total)
  • Author
    Replies
  • #320890
    jeff
    Keymaster

    Do you have a credit card?

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #320891
    Pnaq1120
    Member

    Yes I have a credit card, but I'm looking for something with a lower interest rate like which is offered on typical student loans

    #320892
    MyLifeisCPA
    Member

    I think Becker has some program that they use that will pay for your fees for all 4 study courses up front and you pay a monthly amount. The monthly amount starts effective the next month you take out the loan.

    BEC-Passed
    AUD-Passed
    REG-Passed
    FAR-Passed (I AM DONE!!! THANK U LORD!!!!)
    Licensed Texas CPA - 10/2012

    #320893
    Chantel
    Participant

    Becker does have that, I have a friend that is doing that. I don't know if any others do something similar. But I don't think there is a “CPA loan” of any sorts that I'm aware of.

    AUD - NINJA in Training
    BEC - 75
    FAR - 90
    REG - 87
    AUD - 73 twice, third time's a charm!

    F - F ('12), 90 (Dec '15)
    A - F ('12), 73 (Feb '16), ? (July '16)
    R - 87 (May '16)
    B -

    #320894
    Peanut
    Participant

    I opened up a credit card with 0% interest for 1 year. Once the year is up, I transfer to another 0% interest card. I don't think I've ever paid interest on credit cards.

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #320895
    RedRage00
    Member

    You can buy used Yaeger DVDs/USB on Ebay for a reasonable price. I did that for FAR and BEC and then realized I could just use the test bank and book after I passed REG doing only that. I bought the online test bank for a good price when Jeff had a 48% off sale and you can find cheap Wiley books on half.com. I haven't spent very much at all so far. Thankfully!

    Texas CPA
    Licensed, March 2012

    #320896
    Chantel
    Participant

    @Peanut, you're not worried about how opening up all those credit cards affects your credit score??

    AUD - NINJA in Training
    BEC - 75
    FAR - 90
    REG - 87
    AUD - 73 twice, third time's a charm!

    F - F ('12), 90 (Dec '15)
    A - F ('12), 73 (Feb '16), ? (July '16)
    R - 87 (May '16)
    B -

    #320897
    Anonymous
    Inactive

    @Peanut…I suggest you transfer all your assets and file for bankruptcy….

    #320898
    Peanut
    Participant

    No I'm not worried. I have extremely good credit. I have bank credit cards that my interest is only 7%, I call my bank to lower it and they told me that's the lowest percentage they even offer. The woman on the phone told me how she's shocked I have such great credit for someone young. I only have one credit card that has a balance. I keep the ones with 20K + credit limits open in case of emergency, but have slowly closed some minor ones—slowly so that it doesn't affect my credit. I have no student loans either, so the balance from the CPA exams seem minor to me, compared to most people my age with student loans.

    LOL thanks CPATerminator

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #320899
    jeff
    Keymaster

    Available credit actually boosts your credit score.

    I haven't owned a credit card in 6 or 7 years … still had good credit when I refi'd my house.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #320900
    Anonymous
    Inactive

    Take the Becker course. You may qualify for the loan from becker itself ( depending on the time you have finished your college ) or you have an option to get a loan from sallie mae. Go to their website for details on sallie ma loan or go to sallie mae's website itself…I hope this helps…

    #320901
    Pnaq1120
    Member

    If I were to purchase the Yaeger study materials off of EBAY what features would I be missing out on by not buying directly from Yaeger? I see some listings for the entire course, lectures, books, etc.. but are there any important online features I would not receive other than the hotline to call the teachers?

Viewing 12 replies - 1 through 12 (of 12 total)
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