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Question about financial aid

 
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Tim_Tex
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PostPosted: Sun Jun 22, 2008 4:54 am    Post subject: Question about financial aid Reply with quote

Is it unrealistic to go to school full-time and not expect to go into debt?

(i.e. pay for it entirely in cash, when neither you or your parents are rich)
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JerryHatake
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PostPosted: Sun Jun 22, 2008 7:18 am    Post subject: Reply with quote

Actuallyl I'm paying with my own stock money which I had since I was born in 88 so there plenty there to use for me.
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demeus
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PostPosted: Sun Jun 22, 2008 7:42 am    Post subject: Reply with quote

There are a few things you can do to go to college and not get into quite a bit of debt:

1) Go to an in-state school or even a community college to state university combination. That is the cheapest way to go to college and most businesses do not care so much where the degree is from but what skills you gained while in college.

2) Work as much as you can and cash flow college. True, working 80 - 100 hours/week is hard but it beats trying to pay off a student loan.
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Tim_Tex
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PostPosted: Sun Jun 22, 2008 8:15 am    Post subject: Reply with quote

demeus wrote:
There are a few things you can do to go to college and not get into quite a bit of debt:

1) Go to an in-state school or even a community college to state university combination. That is the cheapest way to go to college and most businesses do not care so much where the degree is from but what skills you gained while in college.

2) Work as much as you can and cash flow college. True, working 80 - 100 hours/week is hard but it beats trying to pay off a student loan.


I am doing #1. I am in my junior year, about to be a senior. Worst case scenario would be that I would be $15,000 in debt when I graduated--considering that many people are about $30,000-40,000 in the hole.
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JerryHatake
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PostPosted: Sun Jun 22, 2008 8:43 am    Post subject: Reply with quote

I pay close 10k for college and I might not be in debt but that is what work for then I guess.
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Orwell
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PostPosted: Sun Jun 22, 2008 1:54 pm    Post subject: Re: Question about financial aid Reply with quote

Tim_Tex wrote:
Is it unrealistic to go to school full-time and not expect to go into debt?

(i.e. pay for it entirely in cash, when neither you or your parents are rich)

If you aren't rich, the only way you could do that is to get loads of scholarships. You could get a campus job, but that doesn't quite cover the costs in most cases.
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PostPosted: Mon Jun 23, 2008 12:08 pm    Post subject: Reply with quote

Tim_Tex wrote:
demeus wrote:
There are a few things you can do to go to college and not get into quite a bit of debt:

1) Go to an in-state school or even a community college to state university combination. That is the cheapest way to go to college and most businesses do not care so much where the degree is from but what skills you gained while in college.

2) Work as much as you can and cash flow college. True, working 80 - 100 hours/week is hard but it beats trying to pay off a student loan.


I am doing #1. I am in my junior year, about to be a senior. Worst case scenario would be that I would be $15,000 in debt when I graduated--considering that many people are about $30,000-40,000 in the hole.


That's not bad. If it's a college loan, you need to make sure you get it paid on schedule after you graduate. If you don't, the interest rates will likely skyrocket and you'll be much worse off.
That means being really pro-active using any college resources you can to make sure you have a job when you graduate.
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