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  1. #1
    la vache fantôme phantomcow2's Avatar
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    Paying for school

    How are you financing your education? It seems like I'm going to get into huge debt -- like taking out a mortgage . I worked 30 hours a week while attending a school this year, and so I was able to pay off as I went at UNH. But, I don't want to do this anymore. I want full time campus life for the next three years, now that I've gotten my gen ed's out of the way. I got my acceptance letter to the school of my choice, but I also got the financial aid package letter. This is daunting .

    Sadly, I was not eligible for most scholarships out there...yet
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  2. #2
    J E R S E Y S B E S T Jerseysbest's Avatar
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    Either find a cheaper school if you think this one is too expensive, or take out lots of loans and major in something that'll make you lots of dough and get all A's.
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  3. #3
    la vache fantôme phantomcow2's Avatar
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    Well it is expensive, but.....it's one of the few places I really think I will be happy with. UNH is a fairly traditional school in all aspects, and I really am not enjoying it right now. If I went to UNH, being an in state student, I would pay almost 10,000 dollars less per year. Then it comes down to this: Is it worth that if I wont be happy?
    Hampshire is very unique is almost every regard, and similar alternatives are just as expensive.

    I definitely think merit scholarships, whether offered by the school or by outsiders, is where it's at.
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    Member dudewtfhillary's Avatar
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    Student loans, for the win!

    But actually, I applied for a student loan from Chase, finally got the check in March, and due to the whole Bear Stearns thing, the check bounced. SERIOUSLY. My check from JP Morgan bounced. Might want to think twice about the student loan route, I guess.
    I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me.

  5. #5
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    If you want full-time campus life, it is going to cost you. I worked full-time while completing school. I wasn't happy either but I also didn't want to be in debt up to my ears when I was finished.
    Everyone is different. You have to decide if it's worth it.
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  6. #6
    Senior Member JMT114's Avatar
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    Student loans, financial aid, and I applied for just about every scholarship available to me.

    I am going to school full time with a wife and two kids. At my school we have what amounts to two semesters of students teaching, so I don't have time to work except for Saturdays, but this summer, I will be working 35-40 hours to save some dough.
    My name's Jim, but most people call me...Jim

  7. #7
    la vache fantôme phantomcow2's Avatar
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    well I am working 30 hours a week now and commuting, it sucks. I feel like I miss a lot of the social elements, and I consider that to be part of the college experience. Also, I need flexibility for independent studies and classes with labs. I'm happy that I have my freshman year done, gen eds done, and I have zero debt. I have no regrets about this year.

    bounced?! Holy hell. So how did you work that one out?
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  8. #8
    la vache fantôme phantomcow2's Avatar
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    Quote Originally Posted by JMT114 View Post
    Student loans, financial aid, and I applied for just about every scholarship available to me.

    I am going to school full time with a wife and two kids. At my school we have what amounts to two semesters of students teaching, so I don't have time to work except for Saturdays, but this summer, I will be working 35-40 hours to save some dough.
    Did you manage to accumulate a good sum through scholarships? I am applying to all that I can find, but most have already passed. I didn't know if I would be attending full time on campus until just a few days ago, so I didn't apply.
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  9. #9
    Dude wheres my guads? skinnyone's Avatar
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    Go talk to professors to see if someone has an Research Assistantship open. Its a long shot for a undergrad but hey you are pretty enterprising, someone might be impressed. You can atleast swing a job that @ 20 hrs a will will pay much more than any on campus jobs. Some of these interdisciplinary stuff is pretty good too as they need someone who will deliver and not theorize. Before I got my RA, as a grad student I made close to 1000 bucks a month working 20hrs a week. That sure helps with living and such.

  10. #10
    The Rock Cycle eofelis's Avatar
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    I go to a very cheap school, <$2000/semester for 12 credits. It's a small 4 year state college, 6000 students. I'm not sure if it's a better or worse education than a university, but I'm happy with my experience there.

    I'm a non-trad, single, very low income, high GPA student.

    I have gotten the maximum Pell Grants (federal) every year of school.

    I just got notified of my financial aid package for next fall/spring, which will be my last year of school:
    Pell grant $4731 (2300/semester)
    State grant $1500 (750/sem)
    Scholarship $500 (250/sem)
    Total $6731

    So I will get tuition paid and a grand or so for my pocket each semester.

    I have done much better than this in the past when I got bigger scholarships. One semester I picked up a $4700 check after tuition.

    I don't have to pay any of this money back and it's not taxed (according to CPA I asked).

    Get to know the folks in the financial aid dept. They can help you, and maybe find you scholarships. The director of the fin aid dept knows me by name and always speaks to me.

    Find out which prof in your department is on the scholarship committee for that department and let them know who you are and that you need money for school. My advisor is on that committee, he has gotten many excellent scholarships for me.

    Don't give up, you have to keep after it, getting money for school.

    My efforts have paid off well. I'll graduate debt free.
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  11. #11
    la vache fantôme phantomcow2's Avatar
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    Hmm....I guess it's a lot about WHO YOU KNOW. These are some great comments, thank you all!
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    if you'll make at least $40,000 a year when you get out go ahead and get this education doing something you really love. you can live off $20,000 a year if you have to and pay the other $20,000 to your education debt. that's my plan if i can find the right job. if the school is good and you're good at what you do then go for it. you've really got nothing to lose but opportunity.


    and working during school is pointless. $6 an hour ain't gonna pay for ****.

  13. #13
    Senior Member ronjon10's Avatar
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    Quote Originally Posted by goldfishin View Post
    and working during school is pointless. $6 an hour ain't gonna pay for ****.
    That's not entirely true. If you can handle being a waiter, you can work one or two nights a week and finance all your spending money for that week, and still get off on work nights in time to make it to the bar. That helps with the expenses quite a bit. It also won't interfere with studying. But it is true, it's not going to pay for room or tuition. I'll second the loans on that.
    just being

  14. #14
    Senior Citizen lyeinyoureye's Avatar
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    Financial aid carried me all the way FTW!

  15. #15
    la vache fantôme phantomcow2's Avatar
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    Well for whatever it's worth, this school pays 8.00/hour for work study. My hopes are that my work study will be something easy and sedentary so I can do my homework.
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  16. #16
    J E R S E Y S B E S T Jerseysbest's Avatar
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    Quote Originally Posted by goldfishin View Post
    and working during school is pointless. $6 an hour ain't gonna pay for ****.
    I kinda agree with that, you'll pay more in loans and interest, but low wage work blows while going to school. Work full time during the summer and part time here and there during the year

    Might as well just enjoy the last few years of non-work living you'll have till retirement, study hard, and make some friends.
    Quote Originally Posted by SingingSabre View Post
    Cheating: a symptom of the problem.

  17. #17
    Banned. timmyquest's Avatar
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    Quote Originally Posted by dudewtfhillary View Post
    Student loans, for the win!

    But actually, I applied for a student loan from Chase, finally got the check in March, and due to the whole Bear Stearns thing, the check bounced. SERIOUSLY. My check from JP Morgan bounced. Might want to think twice about the student loan route, I guess.
    YGPM...

  18. #18
    Support JDRF b_young's Avatar
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    You can spend years trying to pay off your school loans so be careful. I completed my engineering degree without a loan, but my wife had nothing but loans. She is now a "Stay at home mom" and it took us about 10 years to pay her loans off. I worked in the hay fields all summer and made enough for school with it and the GI bill.

    You may try working a semester to pay for the next.

    The Air National Guards paid for a lot of my school through the GI bill. You will delay your grad date because of basic. But you get the GI bill plus your weekend wages.
    "Yesterday is history, tomorrow is a mystery, but today is a gift that is why it is called the present." - Kung Fu Panda

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  19. #19
    ReMember trsidn's Avatar
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    I made it through on student loans.

    I did 6 years in the Navy, the "real" GI bill had been abolished, and the "consolation" GI Bill that I had ran out after one year. It still wasn't very much.

    I was already 9 years behind (worked for 3 years after), so I wasn't gonna go alternate semesters, and you can't really do engineering part time.

    So I bit the bullet, and borrowed. I am still paying it off. But I still think it was worth it.
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    Pretty much, you have three ways of going through college:

    1: ROTC.
    2: Be lucky enough to find a job that works around college hours. A lot of employers don't like people taking day classes, because they know the person will be leaving them, or demanding a raise, so will fire you if they find out.
    3: Loans, loans, and more loans. With the cost of tuition, Stafford loans will cover you for 1-2 years, but then you have to hit private loans, which either require a co-signer, or will charge you an insane interest rate such as 11% or something.

    I would consider either the loan or ROTC route. Jobs are becoming harder and harder to find as the economy is starting to collapse, and its a lot better to have a degree + debt that you can get a forbarance on, as opposed to no degree.

  21. #21
    GATC
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    I'm thinking the OP's school-of-choice is one of the higher dollar options out there. I was under the impression that a lot of those, esp. the classic NE liberal arts types, have a flexibility in 'institutional grants' (just what is the tuition figure they wind up charging you), that not so many people pay the sticker price. That still might not help w/ housing. But yeah, max out the student loans if you haven't already.

  22. #22
    Banned. timmyquest's Avatar
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    Quote Originally Posted by mlts22 View Post
    3: Loans, loans, and more loans. With the cost of tuition, Stafford loans will cover you for 1-2 years, but then you have to hit private loans, which either require a co-signer, or will charge you an insane interest rate such as 11% or something.
    I don't have a cosigner, i pay 8.5%, i expect to reconsolidated at a lower rate.

  23. #23
    Member dudewtfhillary's Avatar
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    Quote Originally Posted by phantomcow2 View Post
    bounced?! Holy hell. So how did you work that one out?
    Well, the check went through and I paid my tuition then my bank sent the check back because Chase didn't have the money to cover it. I was $1200 in the red in my account two weeks ago, and Chase told me I'd have a check in my mailbox at least a week ago.

    If you go the student loan route, pick another bank...

    But so far, my bank has only charged me a $3 returned check fee (it's a small local bank, my family has had accounts there for years, they understand the situation, I guess?) and Chase said they'd cover the fee.
    I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me.

  24. #24
    la vache fantôme phantomcow2's Avatar
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    Indeed, Hampshire is an expensive option, but not any more expensive than most other private schools I've looked at.

    According to their financial aid office, I have a 4500 strafford loan maximum. Next year, as a junior, I'll have a 5500 limit. Looks like I am stuck with private loans . I do have around 10,000 in a college savings account (529). On the one hand, it seems like it would be best to save that for my senior year, as this will allow more time for interest to accumulate. On the other hand, the more I borrow NOW, the more I pay on interest. I think that I will pay on interest while in school, and then pay the principle when out of school. So, perhaps the extra interest that I would be paying will exceed the amount of interest I am paid by my 529. In which case...I'm all in.
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    are your parents contributing at all? i'm guessing the figures you mention include federal loans/grants sholarchips are a hit/miss boat- there's always someone who is more qualified/more need/better student/whatever than you

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