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I'd also take a serious look at how much you are spending on living expenses. A lot of people think that grants and loans are supposed to pay for your cost of living -- but that is ONLY true of independent students. If you are considered a dependent student, you get less in Unsub loans. And even then, it doesn't cover all living expenses, so most people do have to work or get help from parents (if they have any).
I'm going to community college for about a year and a half, which will save me 24 months at a 4-year school -- with a savings of about $20'000. That's a lot of savings! I'm actually able to take some loans (if I need to) and put it towards medical expenses, because I don't use much for living expenses.
Don't give up hope! Most people have to work at least some while in college. And yeah unless you get work study (ask!) then it'll be the bare minimum wage for the job. With Work-Study, it's at least two dollars more per hour and the job will make your schedule so that you can go to school without having to miss class. If you're working the maximum of 19 hours per week, that extra $2/hour comes out to an extra $160 a month! So don't knock it til you try it!
Definitely go after work-study if you can! It really is worth it and it can help you out a lot.
@Nectarine wrote:I'd also take a serious look at how much you are spending on living expenses. A lot of people think that grants and loans are supposed to pay for your cost of living -- but that is ONLY true of independent students. If you are considered a dependent student, you get less in Unsub loans. And even then, it doesn't cover all living expenses, so most people do have to work or get help from parents (if they have any).
I'm going to community college for about a year and a half, which will save me 24 months at a 4-year school -- with a savings of about $20'000. That's a lot of savings! I'm actually able to take some loans (if I need to) and put it towards medical expenses, because I don't use much for living expenses.
Don't give up hope! Most people have to work at least some while in college. And yeah unless you get work study (ask!) then it'll be the bare minimum wage for the job. With Work-Study, it's at least two dollars more per hour and the job will make your schedule so that you can go to school without having to miss class. If you're working the maximum of 19 hours per week, that extra $2/hour comes out to an extra $160 a month! So don't knock it til you try it!
Definitely go after work-study if you can! It really is worth it and it can help you out a lot.
The average campus has lots of part-time student employees, OP should ask around. In our graduate and undergraduate years my wife and I did quite a variety of such, including food service (sometimes after a shift washing pots and pans removing the mixture of grease and soap required two showers, wiping totally dry with a towel in between and using a second towel for the final drying off).
Hi
I just joined Penfed Credit Union, even though I have two other credit union accounts and four bank accounts.
Many are for relationship purposes, but I specifically joined PenFed for the Education loan portfolio.
I am looking at taking a Graduate program part-time that exceeds my employer's reimbursement policy. I wouldn't qualify for Federal assistance, but I plan to get an education line of credit even though I have cash to pay the $30K plus expense.
I figure if somehow I lose my job, I can use a loan to carry me and the expense for a year or more until I find another job. At about 8% interest, its an attractive option for me and certainly better than a credit card with 10 years to repay. (higher than a co-signer Stafford loan)
Anway, anybody can join by meeting the association membership rules.
It provides some options.
Cheers