Post # 1
So today I found out that I am ineligible for any more federal student loans as an undergrad because my grad school loans already exceeded my total award for the year. I either have to pay out of pocket or take out private student loans. This makes me very sad. Some of you may recall my post about getting braces. I already have my consultation set up for next Thursday, but I just cannot justify using my savings on braces while taking out a loan to pay my tuition, so my braces money is now going to my tuition instead. I am very saddened by this. It was just this one thing I really wanted to do for myself, and it took me a long time to get to that point. And now, I have to wait until I can save enough money again (and even if I got the money in a few months, I have to wait until after the wedding now because I doubt that they would be off in time.) I know I should consider myself fortunate that I have this money to put towards my tuition and am not scrambling. There is still a teeny voice saying to just take out a student loan because hey I already have student loan debt, what’s a little more, but right now, all my loans are federal fixed interest rate loans. I don’t want to mess that up.
So if anyone has anything cute or fun they want to share, I would love to see it!
Post # 3
Aww….loans are such a downer! Is there any way you could consolidate all your loans when you graduate? I have a friend who did that and he ended up with an even lower rate than he had had on his federal loans.
Post # 4
Are you sure there isn’t anything you can do? They told me I wasn’t eligiable anymore too, but I appealed to the financial aid committee and got mine extended. I can only take the exact classes I need to finish, nothing extra, and I have to maintain a certain grade point. Maybe that is something you can look into?
Hmmm… something cute or fun to share…. Well maybe. Yesterday on my way to take my 2-year-old to daycare, we turned a corner and he goes “whoa mom, whoa!” then we hit a bump and he goes “wwweeee!!!!” haha! Gotta love it 🙂
Post # 5
I’m so sorry. Is there some kind of payment plan with the orthodonist for the braces? I know it means you have to take out a loan either way but they might have less interest or none at all if you make payments on time.
Post # 6
Awww.. I’m sorry about your student loan situation! I can understand your thinking though about not wanting to mess up the fixed interest rate! About braces, I applaud you for wanting to get them, and hopefully you will decide to go ahead & do so in the near future. I don’t see anything wrong with doing that for yourself!
As for a cute or funny thing to share with you.. How about something that is amazing & touching? I saw a video today about Ricochet the surf dog. Google her! Watch the video!
Post # 7
I will probably end up consolidating my loans when I graduate anyway, so yeah, I guess the interest rates wouldn’t matter too much. Just the idea of taking out a loan when I do have the money already seems like not the wisest choice. The woman who set up my appointment with the ortho said that they can set up a down payment and then monthly payments through them, so it wouldn’t really be a loan. The payments would be about $200/mo, which is a lot for us right now. Fiance isn’t working this semester because he is student teaching, so my campus work study and cashiering has to pay all our bills right now. Plus that whole saving for a wedding thing, and we’ll be moving out of state next summer, and that’s not easy. It would have been doable if not for this unexpected tuition. The prospect of owing that much makes me really nervous; I was going to pay for my braces up front.
Rosie — Aw, you son sounds like a cutie.
Queenbee — Wow! That’s pretty amazing.