(Closed) Really need advice….undercover bee

posted 7 years ago in Emotional
  • poll: Which option should we choose?
    Get married this month, get the aid for school, and have trad. wedding in 3 months : (43 votes)
    57 %
    Take out a loan to pay for the wedding : (28 votes)
    37 %
    Other...? Please explain! : (4 votes)
    5 %
  • Post # 3
    Member
    5890 posts
    Bee Keeper
    • Wedding: May 2012

    this may be incredibly ignorant on my part, but how does getting married qualify you for more financial aid?

    Post # 4
    Member
    5118 posts
    Bee Keeper
    • Wedding: November 1999

    I voted to take the loan (as it’d be a small one of 500 or so, right?). If you don’t have any debt at all from school, 500-1K is really a pretty low debt to have.

    But, would it be at all possible to pick up a waitressing gig one or two nights a week? You could easily make the 500 in 3 months, even at a low-tipping location. Some small part-time job like that could generally bring in this amount of money, even if it’s only 1 or 2 nights a week. 11 shifts at just a plain min. wage job should bring in the $500 needed. Hotel desk job at night is a good time to do homework/study but still get paid. I’d explore your options.

    Post # 5
    Member
    14495 posts
    Honey Beekeeper
    • Wedding: June 2011

    Ouch, that sucks.  My mom lost her job the day after my wedding so I can sympathize.  If it were me, I would get legally married now and get the aid.  I don’t see the point into going into debt when you can avoid and it would be beneficial in the long run.

    Post # 6
    Member
    5890 posts
    Bee Keeper
    • Wedding: May 2012

    now, back to your question, i would do Option 3- postpone the wedding until you can save up a little more.  talk to your vendors, explain the situation, and see if they’d be willing to apply your deposits to a new date.  however, with a budget of $500 for the entire wedding, i can’t imagine you have too many vendors, so you may not even need to talk to anyone…just postpone!

    Post # 7
    Member
    105 posts
    Blushing bee
    • Wedding: October 2011

    @NeedOpinion: I’m a graduate student, also doing the whole finishing school and paying for a wedding thing, so I feel your pain. It’s tough.

    You didn’t say whether the financial aid from your school is in the form of grants or loans. Assuming it would be a bit of both, I think that getting married just to get the student aid is a much bigger deal/hassle than just taking out a short-term loan to pay for the wedding. Normally, like most people, I wouldn’t advise taking on debt for a wedding, but you say you have managed to make it through school debt-free, that you are frugal, and that your wedding budget is modest, so the loan would not be so large that you would have trouble paying it off.

    In the long run, you will have only taken on some short-term debt to finance the wedding, while still being able to get married in the way you originally planned. And you have a good reason: you mom losing her job isn’t something you could have planned for.

    Whatever you decide, good luck!

    Post # 8
    Member
    187 posts
    Blushing bee
    • Wedding: September 2011

    A friend of mine ended up having to postpone her wedding. She talked to all her vendors that she had already paid and even though they would not refund her the money, they did allow her to postpone the date a full year and just applied what she had paid towards the new date.

    This may be an option for you. I would talk to your vendors. See if this is an option. That way you dont “lose” any money but you now have a full year to save up and prepare for it without going into debt over it.

    Also, it would probably really relieve your parents since I am sure they are feeling guilty and heartbroken they cant help you now.

    Post # 10
    Member
    7293 posts
    Busy Beekeeper
    • Wedding: October 2011

    I mean most people go to the courthouse a few days or weeks before and get the legal aspect of the marriage licence done anyways, I don’t think it would matter much if you do it now.

    The loan isn’t that much money, so that is reasonable.

    Its up to you and your Fiance !

    Post # 11
    Member
    52 posts
    Worker bee

    @NeedOpinion: I assume that you mean 200,000 instead of 20,000? My parents made over 50k, and I got a lot of financial aid in college. One thing you might want to look into is talking to your college’s financial aid office and notifying them about your mom’s job loss. Sometimes those types of extenuating circumstances can affect your financial aid package.

    Personally, if the loan were only going to be 500 dollars (half of your max budget) and I had no other debt, I would take out a small loan.

    Post # 14
    Member
    365 posts
    Helper bee

    I feel you on the financial aid.  Next year, I turn 25 and we get married, so I am so excited.  I have been filing taxes as an independent for four years, but that doesn’t matter on the FAFSA and I think it should.  Also, my dad passed away four years ago, but I was told because of how much my mom’s net worth is, I don’t qualify for anything.  I feel like I’ve been punished for not having a baby or getting married before I am ready….I mean I understand why single mothers get assistance, but it still feels a bit like that sometimes.

    I think that you could wait the three months and get the loan.  Pay it back as fast as you can.  Sounds like you are very determined, so I am sure you can do this!!

    Post # 15
    Member
    118 posts
    Blushing bee
    • Wedding: April 2012

    I agree with Shiner! You sound like you are very good with your money and are determined! You could pay back the small loan in no time.

    As for school, I’m in the same situation! My parents have 3 of their children in school & me & my brother do not get any grants! Which is really ridiculous! (my sister gets aid because she has a baby, so she doesn’t have to include my parents income). Next March I’m going to turn 24 & I’m getting married in April. lol soo, I guess it’s a win-win?! I will have 1 year left of school by next year, but getting aid for 1 year is better than none.

    Post # 16
    Member
    715 posts
    Busy bee
    • Wedding: October 2011

    I would take out a signature loan for the rest of the amount, not more than what you were already planning, but you could probably get one and the payments wouldn’t be too much on $500

    The topic ‘Really need advice….undercover bee’ is closed to new replies.

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