I am hardly the posterboy for loans-- I took out WAY too many of them-- but you should be aware that they at least exist as an option. As a resource if things get harry. You know?
Yea, sadly things are indeed harry. hairy. gross. I was trying so hard to get through at least my first year loan-free. I've got several years of schooling ahead of me! And if I start taking out loans now, who knows what it'll be like by the time (if) I go to grad school! But, I don't see it continuing this way. My expenses are nearly twice my income at this point. It's out of hand, and sacrificing fancy dinners & pretty gadgets is one thing! But, when it comes down to seriously inconveniencing my boyfriend & sacrificing family holiday--pretty fucking crushing.
When people talk about the burden of servicing student loan debt, they're never talking about loans for CUNY tuition. You'll finish out a fully debt financed CUNY degree owing less than an NYU student does for their first semester.
Well right-- I paid a lot when I was young; stuff like the Pell Grant kicks in when you are...23? Or something? I'm just saying there are options, so don't shoot yourself in the foot trying not take out loans, knameen?
Right, I get that I'll be better off than everyone else. But I still know that 30Kish, or whatever BC will wind up costing me, depending on if I continue part time or attend full time later on, is a decent amount of cash. And whatever heat I can take now, while I am not anxiously looking for a job in my field, and applying to grad schools, seems fair for future me. I mean obviously, from this post, things are getting out of hand. I am going to have to apply for loans soon, likely next semester. But the idea of putting this all off as a reward for graduating seems awful.
It's riskier for present day you to impoverish yourself to such an extreme than it is to burden future you with (in the case of very low interest rate government loans) the choice of payment or deferment of a moderately higher amount of money. If current day you has to defer payment then you don't get to go to school for a semester, if future you defers payment for the same span of time you incur... a moderate interest penalty.
Why did I spell hairy wrong?mordicaiOctober 26 2010, 10:43:00 UTC
Also, hilariously, by the time you get to grad school there will be things like grants to get, as well as very favorable loans. Older students get sweet set ups. Basically my point is-- going into debt isn't THE WORST. Going into debt stupidly, for bad reasons, with bad loans-- THAT is the loans. It is better to dip into your subsidized loan allowance now than to need to dip into your subsidized & your unsubsidized & your credit card LATER. Just pointing out that going into debt isn't wrong in & of itself, just doing is dumb. (Like I did.)
No? Pell only applies to undergrad? I dunno, I more meant "being old." I just remember comparing Antonio's loan schedule & discounts & all that to my loans when I was a wee sprat of 18 or 19 & being like-- "this is weird, he is sitting in gravy!"
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hairy. gross.
I was trying so hard to get through at least my first year loan-free. I've got several years of schooling ahead of me! And if I start taking out loans now, who knows what it'll be like by the time (if) I go to grad school! But, I don't see it continuing this way. My expenses are nearly twice my income at this point. It's out of hand, and sacrificing fancy dinners & pretty gadgets is one thing! But, when it comes down to seriously inconveniencing my boyfriend & sacrificing family holiday--pretty fucking crushing.
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let's just say I'm paying more than that!
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I get that I'll be better off than everyone else. But I still know that 30Kish, or whatever BC will wind up costing me, depending on if I continue part time or attend full time later on, is a decent amount of cash. And whatever heat I can take now, while I am not anxiously looking for a job in my field, and applying to grad schools, seems fair for future me. I mean obviously, from this post, things are getting out of hand. I am going to have to apply for loans soon, likely next semester. But the idea of putting this all off as a reward for graduating seems awful.
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Assistantships are kind of a sweet scam though.
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