I need your help
Okay. So I need everyone who reads this or cares opinion.
This fall I am starting grad school (yay!). I was worried about how I was going to pay for it but I just got my fin aid statement in the mail a few days ago and I no longer need to worry about cost. The thing is, they offered me up to $18,285 for the 2007-2008 school year. I don't even need a third of that. But now that they offered me so much I will be able to go on some study abroad type trips with school. One of them being to Italy and the other being down south for a tour of the civil war battle fields.
Here is the thing, if I don't accept all of money, I can still go on those trips with the money that I do accept.
Fall tuition cost: $1240
Winter tuition cost: 3240 (this includes tuition and fees for the trips)
Italy Cost: $3000
Battle fields cost: $1100
That is a grand total of: $8580
18,285-8580= $9705
So the problem that I'm having is that if I took all of the $18285 then I could use the left over money to pay off my credit card bill and do some other stuff, like maybe move out or something.
But do I really want to take that much money?? part of me says its a good idea. If I paid off my credit card bill then I would have no debt other than student loans (which can all be consolidated).
So should I take the large amount of money, pay for school and the school related trips and then use what is left over to pay off CC debt, maybe move out or put it away in the bank? Or should I not get in over my head and just take half of the money and pay for school and the trips and call it a day??
I value your opinions and suggestions. Please guide me down the right path.
ANd FYI, my mom told me to take all the money and run. haha.
This fall I am starting grad school (yay!). I was worried about how I was going to pay for it but I just got my fin aid statement in the mail a few days ago and I no longer need to worry about cost. The thing is, they offered me up to $18,285 for the 2007-2008 school year. I don't even need a third of that. But now that they offered me so much I will be able to go on some study abroad type trips with school. One of them being to Italy and the other being down south for a tour of the civil war battle fields.
Here is the thing, if I don't accept all of money, I can still go on those trips with the money that I do accept.
Fall tuition cost: $1240
Winter tuition cost: 3240 (this includes tuition and fees for the trips)
Italy Cost: $3000
Battle fields cost: $1100
That is a grand total of: $8580
18,285-8580= $9705
So the problem that I'm having is that if I took all of the $18285 then I could use the left over money to pay off my credit card bill and do some other stuff, like maybe move out or something.
But do I really want to take that much money?? part of me says its a good idea. If I paid off my credit card bill then I would have no debt other than student loans (which can all be consolidated).
So should I take the large amount of money, pay for school and the school related trips and then use what is left over to pay off CC debt, maybe move out or put it away in the bank? Or should I not get in over my head and just take half of the money and pay for school and the trips and call it a day??
I value your opinions and suggestions. Please guide me down the right path.
ANd FYI, my mom told me to take all the money and run. haha.