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Finances/tuition advice

oldsakoldsak Registered User regular
edited June 2007 in Help / Advice Forum
So, I'm starting law school nights this fall and will be moving into student housing. I'll still be working during the day and between my income and scholarships, I hope to manage to avoid having to take out loans.

That being said, it appears i'm in a short term financial bind. I have to pay for my fall tuition and housing by July 16th. After my scholarships are applied that should still leaves about $11,456 left to pay. I have about $9500 now I can pay, but that still leaves me just under $2000 short.

Would it be wholly unwise to let that ride on my credit card for a little bit? I make close to $700 a week after taxes so I don't think I'll have too much trouble paying it back in a month or so.

I'm usually a little better at budgeting, but when I originally worked out my finances I was going off a tuition quote which was a little over 1k a year cheaper. I was also hoping to get housing for about 2 - 4k cheaper. Alas, tuition costs rise and I got stuck in the pricier housing (which I really won't mind).

oldsak on

Posts

  • ThanatosThanatos Registered User regular
    edited June 2007
    Were you offered any student loans? Were they subsidized, or unsubsidized, and at what rate were they offered? Do you have a new credit card, at an introductory rate, or an older one, with the usual usurious rate?

    Thanatos on
  • oldsakoldsak Registered User regular
    edited June 2007
    Yeah, the card is older and therefore the usurious rates apply.

    I think I have until tomorrow to file for financial aid, but I think I've found another solution. I was reminded of a mutual fund I have that's not really doing anything, so I think I'm going to liquidate that to make up the difference.

    oldsak on
  • ThanatosThanatos Registered User regular
    edited June 2007
    oldsak wrote: »
    Yeah, the card is older and therefore the usurious rates apply.

    I think I have until tomorrow to file for financial aid, but I think I've found another solution. I was reminded of a mutual fund I have that's not really doing anything, so I think I'm going to liquidate that to make up the difference.
    You should file for financial aid. Living from paycheck to paycheck sucks, and if you pick up a subsidized loan or two, that's basically free money.

    Thanatos on
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