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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).
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?
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.
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.
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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.