Comments on: College Money Matters

By: Rachael

Rachael — Sun, 25 Oct 2009 03:04:09 +0000

I forgot to add – one of the reasons I didn’t get any scholarships or grants is because 1) I was mostly homeschooled and dropped out of highschool to my GED so I could attend college earlier, so I didn’t have all of the help highschool provides in getting scholarships, my grades weren’t outstanding although I was very easily able to start college at 16 (what does that say about the level of education in this country?) and I wasn’t involved in any sports or school activities that might have warranted a scholarship and I’m not a minority, 2) my parents aren’t rich, my mother is a stay at home mom and my dad makes about $50k a year with four children still at home including me, however my parents are very, very responsible financially. They paid for their house completely in cash and have a reasonable retirement fund, because of all of their assets I wasn’t able to get any other funding from the state because, for some stupid reason, they expect all parents to pay for their children’s education. My parents taught me the importance of earning things yourself instead of just having it paid for you, and I was expected to pay for my college education. However, my father did cut some deals for me: while I was in school he paid for my car insurance (I bought my own car) and he paid for my books both semesters on the requirement that I get A’s and B’s in all my classes. My second semester when I didn’t have enough money saved for all the fees, he made me an interest free loan to make up the difference and as a wedding present he only asked that I pay back about half of what I owed him.
Rachael´s last blog ..Money Banks

By: Rachael

Rachael — Sun, 25 Oct 2009 02:24:03 +0000

I realize this is a little late, but you never know who’s going to look. I didn’t (or haven’t yet, I should say) graduate college but managed to get by on very little my first year. Firstly, I continued working through the first year so I did have an income. Instead of all of my other options available, I went to my home town university. Instead of living in the dorms like a lot of my friends and classmates, I lived at my parents house so I had no need to pay for the board or meal plans. Although this required that I have a car, it still beat the extra price of living on campus and I needed the car to get work anyways. I never ate on campus unless I was super hungry, and then I’d only buy a bag of popcorn out of the store. I almost always ate at home, and a lot of the time I spent the night at my sisters, whose apartment was within a 2 mile radius of both my work and school, as opposed to the 8 miles back to my parents house. I very rarely ate out or bought snacks/drinks at places like the gas station. I’m proud to say I completed one year without the aid of grants, scholarships, or student loans, but entirely with a part time, $7/hour job.
Rachael ´s last blog ..Money Banks

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By: Randall

Randall — Thu, 31 Jan 2008 17:56:02 +0000

Nice article, Knowledge is power, but it also comes at a price.

Thanks for the link.

By: A

Tue, 29 Jan 2008 19:24:39 +0000

I did not make it though college debt free (I graduate in May).

There are various reason why I didn’t including going to school out of state (more tuition, car, and lack of state financial aid). My mom was diagnosed with breast cancer 2 days after I left to start college and therefore the support from them I had been “promised” was no longer available. (FAFSA hates me bacuse my dad owns his own company so “on paper” my parents are loaded- not true) Funny how I thought the school would actually care! I went and explained my situation to the financial aid department and they just looked at me like- stinks for you, how about applying for a private loan from one of our 10 approved banks! I have received several scholarships that mainly pay the part of books but hardly make a dent in my $20,000+ out of state tuition bill. I really do believe that Universities are out to make money, the even talk more about the “Business Concerns” or the school than anything academic.

One day, this will all come back to bite these greedy lenders back- hopefully sooner than later!

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