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keyshawn · 12-27-2005, 03:13 PM

19, paying $30,000 [includes room and boarding] PER YEAR [!] for tuition at Kalamazoo college [private liberal arts school]. It's funded through a variety of sources:
- About $14,000 of it is being paid from scholarships and grants I earned directly from the college.
- About $6,500 is in government loans [as someone else stated, the gov't has a very low cap, as they don't cover the remaining cost of tuition. But supposively, according to the FAFSA form, my parents, who make $55k/year, should be able to foot $10k/year for my tuition.
- $8,000 is loaned out from citibank. Grrr ! [i'm desperately trying to lower this amount for the coming years.]
The remaining $1500 is paid out by my parents, and they're said they'll pay the interest on the citibank loan while I'm in school. They also gave me some cash [about $250 this first quarter] for books and whatever other expenses.
- I also qualified for a work-study job, since my parents' income wasn't high enough [FAFSA]. I get paid $5.15/hour [min. wage in michigan, meh] to work in the library, about 5-10 hours/week. There's a cap on how much money I earn for the work study job in the entire school year, IIRC, it's about $1600.
I use the money for essentials [books, supplies, some groceries, etc.]; saving for the long-term [hopefully invest it soon]; and for fun and other such goodies.

The whole world of paying for educatio is crazy, to say the least. I decided to go to a small [only 1500 kids] private liberal arts college; since, IMHO, many of the public universities in the near area really didn't interest me, and the experience [in and out of the classroom] is worth the money so far (Rather than, staying @ home or renting an apt. and going to community college for a couple years before hand). I recently watched the PBS documentary - Declining By Degrees, and it does a great job of discussing the issues of higher education in America today. The expenses of college is one key issue discussed there.

Great Topic BOR, and kudos to all the posters so far. At least I'm not alone in the trap of student loans

catcha back on the flipside,
will.

12-27-2005, 03:13 PM	#24 (permalink)
keyshawn Psycho	19, paying $30,000 [includes room and boarding] PER YEAR [!] for tuition at Kalamazoo college [private liberal arts school]. It's funded through a variety of sources: - About $14,000 of it is being paid from scholarships and grants I earned directly from the college. - About $6,500 is in government loans [as someone else stated, the gov't has a very low cap, as they don't cover the remaining cost of tuition. But supposively, according to the FAFSA form, my parents, who make $55k/year, should be able to foot $10k/year for my tuition. - $8,000 is loaned out from citibank. Grrr ! [i'm desperately trying to lower this amount for the coming years.] The remaining $1500 is paid out by my parents, and they're said they'll pay the interest on the citibank loan while I'm in school. They also gave me some cash [about $250 this first quarter] for books and whatever other expenses. - I also qualified for a work-study job, since my parents' income wasn't high enough [FAFSA]. I get paid $5.15/hour [min. wage in michigan, meh] to work in the library, about 5-10 hours/week. There's a cap on how much money I earn for the work study job in the entire school year, IIRC, it's about $1600. I use the money for essentials [books, supplies, some groceries, etc.]; saving for the long-term [hopefully invest it soon]; and for fun and other such goodies. The whole world of paying for educatio is crazy, to say the least. I decided to go to a small [only 1500 kids] private liberal arts college; since, IMHO, many of the public universities in the near area really didn't interest me, and the experience [in and out of the classroom] is worth the money so far (Rather than, staying @ home or renting an apt. and going to community college for a couple years before hand). I recently watched the PBS documentary - Declining By Degrees, and it does a great job of discussing the issues of higher education in America today. The expenses of college is one key issue discussed there. Great Topic BOR, and kudos to all the posters so far. At least I'm not alone in the trap of student loans catcha back on the flipside, will. __________________ currently reading: currently playing :