sad day for financial aid :(

csledd · 07-12-2006, 09:40 PM

So this is my last year of college.. the past 3 years I have qualified for financial aid that I did not have to pay back, it paid all my tutition and my books and I got what was left over. I didnt' qualify this year

I didn't even qualify for any money at all

I'm pretty sad. I mean I'm thankful for getting it for 3 years.. but I just cant' believe I didn't get any AT ALL. So now I have to find a way to pay my tutition and books by August 1st... I think the college will let me setup some payment plans with them though, I'm going to double check to be sure. I was pretty worried that I might not get to attend and it's my LAST YEAR. I guess I'm just shocked that I didn't get any money at all. I expected a decrease for sure, but wow. Glad I didn't buy a new rearend for my car yet

3V2000GT · 07-12-2006, 09:46 PM

Thats weird, How could you not get any money at all? Hope they dont do this to me. i still have to pay a buttload of money out of my pocket.

There are a bunch of private student loan places you can get money through, you dont have to pay back until 6 months after graduation.

1 BAD S · 07-12-2006, 09:50 PM

stafford loans FTW

csledd · 07-12-2006, 09:58 PM

well.. its the fafsa aka pell grant that i was getting. i made about 10k more than i did the year before, but my mom made about 8k less.. so it should almost even itself out.. but i dunno what happened. i might check into some loans because I looked into their payment plans and its like 4 payments straight out.. i would be broke the whole time im in college lol

1 BAD S · 07-12-2006, 10:00 PM

Quote:

Originally Posted by csledd

well.. its the fafsa aka pell grant that i was getting. i made about 10k more than i did the year before, but my mom made about 8k less.. so it should almost even itself out.. but i dunno what happened. i might check into some loans because I looked into their payment plans and its like 4 payments straight out.. i would be broke the whole time im in college lol

i dont have to pay back my loans till 6 months after i graduate

csledd · 07-12-2006, 10:04 PM

i was lookin at their site a little.. did you have to pay interest on yours? i'm pretty sure im just going to go this route instead of doing the payments directly to the college.

1 BAD S · 07-12-2006, 10:14 PM

Quote:

Originally Posted by csledd

i was lookin at their site a little.. did you have to pay interest on yours? i'm pretty sure im just going to go this route instead of doing the payments directly to the college.

im not sure exactly how it works. my dad usually handles all that stuff. but i think there is interest, but if your interested in it i can ask him tomorrow exactly how it works

1 BAD S · 07-12-2006, 10:19 PM

i just did some quick reading, and i read that it is 4.7% while your in school. then durring repayment its like 6.1%. but at least you wont have to pay anything while you are in school.

spike_africa · 07-13-2006, 09:36 AM

I lost mine as well because i have a 2.74 gpa after spring i now have a 2.85 and i needed a 2.75gpa to keep it so i am in the process of getting it back now.

Teal_Beast · 07-13-2006, 11:13 AM

suck it up!!!

my college cost > 25k a year after room+board!!

yea im going to be like 50g's in the whole after college. . .

but seriously, bummer about lossing scholorships, i 'd freak out if i lost mine

3V2000GT · 07-13-2006, 02:01 PM

Yep, im already 30,000 in debt for school but i look at it this way, I dont have to pay back anything while in school, I can use the money for anything, and after school the payments are not very hard to keep up with if you have good job (witch is why people go to school) and its not like a car loan where its over 5 years, some private loans are over 10-20 years.

but when it comes down to it, it all worth it whjen you have a degree and a good Job.

csledd · 07-13-2006, 08:19 PM

Quote:

Originally Posted by Teal_Beast

suck it up!!!

you suck it up!!

i think i figured out why I lost my financial aid. i looked over it and thought about what else changed since last year.. andt hen I realized last year my mom didn't claim me on my taxes, this year she did. because she claimed me on my taxes it causes me to OWE the government money when i was gonna be getting a couple hundred back.. I dunno if it's really the reason or not, but oh well.

RedFirevert04GT · 07-13-2006, 09:00 PM

Man I'm glad I got my GI Bill and NCSU is only a couple grand a semester. That really does suck though. Especially as a Senior. Stick it out with the loans, you're just too damn close to let money get in the way now. Good luck.

*venom* · 07-13-2006, 09:19 PM

This is the best investment you can make. My wife has over 100k in school loans.

shad0ws · 07-14-2006, 11:59 AM

I will be joining the world of financial aid VERY soon.

BrentK · 07-14-2006, 12:10 PM

My parents are my financial aid

WaterDR · 07-14-2006, 06:56 PM

Christie:

This is why people should have a qualified CPA do their taxes. I guarentee if you had the right CPA take care of your taxes as well as your mom's this could have been avoided. A good tax accountant will always look at the "total liability" created by taxes and they will take into account situations like financial aide as well as a lot of other issues.

As far as dealing with it now, you have two options. 1 - Either get loans or 2 - wait two years, get yourself off as a dependant from you mom and try again.

Best option is #1. Get college done, PERIOD. Don't waste time. Just get loans or whatever it takes. Debt for college is no big deal. Hopefully you are going to a good school and have a workable major. If so, you will make a lot more money in the long-run then if you do not get your degree.

*4.6 Love* · 07-14-2006, 06:58 PM

Hell i've been going to college for 3 yrs now and there hasn't been a year that i've qualafied for financial aid...

csledd · 07-14-2006, 07:03 PM

our taxes were done by a qualified cpa lol

Fat Lard · 07-14-2006, 07:04 PM

I'm very lucky, College is paid for. Then pilot school afterwards. Done deal.

WaterDR · 07-14-2006, 07:16 PM

Quote:

Originally Posted by csledd

our taxes were done by a qualified cpa lol

Was he/she a CPA or just an H&R Blockhead type person?

Reagardless, he still could have given you the best advice, even if you don't liek the outcome.

04DarkShadowGT · 07-14-2006, 08:08 PM

You should consider yourself lucky to get 3 years of college and everything that goes with that for free that you dont have to pay back.

You are going to be better off than most people who get done with school I guarantee my fiance will switch you school loans.

07-16-2006, 09:33 AM

If anything have your rents re-finance their house and cash out with your school loan.

07-12-2006, 09:40 PM	#1 (permalink)
csledd DSG!!! Join Date: Feb 2005 Location: Paducah, KY Posts: 3,074	sad day for financial aid :( So this is my last year of college.. the past 3 years I have qualified for financial aid that I did not have to pay back, it paid all my tutition and my books and I got what was left over. I didnt' qualify this year I didn't even qualify for any money at all I'm pretty sad. I mean I'm thankful for getting it for 3 years.. but I just cant' believe I didn't get any AT ALL. So now I have to find a way to pay my tutition and books by August 1st... I think the college will let me setup some payment plans with them though, I'm going to double check to be sure. I was pretty worried that I might not get to attend and it's my LAST YEAR. I guess I'm just shocked that I didn't get any money at all. I expected a decrease for sure, but wow. Glad I didn't buy a new rearend for my car yet __________________ CAP DSG Registry 2003 Mustang GT - daily driven check out my cardomain for more info 296 rwhp / 310 rwtq Money spent @ AM: $4623.20 1984 Mustang Hatch - low budget project

07-12-2006, 09:46 PM	#2 (permalink)
3V2000GT 46MONSTER Join Date: Jan 2006 Location: Wheaton, IL Posts: 2,209	Thats weird, How could you not get any money at all? Hope they dont do this to me. i still have to pay a buttload of money out of my pocket. There are a bunch of private student loan places you can get money through, you dont have to pay back until 6 months after graduation. __________________ 2000 GT Black on Tan, TKO 600: 370rwhp 370rwtq NA Built 3v 2004 Honda CBR 600 F4i Black/Red 2000 SVT Lightning Silver i love jinny!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!! lucky is awesome!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

07-12-2006, 09:50 PM	#3 (permalink)
1 BAD S Senior Member Join Date: Oct 2005 Location: San Angelo Texas Posts: 720	stafford loans FTW __________________ http://videos.streetfire.net/video/F...03690207B9.htm (My Exhaust Vid)

07-12-2006, 09:58 PM	#4 (permalink)
csledd DSG!!! Join Date: Feb 2005 Location: Paducah, KY Posts: 3,074	well.. its the fafsa aka pell grant that i was getting. i made about 10k more than i did the year before, but my mom made about 8k less.. so it should almost even itself out.. but i dunno what happened. i might check into some loans because I looked into their payment plans and its like 4 payments straight out.. i would be broke the whole time im in college lol __________________ CAP DSG Registry 2003 Mustang GT - daily driven check out my cardomain for more info 296 rwhp / 310 rwtq Money spent @ AM: $4623.20 1984 Mustang Hatch - low budget project

07-12-2006, 10:04 PM	#6 (permalink)
csledd DSG!!! Join Date: Feb 2005 Location: Paducah, KY Posts: 3,074	i was lookin at their site a little.. did you have to pay interest on yours? i'm pretty sure im just going to go this route instead of doing the payments directly to the college. __________________ CAP DSG Registry 2003 Mustang GT - daily driven check out my cardomain for more info 296 rwhp / 310 rwtq Money spent @ AM: $4623.20 1984 Mustang Hatch - low budget project

07-12-2006, 10:19 PM	#8 (permalink)
1 BAD S Senior Member Join Date: Oct 2005 Location: San Angelo Texas Posts: 720	i just did some quick reading, and i read that it is 4.7% while your in school. then durring repayment its like 6.1%. but at least you wont have to pay anything while you are in school. __________________ http://videos.streetfire.net/video/F...03690207B9.htm (My Exhaust Vid)

07-13-2006, 09:36 AM	#9 (permalink)
spike_africa Administrator Join Date: Sep 2004 Location: Orlando,Florida Posts: 7,209	I lost mine as well because i have a 2.74 gpa after spring i now have a 2.85 and i needed a 2.75gpa to keep it so i am in the process of getting it back now. __________________ Dustin 2002 GT Mustang 5-Speed Drag Radials,Sprayed,Powershifted WOOO HOOOO!

07-13-2006, 11:13 AM	#10 (permalink)
Teal_Beast V6 Power Join Date: Jun 2005 Location: Melbourne, FL Posts: 944	suck it up!!! my college cost > 25k a year after room+board!! yea im going to be like 50g's in the whole after college. . . but seriously, bummer about lossing scholorships, i 'd freak out if i lost mine __________________ '94 v6 Mustang Custom twin turbo kit by Justin @ vmp Split port engine swap from a 2000 v6 mustang 388whp 435wtq Want to go fishing in the Florida Keys? http://www.rustyiv.com/

07-13-2006, 02:01 PM	#11 (permalink)
3V2000GT 46MONSTER Join Date: Jan 2006 Location: Wheaton, IL Posts: 2,209	Yep, im already 30,000 in debt for school but i look at it this way, I dont have to pay back anything while in school, I can use the money for anything, and after school the payments are not very hard to keep up with if you have good job (witch is why people go to school) and its not like a car loan where its over 5 years, some private loans are over 10-20 years. but when it comes down to it, it all worth it whjen you have a degree and a good Job. __________________ 2000 GT Black on Tan, TKO 600: 370rwhp 370rwtq NA Built 3v 2004 Honda CBR 600 F4i Black/Red 2000 SVT Lightning Silver i love jinny!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!! lucky is awesome!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

07-13-2006, 09:00 PM	#13 (permalink)
RedFirevert04GT Senior Member Join Date: Jan 2006 Location: Va Beach, Va Posts: 336	Man I'm glad I got my GI Bill and NCSU is only a couple grand a semester. That really does suck though. Especially as a Senior. Stick it out with the loans, you're just too damn close to let money get in the way now. Good luck. __________________ '04 Red Fire vert. KB 1.7L intercooled 9lb with all the trimmin's & Big Boost kit w/ Switch Chip. Mac catted h-pipe & Mac catback. 411RWHP / 414 RWTQ.

07-13-2006, 09:19 PM	#14 (permalink)
venom Super Moderator Join Date: Sep 2004 Posts: 5,348	This is the best investment you can make. My wife has over 100k in school loans. __________________ http://www.mustangboards.com/mustang...500/ppuser/103

07-14-2006, 11:59 AM	#15 (permalink)
shad0ws vDUB Join Date: Aug 2005 Posts: 1,468	I will be joining the world of financial aid VERY soon. __________________

07-14-2006, 12:10 PM	#16 (permalink)
BrentK Win it or wreck it Join Date: Feb 2005 Location: My Heart is in Ohio Posts: 1,288	My parents are my financial aid __________________ 2003 GT

07-14-2006, 06:56 PM	#17 (permalink)
WaterDR Administrator Join Date: Sep 2004 Posts: 6,370	Christie: This is why people should have a qualified CPA do their taxes. I guarentee if you had the right CPA take care of your taxes as well as your mom's this could have been avoided. A good tax accountant will always look at the "total liability" created by taxes and they will take into account situations like financial aide as well as a lot of other issues. As far as dealing with it now, you have two options. 1 - Either get loans or 2 - wait two years, get yourself off as a dependant from you mom and try again. Best option is #1. Get college done, PERIOD. Don't waste time. Just get loans or whatever it takes. Debt for college is no big deal. Hopefully you are going to a good school and have a workable major. If so, you will make a lot more money in the long-run then if you do not get your degree. __________________ Black 2000 GT Vert: Novi-2000 with Intercooler (375rwhp @ 9 psi); Tune by Kauffmans; Roush 380R Body kit; Steeda Subframes; Steeda Strut Tower Support; Deep Dish Bullets; FRPP 4:10's; SCT 4 Position Chip with four custom tunes; Steeda CAI; C&L Pleum; BBK 75 TB; SLP Loudmouth; SLP Catted X-Pipe; Bullitt Suspension; UPR Conrol Arms; Focus Fuel Pump My Car My Email

07-14-2006, 06:58 PM	#18 (permalink)
4.6 Love Super Moderator Join Date: Sep 2004 Location: Mexico Posts: 6,147	Hell i've been going to college for 3 yrs now and there hasn't been a year that i've qualafied for financial aid... __________________ Go Cowboys! X pipe and flows

07-14-2006, 07:03 PM	#19 (permalink)
csledd DSG!!! Join Date: Feb 2005 Location: Paducah, KY Posts: 3,074	our taxes were done by a qualified cpa lol __________________ CAP DSG Registry 2003 Mustang GT - daily driven check out my cardomain for more info 296 rwhp / 310 rwtq Money spent @ AM: $4623.20 1984 Mustang Hatch - low budget project

07-14-2006, 07:04 PM	#20 (permalink)
Fat Lard Brillant!! Join Date: Apr 2005 Location: Spring, Tx Posts: 797	I'm very lucky, College is paid for. Then pilot school afterwards. Done deal. __________________ Guinness Drinker.

07-14-2006, 08:08 PM	#22 (permalink)
04DarkShadowGT Senior Member Join Date: Sep 2004 Location: Ft Wayne, IN Posts: 1,093	You should consider yourself lucky to get 3 years of college and everything that goes with that for free that you dont have to pay back. You are going to be better off than most people who get done with school I guarantee my fiance will switch you school loans. __________________

07-16-2006, 09:33 AM	#23 (permalink)
SpinMedia Posts: n/a	If anything have your rents re-finance their house and cash out with your school loan.