Jobs

Find job openings and jobs available now.

How to not go completely broke when I go to college?

by tom44 on June 24, 2013

200 Companies Hiring Home Workers Now – Click Here
No Experience Necessary




Question by waiting for melchior gabor 🙂: How to not go completely broke when I go to college?
I’m 16 and my grades aren’t good enough for a regular university so I’m going to community college. The only thing is where I am (Atlanta) we get a grant to basically go to community college for free basically. It’s called the Hope Grant. But I don’t want to stay in Atlanta, I want to live in California, Seattle, Chicago, or Dallas. How can I not go broke when I get to college? How can I not go broke when I transfer (I plan to transfer to UCLA, SUNY Purchase, Colombia College Chicago or University of Texas)?? Thank you!!!

Best answer:

Answer by Richey
You really have to set a limit on what you spend per month/week whatever. Give yourself a limit of say $ 25 a week or something. Its rough since there are so many things you can possibly do.

My freshman year in college, I put myself on a rough budget of about $ 75 a month, that way I still had money to take a spring break trip to college fest in canada. it was epic

Know better? Leave your own answer in the comments!

IdentityCloaker.com
Take back your privacy!

Are you currently Unemployed?
Learn insider tips to landing a Federal Job

How to Land a Top-Paying Federal Job

Learn 4 Tips To Find Entry Level Jobs – Click Here

Share Button

2 thoughts on “How to not go completely broke when I go to college?

  1. AABattery says:

    You can ask your college for Financial Aid. They will determine, by your family financial records, how much money you will receive.

    If you don’t think that is enough, you can take out a student loan, which you have to pay back after college, and you can apply to scholarships.

    Scholarships are just money people are giving away for students who have different qualities or academic status. They can be for the most simplest thing, like being fat or hispanic. You should be able to find a lot of scholarships if you search on the web.

    A good site, but probably not the best, is http://collegeboard.com/ it’s completely free, which these types of sites should be, and you can find scholarships or colleges based on your wants and talents.

  2. spalmer says:

    You stay in-state for college – that’s how you don’t go broke. Out-of-state tuition costs a lot — sometimes $ 20,000 more per year. You can remind yourself that once you finish college, you can move anywhere that you want to (provided that you can get a job there). Georgia has a wonderful scholarship/grant program and you should take advantage of that program. You have to think about life after college. Would you rather be able to rent an apartment, get a car, have money to go on vacations, get a cell phone, have cable television, go out with your friends, etc… or… to you want to end up moving back to Georgia to live with your parents because you’re too far in debt and cannot afford to pay your student loans and rent. This is a problem that’s happening a lot in the US because students are borrowing too much from private loans. If you attend all 4 years of school in Georgia, you may walk away with 10k in student loans (that’s only if your 4-year school after the cc isn’t covered by the Hope grant because I don’t know all of the details). Paying back 10k over 10 years is only $ 105 – 115/month (depending on the interest) and if you paid $ 197/month… you’d pay off your student loan in 5 years. However, if you decide to move to California (just an example)… you’ll pay $ 15,000 more than CA students just to attend UCLA, with an approximate cost-of-attendance at $ 30,000/year. You’re only allowed to borrow $ 6,500/year your sophomore year. That means that you will have to find a way to pay $ 23,500/year — how will you do that? Even if you qualified for the maximum Pell grant, you would still need to pay almost $ 18,000/year. Tuition rises an average of 4% each year, so if you have 3 years left before you would transfer… your estimated cost would then be around $ 33,746/year (and will continue to rise each year). If private student loans are still around… they’ll still require a credit-worthy cosigner. Will your parents be willing to sign their names to 90k in debt? Are they credit-worthy?

    This isn’t meant to scare you, but think hard about the future. If you had to borrow $ 100,000 to finish your education out-of-state (and that’s only if you can find someone to lend the money to you… rules have gotten much stricter), you will be looking at a monthly payment of about $ 1150/month for 10 years. Private loans do not have fixed interest rates, so one month you may pay $ 1,000 and the next month you may pay $ 1400. Now, include the cost of: rent, utilities, insurance, car payments, gas, maintenance, food, clothing, medical expenses, etc… and you can see why many students have found themselves living with their parents again. You have been given an excellent opportunity with the Hope grant — you have the opportunity to graduate without debt — and that is HUGE! Stay in-state and get your degree… you will save so much money and you will be able to truly live an independent life (anywhere you want) once you’re done with college. Loans do not go away. You cannot simply file bankruptcy because you cannot afford them, and the interest will keep accruing even if you can’t pay… this means that your loans keep growing making them even harder to pay. Good luck to you, but stay in Georgia for school.

Powered by Yahoo! Answers

Popups Powered By : XYZScripts.com
SEO Powered by Platinum SEO from Techblissonline