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Originally Posted by RougeUnderoos
If you are putting 90% of your paycheck towards your tuition it can't be all bad. Your summer spending habits must be hurting right now but if you pay off (out of necessity) a big chunk of your tuition before you even get the loan then you should be able to save money in the long run. This summer's sacrifice could mean that your winter semester loan can be a lot smaller.
I went for the max loan every year (8 grand at the time) when I was in school and while I don't regret it (it was a lot of fun), I am not fond of the monthly payments I have to make.
Tomorrow is the first of the month and that means loan-payment day for me. I'll be writing a check to cover a pair of sunglasses I bought and a bender I went on in 1998.
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No,its not all bad.
2.5 paycheques will do, but that still means slowing down on summer spending. Problem is, i wanted to pay with student loans and have saved money to live off. I guess 1 semester paid and live off loans is probably the same but still...
Damn visa bill is crazy