College and Finances

[andy0a]

Hey guys, I just wanted to get your opinions on college and how you guys handled the finances of it. I'm only a freshmen undergrad and I find myself thinking about paying off college and how to not encumber myself in the future as my parent's budget is stretched thin without college.

Thanks.

 

[hawkeye122]

Hey guys, I just wanted to get your opinions on college and how you guys handled the finances of it. I'm only a freshmen undergrad and I find myself thinking about paying off college and how to not encumber myself in the future as my parent's budget is stretched thin without college.

Thanks.

I am too, and I'm honestly considering ROTC. Double major with a Masters isn't cheap

 

[andy0a]

I am too, and I'm honestly considering ROTC. Double major with a Masters isn't cheap

I'm trying my best not to think and worry about things like money and finances for school when I'm still young, but its hard not to. Kinda distracts me from enjoying my college life, but not everyones an upper middle class individual.

 

[Omnis]

Pay off your unsubsidized student loans after you graduate. You'll probably have other debt at a higher interest rate than the measly 3% they charge you. Pay that first, then pay down your loan debt.

Do school at cheaply as possible. It doesn't matter where you go. Stay local, live at home, don't get caught up in car payments or women payments. If you do it right you should be able to pay off your loans easily within the first year.

Do not put yourself into a position to be swallowed up by undergrad debt. Especially if you want to become a professional. Professional school is the real money pit.

 

[andy0a]

Pay off your unsubsidized student loans after you graduate. You'll probably have other debt at a higher interest rate than the measly 3% they charge you. Pay that first, then pay down your loan debt.

Do school at cheaply as possible. It doesn't matter where you go. Stay local, live at home, don't get caught up in car payments or women payments. If you do it right you should be able to pay off your loans easily within the first year.

Do not put yourself into a position to be swallowed up by undergrad debt. Especially if you want to become a professional. Professional school is the real money pit.

You must be a mind reader mate, how did you know I had an unsubsidized student loan, it could have been subsidized . I will try to take this advice and try to enjoy college.

 

[Omnis]

You'll usually have both if you get staffords. The difference is the subsidized ones cap at 3k if I'm not mistaken, and the interest rate is about half, plus uncle sam pays the interest accrued while you're enrolled.

I have a hard time figuring out how kids are drowning in debt from college. Not sure what they expected if they actually went to schools that cost like 40k a year, etc.

 

[andy0a]

You'll usually have both if you get staffords. The difference is the subsidized ones cap at 3k if I'm not mistaken, and the interest rate is about half, plus uncle sam pays the interest accrued while you're enrolled.

I have a hard time figuring out how kids are drowning in debt from college. Not sure what they expected if they actually went to schools that cost like 40k a year, etc.

I'm a bit lucky, commuting to a state funded university so tuition is much cheaper, but with no family contribution I should still be well off from those 100k+ debt graduates.