They're cutting me off

[sharan]

Well, I found out to my surprise (no one e-mailed or wrote me about it) that the USC Financial Aid Office hasn't done my financial aid because they wanted me to fill out another Satisfactory Academic Progress Appeal (you have to do one to drop below 16 credits a semester, and I already did that a couple of years ago). So I called today and spoke to them and he said basically the federal government are cutting me off. They think 3 years should be enough to finish a 2nd bachelors (yeah, I'd like to see them try it:P) and even if I do that form they probably won't be able to give me anything. So it's probably not even worth it. Considering the measly amount of money I was getting in Perkins loans it was barely a drop in the bucket anyway. I won't even bother applying for financial aid next year.

I even talked to him about the masters and he said all I'd be eligible for is loans for that, so I guess I'll be going back to work full time and taking classes part time then. At least then I have some chance of paying for it myself (or if my roommate's company is doing well enough he plans on offering tuition reimbursement).

I guess I'm supporting my Education Habit myself from now on.

Comments

[riffraff814.livejournal.com]

Sorry to hear. I acquired quite a bit of debt in pursuit of my masters. Luckily, interest rates were at historic lows, so the majority of my debt is locked in at like 2.7% or something insane like that.

Good luck feeding the habit...

[sharan.livejournal.com]

Thanks! Yeah, it does add up! I already started with over $50,000 in loans from 2 masters programs before I even started here! I consolidated them last year (I couldn't get any more Stafford loans anyway, since I hit the undergraduate limit, only private loans) so I got the nice low rates too, although I'm still getting contacted by way too many companies wanting me to consolidate again.

At least as long as I'm in school at least half time I can keep the loans deferred, and not have to worry about paying them back!