• Can you use refund check money to pay off existing loans?

    Best answer: If you earn less in growth than you pay in carrying charge for two equal amounts of money, it is typically wise to pay off the debt and stop the permanent loss. Even if you meant that you pay 6% on the new funds while paying 7% on the earlier debt, you would gain 1% by paying off the higher-interest debt. This is... show more
    Best answer: If you earn less in growth than you pay in carrying charge for two equal amounts of money, it is typically wise to pay off the debt and stop the permanent loss. Even if you meant that you pay 6% on the new funds while paying 7% on the earlier debt, you would gain 1% by paying off the higher-interest debt. This is a common strategy for people with high credit card debt and the use of a consolidation loan. 18% interest is a hard hit compared to even 8% (which would still be a very high rate in today's market).

    You lose money if you do not pay off that higher-rate loan with money that does not earn more than the loan costs.
    8 answers · 2 days ago
  • How old is too old to go back to school part time for a second bachelor's degree for a better paying and more enjoyable job?

    Best answer: Never. i went back to school whn i 39 years old and got a THIRD bachelor's degree two years later, then i went BACK to graduate school and got a master's degree SIX years later. i was 47 years old.. When i got my master's degree.. THERE IS NO UPPER AGE limit and... show more
    Best answer: Never. i went back to school whn i 39 years old and got a THIRD bachelor's degree two years later, then i went BACK to graduate school and got a master's degree SIX years later. i was 47 years old.. When i got my master's degree..

    THERE IS NO UPPER AGE limit and going to school or going BACK to school.. Getting a SECOND master's degree just does NOT have as high priority as it did in my life as it id 2 years ago..
    There is NO upper age limit ESPECIALLY if your employer is offers TUITION SUPPORT for employees to go back to college..ASK your supervisor if your employer provides tuition support or partial tuition support.
    6 answers · 2 days ago
  • Will I not be able to attend college classes of I haven't renewed my financial aid or owe money($19.00)?

    My mom is being a clown because she was overwhlemed by tje information she had to submit on FAFSA and blamed me for waiting to long to show the forms when she could've did ti on her own. I just took my phone back and said forget about it. But I haven't officially renewed my financial aid from last semester... show more
    My mom is being a clown because she was overwhlemed by tje information she had to submit on FAFSA and blamed me for waiting to long to show the forms when she could've did ti on her own. I just took my phone back and said forget about it. But I haven't officially renewed my financial aid from last semester and owe $19 dollars for one of the classes. Will the tea hers know this and disallow me to be in the class or will I blocked by the school so that the teachers know I don't have finacial aod foe this semester yet. What should do for this week at least?
    5 answers · 2 days ago
  • Private Student Loans?

    HOW DO YOU GET RID OF THEM!? They are such a scam.... someone did not get educated about government loans, prior to private.
    HOW DO YOU GET RID OF THEM!? They are such a scam.... someone did not get educated about government loans, prior to private.
    8 answers · 4 days ago
  • Scholarships for transfer, out-of-state, black female STEM major person?

    Do you know where I can find a scholarship for that?
    Do you know where I can find a scholarship for that?
    5 answers · 4 days ago
  • Im going to university & my dad dont wanna pay for my accomodation, can he even refuse like this, is there some police or somehting for this?

    so hes saying he wants me to live at home cuz he doesnt think im ready to move out and live with strangers. he said i can just commute for now and maybe in a year or two i can go live at the university. like some of my friends have already paid deposists and stuff for their accomodation. and i wanted to pay mine... show more
    so hes saying he wants me to live at home cuz he doesnt think im ready to move out and live with strangers. he said i can just commute for now and maybe in a year or two i can go live at the university. like some of my friends have already paid deposists and stuff for their accomodation. and i wanted to pay mine and i asked him for the money. and he said no wtf. he said he needs to think about it. i cant pay my own deposit. i dont have money
    15 answers · 1 week ago
  • How the hell do students afford housing and food? Read details?

    I’m a cc student. I will receive my associates this summer. I want to transfer to a school out of town. Thankfully my tuition and books would be covered. But housing and meal plans are more expensive than tuition and books themselves. Is it worth to take out loans for the two years I’ll be there? How much is off... show more
    I’m a cc student. I will receive my associates this summer. I want to transfer to a school out of town. Thankfully my tuition and books would be covered. But housing and meal plans are more expensive than tuition and books themselves. Is it worth to take out loans for the two years I’ll be there? How much is off campus housing? Unless I can get a good job I’ll probably have to take out loans after my initial $3000 run out. Should I just go to my local university where I can graduate debt free? I want to move away desperately. I feel stifled at home.
    3 answers · 6 days ago
  • Fafsa help?

    I m trying to fill out my fafsa information but I m running into trouble. Under the financial information category they keep asking for my income tax return but I never did that, nor know what that means. I m not sure if that s a question in regards for my parents or myself. I used to live with my mother last year... show more
    I m trying to fill out my fafsa information but I m running into trouble. Under the financial information category they keep asking for my income tax return but I never did that, nor know what that means. I m not sure if that s a question in regards for my parents or myself. I used to live with my mother last year and she claimed me on her 2016 taxes, which I have the information for, but I just moved in with my grandparents last february due to her going to prison, and my grandparents are in a complete different state, so I don t have any of her personal information if I need that.
    5 answers · 1 week ago
  • Can I get a federal student loan of $1?

    I'm blessed to say that I have been able to make it this far without taking student loans (it's going to happen, but I got another 2 good semesters before I'll have to take out a loan). I'm trying to apply for these scholarships that are only given to people who have ">$0" in student... show more
    I'm blessed to say that I have been able to make it this far without taking student loans (it's going to happen, but I got another 2 good semesters before I'll have to take out a loan). I'm trying to apply for these scholarships that are only given to people who have ">$0" in student loans. So, can I do it? Thanks so much!
    5 answers · 2 weeks ago
  • My parents will not help me pay for college, and I am getting next to no Financial Aid. What do I do?

    I am 17 and a senior in high school. My parents are divorced and I live with my mom who is a business owner- but she usually does not get much from her businesses, except in 2016 when she sold one because she was in debt. She used the money from said business to help pay off her debt, yet on her taxes this still... show more
    I am 17 and a senior in high school. My parents are divorced and I live with my mom who is a business owner- but she usually does not get much from her businesses, except in 2016 when she sold one because she was in debt. She used the money from said business to help pay off her debt, yet on her taxes this still counted as income, so in turn when I filled out FAFSA, nothing. She made too much money. I obviously have a job and already pay for almost everything myself- food, bills/car insurance (through parents), and school things. I live paycheck to paycheck. My parents don’t pay for much for me at all, let alone college. They informed me that they will not be able to help me. Their credit is not good enough for a loan for me. I’m trying to apply for scholarships but I feel that no scholarships that I will be granted will be enough. Is my situation enough to be an Independant? what else can I possibly do?
    10 answers · 2 weeks ago
  • Complicated FASFA?

    This will get confusing. I am 18 and live with my mom. My parents divorced, but my mom is remarried but does not live with my stepdad. I do not live with my dad, but he is also remarried. None of my parents are able to help me financially. I realize I legally have to put down all of their information, but will I be... show more
    This will get confusing. I am 18 and live with my mom. My parents divorced, but my mom is remarried but does not live with my stepdad. I do not live with my dad, but he is also remarried. None of my parents are able to help me financially. I realize I legally have to put down all of their information, but will I be granted less money because I must list 4 incomes, versus if I only had to put down my mom's who is the only person i'm actually living with.
    5 answers · 2 weeks ago
  • Does tax return affect my grant financial aid?

    I want to claim my girlfriends son but I'm worried it may affect my grant because I would get 3k in taxes
    I want to claim my girlfriends son but I'm worried it may affect my grant because I would get 3k in taxes
    5 answers · 2 weeks ago
  • My friend took expensive bank loans for two years before getting FAFSA loans. Can they be refinanced by FAFSA loans?

    Best answer: No. Federal student loans are awarded for a specific year's educational costs, and the amount you can borrow is quite limited. The funds are sent to the school and applied to your charges there, such as tuition and fees. However, if the amount of federal student loans you are awarded for this year is more... show more
    Best answer: No. Federal student loans are awarded for a specific year's educational costs, and the amount you can borrow is quite limited. The funds are sent to the school and applied to your charges there, such as tuition and fees. However, if the amount of federal student loans you are awarded for this year is more than the cost of your school's charges, the difference will be refunded to you. You can then use those funds to pay off your previous loans.
    5 answers · 2 weeks ago
  • Recommendations?

    So, I applied for college yesterday and today I got an email saying I have been accepted. The tuition for the first year is 10,950, supplies are 900 and the books are 800. When I applied for school I applied for a loan at the same time as well. Now, I have never really gotten a loan before, or anything like that... show more
    So, I applied for college yesterday and today I got an email saying I have been accepted. The tuition for the first year is 10,950, supplies are 900 and the books are 800. When I applied for school I applied for a loan at the same time as well. Now, I have never really gotten a loan before, or anything like that other then a credit card so while the loan is going to cover the tuition, i’m still going to have to pay for the supplies and books myself. I rent an apartment as well so I have utility bills, rent, groceries etc to pay on top of all this school stuff. I’ve heard of a student line of credit, but don’t know very much about it. So, What I’m looking for is mainly just recommendations on what would be the best way to pay for these school expenses
    5 answers · 2 weeks ago