student loans for leisurely usage

This is a discussion on student loans for leisurely usage within the A Brief History of Cprogramming.com forums, part of the Community Boards category; I was just talking to one of the advisors for the PLUS! loan ( http://www.financialaid.com ), and he told me ...

  1. #1
    CIS and business major
    Join Date
    Aug 2002
    Posts
    194

    student loans for leisurely usage

    I was just talking to one of the advisors for the PLUS! loan (http://www.financialaid.com), and he told me that you're allowed to take out money for "leisurlely usage," i.e. you can add expenses to your loans for things like clothes, laundary, travel, etc. (not leisurely, but things in the budget that you really need).

    Anyways, since school is pretty much a full-time job, (I'm balancing full time school with 30 hours of work a week and I don't have much money to spare), and I would like to know if anyone here has taken out loans where they're allowed to count such expenses(as mentioned above).

    Please tell me your experiences with the plus loan or other loans.

    Thanks.

  2. #2
    Senior Member joshdick's Avatar
    Join Date
    Nov 2002
    Location
    Phildelphia, PA
    Posts
    1,146
    The PLUS loan and private loans will allow you to add money to your loan for books and such. The catch there is that you need to be approved for those, and you need to pay them back. It may seem like free money now, but you'll have to buy for it later--with unsubsidized interest.
    FAQ

    "The computer programmer is a creator of universes for which he alone is responsible. Universes of virtually unlimited complexity can be created in the form of computer programs." -- Joseph Weizenbaum.

    "If you cannot grok the overall structure of a program while taking a shower, you are not ready to code it." -- Richard Pattis.

  3. #3
    CIS and business major
    Join Date
    Aug 2002
    Posts
    194
    Originally posted by joshdick
    The PLUS loan and private loans will allow you to add money to your loan for books and such. The catch there is that you need to be approved for those, and you need to pay them back. It may seem like free money now, but you'll have to buy for it later--with unsubsidized interest.
    Cool, thanks

    I have no problem paying them back later, I don't plan on taking out too much. But the money I make per month working 30 hours a week just doesn't cut it while I'm still in school full time.
    Last edited by Terrance; 10-01-2003 at 05:24 PM.

  4. #4
    CIS and business major
    Join Date
    Aug 2002
    Posts
    194
    just curious,

    what are some other good private loans?

    Thanks,
    Terrance

  5. #5
    mov.w #$1337,D0 Jeremy G's Avatar
    Join Date
    Nov 2001
    Posts
    704
    I get $2000 grant money per semester. After books and tuition, I generally have $1100 that i do what i want with.
    c++->visualc++->directx->opengl->c++;
    (it should be realized my posts are all in a light hearted manner. And should not be taken offense to.)

  6. #6
    Registered User axon's Avatar
    Join Date
    Feb 2003
    Posts
    2,572
    Originally posted by dbgt goten
    I get $2000 grant money per semester. After books and tuition, I generally have $1100 that i do what i want with.
    You pay only $900 a semester?! books included?! damn, that is nice. If I bought my books at school this term I would spend close to $600 plus tuition, which isn't much as it is a state school, but my bill with books comes to around $4500 a semester...thank goodness for scholarships.

    some entropy with that sink? entropysink.com

    there are two cardinal sins from which all others spring: Impatience and Laziness. - franz kafka

  7. #7
    mov.w #$1337,D0 Jeremy G's Avatar
    Join Date
    Nov 2001
    Posts
    704
    Im at a community college taking a lot of my core-requiset classes. Everything is much cheaper here. Students who transfer from community college to university spend a considerably Less chunk of money for degrees then most who go strait to universities. It's an excellent tactic for getting an education.
    c++->visualc++->directx->opengl->c++;
    (it should be realized my posts are all in a light hearted manner. And should not be taken offense to.)

  8. #8
    Registered User axon's Avatar
    Join Date
    Feb 2003
    Posts
    2,572
    Originally posted by dbgt goten
    Im at a community college taking a lot of my core-requiset classes. Everything is much cheaper here. Students who transfer from community college to university spend a considerably Less chunk of money for degrees then most who go strait to universities. It's an excellent tactic for getting an education.
    I agree to a point thought...a lot of people I know, who finished two years at a community college, and then transferred to a 4 year university went through "study shock". They say that the community college was a lot like high school, and to be thrown right into junior standing classes in a university is a huge transition. A lot of them got thrown out their first year. But I guess if you sttudy ethic is strong enough it shouldn't make a difference.

    edit::Over this summer I took two classes in my community college: Calculus 3, and geography...both of these were a joke compared to any of my UofI, both normal term and summer.
    Last edited by axon; 10-02-2003 at 01:47 PM.

    some entropy with that sink? entropysink.com

    there are two cardinal sins from which all others spring: Impatience and Laziness. - franz kafka

Popular pages Recent additions subscribe to a feed

Similar Threads

  1. Updating in a sequential file?
    By Ronnyv1 in forum C Programming
    Replies: 1
    Last Post: 03-24-2009, 04:41 PM
  2. Do all students get student loans, or can you get it rejected?
    By Terrance in forum A Brief History of Cprogramming.com
    Replies: 8
    Last Post: 11-05-2002, 12:56 PM
  3. Creating a student grade book-how?
    By Hopelessly confused in forum C Programming
    Replies: 5
    Last Post: 10-03-2002, 08:43 PM
  4. Student Loans
    By Fountain in forum A Brief History of Cprogramming.com
    Replies: 37
    Last Post: 06-08-2002, 02:01 AM

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21