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Triangulation

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I just got my fin aid statement. We definitely need to allocate more discussion regarding debt management and loans while in school

I'm probably gonna tutor for mcat b/c that won't be reported or taxed. This is gonna be a crazy balancing act of trying to work as an intern w/o f'in my award for the following years.

What have you guys planned? Any cool ideas or info? Like I said, plans for writing things off is helpful too. My old man was saying he thinks rates are gonna start heading up again soon.

WTF do you guys plan on doing to stay alive in the summers when we're not enrolled and don't qualify for aid? I had all these fun plans for the summer thinking that I'd have money for the summer, but now I'm not sure. Do we all have to work FT in the summer to live? If true, that sucks a$%.
 
:clap: :clap: :clap: :clap: MUCHO CONGRATS!!! THAT ROCKS HARD BRILL!!!
 
Originally posted by Brill
I'm getting married in a few months so I'll have my wife to support me 🙂
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*high fives Brill* All right! Marrying well is the only way to live! 🙂
 
Hopefully the Pharmacist Education Aid Act passes by the time you graduate so that you can get compensated for the work you do. Don't really worry about debt, it takes normally 4-6 years for the really expensive schools to pay off debt. I'm sure GravyRPH and AngryRPH are closing in on it now.

If you care for the study, doing the Pharm.D/Ph.D. through the AFPE or PhRMA will pay for both ends of your study.
 
I guess not having a summer at UOP will help me out. All the expenses that moving from Lousiana has brought has sure left my bank account in a sad state - not to mention being unemployed for two months...that was a mistake. This will be the first time that I'll have to really deal with being broke (Army/Grants paid for the majority of UCSD). Living with my girlfriend, who's a 5th grade teacher, may be difficult since she'll have a steady income and I'll be eating ramen.

Write off all moving expenses!

Hmm, I just glanced up at my post, and it looked like I had written that Amy Grant paid for the majority of UCSD. Time to get glasses, I guess.

-jason
 
and it looked like I had written that Amy Grant paid for the majority of UCSD.
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LOL. The first time I read it, I had to reread it because I also thought Amy Grant was your sugah mommy at UCSD. Too funny.

Lord is right, I'm about 5 years out and I only have a couple grand left on a 60k plus loan. I was lucky while in school, anything loans didn't cover my parents took care of. Plus, I was married and like Brill, I made her pay the rent and pay for the movies. 🙂 But she's livin on easy street now, since she doesn't have to work....(just don't let her hear that since she's taking care of 2 kids and doing all that taking care of the house work) 😉

I buddy of mine who is starting at Univ. of Colorado SOP had to take out a private loan to supplement the Federal loans, but he also had some credit card debt he wanted to pay off. With the low interest rates that are out there now I don't think it would be a bad idea to conisder taking out a private student loan to make ends meet. Once you get through should be cake to pay it back.

p.s. JasonUCSD2000 your location line gave me a good chuckle.
 
As much as everyone hates to hear it, summer jobs, especially for the pharmacy studs. are an awesome income generator. I had several friends make something like 15 an hour with a guaranteed 40 week while interning for various pharmacy chains. Some of these were even in other states where the chain paid for an apartment. This was an awesome way to make an easy 3k+ for the summer. Making a realistic budget and actually sticking to it is certainly one way to ensure money doesn't run out early. I personally always take out the maximum amount of loan money possible, though not everyone does this. Personally, I would rather enjoy this crappy time a little more now and have a little more to pay off in the end (and it may even be picked up by my employer) than live incredibly frugally now. Most chains have "loans" available to students that are waived if they practice X number of years after graduation. If you are reasonably sure you will stick with a certain chain, at least for a couple of years these "loans" are an easy way to pocket an extra thousand or so dollars a year.

As for write offs or credits. There are a couple that some students in my class talked about, but I lost that info. I haven't read it too closely, but the lifetime learning credit (1k) may be worth checking out:

http://www.hrblock.com/part7856124con974632SI3647816/life_events/life_learn.html

http://www.senate.gov/member/ca/boxer/general/411/tax_stu.html#llc

Might be useful
Jason
 
Congratulations on the impending nuptial, Brill!

Boy, you're just full of good news today 😉
 
what really bothers me is that these student loans aren't tax deductible..i had it all planned out.. i was gonna work about 60 hours a week and pay my stuff off in two years..but then i found out that uncle sam wasn't gonna let me off that easy.. he's a mean uncle.
 
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