- Joined
- Jan 10, 2011
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- 373
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I just got my award package today and here's some info
- COA is ~ $59K. That includes living expenses, food, housing, etc...
- Since I own my home, and am supported by my husband, I calculated that the amount I need would be around $38K
Questions:
- There are multiple sources of loans including grad plus and unsub stafford. If I only accept a portion of unsub stafford and reject grad plus, would it affect my award package next year? (i.e. will they take it away cuz they thought I didn't need it this year) I don't need it, but I rather have it included in the package in case I do need it.
- If I accept the loan, and don't use all the money, can I use it to pay the debt (i.e. returning it to the loaner) while I'm in school? Is there some sort of penalty if I do that?
- I have about $70K in stocks that I'm planning to use for school. What's the best way to use it? Should I divided it evenly for 4 years or should I just pay off the first 2 years myself? When I sell these stocks, I'll have to pay tax for it, which hopefully I'll get back most of it because it'll be my only source of income while I'm in school. What should I do?
Thanks so much!
- COA is ~ $59K. That includes living expenses, food, housing, etc...
- Since I own my home, and am supported by my husband, I calculated that the amount I need would be around $38K
Questions:
- There are multiple sources of loans including grad plus and unsub stafford. If I only accept a portion of unsub stafford and reject grad plus, would it affect my award package next year? (i.e. will they take it away cuz they thought I didn't need it this year) I don't need it, but I rather have it included in the package in case I do need it.
- If I accept the loan, and don't use all the money, can I use it to pay the debt (i.e. returning it to the loaner) while I'm in school? Is there some sort of penalty if I do that?
- I have about $70K in stocks that I'm planning to use for school. What's the best way to use it? Should I divided it evenly for 4 years or should I just pay off the first 2 years myself? When I sell these stocks, I'll have to pay tax for it, which hopefully I'll get back most of it because it'll be my only source of income while I'm in school. What should I do?
Thanks so much!