JBSilBlog

Life, the Universe, and Everything

Financial Aid

Posted by JBSil on January 30th, 2007

Just found out that my Financial Aid came through for this coming quarter. Good news is I’ll be able to take classes and not take money out of the savings account my parents gave me (that I haven’t touched in years), or worse, borrow money from my parents directly. Bad news is that I didn’t qualify based on need (go figure), so I got an unsubsidized loan, as opposed to a subsidized one. Which means, while it is a student loan, it will accrue interest from the moment I borrow the money until the moment it’s paid off in full. Hooray for interest!

But, the good news to follow that is that although I was told that the Education Assistance program had ended when my parent company was bought out by my parent-parent company, I was apparently misinformed. The program works slightly differently now, but as long as I can prove that the degree that I’m working towards is related to my job, or a future job in the company, and that the classes I’m taking are required for that degree, I’m eligible for $5000 per calendar year from my job for tuition. Which is awesome because it means I’ll basically take out the loan for this quarter only (with interest) and completely pay it off this summer, and only accrue a couple month’s worth of interest. And hopefully next year’s loan will be subsidized (since I filed without my parents’ $$$).

Sooooooooo, I’m going back to school. Starting May 12th. Registration is tomorrow morning, 6 am. Here’s hoping I get the classes that fit into my schedule!

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