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Aug. 7th, 2013 09:33 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
stormdogAs well as going for short but wonderful bike rides with family members (one of them at least), I'm working on money matters tonight. I already regaled you with the story of the summer financial aid misunderstanding. To add to that, I tried to make a late class registration change and learned that I'm locked out until I pay the outstanding tuition. How aggravating.
So I caught up on my bank account, and thought about how much financial aid to accept. I think I could squeak by on just grants this semester, but it would be tough and I'd be stressing about finances more than I usually am. So I decided to once again accept the subsidized loans as well. I got my monthly letter today from the bank that holds my student loan from when I was getting my IT certifications in Michigan. It's nice to see that number slowly shrinking over the years. And just as neat is seeing the capital-to-interest ratio swing every so slowly in my favor. When I was gainfully employed, I was paying extra to push it faster, and I'm finally down to about $3700 on a 5.25% loan. I've cut the outstanding balance by half I think. Though I still have most of three years left to pay on it, it's nice to be making progress.
That said, the amount I owe for my current undergraduate experience keeps going further up. It should be close to $15000 after this semester. Still, interest rates on these subsidized loans have remained at 3.4% since I started school, which is pretty good. Hopefully I can manage that even if I don't manage to get into grad school.
As I was working on my numbers, my brother, the recent law school graduate, came in. I told him what I was working on and we talked a bit about financial aid. He now owes, he told me, approximately two-hundred thousand dollars. That's $200,000. The interest would be about $1.50 a minute. That does make me feel a bit better. As for him, he's planning on working in the public sector, which will provide for loan forgiveness. I think it's so cool that he wants to be a public defender.
Anyway, now that I know how much money I have in my account, I can write my college a check for most of $900 tomorrow to make sure that's taken care of before I leave with Danae.
---
In other news, I cleaned over 2000 messages out of my Gmail inbox. When I'm stressy, it's relaxing to do something that exerts control over some aspect of my life, even if it's something small like that. Yay!
So I caught up on my bank account, and thought about how much financial aid to accept. I think I could squeak by on just grants this semester, but it would be tough and I'd be stressing about finances more than I usually am. So I decided to once again accept the subsidized loans as well. I got my monthly letter today from the bank that holds my student loan from when I was getting my IT certifications in Michigan. It's nice to see that number slowly shrinking over the years. And just as neat is seeing the capital-to-interest ratio swing every so slowly in my favor. When I was gainfully employed, I was paying extra to push it faster, and I'm finally down to about $3700 on a 5.25% loan. I've cut the outstanding balance by half I think. Though I still have most of three years left to pay on it, it's nice to be making progress.
That said, the amount I owe for my current undergraduate experience keeps going further up. It should be close to $15000 after this semester. Still, interest rates on these subsidized loans have remained at 3.4% since I started school, which is pretty good. Hopefully I can manage that even if I don't manage to get into grad school.
As I was working on my numbers, my brother, the recent law school graduate, came in. I told him what I was working on and we talked a bit about financial aid. He now owes, he told me, approximately two-hundred thousand dollars. That's $200,000. The interest would be about $1.50 a minute. That does make me feel a bit better. As for him, he's planning on working in the public sector, which will provide for loan forgiveness. I think it's so cool that he wants to be a public defender.
Anyway, now that I know how much money I have in my account, I can write my college a check for most of $900 tomorrow to make sure that's taken care of before I leave with Danae.
---
In other news, I cleaned over 2000 messages out of my Gmail inbox. When I'm stressy, it's relaxing to do something that exerts control over some aspect of my life, even if it's something small like that. Yay!
