Sweettart29
New member
Serious input only please
I need everyone input....
the other day I was screwing around and filled out something for the Art Institute of Philadephia online to get my associates degree in graphic design...The school is accredited, and I actually went ahead and applied for the stafford loan to see if I would actually get anything..I got the phone call today and I got approved for 9,310 through the stafford loan for the first year. They gave me three options to look over and figure out what looked good, option 1 was graduate in 2011 and pay a little over 9,000.00 out of pocket...option 2 was graduate in the fall of 2011 and pay out of pocket little over 4,000 and option 3 is graduate in the winter of 2013 and pay $308 out of pocket....
This is where I need some input...I would love to do this and go through with it and actually have something to fall back on or even chance careers, but I would have to apply for the stafford loan every year and right now as I see it if I go and do this I would have to do option 3 cuz that is the most financially available option, but I am not sure if I can handle a loan payment after graduation in the amount of 45,000.00+ I actually have to tell you I am scared to death of this decision and I have not been scared of anything at all before in my life....Just the thought of a student loan scares me and knowing that in about 4 years I am going to have a son who wants to go to college and then a few years later two more kids who want to go to college...
So what should I do....HELP
I need everyone input....
the other day I was screwing around and filled out something for the Art Institute of Philadephia online to get my associates degree in graphic design...The school is accredited, and I actually went ahead and applied for the stafford loan to see if I would actually get anything..I got the phone call today and I got approved for 9,310 through the stafford loan for the first year. They gave me three options to look over and figure out what looked good, option 1 was graduate in 2011 and pay a little over 9,000.00 out of pocket...option 2 was graduate in the fall of 2011 and pay out of pocket little over 4,000 and option 3 is graduate in the winter of 2013 and pay $308 out of pocket....
This is where I need some input...I would love to do this and go through with it and actually have something to fall back on or even chance careers, but I would have to apply for the stafford loan every year and right now as I see it if I go and do this I would have to do option 3 cuz that is the most financially available option, but I am not sure if I can handle a loan payment after graduation in the amount of 45,000.00+ I actually have to tell you I am scared to death of this decision and I have not been scared of anything at all before in my life....Just the thought of a student loan scares me and knowing that in about 4 years I am going to have a son who wants to go to college and then a few years later two more kids who want to go to college...
So what should I do....HELP