Elizabeth Culmer (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
edenfalling) wrote2019-01-11 10:12 pm
edenfalling) wrote2019-01-11 10:12 pm
Entry tags:
college finances make no sense
I ran the numbers today and, hilariously, it turns out I actually made $4 by attending community college for a year.
This is because I took out a federal direct loan that I ended up not needing at all -- my Pell grant and local scholarship covered all my expenses, including book purchases -- so I just parked it in my savings account all year and let it earn (admittedly minimal) interest. Then I paid the whole balance back before the loan company could charge me any interest.
It's completely backwards and I love it. :D
This is because I took out a federal direct loan that I ended up not needing at all -- my Pell grant and local scholarship covered all my expenses, including book purchases -- so I just parked it in my savings account all year and let it earn (admittedly minimal) interest. Then I paid the whole balance back before the loan company could charge me any interest.
It's completely backwards and I love it. :D