« on: November 14, 2007, 02:56:45 PM »
OK, so like a lot of other Americans, my wife and I have managed to get ourselves into a consumer debt (read: credit card) pickle.
We're on a strict budget though, and are on pace to have it almost completely gone by the time I'd start school next fall. The fact that I'm looking at public schools in lower-cost cities coupled with my wife's job which allows her to make decent money just about anywhere should help us continue to pay bills while I go to school. I will need loans (don't have the numbers for scholarship $), but won't let that stop me.
Is anyone else facing a similar situation?
Ideally, our credit card debt will be gone by the time I start, but we'll still have a car payment, rent, my wife's student loans, the usual stuff. I'm completely ignorant about financial aid constraints - I was fortunate enough to have my UG paid for. In the event my wife's income isn't enough to cover all expenses, can loans be applied to help cover living expenses? Would my wife's income adversely affect the amount of aid available to me?
Any other thoughts about debt and beginning LS are welcome, of course.