Quote from: Matokah on April 01, 2007, 10:31:09 AMQuote from: Kitty782 on March 30, 2007, 10:16:54 PMAnd hey, if you live really frugally (like under the underpass or something), you could probably use your room and board money to pay off your car loan your first year! I decided to sell my car, so I could pay off my credit cards before I went to law school. But, I won't be working, and no matter where I end up it will be a major city with public transportation options. I'm actually hoping my boyfriend will join me in the middle of the first year (or into the second), because that would cut rent in half for me which would be perfect. Other than that, I *might* be able to petition my parents to pay half of my loans or something if I ask really nicely on the condition that it's a loan, and I'll pay them back as soon as physically possible. This is a little off-topic, but it just came up, too: If you're moving cross-country for law school and don't have a nice little $4000 to pay ($1500 for the UHaul, approx. $1400 for the rent deposit and first month's rent, new computer, some tiny items like a used desk for aforementioned computer, etc.), how is everyone thinking about handling that? I'd really like not to take out a private loan to pay for that, but that's what it might come down to. I'm going to get rid of as much of my crap as possible before I leave, but I'll still probably have a lot of things to take with me. And I assume I'd need the computer before I actually get my loans so I could make sure I know how to use it before the first day of classes. Seconded about the computer loan- that's not something to worry about. Most people seem like they use their credit cards and pay them off once their loans come in. It's sort of annoying but kind of hard to avoid. As for rental trucks, if you have AAA you may want to check out Penske. The discount was significant when I used it last year.
Quote from: Kitty782 on March 30, 2007, 10:16:54 PMAnd hey, if you live really frugally (like under the underpass or something), you could probably use your room and board money to pay off your car loan your first year! I decided to sell my car, so I could pay off my credit cards before I went to law school. But, I won't be working, and no matter where I end up it will be a major city with public transportation options. I'm actually hoping my boyfriend will join me in the middle of the first year (or into the second), because that would cut rent in half for me which would be perfect. Other than that, I *might* be able to petition my parents to pay half of my loans or something if I ask really nicely on the condition that it's a loan, and I'll pay them back as soon as physically possible. This is a little off-topic, but it just came up, too: If you're moving cross-country for law school and don't have a nice little $4000 to pay ($1500 for the UHaul, approx. $1400 for the rent deposit and first month's rent, new computer, some tiny items like a used desk for aforementioned computer, etc.), how is everyone thinking about handling that? I'd really like not to take out a private loan to pay for that, but that's what it might come down to. I'm going to get rid of as much of my crap as possible before I leave, but I'll still probably have a lot of things to take with me. And I assume I'd need the computer before I actually get my loans so I could make sure I know how to use it before the first day of classes.
And hey, if you live really frugally (like under the underpass or something), you could probably use your room and board money to pay off your car loan your first year! I decided to sell my car, so I could pay off my credit cards before I went to law school. But, I won't be working, and no matter where I end up it will be a major city with public transportation options.
On a related note, what about using the cost-of-living piece of your loans to make mortgage payments instead of rent payments? Anyone have any experience with this? It seems fine in priniple.
Quote from: well eggy on April 01, 2007, 04:33:50 PMOn a related note, what about using the cost-of-living piece of your loans to make mortgage payments instead of rent payments? Anyone have any experience with this? It seems fine in priniple.There is no problem with doing this. I live in a very cheap town where lots of students choose to buy instead of rent.
Quote from: queencruella on April 01, 2007, 04:35:53 PMQuote from: well eggy on April 01, 2007, 04:33:50 PMOn a related note, what about using the cost-of-living piece of your loans to make mortgage payments instead of rent payments? Anyone have any experience with this? It seems fine in priniple.There is no problem with doing this. I live in a very cheap town where lots of students choose to buy instead of rent. That is great to hear. Is there some kind of disclosure requirement that you know of? I'd love to buy and not rent during school.
AAA is the American Automobile Association. It's basically a club you join that gives you roadside assistance, maps/travel books, discounts on hotels, rental cars/trucks, and other sorts of discounts. It costs <$75 to join and I think I saved about $150-200 on my moving truck (much shorter than yours) and a bit on the hotels/motels I stayed in on my trip up. If you have a lot of stuff already and are already having to rent a truck, might as well try to salvage as much as you can that will fit in the truck instead of buying new. See if you can exhaust the parental option before going for the credit cards. First semester is much tighter with loans than second semester so you should be able to pay your parents off when you get your second semester check with no problem. With moving in, health insurance (we had to buy it in one lump sum at the beginning of the year), and being forced to buy books in the bookstore first semester, I was in a much worse situation than I am this semester.
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