FA was awarded unevenly... question.

romanigypsyeyes
Sun, 28 Nov 2010 18:36:18 +0000

I’m going to bump this up to see if this sounds like a good idea:

As of right now, I am going to owe the school $2858.50. I am applying for a COA increase, which, if approved, would put me down to owing ~$1640 out of pocket (I only have ~$2100 in Subsidized Stafford loans this year after a $600 grant from Michigan came in, so I would use Stafford loans to pay for that ~$1200 COA increase).

I have $3k in work study. I will have about $1200 of that used this semester, and I will be working far less next semester because of schedule conflicts. I plan on converting about $1k into a Stafford loan and then just increasing my hours at my non-work study jobs. This will leave me with about $4400 in Stafford loans this year.

If I don’t get the COA increase, then I am going to take a similar course of action but get a $1k loan from the MSU FCU and pay it off quickly.

I am also considering dropping down to 15 credits. I am dropping one course and hoping for a 3 credit paid internship in place of that. If I don’t get the internship, I might just stay at 15 credits.

As for where the work-study money from this semester has gone, I have had nearly $1500 in medical bills just from this semester. It might get worse next semester when I start going to a new specialist at U of M. I wish I could get a COA increase to include medical costs lol. Ah well.

ETA:
If all else fails, I will just take 12 credits and go full time in the summer. My absolute last option, but I am thankful that it is an option nonetheless.