Speaking of student debt

iVillage Member
Registered: 11-28-1999
Speaking of student debt
14
Thu, 08-04-2011 - 11:33am

I'm a lawyer & my office does bankruptcy.

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Avatar for elc11
Community Leader
Registered: 06-16-1998
Fri, 08-05-2011 - 3:41pm

Does the school website have an online calendar of Important Dates or something similar? That usually mentions payment due dates.

It also sounds odd to me that they don't want the money in advance, although it makes sense that they wouldn't want to deal with making refunds. When my dd was in college 5-10 yrs ago we had to pay each term's fees about a month before classes started.

iVillage Member
Registered: 09-19-2006
Fri, 08-05-2011 - 11:26am
So it is common not to have to pay anything until after they have been in school for a couple of weeks? Wow, this is new to me. Cornell wanted my money up front when I was there nearly 30 years ago. In fact I think they wanted all your money at least a few days before you even started.
iVillage Member
Registered: 09-19-2006
Fri, 08-05-2011 - 11:23am
Last week I checked on line and it said that we did not owe anything at this time. I think I will take another look today.
Avatar for sabrtooth
iVillage Member
Registered: 12-03-1999
Fri, 08-05-2011 - 10:26am

It's because kids change majors (which may mean a tuition differential), add classes, drop classes, go to part time, or decide not to attend at all.

Avatar for suzyk2118
iVillage Member
Registered: 07-30-1997
Fri, 08-05-2011 - 10:17am
Our bill is online way before we get a paper copy...it was available as of July 7 for Aug 29 start. We got a paper bill about a week ago, FWIW.
iVillage Member
Registered: 09-19-2006
Thu, 08-04-2011 - 8:11pm
CSM provided us with a COA quite a while ago. It came along with the financial aid information. Is that unique? I thought every school would send that out.

I still have not received a bill and ds moves in in 2 weeks. I called a while ago to ask about it and they said that the bill isn't due until "census day" (must be a CSM term). When I looked on the calendar census day isn't until the beginning of Sept. Does that seem odd? It sure does to me. I plan to pay the bill when ever I receive it because I can't believe that they actually go to school for a couple weeks before they pay.

Robin

Robin
Avatar for sabrtooth
iVillage Member
Registered: 12-03-1999
Thu, 08-04-2011 - 7:07pm

Most lenders that require school certification (approval) will cap the annual loan amount at Cost-of-Attendance less aid received (COA-Aid).

iVillage Member
Registered: 10-25-2006
Thu, 08-04-2011 - 5:31pm

<>

I never drew that parallel in my mind, but I think you're right.

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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

iVillage Member
Registered: 11-28-1999
Thu, 08-04-2011 - 3:56pm

I work with a lawyer who owes over $100,000 in school loans and she says that she really regrets now going to the school that she did & taking out these huge loans because she doesn't even have a full time job.

iVillage Member
Registered: 11-28-1999
Thu, 08-04-2011 - 3:49pm

It couldn't possibly have been for undergrad only because I looked up this U's tuition and it's "only" $50,000/yr, including room & board.

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