Who else is waiting for ‘Student Loan Payday’?
It's August, which means that it's tuition time for the many of us heading back to school.
*GULP*
Over the next few weeks, the loans I am borrowing will be disbursed to my university to pay off the tuition and fees I owe as I continue my education. Once I have settled my bill with the school, the remaining funds will be deposited into my bank account in a ceremony I affectionately refer to as "Student Loan Payday."
Let's face it, getting a degree is expensive, and many of us need to borrow money just to cover our cost of living. Here in the San Francisco Bay Area 
, that burden is especially high. I am eagerly awaiting the additional money in the bank so I know I'll be able cover all of my expenses for the next few months!
The kicker about "Student Loan Payday" is that it only comes about once a semester, which means you have to figure out how to make those funds last. Creating a budget—and sticking to it—is crucial to making that happen!
What tips do you have to help stretch your student loan dollars?
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Comments (3)
Found in Back to school, Banking, Budgeting, Consolidation, Debt, Federal loans, Financial aid, Financial education, Money management, Online banking, Paying, Preparing, Private loans, Student loans, Wells Fargo Bank
Comments
Lots of Mac & Cheese & Ramen Noodles! Seriously, just stay away from shopping malls and stick with purchasing only necessities is helpful. I've realized how much 'stuff' I buy that I don't need and if I just refrain from doing this I don't need to worry about the bank acct...as much anyway. It's okay to splurge on yourself now and again but definitely not as frequently as when you have a paycheck every two weeks.
Posted by: Student | August 15, 2007 05:29 PM
Stick that money in an online savings account, so that A) it earns a bit of interest over the semester and B) you're less likely to use it on frivolous things, since it's a bit harder to get at.
Posted by: Steph | August 23, 2007 04:57 PM
Smart advice, Student and Steph. :) Thanks for sharing!
Posted by: Staci Schiller | August 24, 2007 08:28 AM