Please help me stop flipping out about my financial aid SNAFU.
July 6, 2012 2:28 PM Subscribe
I just received word that, due to a tiny technical error, I have to re-apply to get my Stafford loan to pay for grad school. This message was directly followed by the notice that I must pay for my tuition by Sunday night at 11:59PM or I'll be blocked out of my classes. Because it's now the weekend, no one is available to help at the financial aid office. My parents said they can float me the money until the loan clears. Should I take them up on the offer?
posted by Viola to Work & Money (12 answers total)
My tuition bill is $4200, which is not something I can pay out of pocket. My parents are more than happy to float me for the next two weeks until the loans come in, but is that a good idea? Will it be easy to pay them back with the funds the Stafford loans provide?
I'm sort of freaking out, because I'd enrolled quite early to get all the classes I wanted, so while I'm sure I'll be going to grad school no matter what this fall, I really want to take these specific classes. However, I don't want to embroil my parents in any financial liability if it'll be difficult to pay them back via with student loans.
In lieu of advice from someone at a financial aid office, what's your take?