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Author Topic: What do you usually buy with your refund money? - Financial Aid  (Read 1416 times)

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Offline Cherry BloodrayneTopic starter

What do you usually buy with your refund money? - Financial Aid
« on: November 17, 2010, 05:54:15 PM »
For those of us who need a little financial help, what do you usually buy with your refund money besides books..?
Do you buy things you need, or want?

I want to get a laptop soo soo badly! I do not want to keep going to the computer lab on campus.
That's more of a want though, in my opinion.

A need would be clothes, college/school supplies, and various other school-related things.

Offline Will

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #1 on: November 17, 2010, 07:34:15 PM »
BILLS.  And food.  And other unavoidable expenses.

Offline Cherry BloodrayneTopic starter

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #2 on: November 17, 2010, 08:42:58 PM »
BILLS.  And food.  And other unavoidable expenses.

Other good points, forgot about bills. :) Mine gets put on the college credit card, though however.


Offline mystictiger

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #3 on: November 19, 2010, 01:46:03 PM »
Refund for what?

Offline Will

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #4 on: November 19, 2010, 01:53:58 PM »
Any money granted or loaned to a student that is not used to cover tuition and books.

Offline mystictiger

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #5 on: November 19, 2010, 01:57:36 PM »
*sighs fondly*

I miss the days that students in this country received grants. Now all we get is a loan from the government. Which we then have to pay back. Go go student debt! Although I shouldn't really complain about student debt in forum with a high concentration of Americans... >.>

Offline Oniya

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Re: What do you usually buy with your refund money? - Financial Aid
« Reply #6 on: November 19, 2010, 02:29:47 PM »
You're likely to get a large number of sympathizers.

Offline Ryven

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Re: What do you usually buy with your refund money? - Financial Aid
« Reply #7 on: November 19, 2010, 03:21:06 PM »
Socked it away in my savings account.

Offline mystictiger

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #8 on: November 19, 2010, 05:09:54 PM »
You're likely to get a large number of sympathizers.

Having done both law and medical school, my student debt is a mere US$8k. Friends of mine doing only one of those in not-the-most-expensive-schools are looking at 5-digit sums of debt. I understand, though, that if they go into public service that the repayments get waived or something like that.

Offline Josh the Aspie

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #9 on: November 29, 2010, 09:47:31 PM »
In general, in the US there are some of those programs, but they are generally limited, and the availability depends on degrees.

If you teach for a minimum number of years, then in at least a few states the student debt is forgiven, but most states require a teaching degree of some kind, or a degree of specialty in the area you practice.

In Colorado, a relatively rural and rather mountainous state, there is a program to forgive student debt if you take a job as a doctor in some of the very very rural areas of the state.  This was done to help reduce the number of people that die due to how long it takes to drive or be driven to a doctor (given that driving across that state takes about as long as driving across 2-3 relatively small European countries).

The thing is that most of these programs are done state-by-state based on the needs of the particular state and the needs of the people in that state.

You're not as likely to be as far away from a doctor in New York state, for example, as you are in the highly-rural parts of Colorado.

Of course given the recent wide-scale changes to how student loans are handled, this may have changed.  I heard that the federal government now directly provides all student loans, rather than it being provided through banks.  However this information was only from one off-hand reference from TV news, so I'd have to more fact-checking to verify that.

Offline Zakharra

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #10 on: November 30, 2010, 02:00:28 PM »

Of course given the recent wide-scale changes to how student loans are handled, this may have changed.  I heard that the federal government now directly provides all student loans, rather than it being provided through banks.  However this information was only from one off-hand reference from TV news, so I'd have to more fact-checking to verify that.

 As far as I know, that is accurate. Only the government  is allowed to give out student loans now. Anything else is illegal.

Offline Ket

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Re: What do you usually buy with your refund money? - Financial Aid
« Reply #11 on: December 01, 2010, 03:35:02 AM »
Not true. You can still get private student loans from banks and credit unions.

It used to be that schools would have select banks they would work with and the federal student loan monies were funneled through those banks to the students. Now the entire process is handled by the government.

Offline AtlasEros

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #12 on: January 09, 2011, 02:52:56 PM »
I always put it in the bank.

Offline jorick

Re: What do you usually buy with your refund money? - Financial Aid
« Reply #13 on: January 16, 2011, 04:17:00 PM »
I use mine mainly to pay the bills and buy the essentials, food and clothes and whatnot.  I'll occasionally buy a video game or something else for entertainment, but not often.  Usually I leave those things till holidays/my birthday instead of spending my school money on it.