Cost of living estimates too low - what to do? Forum

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traehekat

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Cost of living estimates too low - what to do?

Post by traehekat » Sun Jul 25, 2010 2:30 pm

I'm sure this has been asked before, but I did a search and wasn't able to find anything.

What options are available when the amount awarded through GradPLUS loans are not enough to cover the cost of living? This is a question for a friend of mine, and he has already cut a lot of corners so there aren't really a lot of places where he can save some money. The COL estimate really is just too low. Should he look at private loans?

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Sell Manilla

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Re: Cost of living estimates too low - what to do?

Post by Sell Manilla » Sun Jul 25, 2010 2:33 pm

Make money.

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nealric

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Re: Cost of living estimates too low - what to do?

Post by nealric » Sun Jul 25, 2010 4:34 pm

If he does not have medical issues and/or is not supporting a family, the COL is not too low- he is living too large.

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jennylynn

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Re: Cost of living estimates too low - what to do?

Post by jennylynn » Sun Jul 25, 2010 10:07 pm

nealric wrote:If he does not have medical issues and/or is not supporting a family, the COL is not too low- he is living too large.

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Bildungsroman

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Re: Cost of living estimates too low - what to do?

Post by Bildungsroman » Sun Jul 25, 2010 10:13 pm

http://www.top-law-schools.com/forums/v ... 5&t=120896 might be a help if he's looking to supplement with private loans.

Otherwise, some recommendations:

Sell car, buy bicycle or bus pass. This cuts out the cost of gas and car insurance.
Eat moar ramen. You can have a ramen dinner for under 50 cents.

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presh

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Re: Cost of living estimates too low - what to do?

Post by presh » Sun Jul 25, 2010 10:14 pm

.

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