Ok, so here's the deal:
I'm going to LSU this August for grad school, and have accepted a few student loans to supplement the stipend I'll be receiving for my assistantship. However, those loan funds won't be available until roughly the week before classes begin, which would put them in my account sometime around the 15th of August.
The problem with this situation is that I'll be moving from Atlanta to Baton Rouge, and thus will need some of the loan money to finance the relocation (deposit/rent, utilities setup, furniture, all that good stuff).
So, I'm thinking of heading to my bank sometime this week to take out a small, private student loan. I'll then pay the loan back once I receive my federal financial aid money. Does anyone foresee any problems with this idea, or have any other/better suggestions?
I do know there's a chance I'll be stuck with an origination fee for the private loan, but that's something I'm willing to accept. There's hardly any way I'll be able to save up quite that much money between now and early August (when I'm moving), and honestly, I'd like the extra money as a cushion, just in case.
Thoughts/Ideas/Suggestions/Comments?
I'm going to LSU this August for grad school, and have accepted a few student loans to supplement the stipend I'll be receiving for my assistantship. However, those loan funds won't be available until roughly the week before classes begin, which would put them in my account sometime around the 15th of August.
The problem with this situation is that I'll be moving from Atlanta to Baton Rouge, and thus will need some of the loan money to finance the relocation (deposit/rent, utilities setup, furniture, all that good stuff).
So, I'm thinking of heading to my bank sometime this week to take out a small, private student loan. I'll then pay the loan back once I receive my federal financial aid money. Does anyone foresee any problems with this idea, or have any other/better suggestions?
I do know there's a chance I'll be stuck with an origination fee for the private loan, but that's something I'm willing to accept. There's hardly any way I'll be able to save up quite that much money between now and early August (when I'm moving), and honestly, I'd like the extra money as a cushion, just in case.
Thoughts/Ideas/Suggestions/Comments?
Facebook
Twitter