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Student loans for cash.

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Thread replies: 4
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Hey guys, I recently obtained my GED. I'm not going to college, I just want some tips on how to get student loans/ checks etc for extra cash. What is better than free money? Any advice would be greatly appreciated. >Pic unrelated
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>>17370375
Alright so this may not answer your question completely but I currently milk my student loan for extra cash.

Basically for New York colleges (dunno about the rest of the US) you have to fill out a shit ton of forms every year for the loan. Once you get that done you pick how much you want, I usually take out $7,500 a year. That then gets split into $3,750 for each semester.

How it works for me is if I take 4 classes for one semester, I'll use up that $3,750 and have to pay $100-$200 extra out of my own pocket. If I take less than 4 classes (3 or less) my college sends me a personal check in my name for the difference since my loan ($3,750) covered more than my tuition for that semester.

For example, last semester I took 3 classes and got a check for around $700 that I kept for bills.

This semester I'm taking 2 classes since I just got my associates degree and want to take a break. I should get a check for around $1,500-$1,600 which is gonna a help kill my $1,200 in credit card debt.

Of course solid disclaimer, you WILL have to pay this back eventually but who cares, that's in 10 years or so, milk it while you still can!
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>>17370375
You are a retard if you think student loans are free money. They stay with you for life, and they demand payments the moment you stop going to school (which is right now for you).

If anything get a credit card and max jt out, then declare bankruptcy...closest you can get to free money.
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>>17372724
>If anything get a credit card and max jt out, then declare bankruptcy...closest you can get to free money.
ayy
Thread posts: 4
Thread images: 1


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