How do i pay bills if i quit job for school?

Question

if i quit my job to attend school full time, how can i pay bills? is living off of grants and loans something people actually do? i have kids and a house and car payment...... help help! need good advice.

Answer 1

Are you talking about undergrad or grad school? If you mean undergrad, you're going to need to work somehow, because it takes a long time to get a Bachelor's degree.

If you mean grad school, your department should offer you a job on campus that correllates with what you are studying. However, don't expect to get paid a lot. When I was in grad school, I went full time and had to work 20-30 hours a week at the university to get by.

Since you have kids, a house and a car payment, and an obvious lack of disposable income, you may want to rethink attending full time.

BTW:  Can you sell your house and maybe get a smaller dwelling so you can live off of the cash you have left over from the sale?

Answer 2

I wouldn't advise it with a family - it is really hard as a single person to live off grants and loans and I imagine it would be worse as a family member. In the end the debt stress may be so staggering you regret the education and you cannot go bankrupt against Student Loans they follow you everywhere like the IRS.

There are alternatives to higher education, consider part time night and weekend classes or even Internet education. You can get a legitimate education and stay employed. The added benefit to Internet education is you work at your own pace and can even have job placement assistance from some schools and trade schools. Do a little research you will be surprised. I have friends that used on line schools to get their masters and it is no less valuable to their advancement then if they went to a "standard school". I wish you the best whatever you decide.

Answer 3

Many student loan companies will lend you money for "everyday life", which includes bills. Of course you would just be trading one debt for another, but at least this is a worthwhile cause. The loans are secured usually, so there's no chance on you skipping out on them, but they usually have a lower interest rate which will help in the long run over financing everything on credit cards...

good luck with school!!!

Answer 4

You can get grants from the government that should help you a lot. It depends on your income though.

Answer 5

Loans.  Yes, it is something people live off of.  You may qualify for grants or work-study in your situation.  I know LOTS of people who lived off loans alone in college.  Make sure what you're studying will pay off when it comes time to payback all the loans.

Answer 6

Most people in your situation continue their day jobs and take a continuing education program at a college or university. However, if the program you are interested in required that you not work during the program, for example, law school, you can finance your cost of living on a school loan while you are going to school.

If the degree you want to go for is a business, education, or other similar degree, you should have no problem finding a part-time program.

Answer 7

Wow, your in a pickle. Have you tried going to school online? That way you can continue to work. I am facing the similar problem. The State will pay for me to go to school for up to two years. But they won't PAY me to go to school. I don't want to give up the security of having a full time job, the ecomomy being what it is. The internet seems the best option.. Hope this helps.