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Summer Classes and eBay Selling

March 7th, 2017 at 06:17 pm

Scroll down two posts if you missed the post were I linked to some free debt pay off and saving charts.

My daughter signed up for two online summer school classes. Remember she's a non resident student. And her scholarship helps a lot during the fall and spring semesters, but will not be applied during the summer. In order to graduate with two majors in 4.5 years she needs to take summer classes. Those two classes will cost $3,470. I was expecting this but didn't put a lot of planning thought into it. But now I am!

She still has cash in her Educational Savings account. My current plan is to the money in that account but only for half. The other half ($1,735) I hope to cash flow. I have until June 12 to come up with those funds. Three months! This is $578.33 per month. I'm going to attempt $300 each pay period.

It is really hard to save 'extra' for my long term goal while paying tuition, but I am going to remember that we will have the GI Bill benefits starting this fall. And it covers the full tuition cost, $1000 towards books AND nearly all of the housing costs. I just figured out the housing costs and our actual out of pocket costs will amount to $2208. That is far less than we have been paying. We do have to pay the full amount upfront and then we are reimbursed monthly. Luckily we have the cash and this will work out just fine.

I added two more items to eBay this morning, and I have four more that I hope to add as soon as possible. These won't amount to a lot of cash, but each dollar counts. These items are easy to mail, too. Smile

3 Responses to “Summer Classes and eBay Selling”

  1. Joe Says:

    Will your daughter's scholarship include her last semester (after her 4th year). I think my daughter's scholarship only covers 4 years.

  2. creditcardfree Says:

    Unfortunately no the scholarship will not cover that final semester. This is part of the reason I'm holding funds back and trying to cash flow some of summer. Our daughter is aware she may need to take out a loan for that last semester too. And in just over a year, we will know where our younger daughter will be attending and what, if any, scholarship she might qualify for.

  3. rob62521 Says:

    Sorry her scholarship doesn't include those summer classes, but how smart of you to plan for it and of her to work so hard to get two majors in 4.5 years!

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