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No Loans! Six Semesters, Two Summers

June 8th, 2018 at 05:35 am

This morning I paid the balance of my daughter's summer tuition in full out of our checking account. Today's amount due was $1,613.26, which was far less than I estimated.

Originally, my estimate was just under $3,700 without books. I was a bit off on my estimate. One class is a business class and thus carries a premium tuition rate, which added another $534! I also didn't add in the fees, which seems odd that I failed to do that. Books (specifically access codes for online instruction) were added to the tune of $245. The finally tally was $5013.26 for six credit hours. Reminder this is out of state tuition.

But we were blessed with a scholarship of $2,800. It was part of our daughter's main scholarship, but somehow was not applied last year when she took one class. So we didn't know that it would cover summer classes. So at this point I was expecting to pay $2,213.26.

But when I went to pay there was a credit of $600, leaving the balance at $1,613.26. We can't tell online specifically what the $600 is, however we think it is likely one of the music scholarship she received this spring. She was expecting a check for it. I think the University would cut a check if there was not a balance due. So instead the credit goes towards the current tuition owed. In the end it is all the same.

Sometimes I'm just amazed at our ability to have paid tuition and housing in full without loans. Let's see if we can continue the trend! Oldest daughter has three more semesters with intended graduation date of December 2019. And of course, our youngest is starting this fall, so another four years and we should be done!!

6 Responses to “No Loans! Six Semesters, Two Summers”

  1. CB in the City Says:

    Congratulations on funding a college education without loans! My sons did not take out loans, either, but that was mostly due to my ex-husband's contributions.

  2. NJDebbie Says:

    We did the same for nine years! Cash flowed all college tuition for our two sons; about $100K. Looking back I still don't know how we did it.

  3. My English Castle Says:

    Hooray for you! And so happy that your family's service was able to help this happen.
    My almost-junior in high school dreams of a debt-free future. I hope we can make it happen.

  4. rob62521 Says:

    That is amazing. So glad the scholarships have come through and certainly has helped.

  5. Wink Says:

    Your daughters will have such an excellent start as young adults with no college debt. All of your family's hard work is making that possible. Congrats!

  6. livingalmostlarge Says:

    Congratulations! Great job and what a great start

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