So D is in his LAST year of law school (THANK GOD THERE'S AN END). Every year we apply for student loans because they only give you enough to cover school and living expenses if you are young, SINGLE and living with a roommate or 5.
They absolutely won't give you more money for having a family. NOPE, NO WAY!
If you don't already know rent in So Cal is kinda expensive and we were paying about $1650 a month (that's cheap for where we were living!) plus other bills so it was necessary to borrow more, short of me going out and earning min wage and paying for child care. Yeah...
So this last summer some of you know we moved. We moved to my in laws and they went out of the country for about a year. This move we felt really good about and would be paying about half of what we did previously (rent plus utilities) so that was a HUGE added bonus. Well, what we didn't know was that that move was NECESSARY! Definitely one of those things where God totally is providing for you before you even know he is.
You see.... Thanks to the economy, private student loans are becoming virtually impossible to get except for a few lenders and lenders right and left are dropping out of the game. We thought we finally had it all figured out and that we were set for this year.
BUT our lender neglected to tell us something last year....once you borrow a total of $100k THAT INCLUDES TUITION they won't lend you anymore. Well guess how much tuition is? about $40k a year. Multiply that by 3 years... YUP you got it! DUH WELLS FARGO! OF COURSE WE'RE OVER $100k!
So we were DENIED with no hope for additional loans. NONE and really do you THINK anyone will give us private/private loans YEAH friggin right! In this economy? With NO income and outstanding loans... NOT!
So ZIP-A-DEE-DO-DA FOR US! We're SCREWED!
I'm not having panic attacks like I would be if we had stayed in the on campus houses. I can pinch a penny and I THINK I can get our bills covered. The rest...dunno... but we have some resources and wonderful people and church to help our other needs should we need that. And we have a food storage that will cover us for a few months for sure. I will also try to increase my clients and wax more and possibly see if anyone needs some child care. HA! Hey, anything right?
Here's what I am most bummed about though:
- I had to cancel soccer for Zorro. I had him signed up and ready to go for soccer and he would have LOVED it! Just can't afford the $30 a month. I can't tell you how bummed I am about that!
- Soren's Bday won't be the super fun bday I planned. :( Totally sad
- Christmas will be re-gifts from his bday ROTFL
- I was going to re join the gym for only $100 (they are desperate) And I FINALLY was able to fit it into my schedule to go again!
- I need new shoes
- D needs some new clothes and shoes
- Soren needs new shoes
- Its going to be our 5 year anniversary and we can't do what we had already planned
In the end though, I may be bummed but I am THANKING GOD for providing for us. It would be so much worse. SOOOOOOO much worse!