January 28, 2022 marked my one year anniversary of paying off my student loans . Reflecting back on choosing to pay off my student loans leaves me with several take a ways that I want to share with you! In September 2020 I decided to become debt free by utilizing the debt snowball method to pay off all my debt. Before this I had struggled to save and really understand basic financial principles. As a first-generation college student, I received a scholarship to attend undergrad for free, but the scholarship did not cover summers. During the summers I took out student loans to cover costs without paying interest rates or how much I was taking out. By the end of undergrad I had amassed a little under $17K. Fast forward to graduate school I received another scholarship that covered my education. At the time I was a teacher in a new very expensive city and I had missed the cutoff to have my paycheck last me throughout the summer. So, I decided to take out a loan for two summers to keep
Summer CARES Act funding is here and I actually got an amount! In case you forgot the CARES Act is federal funding for students enrolled in higher education who have been affected by COVID. This money can go towards books, tuition, or any other school related materials. How do you apply you ask? On my universities home page there is a link to apply in big red letters located at the top of the page. If your university does not have this, I would recommend contacting your financial aid office to ask.
Figure
1: This is a thumbnail from my YouTube video on Summer CARES Act Funding where
I am looking at an emoji of money with a surprised look.
Now there are some requirements. You must be enrolled
in summer courses, have been affected by COVID, and you must apply. It does not
matter which summer semester you are enrolled in or how many hours you are
taking. The process to apply was very easy, after completing a short questionnaire
form I received an email saying that I was approved right away. By now your probably
wondering how much did I get?! I received $133. If you remember previously in
my first YouTube video where I
discussed the CARES Act students enrolled in online programs prior to COVID
like myself could not receive these funds but now you can! I plan to use this
money to cover my books and a portion of my fees this semester. I have not
received the funds yet but they will most likely be in my account by the time
courses start. You will receive the funding however you typically receive your
school refund.
Figure 2: This is a photo of a one hundred dollar bill.
Be sure to drop down in the comments and let me know
if you’ve received any CARES Act Funding. How much did you get and how was the
process to apply? Also, thank you to everyone who has purchased my eBook! If
you haven’t gotten a copy be sure to click the link below to order and don’t forget
to use the coupon code Ms. Duggan for $5 off!
Figure 3: This is the cover of my eBook. I am standing in the kitchen smiling with my arms folded while wearing a white top and pink skirt.
Link
for eBook: Coupon
Code: Ms. Duggan
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