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College of Cash - finding money for college

Talk About Bills Out of Nowhere

December 24th 2007 15:13
Right after I transferred schools I tried to consolidate my student loans because the rates were going to be going up (or something like that). Well, what happened is they only let me "consolidate" one loan. I don't know how that happens - it pretty much defeats the purpose.

Anyway, when filling out the stuff online it told me I would lose the 6 month deferment after graduation. I decided that was fine with me because this rate would be lower.

Well, they didn't waste any time getting me that bill. I just graduated on the 15th and by the 18th my Mom called to tell me I had a bill from the place I consolidated with and it's due December 27th.


What?

I don't even get two weeks. I mean, I knew I was losing out on the 6 month period, but I figured the first bill would be due sometime in January. It's only $50, but I didn't expect it so soon. I had been creating an emergency fund for the exact reason of bills coming out of the woodwork, but wow.

At least I will be able to pay it I guess.
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