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Old 12-08-2009, 12:31 PM
 
3 posts, read 6,401 times
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Me and my friend are planning to go to Marymount Manhattan College and we were going to use the money from Finacial Aid that would be used to pay for room and board for an apartment. Room and board there is about 12000 dollars a year. For the both of us it will be 24000 meaning we can get an 2 bedroom apartment for 2000 dollars a month in a nice, safe, and close to Manhattan. Where is a nice place to move to. Brooklyn, Manhattan, Queens, tell me!
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Old 12-08-2009, 12:36 PM
 
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are you sure you are allowed to use that money otherwise? I would take student housing at least for a semester until you get a feel for everything.
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Old 12-08-2009, 12:43 PM
 
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They make a finacial aid package for you, they subtract tution and fees and then give you a refund check to spend on books, laptops and to have spending money.
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Old 12-08-2009, 12:44 PM
 
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If we stay in a dorm they would subtract the 12000 dollars and give us a smaller refund check but if we don't stay the 12000 will be included with the refund check
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Old 12-08-2009, 12:54 PM
 
7,079 posts, read 37,889,131 times
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Stay in the dorm.
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Old 12-08-2009, 03:51 PM
 
Location: NJ/NY
10,655 posts, read 18,630,367 times
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Stay in the dorm x2.

How are you planning on eating? Paying for electricity? Cable? Phone? Transportation?

Are your parents going to be willing to co-sign an apartment lease?
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Old 12-08-2009, 04:05 PM
 
12,340 posts, read 26,064,271 times
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Room and board. Look it up if you're not sure what it means.

$12,000 x 2 for room and board does not equal $24,000 for rent alone. See posts above.
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Old 12-08-2009, 04:06 PM
 
4,471 posts, read 9,816,970 times
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Quote:
Originally Posted by try2pacifyme View Post
They make a finacial aid package for you, they subtract tution and fees and then give you a refund check to spend on books, laptops and to have spending money.
I find it VERY hard to believe that a school would give you financial aid for "spending money" unless of course you taking out a student loan...

I guess it really doesnt make sense to me why would you pay the school money to give right back for free spending money. why not just keep the money to begin with.
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Old 12-08-2009, 05:02 PM
 
Location: NJ/NY
10,655 posts, read 18,630,367 times
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Yes, it will be a LOAN that will have to be paid back, and it's not intended for spending money and won't really allow for any.

OP is being incredibly irresponsible and hopefully will discuss this with parents and/or school officials.
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Old 12-08-2009, 05:17 PM
 
Location: Beautiful Pelham Parkway,The Bronx
9,242 posts, read 24,016,534 times
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Quote:
Originally Posted by try2pacifyme View Post
..... For the both of us it will be 24000 meaning we can get an 2 bedroom apartment for 2000 dollars a month in a nice, safe, and close to Manhattan....
But Marymount is in Manhattan and you won't find the above described apartment anywhere near there for 2,000/mo.

The room and board is the much,much better deal. You won't be able to duplicate the location and the amenities on your own.
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