This college student’s responsible money decision took a turn and forced her to drop out
“Going to college at Arizona State University was a dream for Alexandria Montoya and, thanks to a $50,000 scholarship, a full-time job as a waitress (while going to school full-time) and help from her dad, she was doing it! Then, she fell behind on her tuition. So, after three semesters, she made what seemed like a responsible money decision at the time: She took a semester off to pay it back. She took on a second job, working seven days a week — determined to get back on track. She finally paid off her tuition and went back to school for her junior year, only to realize that because she failed to file a deferment, she lost her scholarship. She was forced to drop out – and still owes $15,000 to Arizona State for that semester.”
I have always wanted to attend the Walter Cronkite School of Journalism and Mass Communications at Arizona State University. When I was a senior in high school and first deciding where to go to college, I never thought it would be an option because of the cost of tuition at ASU. I’m from New Mexico and out-of-state tuition was way too much for my middle-class family to afford. It wasn’t until the day that I got a letter in the mail stating that they were going to give me a $50,000 scholarship that I thought it was a possibility for me.
Within a month of moving into the dorms, I had found a job as a hostess at a restaurant in downtown Phoenix. I spent the rest of the year working and missing most of the events that all my friends went to. At times it was really hard, but I knew what I was working for. At the beginning of my second year in college, I was promoted to a server position at the same restaurant and was making significantly more money. I also moved into my own apartment, where I was paying rent, utilities, all my food costs, plus books and all the other stuff you need to survive as a college student, with no outside assistance. I was finally on my own working 40+ hours a week plus being a full-time student and it felt like I was thriving.
Almost a month into classes, I went to the financial aid office to find out why my scholarship hadn’t been applied to my account. They informed me that I had lost the scholarship because I never filled out a deferment form. And, they said I owed ASU $15,000 for that semester and wouldn’t be able to return until I paid it back.
So, I dropped out … again.
Now, I live in a studio apartment in downtown Phoenix, and I work as a bartender at a restaurant in my neighborhood. I love my job and the opportunities it has given me but what I make barely covers my rent and food expenses. There is no way I could even start paying off any loans on my own.
For the full original article click here: https://www.cnbc.com/2019/11/11/how-one-missed-form-forced-this-college-student-to-drop-out.html
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