Camming and College Financial aid
Like most stripper, dancers and cam girls, i started to pay for school. I've only been camming since June because i needed to pay for summer school. I have financial aid( Pell grant, and subsidized/unsub loans) so it pretty much pays all of my school expenses. Ive noticed in these 2 short months of working that i may make too much to get financial aid. Atleast too much to get the amount i was once getting. Any college cam girls out there? how has camming affected your ability to get financial assistance for school? Do you have to claim 1099 on FAFSA?
Re: Camming and College Financial aid
Yes.
I no longer qualify for any financial aid as a cam girl. I pay for my tuition out of pocket. I had considered quitting camming to get that financial aid, until I realized I can easily pay my tuition with my income now.
Re: Camming and College Financial aid
yeah.. you could cam a lot less so you make what you need, so you qualify for the grants, i mean if youre spending all that $ better do a good job and get good grades and spend more time studying than working right? but ya know.. screw loans.. youre better off paying out of pocket if you can, cause my loans have come back to bite me in the ass... it doesnt feel very good owing impossible sums of $. i think.. no matter what youre making you'll always be able to qualify for those high interest loans, just not grants.
Re: Camming and College Financial aid
Financial aid is debt how much school debt do you want to carry, if you have the ability to come out of school debt free then take it. because the next thread that might come up is people going on how they so much school debt they have to keep camming. which is the other reason why people come into this business
Re: Camming and College Financial aid
There is no income limit for financial aid. You probably won't be awarded grants if you are making over 20-25k but you can still receive loans. Financial aid is calculated on many things, not just your income.
Are you filing as an independent student (as in you file yourself, not with your parents)? Are you married or do you have any children? Are you full time, part time? What is your expected family contribution? All these things go into play along with your income.
I make a good living camming, and I still take out loans for financial aid without problem so I wouldn't worry about it.
Re: Camming and College Financial aid
Quote:
Originally Posted by
drearea
I no longer qualify for any financial aid as a cam girl.
When you say you no longer qualify, what do you mean? You applied with a FAFSA and they just told you no, sorry, you make too much money to get any loans?
You might not quality for "need based" aid but you should most definitely still be able to obtain the unsubsidized Stafford and PLUS loans if you choose to.
Re: Camming and College Financial aid
well i dont just have loans. i get the full pell grant. and thats what im worried about being harmed. I took loans as a freshman and pretty much screwed myself. i get the full pell which is about $5000 i think and i used loans to live off of as a sophmore. now i have one more year and my camming income will count. but good advice
Re: Camming and College Financial aid
Quote:
Originally Posted by
lolabarbie1
well i dont just have loans. i get the full pell grant. and thats what im worried about being harmed. I took loans as a freshman and pretty much screwed myself. i get the full pell which is about $5000 i think and i used loans to live off of as a sophmore. now i have one more year and my camming income will count. but good advice
It depends on how much you end up making as a cam girl. If you make over 25k I would not count on the pell grants. But.... with only two months on camming it's hard to say. 25k is about $2083 BEFORE taxes, so if you are making more than that monthly than yah, I wouldn't count on grants because you just won't need them. You could still get loans though.
Re: Camming and College Financial aid
Ya im an independent student. and so far in my first month im already averaging more than that. so being a newbie... doing the math i expect it will go up. ive never been in a salary bracket above 20k. and when i was dependent i had disabled parents with low income. so my EFC for fafsa was always 0. so im not even sure how to save or budget ect. but from the looks of it, seems like i will just have to pay out of pocket. so maybe my next question will be "how to budget and save as a cam girl." lol
Re: Camming and College Financial aid
Quote:
Originally Posted by
SarahTime
When you say you no longer qualify, what do you mean? You applied with a FAFSA and they just told you no, sorry, you make too much money to get any loans?
You might not quality for "need based" aid but you should most definitely still be able to obtain the unsubsidized Stafford and PLUS loans if you choose to.
Sorry, I should have clarified.
I no longer qualify for Pell grants. I could get loans, but I just don't have an interest in more debt as I already have student loans to pay off as it is.
Apologies for the unclear post.
Re: Camming and College Financial aid
Quote:
Originally Posted by
lolabarbie1
Ya im an independent student. and so far in my first month im already averaging more than that. so being a newbie... doing the math i expect it will go up. ive never been in a salary bracket above 20k. and when i was dependent i had disabled parents with low income. so my EFC for fafsa was always 0. so im not even sure how to save or budget ect. but from the looks of it, seems like i will just have to pay out of pocket. so maybe my next question will be "how to budget and save as a cam girl." lol
Just be careful because being new can give a false sense of income potential when you have the "new girl" promotions that are significantly helping your traffic/income. Give it a few more months before you decide if you are making enough to not need financial aid for school. Also, if you are not used to having a lot of money, then YES you really, really need to learn to manage your money ASAP! This is something that I have heard happening quite often is a girl starts making money and doesn't know how to handle it and ends up worse off than she was before. You really have to be careful. Get a checking and savings account and put the money away, simply don't use what you don't absolutely NEED.
Also, I highly suggest checking out some of the tax related threads because you will need to be putting money away every pay check for paying taxes also. If not, you could end up with a HUGE amount owed all at once at the end of the year.
Quote:
Originally Posted by
drearea
Sorry, I should have clarified.
I no longer qualify for Pell grants. I could get loans, but I just don't have an interest in more debt as I already have student loans to pay off as it is.
Apologies for the unclear post.
That makes sense! :) It is always best to not take out loans if you don't need to. You will be thankful you didn't!
Re: Camming and College Financial aid
thanks sarah. i will check it out. thats also another fear i have, lack of consistency. so its very hard to tell. ur advice is really helpful thanks again
Re: Camming and College Financial aid
I'm a nursing student and get financial aid (subsidized and unsubsidized loans) to help with the costs of my extremely ridiculously expensive school. I am married, no kids, and have a failed storage auction business that helped get approved for a Pell grant for my last year of school. Plus my husband was on unemployment for 8 months and was only working for the last 4.
But even with all the variables, I would not decline government loans nor decrease my camming. Financial aid pays for school but not the everyday living expenses like food, utilities, gas, ect which camming will surely help with. Just my $.02
Re: Camming and College Financial aid
Quote:
Originally Posted by
lolabarbie1
Ya im an independent student. and so far in my first month im already averaging more than that. so being a newbie... doing the math i expect it will go up. ive never been in a salary bracket above 20k. and when i was dependent i had disabled parents with low income. so my EFC for fafsa was always 0. so im not even sure how to save or budget ect. but from the looks of it, seems like i will just have to pay out of pocket. so maybe my next question will be "how to budget and save as a cam girl." lol
First I would like to congratulate you on making 20k+ . OK moving on, though I am not a independent student I do cam and heavily rely on my financial aid to pay for school. My advice to you would be to listen to what I think it was Sarah said, to paraphrase she stated that you shouldn't expect to make 20k+ every month, now don't take offense I'm not doubting your skills but the adult industry fluctuates so you may make more or less. So just plan on monthly income changes, also if you are planning on filling taxes (which I hope you are) you should be prepared to take out 30% of your total earnings each month for taxes leaving you around 15-18K. To help you fully mange your income you can create a spreadsheet like in this post http://www.stripperweb.com/forum/sho...nthly+earnings Also another spreadsheet to track your expenses of what you actually NEED not want but NEED to buy or pay off, than subject that from your income to see what's left over and use at least 20% of whats left over and place that into a separate bank account to pay for school. If your school is really expensive i say 50% of whats left over to make sure you have the money for school. After you do that you should have a couple of hundreds possibly even a thousand dollars to play around with for shopping, going out etc. well I hope I helped and sorry for any errors its 2am lol.
Re: Camming and College Financial aid
^^^^ not 20k a month!! gawd i WISH LOL. but thanks