Get Out of Debt Guy

I Only Have Two More Classes to Graduate From University of Phoenix

Posted May 16, 2013

WRAL Reader Question

Dear Steve,

I attended University of Phoenix and was ready to complete my last 2 classes to complete the program for graduation.

I was handling my own funds after the university had been handling them the entire time and not dispersing my funds in a timely manner.

Long story short, I had the funds in the bank and there was a lien placed against my bank account for past due taxes and it left me owing the school $1,200 before I was able to complete/return to my class schedule and complete the program for the last 2 classes.

I have since gotten laid off, considered bankruptcy and everything in between. I am again gainfully employed; as a contract worker at present, and still have the 1200.00 balance to payoff before I can return to finish and graduate.

The school refuses to work with me and I desperately want to complete my degree and move on to another school. I am on a super tight budget and can't see how to make the payment; what can I do? Is there any h elp out there for me? I am in a forbearance right now as well for financial hardship.

What can I do to get the $1,200 to University of Phoenix to finish these two classes to complete my degree?

I have a 3.17 GPA at the time of my having to leave the online schooling. I have applied for many, many various scholarships and grants and have not gotten any and I just want to be able to finish this course and get my degree and prayerfully, get a better job.



Dear Kay,

Normally I would not recommend what I am about to say for someone in a financial hardship. But what makes your situation unusual is you are only two classes away from graduating and the investment in education really only pays off the most when you can achieve the final degree.

I do know of a reliable lender for unsecured debt consolidation loans, read The Ultimate Debt Consolidation Loan Guide: Getting Approved, Acting Smart, and Being Wise and Best Debt Consolidation Loans. If you get approved, let me know through my site and I'll help to fund your loan.

It does sound like you have a regular financial mess on your hands in other parts of your life so hopefully this final investment and the completion and awarding of your degree will open new doors for you.

Outside of unsecured debt consolidation loan solution, which again you should only use after proceeding with caution and reading my guides, the other logical solution is to save up the money and then go back and finish the degree. That would be the smartest way to minimize your risk of getting more loans but it would potentially also take the longest amount of time to finish and you are just so darn close to getting the degree.

Keep me posted on what you decide to do.

Some are going to be critical of my advice, and again, it's not normally something I would suggest but the finish line is at hand. Let's finish the degree and get you moving forward on a better financial future.

Steve Rhode
WRAL Get Out of Debt Guy

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About this Blog:

Steve Rhode has had careers in opthalmology, real estate and as the head of a nonprofit debt counseling firm. On his blog, he offers hard-won, free advice about getting out of debt, consolidation and making the right choices as you manage your money.