Cursor Inside A Cursor

I'm new to cursors, and I'm not sure what's wrong with this code, it run for ever and when I stop it I get cursor open errors




declare Q cursor for
select systudentid from satrans


declare @id int

open Q
fetch next from Q into @id
while @@fetch_status = 0
begin

declare c cursor for

Select
b.ssn,
SaTrans.SyStudentID,
satrans.date,
satrans.type,
SaTrans.SyCampusID,
Amount = Case SaTrans.Type
When 'P' Then SaTrans.Amount * -1
When 'C' Then SaTrans.Amount * -1
Else SaTrans.Amount END

From SaTrans , systudent b where satrans.systudentid = b.systudentid

and satrans.systudentid = @id




declare @arbalance money, @type varchar, @ssn varchar, @amount money, @systudentid int, @transdate datetime, @sycampusid int, @before money

set @arbalance = 0
open c
fetch next from c into @ssn, @systudentid, @transdate, @type, @sycampusid, @amount

while @@fetch_status = 0
begin

set @arbalance = @arbalance + @amount
set @before = @arbalance -@amount

insert c2000_utility1..tempbalhistory1
select @systudentid systudentid, @sycampusid sycampusid, @transdate transdate, @amount amount, @type type, @arbalance Arbalance, @before BeforeBalance
where( convert (int,@amount) <= -50
or @amount * -1 > @before * .02)
and @type = 'P'




fetch next from c into @ssn, @systudentid, @transdate, @type, @sycampusid, @amount
end
close c
deallocate c
fetch next from Q into @id

end
close Q
deallocate Q


select * from c2000_utility1..tempbalhistory1
truncate table c2000_utility1..tempbalhistory1