|
Affording school
I've been accepted to my first choice college. It's pretty expensive and I know I'm going to need financial aid and loans. I'm really stressed out because I really want to go to this school. So far I have only qualified for one scholarship and I'm pretty sure that's the only scholarship money I'll be getting. I'm not sure what to do. Is it common for students not to go to college because of money or can they work things out? I won't find out my financial aid status for awhile. Is it possible to get large loans for school if you or a cosigner has good credit? I'm extremely worried about it. I really want to go to college. Any ideas/opinions? Thanks!
[ ]
Want to answer more questions in the Work & School category?
Maybe give some free advice about: Colleges & Universities?
Don't worry, SOO many people are in the same boat as you. Lots of people have to take out loans, and that's okay.
College is considered "good debt". It may hurt you financially, but that's temporary. It's a wise decision because it creates value and you benefit from it (you get an education and job for the rest of your life). Depending on the type of loan you get, you usually don't have to pay until after you graduate.
NEVER let money stop you from getting an education. My aunt came from a VERY poor family. She had to take out so many loans, but it paid off. She's now a retired doctor (because she's a millionaire, I'm dead serious!).
You are very lucky that you got into your college of choice because not everyone can do that. I didn't even get into my first choice, so I would die to be in your position! Congratulations!
Good luck and I hope you do choose to go to that school.
]
I'm in the same situation you are in. I was accepted to my first choice and I don't know how I'll pay for it.
If you'll be 18 before school starts ten you can get a loan, especially if you or a co-signer have really good credit.
I won't be 18 so I have to find someone to co-sign a loan for me - I don't have anyone who will do that either.
If you can get a loan or have someone co-sign one for you then you should be okay. Just make sure you apply for a FAFSA (the deadline is in about 2 weeks), if there are any other scholashiprs (go to www.fastweb.com and register)or any other places you can get money then I would do so now.
It at all possible, live at home while attending college. If the college you plan on going to is far away then you don't have that option, but if you can - living at home will save thousands. At least for the first year.
Worst case scenario - go to community college your freshman year that way you can save up some money, then transfer to your dream school. A lot of my friends are doing that.
Just remember, whichever college you actually graduate from (your senior year) is the one that goes on the diploma. You could take three years of community college and transfer to Harvard your senior year - to the world it will appear as if you're a Harvard graduate, which you would be...
]
More Questions: |