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Financial Aid
I got my financial aid package from Tufts today.
They're offering me about 37.5k for next year (out of an estimated 52k).
Problem is, that leaves about 15k for me to pay by myself.
I can't afford this and I dont' want to be knee-deep in loans by the time I get my Bachelors degree.
My question: is there any way of getting MORE financial aid or am I stuck with this?
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You could be eligible for Pell Grants and other aid. You need to check with the financial Aid center at Tufts and search the Web as well. You should ask you parent to check with their Human Resource department to see if their employer offers any family education aid. Some large employers do have this type of assistance for their employees.
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Congratulations, that is a wonderful financial aid package! There are a lot of other scholarships available that can be found on the internet at fastweb.com that you might search through. A lot of these require essays, but it is one option.
There is a lot of flexibility on paying back student loans these days, with terms that are much more reasonable than on other loans.
The other option of course is to find a summer job to save some cash and contact the student jobs office at tufts to find what options there might be to make some money while you are at school.
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For now, I believe you are stuck with this. But that is an excellent financial aid package for a college like Tufts. Though new laws have passed thanks to the Obama administration. So there may be more financial aid for you next year. Be sure and keep your grades up. That can be a factor. And you payment options have definitely changed for the better. After graduation, once you start payments, the payments are not supposed to exceed more than 10% of your disposable income. That would mean your income after taxes.
Also there is something you can do after graduation that may help you eliminate a large portions of your loans. So look these up and save the info.
Teach For America, if you join, they have a student loan forgiveness package.(as much as 70%) Public Service Loan Forgiveness, if you become a civil servant,or in other words, go to work for the government, you can find loan relief with this program. And Income Based Repayment Plan. That is also a government plan. There will be new plans to look at once you graduate. Hopefully the economy will be better and there will be lots of jobs by the time you graduate. Good luck to you. You are on the right path.
- Michele
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