College Confidential - View Single Post - Is It Worth It? Indiana University Bloomington

SoCal18 · 12-02-2007, 09:01 PM

I just wanted to give you guys a breakdown of how I came up with the 60-65k in loans.

Well I have a $12,000 college account that is going to go towards personal and travel expenses. And my parents don't make a lot of money, and since my brother is enrolled in a college, my EFC is cut in half. I'm not sure, but I think it is only a few thousand. So pretty much that is going to cover books and supplies.

So if you combine the $22,316 tuition with the $6,676 room and board...a total of $28,992 emerges. On average IU meets 66% of need, and 47% of that in grants/scholarships. So statistically speaking they would cover $8,993. So then the total decreases to $20,000. I figured I could make around $3,500 over the summer with a job or a paid internship. So that decreases to $16,500, and I think my parents could take that down to about $15,000/year....thus resulting in $60,000 in loans.

I don't want to become an RA, because I plan to rush and maybe join a fraternity, so that isn't an option. But I think I would really like to become a tour guide. So hopefully that should cut down the total a bit.

I'm also looking into cancer scholarships as both my mother and brother have had cancer, but I can't seem to find any.

IU didn't offer me any merit-based scholarships, but maybe they will surprise me and give me some other award.

Thanks...

12-02-2007, 09:01 PM	#35
SoCal18 Senior Member Join Date: Mar 2006 Posts: 1,648	I just wanted to give you guys a breakdown of how I came up with the 60-65k in loans. Well I have a $12,000 college account that is going to go towards personal and travel expenses. And my parents don't make a lot of money, and since my brother is enrolled in a college, my EFC is cut in half. I'm not sure, but I think it is only a few thousand. So pretty much that is going to cover books and supplies. So if you combine the $22,316 tuition with the $6,676 room and board...a total of $28,992 emerges. On average IU meets 66% of need, and 47% of that in grants/scholarships. So statistically speaking they would cover $8,993. So then the total decreases to $20,000. I figured I could make around $3,500 over the summer with a job or a paid internship. So that decreases to $16,500, and I think my parents could take that down to about $15,000/year....thus resulting in $60,000 in loans. I don't want to become an RA, because I plan to rush and maybe join a fraternity, so that isn't an option. But I think I would really like to become a tour guide. So hopefully that should cut down the total a bit. I'm also looking into cancer scholarships as both my mother and brother have had cancer, but I can't seem to find any. IU didn't offer me any merit-based scholarships, but maybe they will surprise me and give me some other award. Thanks...
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