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Massive loans @ MIT vs. full ride at UMD

mikimikimikimiki Registered User Posts: 13 New Member
Accepted at my dream schools...
Swarthmore, MIT, Cornell, Dartmouth...

Except, I can't pay for any of these schools.
My family makes over $100,000, but we live in a highly expensive urban area. We don't have money for groceries. There is no way we could pay the EFC of ~$35000. The assets we do have are reserved for my parents' retirement.

I do, however, have a full ride at a good state school.

Is anyone in a similar situation?
It's so depressing in a way. I didn't take finances seriously when I applied to all of my dream schools.

I've been thinking about loans lately, but it doesn't seem worth it if I have a full ride at a state school and know I am going to graduate school.

What do you guys think?
Post edited by mikimiki on

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