Never taken out a loan before - Need help/advice
So I'm transferring to a 4 year institution this fall and my estimated cost of attendance is $24k/year. I have around $8k - $9k in scholarships and grants. My tuition is $6,470 but IIRC, the Excelsior scholarship should aid me in that. What I'm worried about is paying for room and board. It's estimated to be 13k/yr.
I don't know if I need to take a loan out for this if I can use my TAP and Pell Grant towards Room and board. In the case that I do need a loan, how much should I take out? I've been offered $3,500 for Direct Subsidized, $2,000 for Unsubsidized and $10,700 for Parent Plus. I've been told to avoid Unsubsidized as you accumulate interest the moment you start classes. I don't want to take out more than I need so if anyone could assist me, that would be great