<p>ohio_mom: you are awesome. I’m so totally baking cookies for you (when I have time, eventually…this might be June…) and mailing them. Or…I dunno. They don’t send too well through the DSL line, do they?</p>
<p>(oh, and everyone else is awesome, too. I just can’t commit to baking you guys cookies, yet.)</p>
<p>Anyhow, for me, the main problem is Chicago’s definition of “demonstrated need.” My family earns around 95,000, so a 40,000 EFC is definitely on the high end (well, if you include the “proposed” federal loans, then it’s 35,000), although it could probably be possibly painfully managed.</p>
<p>But I won’t be getting any money from my parents for college. So. I’m screwed.</p>
<p>For current U of C kids: how much subsidized federal loans did you guys get? Mine maxed out in both categories (Perkins and Stafford), but I’m thinking if my EFC is so big, I probably don’t even qualify for that much federal.</p>
<p>For the parents/responsible/clear-headed types: what’s a reasonable limit for taking out private loans? (I’m thinking right now that 140,000 in private loans after four years is completely outside of the realm of “reasonable”)</p>
<p>Thanks everyone!</p>