Colleges like UChicago

prezbucky
Thu, 11 May 2017 02:54:53 +0000

Folks with more financial aid experience can check this, but I figured we should try to figure out if you can afford the schools you like.

So – your parents can pay $15,000 per year and you might make $3,000-$4,000 at a summer job after taxes. That’s $18-19k.

If you are still short of the COA, you could take out up to $5500 in federal loans your first year, and like $7000-$7500 each year thereafter. (obviously, doing it without loans would be best… but they are there if you have to use them to attend the right fit)

So I think you can afford a COA of about $23,500-$24,500 the first year, and a bit more after that.