Fall 2015 freshmen loan options

Susie1111
Tue, 31 Mar 2015 07:26:24 +0000

Hi, I’m entering my first year of college this up coming fall. The school im going to is relatively inexpensive, however, even with the grants and scholarships i recieved and the maximum Amlunt of federal student loans I can take out there still leaves a significant gap. The estimated fees for my school is around 23k I don’t plan to pay nearly that amount because general attendance fees is roughly 18k and the rest are personal fees. But with financial aid im receiving roughly 10k and with the maximum of 5.5k for federal student loans, I’m still left with roughly 5-6k including filling in the gap for attendence and living expenses. I’m pretty confused on the whole loan process. There are the parent plus loans and private loans but the interest for plus loans are pretty high and I don’t think I can afford to pay my parents for the interest every month. I just really don’t understand what I should do.