Federal loans, what??

mom2collegekids
Mon, 02 Aug 2010 17:27:18 +0000

I think you misunderstood my question.

you will be responsible for your Stafford loans (which will total to about $27k by the time you graduate since they are bigger each year).

You suggested that your parents are going to “help you” pay for the $23k per year Plus loans. That will add up to $92k by the time you graduate.

So, you will be responsible for the $27k in federal loans and some/most of the $92k?

How much of that $92k will YOU be responsible for?

I realize that your family wants to pay down some of the loans in real time, but you will likely still have a big balance when you graduate.