Finanacial Aid and Need Based Grants

Compscitechguy
Thu, 28 Nov 2013 16:10:19 +0000

I was wondering if it was worth it to take out about 6,500 dollars worth of Stafford loans for my first semester at a University. Some of it is subsidized and unsubsidized. I already qualified for Pell Grants and I will receive about close to 3,000 worth of pell grant for this semester, but since it’s so late in the year and Spring 2014 is my first semester at the school, I missed out on the other need based grants and will be stuck taking out these Stafford loans that I mentioned earlier. Do you think it’s worth it? Considering that I come from a very poor background? I would stay at home instead of worrying about room and board, but I don’t really have transportation to get to and from University everyday. This is my only option. I’m leaning towards doing this with the hopes of applying earlier next year for grants and other financial aid, so I won’t have to take out so much in loans the fall semester. The loans don’t really scare me, but the interest rates scare me for the unsub loans, and the fear of not making it in my major of computer science. What do you guys think?