<p>hi everyone. i was wondering how much of an impact financial status has on college admissions. so far, i have gotten into UCR, UCI, and UCSD but my family has low income ($24,000 ish, i’m asian and my parents are immigrants). for UC schools, the tuition is about $20000 which happens to be about my family income. is there any way that i will be able to pay for college besides scholarships and loans? also, is there any specific aid that i can request or apply for? </p>
<p>i have applied to MIT and Caltech as well but was rejected from MIT. still waiting on Caltech though.</p>
<p>I’m going to assume you’ve filled out the FAFSA? So, you should be getting a financial aid package in the mail shortly. If you have not turned in the FAFSA, do it now.</p>
<p>everything will be on the financial award packet in each school…im in the same position and waitng for my award letters to come…hopefully you applied for financial word study in fafsa because that money is not taxable income and will be part of your award…
I applied to some private schools and i think studen loans will be unavoidable…Look what someone sent me
As a consumer credit advocate (one of my side hobbies / volunteer work), I would strongly recommend to avoid student loans if at all possible. There are people out there who can’t recover after sustaining massive students loans (it starts small, but it snowballs if you aren’t careful. And just for reference, student loans cannot be discharged at all in bankruptcy if you ever have to go there. So you’re absolutely stuck with it until you can pay it off in full). Go for grants / scholarships / work-study first (which do not need to be repaid) and go for loans absolutely ONLY as a last resort.</p>