<p>Well, he got accepted in University of Florida but they only gave him i think about 5,000 worth of financial aid ($3000 of it is federal Work Study). His mother can’t pay it all because his sister goes to a University also so it is a lot to pay. But he was thinking about going to Florida Atlantic University. Although he didn’t get a lot of aid from FAU he was planning to stay with his aunt that lives about 15 mins. away to save money. Now he doesn’t know where he wants to go. Should he stay at UF b/c the education is better and take out thousands of dollars worth of loans or go to FAU where the education is OK but he will be saving a lot of money? What would you do?</p>
<p>He can should think about how much debt he can handle after he graduates and what the job availability and starting salary is likely to be. He could always start out at FAU and transfer after a year or two to keep his debt load manageable. </p>
<p>He’s probably only eligible for a $5500 Stafford loan next year. Anything else would actually be his mom’s loan or at least one she cosgins for. How much is she willing to commit to his educaiton? </p>
<p>There’s a loan calculator, and info on education loans, here:
[FinAid</a> | Calculators | Loan Calculator](<a href=“http://www.finaid.org/calculators/loanpayments.phtml]FinAid”>http://www.finaid.org/calculators/loanpayments.phtml)</p>