Got a need based scholarship, but. . . ????

thumper1
Wed, 30 Mar 2016 22:53:30 +0000

What will happen when you get a bill…and you can’t pay it? You will be required to withdraw. If you have completed any courses, your school will not release a transcript for you to transfer (and that would be required) until your bill is paid in full.

younare being very short sighted about this.who cares about what you THINK others are doing to pay for college? That doesn’t matter one bit. You need to concern yourself with how YOU will pay for this $45,000 that will be expected this year from your family…that cannot afford this at all.

To be honest, you are not thinking this through at all. You are hoping that it will work out because supposedly “everyone” is doing it. Well guess what…everyone is NOT taking out $45,000 a year in loans, and certainly not folks in your income bracket.

It sounds like you have made up your mind and are digging your heels in…but really…the bill will need to be paid.

Just for the recorded…we did the monthly payment plan…and paid almost $3000 a month for the better part of 7 years when we had our kids in college. BUT our income was able to support paying this bill every month without any parent or oarent cosigned loans. Your family income can’t do that.

If you didn’t complete the Calgrant application process (and it sounds like you didn’t), your best bet is to take a gap year…and try again next year. Apply to a broader list of schools including a Cal State to which you could commute…or a UC where you could commute. Without room/board costs, these schools might be affordable between your Calgrant, Pell Grant, and Direct Loan…and a job.