How much are YOU taking out in Loans.

Paying for College
1

<p>This could be fun and depressing.</p>

<p>So how much does everyone plan on taking out per year?</p>

2

<p>Depends on how much aid we get!</p>

3

<p>woops i meant to say for those who do not qualify for need based aid!</p>

4

<p>i hate it when people make these threads and put YOU in all caps. i feel like i’m being…interrogated. because the all caps indicates you’re raising your voice. Point: STOP DOING THAT(yes, i used all caps on purpose).</p>

5

<p>I got a pretty good fin. aid package so I only a a grand in a student loan. I got tuition, room and most of board with schoarships. I’m pretty happy that my parents aren’t having to take out a loan this year. I figure I’ll max out federal student loans every other year and my parents will be more able to pay for college in a couple years. I just hope that I have the same situation next year to take pressure off my parents.</p>

6

<p>thankss for that useless info Greenday…just dont answers howsabout?</p>

7

<p>um it’s not really useless. i think writing “YOU” in all caps is useless. and i didn’t answer, i made a comment. i’m kinda allowed to do that due to the first ammednment :]</p>

8

<p>^</p>

<p>greendayfan is a pretty smart poster who was just expressing their opinion. </p>

<p>Gosh.</p>

9

<p>thank you merlinjones. you’re pretty smart yourself.</p>

10

<p>We’re fortunate to have “zero” loans for my son’s first few years of college. His scholarships have been a blessing!!</p>

11

<p>Q:How much are YOU taking out in Loans.
A:ZERO</p>

12

<p>we did need to take out loans to help us cover EFC-
student also did have to take out small subsidized loans as part of her finaid package
rest was covered
over $22,000 a year in grants</p>

13

<p>In total I think we, together took out $80,000-90000 after 4 years, May '06 graduation. I forget the total. Our outstanding is something little less than $70,000. THIS IS NOT RECOMMENDED.</p>

<p>We approached this as a cash flow issue. We enjoy a very low interest rate and attactive amortization. We also have the ability to pay down the loan rapidly as we paid down the loans while S was/is in college.</p>

<p>I am still uncomfortable in paying the loans when 50% is interest, however because the APR is so low, paying the loan off early is not beneficial. The Theory of Wealth Management is a only a theory.</p>

14

<p>i apologize for using “YOU” in the title of my thread. I could understand how this could really really annoy someone. yep.</p>

15

<p>My parents took out a PLUS loan to cover their “EFC”. They only did it for this year, may not do so next year dependent on their financial status.</p>

<p>The rest is paid for in scholarships/grants/loans/work-study. I’ll be graduating with debt, but it will be in subsidized stafford loans, and low interest Perkins loans. I’m estimating 15-20K in debt, which is manageable.</p>

16

<p>thank YOU ace</p>