In State or Out of State

austinmshauri
Wed, 19 Aug 2015 20:59:34 +0000

Going $90k into debt for undergrad isn’t a good idea, especially when you have very good schools available for so much less. How much money will your parents be able to pay? Low income families may qualify for up to $5k/year in Pell grant money and all students can get a yearly federal student loan of ~$5500. Add whatever your parents can pay/year plus your summer work earnings and that’s your budget. Then find schools that fit that budget. Don’t look for schools you “love” then figure out where to borrow to pay for them. I think that (in most cases) if you have to look for more than the federal student loan, the school’s too expensive for your family.