One screen said denied due to adverse. Then the screen prompted a next button. I clicked next and got a screen saying approved due to a credit check by Equifax. Both screens’ infos showed up in loan docs.
@apraxiamom, if you are denied from Plus loan, then your son can borrow an extra $4,000 next year in student loan.
Will that help?
That sound confusing…one screened denied- one screen approved.
That sounds confusing…one screen denied- one screen approved.
Yeah, I know. That’s why I called for clarification. It’s been a roller coaster of a day, but I’m glad it’s not July (school financial deadline is 7/15). Hopefully a better day tomorrow.
Hoping for a better day! Please let us know the outcome.
S told us at dinner that one of his group of friends was accepted at Cornell and will be going up for accepted students day while S is at Ithaca’s.
Well, good news here, I suppose. The state-wide teacher walkout is officially over, and D’s school starts back up on Tuesday. Details regarding making up time lost is yet to come. They missed eleven school days.
Her college was cool about the teacher walkout. They said as long as they have her final transcript before classes start in Sept, it’s no problem. Even so, it’s good to know D WILL finish out the school year, even if not as originally planned. Good thing cuz we’ve been planning a heck of a graduation party! :D/
Oh boy…this PP loan talk has me nervous. Just starting to figure out the amount we will need, do not have a contingency plan for if we are denied. Was taking out a small amount this year as we are using some 529 money but have debt we want to pay off. The PP would cost less than the current debt so thought we would borrow some money for college pay down the cc debt. Figured I have a little time to get it worked out but maybe not if everyone will be applying after May 1st. Will work on it this weekend. Trying to get in the best position for two years down the road when we have two in college.
Enrollment deposit made, so now it’s official: DS will be going to Notre Dame!
He got it down to ND, Rice, and USC. Showdown was Rice (dream school) vs. ND. He had a great scholarship visit to ND, yet seemed unable to let go of Rice (which met need but he’d need to take out a loan). Then he got merit at ND and then his final FA (freakin’ awesome) package came in, and he won’t need to take out any loans, at least for the first year.
I am counting my blessings, and you my CC friends, are high on the list! Thanks for sharing your stories and information, and for the general encouragement I’ve seen so freely given this thread. Hugs to everyone!
Wow @hafamama Congratulations to your S and to you!
@hafamama - Congratulations to you and your DS! Go Irish!
Congratulations @hafamama!
Need help! S is bright (34ACT, mostly 5s APs) but a procrastinator and not a hard worker. Very late bloomer too (didn’t start growing till 10th grade). But talented (5 yr mock trialer/attorney/captain - team is going to nationals in May, captain of winning chess team, beautiful singer/All State and auditioned groups, etc.). He attends rigorous prep school and gets by with low-mid As in subjects that don’t take time or that “click” (calc BC, AP bio, etc.) and Bs in anything writing related (writes night before) or that he says “doesn’t click” (i.e., "would take him hrs to “get,”"AP phys C). We have younger kids at same school who we see doing WAY more work than him (and they get better grades).
Question: would you pay full price (we don’t qualify for aid) to let him attend “best” (highest ranked/standardized scores in his range/more intellectual vibe) school he got into, which he loves?
Bc of his lack of work ethic, we selected almost all colleges where he was at/above 75th% and which gave merit aid. Luckily he got in, with merit aid, to all. He picked a few no merit aid schools to apply to as well and got into the one he loves.
Lots of parents are telling us we should let him go to that school, particularly other mock trial parents who’ve watched/known him over the years. They say lots of boys are this way. Parental guilt makes me wonder if we should. Or, do we send him where he got the merit and is toward top of incoming pool (at least by test scores). These are not bad schools btw! Just lower enough ranked that they give merit aid to pull in some higher stats kids. Our concern is that he won’t do well where everyone else is equally as “smart” but also works hard. On the other hand, he seems to be drawn to the lowest common denominator. And, I really want him to develop a work ethic, something I consider much more important than natural talent. “Hard work beats talent when talent doesn’t work hard.”
Thanks for your insight!!
@havenoidea First of all, congrats to you as parents on this accomplishment! But let’s remember that “Lots of parents” won’t be writing those checks or signing off on those loans. As they say, “You do you.”
@havenoidea If you cared enough to have him apply to schools where he would get merit that must have been important to you.
Will it affect any younger siblings’ opportunities, the security of your retirement, or impacts your lifestyle enough to cause you stress if you paid full price?
If the education would be similar, what future opportunities like grad or professional school might you lose the chance to help with (if you wanted to) if you spent big bucks on undergrad?
Those are the things I’ve thought about when comparing the costs of colleges.
@droppedit, where did you find that UGA added a $2,000 scholarship to Zell? I can’t seem to find that announcement. By the way, congrats on your daughter’s final decision on Alabama. Looks like a great opportunity for her.
@havenoidea - congrats to your S. What GPA does he need to maintain the merit? I would take that into consideration too. Even if he is at top of pool, the school may still be challenging - especially if he is going in a STEM direction.
How big of a cost difference?
@Nomorelurker – D18 got email about a change and looked in the portal. I see that some others had updates in the UGA board here on CC.
@havenoidea Popping in from the 2019 thread because we could very well be in the same boat next year. Trying to decide NOW if there are schools we would be willing to pay full price for. So, I hear you. When is it worth $280,000 instead of something much less? Only you can answer this.
Look at his major (if he has one). Look at his priorities (small classes? certain types of research? location? job opportunities after undergrad? graduate school placement?). If there are differences, are they worth the premium? Figure out the exact difference in cost for four years and then ask yourself that question. Is “x” factor worth “y” amount of dollars?