Parents with bad credit?

2013dreamer
Thu, 23 Aug 2012 16:47:01 +0000

I went to the USD net price calculator and it allowed me to see the probable contribution my family and I would have to make. I’m from a low income family and even with the aid (including merit scholarships and grants that I would qualify for) it was calculated that my family would still be expected to pay $27,000 each year for my education. That would be 3/4th of my family’s income. It says that this portion is usually paid with Parent Loans and outside scholarships. My parents would never qualify for a parent loan as I know their credit is quite poor and I don’t have any outside scholarships. Does this just mean I wouldn’t be able to go to that school, if accepted? I find it hard to believe they still expect the family to pay such a large amount when they simply cannot afford it. Your input would be very helpful.