<p>Anyone here planning on getting a private student loan to cover the remaining costs? heh sorta scared about the amount of debt i could be in after i graduate… dont have any problem payin it back just scared i CANT pay it back because of my salary… word of advice (including me lol) we should check the average salary we would get if we graduated from kelley and also look into the monthly payments we would have to dish out to pay of the loans ( also consider taxes, living costs etc.) cuz if the salary we make aint enough then maybe IU isnt worth the risk? just lettin people know, THINK carefully!!! gud luk people</p>
<p>Dcho - Have you looked into Residence Scholars? I know there are openings, and instead of paying 6K for a room, it’s 2K. An extra few thousand there.</p>
<p>Have you sent in your deposit? Honestly, I don’t know why you are turning down UCLA.</p>
<p>i understand but I seriously wana go to IU and i tink its got everything im lookin for and in terms of job prospects/education its gona be the same really and it will largely depend on how well i do and not the school name… ucla is prestigious but it is a bit overrated and even if i went to ucla, im still going have to loan out 7500 or around there which is only a 2000-3000 difference from the amount i would loan for IU and if i dont get into their biz econ program which is tough, im screwed… i rather take my chances at IU where i know i have a spot and all i gota do is study hard. it was a tough decision no s**t! i mean cmon its ucla(rank 25) compared to IU(rank 75) and i know rank really isnt the onli criterion to choosing a school but you know what i mean. But after visitin IU, im really liked it and id rather spend my 4 years there than at UCLA, i mean college is once in a lifetime oppurtunity right? so isnt it be beter that i go to my dream school than go to another school just because that other school is more prestigious and what only slightly cheaper??? i dont want to be at UCLA one day walkin to my classroom and think, " what if i had gone to Indiana just what if…" IU may not be you’re dream/#1 school but I invested my time and research on this school since last summer and i had a gut instinct this school was it. besides my AP credits dont really transfer well at UCLA for the biz econ. program and i gota take all the pre-req. all over again compared to IU where pretty much the majority of my AP’s and even my sat verbal score allows me to get credit or skip some classes. </p>
<p>besides like i always hear on this website, if IU kelley is as good as everybody says it is, i shouldnt have a problem payin of my student debt right??? :)</p>
<p>and my parents are like ooo if u go to ucla you can come home every day or every weekened instead of stayin in the horrible residence hall and im like hahaaha helll no i love you guys but ima need some space when i go to college and i wanna be more self-reliant and try to figure things out on my own… college is the time when you have an excuse to live someplace new or “exotic” (if tats what you want…) and really explore and get out of you’re comfort zone and im doin just tat, gettin out of my comfort zone/bubble and goin from sunny california to ________ Indiana ( ______ = i didnt know what to put here)</p>
<p>Yeah it really sounds like IU is the place you want to be, i’m not going to suggest going where your heart isn’t at.</p>
<p>DCHO, maybe I forgot to mention this, but the average salary of those coming out of Kelley is $45,000, and they said that’s higher than the national average of people coming out of other business schools.</p>
<p>great, so i shouldnt have a problem payin of the loans</p>
<p>Are you only taking out 10K total, or 10K each year?</p>
<p>each year, also could very dependin on if i get any more scholarships or not but year basically ima loan out 10k a year in private loan. ucla would be about 7k a year</p>
<p>if i do loan out about 10k a year, tat would cover only tuitions & fees, room & board and other required costs i have to pay, the personal expense and travel costs i will probaly pay by workin part time (federal work study) and any other extra costs i might have to pay, my parents will cover. They are goin to cover part of the tution as well which is why im loanin 10k. ive broken it down like a million times, so im sure im not missing anything :)</p>
<p>Sorry, about the deleted post. </p>
<p>So you have future tuition increases accounted for?</p>
<p>yea tat too, for freshman year they increased to 4.9% so we would pay 20464 for 06-07 and im expectin it to rise about $1000-$2000 each year.</p>
<p>You could also consider applying to be a resident assistant in a dorm after your freshman year. That gives you free room and board, plus $1200 a year, so it could save you about $8000 a year. If you did that, it would keep the loans down to a more reasonable amount. (That’s why my son is doing it.) It can be a fair amount of work, but my son figured it out and it was better than a part-time job.</p>