<p>I got my Estimated Financial Aid Package from UFC.</p>
<p>MY & MY FAMILY’S EFC IS 0 (I AM DEPENDENT)</p>
<p>TOTAL COST: 42500</p>
<h2>TOTAL GRANTS: 9987</h2>
<p>TOTAL LOANS I HAVE TO TAKE IS LIKE…33000!!! </p>
<p>ARE THEY KIDDING ME???</p>
<p>At least they gave you almost 10K in grants.</p>
<p>That’s 10K more than they’re giving me.</p>
<p>The point of Finaid is to make the education affordable, not free.</p>
<p>Yeah, 33000 a year is real affordable for most familys…</p>
<p>Thats graduating 132,000 dollars in debt assuming you don’t do any graduate or professional schooling afterward.</p>
<p>Seiken, 33,000 a year for someone with an EFC of zero (which is around $30,000 to $40,000 a year income I think) is hardly affordable.</p>
<p>Soccer_guy472!!! No!!! No!!!</p>
<p>An Efc Of Zero!!! Is For Families Who Have An Income Of Less Than 15000!!!</p>
<p>Even worse…yet Seiken pops in with a callous and elitist remark.</p>
<p>Tough luck man. Maybe try to apply for some scholarships?</p>
<p>I don’t have a 0 EFC but I’ll be finishing undergrad 85,000 in debt, so I can relate to some extent. </p>
<p>I had no idea a public school could be that costly. Things shouldn’t be like this. Good luck.</p>
<p>Illinois sucks as a state. It’s only liberal minded because of chicago, but all the policy makers are ahole republicans that don’t give two craps of whether or not your child succeeds. </p>
<p>Taxes here are dismissal. We have problems with the buses and the trains and it goes on and on. </p>
<p>My brother is in state, of course, and he applied. He got accepted. Our efc is like 9000. We’d end up getting about 25000 a year in loans if I read it right (probably didnt)</p>
<p>What’s UFC?</p>
<p>U of I has become very expensive over the past few years. I’m an IL resident and the full COA is like 27K</p>
<p>The whole idea of colleges offering loans as a form of “financial aid” is a joke at best, and more realistically an insult.</p>
<p>Offering someone loans does absolute nothing to help them attend the school, unless said loans are interest free. There are literally thousands of private organizations that exist solely for the purpose of offering loans to college students. And many of them are offered at lower interest rates then the schools offering anyway.</p>
<p>I’d get rid of the words “Financial Aid” in the subject of this thread and make it a more general statement.</p>
<p>I’m there right now, applying to transfer out, so I’m not some random person who doesn’t know anything about the school.</p>
<p>I have 35k per year in loans myself. </p>
<p>I know its a ***** to handle, but there is a difference in demanding money up front that expecting it via repayment later in life. I understand the pain of graduating with that debt, and in all honesty I probably would opt for a more affordable path. </p>
<p>However, I would never, under any EFC, expect a totally free option. And while I do think you got boned by your finaid offer, at least they found a way for your to attend.</p>
<p>Sorry to hear that, m.kenien. 
</p>
<p>Though hmm, I have to say, I figured that public school + being out of state + a transfer student would be a significant disadvantage in general when it comes to receiving financial aid. Is that typically not the case then?</p>
<p>I applied USC - I hope they have a good financial package.</p>
<p>Seiken… a 10000 in loans per year is ok… but 30000 for a public school is way too much!!!</p>
<p>“However, I would never, under any EFC, expect a totally free option. And while I do think you got boned by your finaid offer, at least they found a way for your to attend.”</p>
<p>He never said he expected a “totally free option” he just commented that their financial aid package was terrible considering his EFC. And how exactly did they find a way for him to attend? How is someone whose family is making less than 15K per year going to pay $33000 a year in college tuition!?</p>
<p>Not going to happen even with loans, and any loans they offer him aren’t a gift because there are thousands of private companies who give the same loans to the same kids at lower interest rates then the the school does.</p>
<p>The idea is that he pays off his loans after he graduates, not that his parents pay off the loan. Or are these parent loans? If so, thats horrific. But either way, OOS public school education is never expected to be cheap. As far as the government is concerned, going to your instate school is fine, and that is probably the reason why the OP got loans instead of grants. </p>
<p>And its not that I dont feel bad for the OP; I do. But saying that a finanicial aid is terrible is too much when they at least made it so that you could go there. Its the price you pay when you jump ship and go to a different state for public-style education. Its comparable to municipal bonds.</p>
<p>i agree with seiken.</p>
<p>the degree is worth the money</p>
<p>"And its not that I dont feel bad for the OP; I do. But saying that a finanicial aid is terrible is too much when they at least made it so that you could go there. "</p>
<p>They didnt make it so that he could go there. Theres thousands of private organizations that loan students money at lower rates than the school does anyway. He could have gotten atleast the same deal easily even if the school didnt offer it.</p>