When do I have to accept the financial aid?

Hammad80
Thu, 07 Mar 2019 06:16:08 +0000

Hi guys,
So after I got accepted into UC:R, they sent me my financial aid package. I have a couple of questions about that:

(1) They estimated the total cost of attendance to be ~$37,000 (I will have to live on campus) for the year. However, on the financial aid overview, they provided amounts for 3 different seasons for the 2019-2020 school year (I believe fall, winter, and spring). Is the total financial aid for the year the combination of them all?

(2) When do I have to accept it? May 1st is the deadline for admission response. I wanna know what other colleges I get into before making any decisions.

(3) If I have to pay ~$6,000 - $7,000 a year out of my own pocket (and I’m offered $7,500 student loans from UC:R), is that a good deal? Again, I’m looking at other options, but I wanna know if this would be a good safety net choice.

Thanks.