where do I stand in terms of debt?

Paying for College
1

<p>Hello. I am transfering to the university of montana in the Spring. I have 78 credits which transferred, but they say my expected graduation date is Dec 2013 (although, I intend to take a full load). The major I want is a BS in forestry (resource conservation), and a certificate in GIS technologies… I was considering CS, but that would be overwhelming (actually impossible because I’d need to take 85 credits in math and science), and I’m not good at math.</p>

<p>I have the post 9-11 GI bill for 12 months (that covers 90% 0f tuition/ fees, plus I’d get $900/ month for living expenses (I could pocket and save $300/m).</p>

<p>It is 90% because I only served 34 month after 9-11, not the 36 they require.</p>

<p>This is the cost of attendance by term:</p>

<p>Cost of Attendance Component Amount</p>

<p>Books and Supplies $475.00</p>

<p>In-State Tuition $2,793.00</p>

<p>Loan Fee Allowance $37.00</p>

<p>Living Expense Allowance $2,400 </p>

<p>Total: $5, 705</p>

<p>I have been awarded $2775 in FA for spring (low because I’m not attending fall)</p>

<p>So for this term, I’ll end up pocketing about $3700.</p>

<p>Once the GI bill runs out, I intend to so work study/ scholarships and internships. (loans aRE A LAST RESORT)</p>

<p>So, does it look like I’ll have no loan debt once I graduate?</p>

2

<p>Is your EFC low enough to get full Pell?</p>

<p>*Once the GI bill runs out, I intend to so work study/ scholarships and internships. (loans aRE A LAST RESORT)</p>

<p>*</p>

<p>I don’t know how much you can depend on scholarships and internships. Scholarships are hard to get as a transfer student. </p>

<p>Submit your FAFSA each year as early as you can for best chances at Work-Study and any other aid the school may be able to offer.</p>

<p>Is that instate tuition amount per semester or per year?</p>

3

<p>Here are the annual costs for UMontana for the current school year (each year will be higher).</p>

<p>Annual College Costs ( Fall 2010 ) </p>

<p>In-state tuition and fees: $5,476
Room and board: $6,860<br>
Books and supplies: $850 (this may be lowish)
Estimated personal expenses: $3,700 </p>

<p>I’m guessing that you’ll be living off campus. is that right? If so, is the room and board estimate OK?</p>

<p>BTW…thank you for serving our country. :)</p>

4

<p>M2CK, $2775 is a full Pell grant for one semester of study.</p>

<p>How many semesters will the GI Bill cover for your? It doesn’t seem that it would be on a calendar year basis but, if it is, can you maximize your benefit by taking summer courses?</p>