I am currently a freshman and am deciding whether or not to transfer to a CC after my first quarter at a UC. I have taken about $15,000 in loans from Parent-plus, subsidized and unsubsidized. If I transfer what happens to my disbursements and how does the paying back situation work? Does some of the money just not distributed to me because a CC is cheaper?
$15k for the year? Or for the quarter?
You should transfer because you’re borrowing too much. Your loans will be on hold while you’re going to school.
CC is cheaper so you’ll get less.