Accept Offer, Pay deposits.... now what!

Paying for College
1

So - we are accepting the school offer tonight ($300) and the housing ($200)

We are planning on applying for a PLUS loan, since that is the one we are most likely able to get with poor credit (and high debt). We are current on most accounts and 30-60 on one, but in poor shape, but working our way out!

In the meantime - What is the next step?

Daughter is taking out 2 loands (The $5,500 total) plus us for 20k or so for ULowell.

Thanks!

2

Why are you doing this when you can’t afford it? It would be better to start at a Community College and then go to UML

3

Start paying on the loan.

Some loans begin immediately repay requirements.

4

Agree with Erin’s Dad. If you’re in poor financial shape, have poor credit and high debt, why dig yourself in deeper? Are there any more affordable options, such as a community college or other school the student can commute to?