<p>What is the average fin aid package? Is it rare for a student who can only contribute at most (and I am being really, really, really flexible here) $2000 for the year to receive inadequate aid? I am just worried that despite the fin aid given to me, I still won't be able to afford it? Anyone with the 411?</p>
<p>I can only contribute about 6k/year for school and Tulane gave me 24k + 3k loans, leaving me with that extra 12k/year to pull out of my ass. </p>
<p>That doesn't seem very fair (stupid stepparents)</p>
<p>so how are you going to pay the remaining difference?</p>
<p>actually, my college fund is quickly outpacing the difference, so I'll wait until the very end to pay off my loans with my college fund (you can wait 'til 9 months after you're no longer enrolled part time to start paying them off). You might think of doing something similar.</p>
<p>Matta...wow how much do you have ot have in your college fund to be able to "outpace the difference" of 12k a year? I have like ...$720 in my name in my back account. It wont do squat for me. =D</p>
<p>I must be misunderstanding what "college fund" means. (What is it?)</p>
<p>a college fund is usually a bank account that has money in it for the sole use of paying for college, most college funds have been added to since birth or a young age and accumulates over time</p>
<p>It makes sense that it can outpace the difference if the interest he is earning on his savings will outpace the interest payable for the loans.</p>
<p>my 'college fund' is a high-interest mutual fund.<br>
Throughout my college career, we will be paying money into that instead of paying off the college loans that don't need to be paid off until the very end, and even then at a very low interest rate. Even if you have $720, if you can afford to pay into investments, do that instead of starting to pay off the loans. </p>
<p>--that's what I meant. and if your 'college fund' is 'savings' you're kind of getting a raw deal, as the interest is so pathetic on most savings (inflation is usually much higher);</p>
<p>plus, I'm selling my car and putting that in my college fund (+$4,500).</p>
<p>ah thank you</p>