<p>*I’m still not sure on my parents borrowing a lot money. </p>
<p>How much would those loans end up coming to after around 4 years? *</p>
<p>So, what are you considering? Are you considering having your parents take out the Plus loans, but have them become your responsibility? Yikes. </p>
<p>The problem with that is that those Plus loans are unsub and will accrue lots of interest while you’re in college. So, by the time you graduate, their Plus Loans will total to more than their original amount. I don’t have the right loan calculator here to figure what the new balance would be based on borrowing about $22k in Plus loans over a 4 year period. </p>
<p>Adding to that, you will have your own Stafford sub and unsub loans to pay for (those unsubs will also grow while you’re in college).</p>
<p>Are you considering living on campus for one year and then living at home for the other years? If so, that might reduce your loans. Have you asked Loyola how your aid will change if you live at home in the future?</p>