<p>After financial aid, I might still have to come up with $30k a year at a four year school I want to go to. No help from parents. I will do anything to go this school, so cost is not an issue. I understand I can take $10k a year in Stafford loans, which leaves the remainder at $20k per year unfunded. Will private loans allow me to borrow this much with/without a cosigner? If I can't get a cosigner is there no way I can get a loan? I don't see the school or government saying, "Nope, no loan or financial aid for you. You can't go to college," when someone has an attend at all costs attitude like me.</p>
<p>recruit2013,
I’d give my left arm to live in a beach house in central California. I mean I want to live there at ANY cost. A 3 bedroom home that I’d need is conservatively around 1.4M. I could probably come up with 200K, so I NEED a loan for 1,200,000. My DH and I are professionals, both employed in the same job for 20+ years and make in the (very) low six figures. </p>
<p>If i explain to the loan officer that I want to live in this beach house Really, REALLY REALLY! bad, we’ve never paid a bill late, we’re exceptionally reliable and super nice people, but we have no collateral(sp?) and no cosignor, do you think they are going to lend us the money? </p>
<p>I know it sounds harsh, but given all the people who CAN pay the tuition for your dream school, tell us WHY would they (the school) loan you the money? And, if you’re talking about the government, why should taxpayers loan you that much money?</p>
<p>
</p>
<p>With a cosigner, yes. Without, no.</p>
<p>
</p>
<p>There is no way.</p>
<p>The general limit for freshman year for the Stafford loan is $5500. It can go up to $9500 if your parents apply for a PLUS loan and are denied.</p>
<p><a href=“http://talk.collegeconfidential.com/parents-forum/1459734-student-graduates-100-000-debt-pol-sci-degree-goucher-10.html#post15474133[/url]”>http://talk.collegeconfidential.com/parents-forum/1459734-student-graduates-100-000-debt-pol-sci-degree-goucher-10.html#post15474133</a></p>
<p>* I don’t see the school or government saying, "Nope, no loan or financial aid for you*</p>
<p>You don’t? Well, that’s the way it is. the gov’t has no interest in helping you with the huge costs of a private college education. The school isn’t a bank that finances the cost for you.</p>
<p>Going to a pricey school is a LUXURY. </p>
<p>Federal student loans are for the following amounts:</p>
<p>frosh 5500
soph 6500
jr 7500
sr 7500</p>
<p>you would need a qualified and willing co-signer to borrow larger amounts. And that person would have to be willing and re-qualify year after year. </p>
<p>No school is worth that much debt. no school is worth even half of that debt.</p>
<p>How old are you? If you are currently a high school senior, your Direct Loan (stafford) loan limit for your freshman year is $5500. Not sure where you got that $10,000 figure. In addition, you will NOT be able to take $25,000 in additional loans in your name only. You will need a cosigner for those loans. Parents are usually the cosigners. Are your parents willing to cosign $100,000 in loans with you? To be honest, they should NOT be too thrilled with that idea. That is WAY too much loan debt for undergrad school. Your payments would exceed $1000 a month PLUS another $300 or so for repayment of those Direct loans.</p>
<p>I’m sorry to say…this school may be where you want to go, but it sounds mighty unaffordable.</p>
<p>Recruit: You say on another thread that you already have a full-ride offer at another school. This is a no brainer - full ride v $120,000 in debt (if that’s even possible). Go with the full ride. Try to go to your dream school for graduate school. What do your parents suggest??? I think I know what they are saying. :)</p>
<p>You have a full ride at another school but you think it better to take $120,000 in loans? I would suggest that you really rethink this. Having NO undergrad debt is a huge benefit…huge.</p>
<p>There was a suggestion in a college financing book I read–start out at fully-paid option or even CC if necessary. Transfer into the dream school at junior year, only incur 1/2 the debt and get degree from that school. Have you considered that? Think it could work?</p>
<p>NJMOM2017,</p>
<p>I like your suggestion in certain cases, but in this case I don’t think that even makes sense. Even if the OP went for 2 years they are looking at a minimum debt of $60,000 (assuming the tuition will be $30,000 as they claim). But as many of us know aid for transfers is usually a lot less.</p>
<p>Also they would still have to get private or parent plus loans.</p>
<p>I thought I would pipe in seconding Thumper1’s advice about no college being worth $120,000 of loans, but got curious about the decide right now full ride and checked your public profile for other posts. Is it a typo that you were born in 1990? Kinda old for a graduating early high school junior tennis prodigy?</p>
<p>^^^ For those who are wondering what jtmoney is talking about, check [this</a> post](<a href=“http://talk.collegeconfidential.com/15297981-post15.html]this”>http://talk.collegeconfidential.com/15297981-post15.html) by the OP and compare it to his [public</a> profile](<a href=“http://talk.collegeconfidential.com/members/recruit2013-689596.html]public”>http://talk.collegeconfidential.com/members/recruit2013-689596.html).</p>
<p>Then again, his professed interest is business . . . and honesty is not necessarily a prerequisite for success in that field. :rolleyes:</p>
<p>This OP claims to be a high school junior who wants to graduate early, and play college tennis at UVA. He/she is not a resident of VA.</p>
<p>OP…so what is the truth here?</p>
<p>If you are indeed a top 10 in the country tennis player, and you want to continue in college, there ARE schools that should be interested in you as a recruited athlete but you really should stay in high school for your senior year and work on that. </p>
<p>You need to understand, however, that UPenn does not give athletic scholarships. They give need based aid only. UVA and Penn are very competitive for admissions. So is Stanford (another school the OP thinks he has the chance of attending if he stays his senior year of high school). At this point, the OP’s SAT scores are not something that would make him a competitive admit for these three schools.</p>
<p>I think the OP needs to do some significant research on admissions at these three schools, decide IF being a recruited athlete is a possibility (with scholarship money potentially), and ask honest questions here and elsewhere.</p>
<p>I should have read all the 20 past posts BEFORE I responded the first time. This story needs some clarification.</p>
<p>"“Is it a typo that you were born in 1990"”</p>
<p>It’s not unusual for a person to put their wrong age into an internet profile to protect privacy. While it may be a typo in this case, it’s more likely to be an attempt to remain nameless. </p>
<p>Unless the student is a complete ■■■■■, I think he is in high school and is being recruited for his sport. Whether that sport is tennis, that’s another unknown (again, may be changed for privacy reasons). His main point would be that he’s qualified enough to be recruited. </p>
<p>Thumper is right. His SAT scores are low, even for a recruited athlete at those schools. I don’t see Stanford accepting him unless he’s a star football athlete, nor do I think UPenn’s Wharton would accept him. </p>
<p>If he has altered a few details in his posts or profile, it’s more likely for privacy reasons and shouldn’t be used to conclude that he’s dishonest. Once certain details are known, it can be too easy to identify someone on the internet.</p>
<p>Don’t take out the cash, change schools, and use the money left
Over from financial aid to go into your pocket.</p>
<p>P.S. another thread said the OP had to commit to the full ride school within a couple of days of Jan. 9. </p>
<p>OP, if story happens to be true, and you have a full ride as a graduating junior, it is likely that you will see similar offers as a graduating senior.</p>
<p>What happened to the OP? Still around?</p>
<p>Ivy kid…what are you talking about? This student says they will not have money to pay for college without significant loans. Any money he/she gets will be going to the college, not in his/her pockets.</p>
<p>It looks like I’ll have to go with the full ride option. If I were a bank I wouldn’t loan money to me and I certainly don’t think that taxpayers have an obligation either. Please don’t think that I have an entitlement attitude. However, given the entitlement attitude of our society and president towards education and healthcare, I couldn’t be too sure. I like the full ride school, but not as much as my top choice. They have been nice enough to give me extra time in making my decision.</p>
<p>Little bit of info on men’s tennis: men’s tennis teams have 4.5 scholarships (thanks to Title IX) for a 10-12 man team, so do the math, almost no one gets a full ride and the average scholarship is around 40%. There have been players ranked as high as #1 in the nation that don’t get full rides at top schools. UVa is no longer an option due to cost but I’m hoping my current #1 might work out.</p>
<p>As an aside from the main topic of this thread: Recruit, for some men’s sports the scholarships tend to go to international transfer students diluting the money pool even more. With men’s sports, one can get better athletes often by waiting as many males do not hit full physical peak after age 18. Also with transfer students, the length of time one has with them is shortened and they are more of a certainty given their ages. Some of them can be quite up there in age. Don’t know if tennis is one of these sports.</p>
<p>Recruit. By now you should have submitted a FAFSA and CSS Profile (Penn, Stanford, and UVA require both). If your total family income is really <$70,000 you could see some need based aid at these schools. </p>
<p>If the money doesn’t work out this year, why wouldn’t you stay for your high school senior year, retake the SAT, improve your GPA, and target schools where you will get guaranteed good merit awards for the 2014-2015 freshman year?</p>