<p>I’m trying to figure out how paying for college is working out. I got about 18k in grants in scholarships from the University (including the Cal Grant), and another 5.5k in federal loans (I willl probably reject these, as I don’t want to incur debt). My expected self-help contribution is $2750 and my parent’s expected contribution is $2515 ($5265 total), with my cost of attendance totaling to $29,259. Now, payments are made quarterly, so I’m assuming that my parents and I will have to pay in the ball park of $1755 quarterly if I take the loans, and $3,600 if I don’t take the loans. Am I right with these numbers, or am I totally off with how I pay for college? All answers are appreciated, thanks.</p>
<p>the way i see it is add up all things that will need to be repaid:</p>
<p>self-help: 2750.00
parent contrib.: 2515.00
loans: 5500.00</p>
<p>this comes to 10765.00 which is spread out in equal payments per quarter which will be due to the univ. (around $2692.00/quarter).</p>
<p>subtract the loan amount, and you’re working with a smaller number, 5265.00, which will be due in payments of around $1317.00/quarter.</p>
<p>oops, nevermind, u’re fine. it’s divided in three parts (fall, winter, spring) rather than four which is confusing since they’re called ‘quarters’. sorry for the confusion! your numbers look about right.</p>
<p>Cool, thanks for the input, I hope it’s as simple as that. Gonna be tough to pay for it though.</p>