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How would that be doable? Wouldn’t those payments be in addition to the $10k your mom has promised?
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No, the $10,000 is for the quarterly payments. The federal loans ($2500 + $1666), plus $3300 from mom and $1000 from dad for quarter one, two and three.
Total: $12500 loans for the year, $1000 from mom for the year, $3000 for dad for the year.
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Did you figure how much the loans will GROW while you’re in your PhD program? Did you “start the repayment clock” after PhD? That would make you about 25/26 when you get your PhD. Are you saying that you plan on “staying single” until you’re 35-36? I don’t think that’s a reasonable plan.
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Well, I hope to at least cover the interest. I don’t know about relationship status, but yes that was the general idea.
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I wouldn’t count on that. Someone who owes “back taxes” doesn’t likely have an extra $3k per year to give for tuition. Likely, your dad has financial issues.
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This might be true, but I hope it isn’t.
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Is there a UC or CSU you could commute to? It seems like room and board is the short-fall.
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You’re right. Room and board is a problem. The closest school I can commute to is San Jose State, which is an hour away. I live in Gilroy, so there aren’t any UC’s to commute too, except maybe UC Santa Cruz – which rejected me this year.
UC Berkeley is far, and I have no chance of being admitted, nor would I want to be a student there. Stanford is almost as close as San Jose State, but they have a 1% transfer rate and I applied and was rejected for Fall admission, but accepted to the Summer Session, which I attended. And, our EFC is $34,000, so that’s the price Stanford would expect us pay – no better than UCI.
I was accepted to Santa Clara University and UC Irvine so those were my options. Santa Clara gave me a big grant, but the cost of tuition with the grant was equivalent to the cost of tuition and room and board at UCI so I figured it would be better for me to get out of the house and move to southern California. I also figured that the cost of room and board can be adjusted by moving, while tuition is fixed, so I thought that having the room and board be a little flexible would help with cost over Santa Clara.
My parents are divorced. My step-dad only makes a little bit of money as a telephone pole repair man. My mom makes big money as a corporate execuative. Neither of my biological parents, nor my step-dad, have any college degrees. They don’t understand higher education, don’t support higher education and don’t understand why I would even want higher education (although my biological dad seems to support the idea of college).
My mom tries to keep finances secret from my step-dad and doesn’t tell him how money is being spent, or what money is being spent on. She takes his check and cashes it into her account rolls-eyes.
My biological dad lives in a condo in San Jose, but won’t file the fafsa. I am unsure of his financial situation, but I think it’s improving because I believe he is going to get remarried soon to someone who makes a good amount of money.
I am not interested in working my way up a corporate ladder. I want to learn the curriculum provided by a University. I don’t want to be a business person. I want to conduct academic research and take bio and neuroscience classes and so forth.