<p>Fed Direct Sub Stafford Loan: 3,500
Fed Direct Unsub Stafford Loan: 2,000
Federal Perkins Loan: 2,000</p>
<p>Total cost a year is 38,000, less financial aid is 3,300 a year. (exclude work study)</p>
<p>I read that the average debt after undergraduate is 25,000 a year or so, which I'm close to. Theres the additional 3,000 a year that is still needed, so an extra 12,000...(maybe, not sure if we need a loan for that or not, but probably).</p>
<p>Am I in a good spot? I thought the aid was pretty generous but after tallying everything it seems like I'm in average/worse than average as far as debt goes. I know it's all relative, but what would your opinions be?</p>
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<p>NO…the average debt is about $25,000 for all FOUR years…not per year. </p>
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<p>What does this mean? Are you saying that your school gave you $34,700 in financial aid NOT including the Stafford loans you list at the top of your post?</p>
<p>I’m very confused. Could you please list your full financial aid award? It’s hard to tell you if you are in a “good” or “bad” place without knowing exactly what you received.</p>
<p>I will say…if you are anticipating taking $25,000 in loans out for EACH of four years…I personally do not think you are in a good place.</p>
<p>Thumper is right…the average debt is $25k after 4 years of school…so about $6k per year.</p>
<p>Your post is not clear. </p>
<p>Are you saying that the school costs 38k, but you only got $3,300 in grant money?</p>
<p>Post your exact aid package and post the breakdown of your school’s COA.</p>
<p>Also, what schools did you apply to are affordable?</p>
<p>What was your family’s EFC?</p>
<p>How much will your family pay each year?</p>