<p>You need to call the college and ask if they have any loans that you can take. If not, you will have to have your parents take out the loan for the entire $20K through PLUS, and you can draw up a private contract between yourself and them regarding repayment of that loan.</p>
<p>As others have said, that is a lot of loans you are taking. You’ll owe over $70K at graduation at that rate and your parents will owe $40K.</p>
<p>If you can get jobs this summer, put the money in savings. Scrounge up what you have and put it towards your that $10K you are borrowing so that you can reduce that amount by as much as possible. Also you probably should find a job at school and put some of that money towards the loans as well.</p>