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<li>Blue + Gold Opportunity Plan: Is this calculated with our financial aid because my financial aid only shows loans, work study, and grants?</li>
<li>Is it better to accept or decline loans because I've heard bad things about taking out loans for school?</li>
<li>Should I accept the work-study? I'm worried it will interfere with my studies.</li>
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<p>Thank you!</p>
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<li><p>The Blue Gold plan is part of your financial award, and it will show through grants/scholarships. (e.g. Cal Grant A worth $12,000, this is a result of the Blue + Gold Plan)</p></li>
<li><p>What kinds of loans are these? Plus Loans, Federal Direct loans (Unsubisidized & Subsidized)? The Plus loans are usually for your parents- and if you don’t have any other financing options to cover tuition & housing, then loans are your only option. </p></li>
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<p>I would say its bad to take out loans for school if you’re not using your money wisely, or if you’re taking out way too many loans in context with your major.</p>
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<li>All work study is that the govt pays a chunk of your wages when you are hired by an employer. Having work study should be easier to let you find a part-time job on campus, since this means employers will have to pay less to hire you. So if you plan on working part-time, accept the work-study. You lose nothing from accepting it. Or even if you’re not sure yet, just accept it for now and decline/return it later if you don’t want it anymore.</li>
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<p>Thank you! I don’t know if I should accept the unsubsidized loans because they have interest. Is it better just paying the extra amount without unsubsidized loans?</p>
<p>If you can afford to pay the amount in cash, then you don’t have to take out the loans, since you’ll owe interest anyway.</p>