<p>Hello, I was wondering those of you who are going to private colleges without financial aid, colleges which demand large deposits, are you taking out loans to pay them or are they comming out of your pockets or what?</p>
<p>I have a little over half being paid in need-based aid. I'm going to Vanderbilt, and they cover all remaining tuition left over after you subract out EFC. I almost have all of the rest of my first year paid by outside scholarships. I have a college savings account too (which is what made my EFC much higher than expected), which is going to be used for the balance.</p>
<p>mostly from my parent's pockets...they know that it is mostly their responsibility when it comes to money. it ****es me off when i go to a kid's house and they have a BMW and big screen and then they tell me that they are going to the state school over the private cause they couldnt afford the private. my parents have lived with just the things they need and with a modest salary they HAVE saved up a considerable sum.</p>
<p>Well, i got some covered by need based aid, but then whats left is split between me and my parents, and then any out side scholarships get knocked of my half. i've known this is the way it works for a while so i've been saving my money for the last 3 or so years, so it should be too bad...though i'm sure by the fourth year i'll need some loans!</p>
<p>My S applied to schools known for good merit aid & was offered substantial merit aid. We've saved & invested the gifts he's gotten since he was born, which will pay for some & we've saved some (live simply too) to cover some & will pay for some out of earnings. One way or another, it will get paid. He will also have wages from a summer job & perhaps a campus job, depending on how things evolve.</p>
<p>I got into Boston University's School of Management. It is and has always been my DREAM school. However, they did not give me any financial aid. I considered taking out loans.. but with all expenses and such it would cost about $50,000 a year. Sure the idea of going to Boston is fun now, but, coming out of college $200,000 in debt NOT including interest and paying off my undergrad loans for the next 25 years of my life didnt seem appealing. </p>
<p>I will be attending University at Buffalo in the Fall 2006 semester with a full ride as a UB Honors student. To be honest, undergrad doesn't mean anything nowadays so you shouldnt have to take out loans and burden urself or your parents retirement plans becauase that isnt fair to you or to them. Be considerate..be smart...and make the right choice..money is definitely something you need to consider. Education is what you make of it..not where you go.</p>
<p>Personally, I am selling my entire family into slavery so I can afford to go to my dream school</p>
<p>JAhmed -- I think you made a great decision. So many people get caught up in name and prestige that they fall into unfathomable debt to achieve that "dream". It's a shame it has to work out that way, but I think you'll be happy at UBuffalo (and enjoy a better quality of life when you get out without $200,000 in debt).</p>
<p>I got really lucky. With need-based aid, it is cheaper for me to attend my top school (Wellesley) than it is for me to attend my state school. With that said, Wellesley still isn't free. I'm probably going to take out some loans to cover the rest, and my parents will help me as much as they can.</p>
<p>I'm going to attend my state school (Michigan) for a year or two and hope that I can transfer into my dream school that I was accepted into (Cornell).</p>
<p>Yeah...I had to start at a community college also and it allowed me to save for my dream school (USC)..now I can finish my 2 years there and I will only have to pay the price (after scholarships and grants) for 2 years...not the traditional four years...it automatically reduced my debt by half just in attending a cc..</p>