<p>How are you paying or planning on paying for college? </p>
<p>personally, I'm applying for several private grants/ scholarships, but they won't come anywhere close to paying for a 4-year college education (assuming i get them). </p>
<p>do you think its better applying for a lot of little scholarships or spending a lot of time on big scholarships ($10,000+)? </p>
<p>What advice do you have for me? My family makes around 100k a year, and I'm planning on going to a UC..</p>
<p>taking a loan out from the bank, hopefully try to get some sort of merit scholarship.</p>
<p>florida bright futures
pell grants
+ whatever else i can qualify for (< $30,000)</p>
<p>At that income level plan on paying list price for the whole thing. There are almost no merit scholarships available for UCs and at 100K you wont get any need aid unless youre out of state. Average UC graduate takes 4 years & 1 qtr. If you are instate your probably going to need about 90K total.</p>
<p>I calculated how much I would need during my entire college and graduate program terms. It came out to be alittle over $500,000. That should be a fun loan to pay back.....</p>
<p>that's a lot in loans to take out.</p>
<p>funkmasta,
That amount must assume you will get NO financial aid, NO help from parents, that you will NOT work over the summers or during the school year, that you will NOT be an RA or receive any kind of graduate fellowship, and that you WILL attend one of the most expensive colleges in the country. I think there may be ways to reduce that by changing some assumptions.</p>
<p>you going to school for 10 years?? or 12??</p>
<p>btw, will having a net family income THIS year of over 200K affect anything? last year it was about 1/3 of that (75K)... cuz the taxes for 2005 arent filed yet!!!</p>
<p>anyway, will 200K families get even a penny?</p>
<p>"..will 200K families get even a penny?"</p>
<p>Not likely. The median family income is around 45K. So government looks to families like yours (top 10%) to pay the freight in taxes to help subsidize the educations of the truly needy.</p>
<p>But plug your numbers into the EFC calculator and see what pops up.</p>