<p>So, I sort of understand how it works. But I'm just wondering if it was right for me to reject the unsubsidized loan. Or should I just accept it as well? I have both subsidized and unsubsidized and I accepted the subsidized loan, but should I reject or accept the unsubsidized loan? </p>
<p>And what's your opinion on my financial aid award? Does this all mean that I don't have to pay anything or do I still need to pay?</p>
<p>Should I just accept everything here? </p>
<p>Federal Pell Grant Annual Amount $5,645
State Need Grant Annual Amount $10,868
Federal Supplemental Grant Annual Amount $150
Federal Work Study Program Annual Amount $3,000
Federal Perkins Student Loan Annual Amount $1,000
Federal Direct Subsidized Stafford Loan $3,500
Federal Direct Unsubsidized Stafford Loan $490</p>
<p>I honestly don't know. What do you think???</p>
<p>For goodness sakes, Christine - go to the UW-Tacoma website and look up the cost of attendance! (Look up the cost for the year, not just for Fall semester.)</p>
<p>Then compare that amount with what you were awarded. If you need the unsubsidized loan in order to meet your expenses, then accept it.</p>
<p>I did look at the UW-Tacoma website. If I accept every offer there, then it would cover the whole entire thing! The cost of attendance is $27,701…
So… I guess I should accept everything, then, right?</p>
<p>
If you don’t accept the unsub loans of $490, do you have other resources to cover that?</p>
<p>Other resources? You mean money?? Apparently, not…no</p>
<p>^Then you need the unsub loans to pay for your $490 school expenses.</p>
<p>So accept everything, then! Okay…</p>
<p>Before you take out money without considering your true costs, stop and take a breath.</p>
<p>What is your actual cost? I see that tuition, which includes fees, is $15,872/year. Your grants total $16,663. You will need money for books, and since I assume you live at home, you may need some money for transportation and perhaps food while on campus. Figure out how much you need over & above tuition, and only borrow what you need. First borrow sub, then Perkins - unsub is your last choice. Remember that you can always increase your loan later if you find you didn’t borrow enough (except maybe not with Perkins, which can sometimes be removed from your offers if you don’t accept it by a certain time - these are odd loans and are often in short supply at schools that have them).</p>