How to pay for college? Pay for 200k?

Parents Social Lounge
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<p>Well, my parents are being extremely adamant about me going to UCSD with a full ride over penn (under the m&t program) and stanford which would both cost 50k a year to go to. I do realize the financial aspect is huge, but for me right now, I really do want to go to one of the two schools, and not UCSD. So right now, I have to somehow justify going to these two schools, and give a good enough argument to go to the schools. And part of the argument will be providing a feasible financial plan, in the form of getting student loans, how other people have paid 200k, etc. But atm, i don't know much, if any, info about paying for the 200k, and was wondering where's a good place to start, any anecdotes about people paying, what are some good ways to pay, etc. </p>

<p>Thanks in any advance for any info!</p>

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<p>Sooo.....</p>

<p>Are you saying that you need to figure out a way for you to borrow the money yourself??? </p>

<p>I don't think you really want to be burdened with that kind of debt for undergraduate school. won't you need money for grad school, too?</p>

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<p>BTW. What scholarship did you get that you got a full ride to UCSD?</p>

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<p>200k at 8% interest (if you could get, and you can't) works out to 2,426 a month, every month, for the first 10 years after you graduate, except that it is more than that, because interest begins to accrue the day you take out the loan.</p>

<p>'nuf said.</p>

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<p>the jacob's engineering scholarship, a lot of the reason i dont wanna goto ucsd is that i've lived in san diego my whole life, the admit day was less than stellar imo, etc. i would be the one paying back the loans and everything, and i do realize that it's a huge setback getting out of school with 200k with interest, maybe (and probably) not being worth going. but just atm, i dont really wanna go to ucsd which is a prolly a naive and young assertion, but it's just where im at in my mindset right now</p>

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<p>You can "get out of San Diego" during summers for a lot less than 200K. Why not just plan some awesome trips for those times and/or do some "study abroad"?</p>

<p>You're going to want to be able to buy a home within a few years of graduating, right???? How are you going to qualify if you have such a high student loan burden (which may be EVEN higher if you add Grad School.)</p>

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<p>Why not go there for 2 years, get stellar grades and then transfer to a college that you can afford to pay for without taking out a lot of debt?</p>

<p>You also could do study abroad programs while at UCSD. This includes during the summer. </p>

<p>A third option, take a gap year and then apply to places that you can afford while also living away from your hometown.</p>

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<p>Also, why didn't you apply to other UC's so that you could "go away"?</p>