<p>I didn't receive merit, won't get aid, and don't have 50K annually in my budget, but it's the perfect school so....</p>
<p>I know you can't get just one, but loans are my only option and I'll do what I have to in order to pay them back.</p>
<p>What would be the best loan for me? I'm pretty sure if my parents cosign I'll definitely be approved.</p>
<p>To put it lightly that is a 100% terrible idea.
You can only take out 27000 in loans the rest have to be co-signed.
You must have other options. What schools did you apply to? What are the COA for them? What are your stats? Intended major?</p>
<p>There isn’t any “one” school that is perfect for you. There are many. And besides no one has to go to the “perfect school”.</p>
<p>What school is this???</p>
<p>“I know you can’t get just one, but loans are my only option and I’ll do what I have to in order to pay them back.”</p>
<p>lol</p>
<p>Loans are not your only option. </p>
<p>How much do you think your monthly payments would be on those loans??? </p>
<p>what is your career goal? how much do you think that you’ll be earning upon graduation?</p>
<p>Do you want to live at home for 10+ years after you graduate to pay these loans back?</p>
<p>How much will your parents pay each year?</p>
<p>""I only got a 1770 but my GPA is a 4.14W/3.67UW. I actually got at least 8 merit scholarships, and most of them were 15-20K annually. It’s just that all of the schools are at least 50K or more.</p>
<p>Screenwriting major""</p>
<p>oh lordy. do you realize how unlikely it is that you’ll be earning enough out of college to make the payments on such loans?</p>
<p>You mention in your other thread that your parents have bills and such. Doesn’t sound like they’d be willing to cosign such crazy loans (thank goodness).</p>
<p>Where have you been accepted WITH merit?</p>
<p>With a 3.67 unweighted GPA and 1770 SAT, there may be a large scholarship in this list:
<a href=“Automatic Full Tuition / Full Ride Scholarships - #300 by BobWallace - Financial Aid and Scholarships - College Confidential Forums”>Automatic Full Tuition / Full Ride Scholarships - #300 by BobWallace - Financial Aid and Scholarships - College Confidential Forums;
<p>I’m calling ■■■■■ on this one.</p>
<p>^^
I don’t think she’s a ■■■■■. I think she’s just very naive.</p>
<p>I’m guessing that because the student wants to be a screenwriter, she thinks she needs to be near Hollywood at a school with film/screenwriting.</p>
<p>" I got into 13 good schools even sending it in. The merit scholarships at some of the schools weren’t as high though. If you have a high GPA, maybe apply to some SAT optional schools. I did that and they gave me half-rides "</p>
<p>What schools gave you the “half rides”??? Are those truly half-rides? Or are they “half tuition”? There’s a big difference.</p>
<p>How much will your parents pay each year???</p>
<p>Look, I know it sounds irresponsible, but I have confidence in my career IF I attend my dream school, Emerson College. Their alumni network is amazing and so are the opportunities on campus. Plus, it probably helps that I’m a blood relative of the guy who basically invented film excellence. My parents, I’m sure, could help at some point. Not to sound crude either, but I’ve got a pretty nice shape and I’m not opposed to “exotic dance” if I have to. I know I could work 2 nights a month and make my payments that way. Like I said, I’d do what I have to.</p>
<p>“I don’t think she’s a ■■■■■. I think she’s just very naive.”</p>
<p>Well, someone’s naive for sure.</p>
<p>To answer your question, YOU alone are highly unlikely to be able to borrow that kind of money unless you find some well to do sponsor who gets interested enough in your pretty nice shape and exotic dances, though my guess is that you’d have to more than that for more than 2 nights a month to get that much money. Maybe you should take a gap year and work fulltime and see how much that dance and shape get get you.</p>
<p>Yeah, I know we are supposed to make nice with the kids’s posts, but really.</p>
<p>
Ally, YOU cannot obtain $50,000+/year loans - they would be your parents’ loans (whether in their name or cosigned by them and issued to you, your parents would be responsible for the loans). You need to go to your parents and tell them that you want them to take on $200,000 in debt for your college plans. Be sure to state the full amount rather than just saying “loans.” Your parents need to know the amounts you are hoping to get AND that they (your parents) would be responsible for the loans if you could not make the payments.</p>
<p>As for the types of loans available, Federal Parent PLUS loans may be available to your parents up to the cost of attendance IF your parents qualify. You mention on another thread that your family income is “Hundred K club.” With the mortgage and credit card debt you mention on another thread, they may not qualify for $200,000 in loans over 4 years. Another source for such large loans is home equity, but your parents must HAVE equity in their home AND qualify for the potential payments. Please sit down and talk to them about this to get THEIR answer on such large loans.</p>
<p>*I agree that though some of Ally’s posts may appear to be ■■■■■■■■, her posts are fairly consistent and in one she self-identifies as on the autism spectrum. I grant that she may be playing with us, but she also may be having difficulty with flexible thinking (which is a challenge for all teens, and often more so for those on the autism spectrum). Either way, she is asking the questions that many of the 17 year-olds have in their heads but are not saying out loud. The answers may help those kids. </p>
<p>
Get a mortgage on your self-owned house…</p>
<p>Assuming you are serious…</p>
<p>Emerson is $50k per year, so you are not borrowing $200k all at once. Did Emerson give you no aid, yet other schools gave you 1/2 or full? That seems odd, but okay. You need to come up with $50k, half in Sept, half in Jan. You can get the $5,500 loans. Can you earn $44.5k pole dancing? If so,you are all set.</p>
<p>I don’t think your parents will approve of this plan, even if it is you DREAM school, because it is stupid. You have the opportunity to go somewhere else for very little out of pocket, at least in loans. Take that.</p>
<p>I really really really want to drive a BMW convertible. Dream. I drive a 2002 Honda. Reality.</p>
<p>Which schools gave you a half-tuition scholarship?</p>
<p>“Not to sound crude either, but I’ve got a pretty nice shape and I’m not opposed to “exotic dance” if I have to. I know I could work 2 nights a month and make my payments that way. Like I said, I’d do what I have to.”</p>
<p>Oh my. I don’t think you have any idea how ugly and demeaning that industry is.</p>
<p>Ask your parents if they’ll co-sign $200k in loans. If they say, “no,” then this conversation is moot. </p>
<p>Better to have a few schools that you are happy to go to than one you HAVE to go to, that is the advice I got.</p>
<p>Also, why don’t you just go to your state school or community college for 2 years then try and transfer to Emerson for the last 2 years and cut your debt in half? </p>
<p>200k is a ton of money. My parents would never cosign for that much.</p>
<p>I live in MA so my public options are rather shabby.</p>
<p>Emerson as a dream college? get a new dream studying in your flagship state university. 200 thousand in loans is not a career building plan since it marks you as someone with impaired judgment who has trouble prioritizing. Perspective is a great deal of the game in all careers and on all paths to independence. Our public college school grads are doing very very well in the job market in Virginia. In many cases, the push to private college does not have a great ROI. </p>
<p>
If you’re that well-connected, why will it matter what college you attend? In any case, come back after you’ve broken the news to your parents that they have to incur $200K in debt to support your screen writing/stripper career, and posters will be happy to help you figure out your Plan B.</p>
<p>I’m going to cut to the quick. First, your MA flagship university is NOT shabby. Neither are several of the other public universities on your state. </p>
<p>My advice is not going to sound friendly, but it is the SAME advice I gave on the thread you started in January where you wondered if colleges considered debt when awarding aid.</p>
<p>You claim to have been accepted at THIRTEEN schools and ONE was affordable. I would strongly suggest you do a quick attitude adjustment about the affordable school…especially if the others will require $200,000 in loans. </p>
<p>Fact is, you claim your parents already have significant consumer debt despite their income. THEY would need to agree to cosign these excessive loans, and there is NO guarantee that they actually will qualify for all four years. You didn’t do a very good job of vetting your college application choices with regards to finances. Your parents should NOT take $200,000 in loans for you to attend college if they already are strapped financially.</p>
<p>Emerson is a fine school…but unless you can pay the bills, you can NOT attend.</p>
<p>Emerson and a vague connection to someone in the industry will NOT get you a dream career.<br>
Period, the end. </p>
<p>You have no idea what it takes. Or how many kids think their interest in writing makes them a special case. </p>