<p>From Seattle University-
COA- 40,000<br>
Grant/Scholarships
Arrupe Scholarship $7,000.00
Federal Pell Grant $5,550.00
Federal AC Grant $750.00
Fed Supplemental Grant $2,400.00
SU Grant $4,700.00</p>
<p>Loan
Fed Dir Sub Stafford Loan $3,500.00
Fed Dir Unsub Stafford Lo $6,000.00
Federal Perkins Loan $2,000.00</p>
<p>Subtotal $31,900.00</p>
<p>Work Study
Fed On Campus Work Study $3,000.00</p>
<p>Award Total $34,900.00</p>
<p>I am around 5,000 short for full need, I still need to ask my dad if he'd be willing to cover that. So Will I be totally in debt if I go here? I plan on saving money during summer jobs too and my mom and stepdad are covering my books.</p>
<p>Good catch momofthree. That is a high an amount of Stafford loans for a dependent freshman. Unless the parents have already been turned down for a PLUS loan?</p>
<p>I think she also got into UCSC. I imagine that her FA package will be better from them. She’s a Calif resident.</p>
<p>these loans are “better” than private ones from banks, but they’re still a lot.</p>
<p>If you were to borrow $45k+ for undergrad, your monthly payments after graduation would be over $500 a month for 10 long years. That is a lot for a young person to deal with during young adulthood. </p>
<p>What is your likely career when you graduate? How much do you think you’ll be earning upon graduation? You’d have to be earning about $70k per year to comfortably pay that back.</p>
<p>I wondered about the PLUS posibility. It’s just odd because the student mentions a mom, a dad and a stepdad…so the independent angle didn’t fit but don’t know. OP just double check what your letter says regarding the amounts on the Stafford loans.</p>
<p>Trust me I’m independent. My mom fixed herself up a couple years ago so shes in my life now, but not my guardian.
My dad makes good money but left me to go to college when i was a baby…</p>
<p>Yeah you’re right…
Can’t really predict what I’m gonna do.
I was thinking physicians assistant. But I can always change my mind lol. I’m still young.</p>
<p>According to another thread, sofaraway is an independent with an EFC of 0. </p>
<p>sofaraway,
SU is offering half of the COA in free $ (about 2/3 tuition is free). That seems pretty good. Of course it would be better if they met all your need with grants but I’m not sure how many schools can afford to do so. Do you have other FA pkgs to compare this with?</p>
<p>If you’re asking if you can make this package work, here are some things to consider. At first glance, it looks like you will incur 11,000+ loans per year plus come up with an extra $5000. SU probably figures you can earn that $5000 over the summer and during the school yr (you can earn $3000 in work-study). So earning that $5000 is probably doable. Better yet if your dad can cover it. If so, you can use your earnings to reduce your loans.</p>
<p>Speaking of the yearly $11,000 in loans. That is based on the COA that the school uses. You can probably reduce the expenses that are factored into the COA by buying used books, keeping personal expenses low, and traveling to/from school as cheaply as possible, such as sharing rides with schoolmates. My son takes the bus because it’s much cheaper than train/plane. If you have to fly, book early and shop for deals. After freshman year, you could consider being a RA (resident assistant in the dorms). That sometimes covers room and board. But if going this route, ask in FA if doing so would reduce your grants.</p>
<p>Yeah trust me I’m really cheap when it comes to spending money.
I am going to ask my dad for help this sat. when I see him.
Hopefully he will agree to pay because 5,000 dollars a year is less than he would give me with child support.
That would make it easier to payoff some interest while in college.</p>
<p>Considering the school, I’d say it is a reasonable package since they came close to meeting your full need. But I can’t encourage anyone to take on that much in loans. Though to be honest, I don’t have much experience in the matter. I just know that I would never accept more than $25,000 in loans for the entire 4 years. This comes out to 5k per year and an additional 5k for a summer to study abroad. Of course, some students have special circumstances which makes them more comfortable taking out larger loans… ex. family willing to help them with the loans or they are confident at landing a great paying job after college. Good luck with your decision!</p>
<p>I also think this is package is worth considering. I hear the people who are saying that $11,500 of loans per year is a lot but …</p>
<p>Seattle U is a good school for getting into the medical field. It’s nice and small and in a great location. Also, I like your attitude. You are really thinking this through in more than a “I just really want to go there” way.</p>
<p>$500 per month to repay doesn’t sound like that much to me. If you continue to live in Seattle after you graduate then you can manage without a car, which will help save money for the payments.</p>