<p>Nah, I think the OP is kidding herself about the parent loan thing. Her’es how parent loans bite you in the patootie – let’s say you qualify for a crazy $10,000 the first year! All well and good, right? by the end you will have about $35000 in debt (assuming you can cut the parent loan amount a little by taking higher stafford loan limits in subsequent years!) </p>
<p>BUT here’s the kicker – that $10K goes straight on your creidt report and what this means it that you might not QUALIFY to take the loan out again the next year!! It’s crazy but it’s true!! so you might end up in debt but not even be able to finisht he degree, which means you borrowed all that for NOTHING!!!</p>
<p>AGREE WITH THE ABOVE - START AT A C$C. IT IS not WORTH IT to get trapped IN DEBT for $50K.</p>
<p>NO SCHOOL IS WORTH THAT.</p>
<p>NONE.</p>
<p>ESP. NOT FOR UVM.</p>
<p>It’s unclear if you have the stats to get merit scholarships at U Alabama or else i would have suggested that again but if you do i would look into it as an alternative to staying in texas.</p>
<p>Everyone is offering good advice. I would at least go the CC route through the spring, then try to transfer. Texas State is a great school, by the way, and one that doesn’t get much attention on this site. You want to be in the best position not just to pay for it but to succeed once you get there. Having a little cushion from more work and lower costs at a CC will help. Good luck.</p>
<p>My mother will probably not qualify for the direct loan due to her credit so I would end up picking up a 4k loan for the year which is something I prefer over her getting the debt, if I didn’t get any parent loans, I feel like I would be ok with a 40k debt at the end, having the rest of my life to pay it back, but I am worried about the potential of them not giving me the same loans in the coming semesters, can someone clarify that please?</p>
<p>OK here is the loans that you is guaranteed:</p>
<p>Freshman year - $5500 a year
Sophomore year - $6500 a year
Junior/Senior year - $7500 a year (each year)</p>
<p>total about $27000 if you do not count the interest on the unsubsidized portion of the each loan. THESE are gauranteed – you can’t lose them even if your credit is bad.</p>
<p>On top of that you MAY get offered a Perkins loan for a small amount $1000-2000 is the most of I have ever heard of which is also subsidized which means the interest does not acumulate until after you graduate. However this loan is not guaranted so I wouldn’t assume anything about it.</p>
<p>On top of THAT (and beyond any grants/scholarships and stuff) you can look into private loans. These are the ones that you cannot get on your own and thse are the riskier credi tones. AVOID AT ALL POSSIBLE HASTE.</p>
<p>I received the aid package in regards to only spring and summer, wouldn’t I receive more aid for both semesters? Like wouldn’t my loans double for say where I would get 7k subsidized and 4k unsubsidized 5k pell and the extra 4k coming from getting denied a parent loan (which I hope to get rid of by signing up for scholarships unlike this year)? But yea can someone please clarify that, and again my main worry in me not being able to receive the aid I get now, later</p>
<p>I will be talking to a financial aid counselor in a hour to clear everything up, any suggestions on what I say or try to accomplish aid wise? Thank you and sorry for my I’m sure frustration I am causing for some of you for my naiveness, I just really want to go to school at tx state</p>
<p>Stafford loans are FIXED by Federal statute. they cannot double. What happened is that because you started in the Spring they give you the whole year amount in the Spring. If you had started in the Fall, you would have gotten half of that in the Fall half in the Spring.</p>
<p>The ONLY way you can get more Stafford is if your parent applies for a Parent PLUS loan and they are rejected, and then they will give you a certain amount more of unsubsidized loans. that’s not a great option though.</p>
<p>Is this a counselor at the school you are talking to? they are the best ones who can help you find better financial aid grants offered by the school. right now the school did not really offer you any aid that you cannot get at any other school in the country. all of the aid in your original post is federal government aid that you could have gotten at any other school.</p>
<p>I have talked to the counselor and now I understand everything. basically what I have to do is get money to cover the parent loan cost IF my mom qualifies for the loan but even if she doesn’t I need to get scholarships or school financial help, so do any of yall know what is something I could do to get school help? I know I have to talk to my department (business) and talk to them about opportunities but besides that do yall know if you can use the GPA of the first semester of college to apply for other scholarships? thank you for everything and helping me understand the process</p>
<p>Ralphie, there is no magical pot of money for students. You need to look into starting at a community college and then transferring to Texas State after two years. Work during that time to save up enough (and your Direct Loan amounts will be a little higher to help pay the total cost).</p>
<p>TG’s Charley Wootan Grant Program [TG’s</a> Charley Wootan Grant Program](<a href=“http://www.aie.org/Charley-Wootan-Grant/]TG’s”>AIE)
This has to be mailed like the first or second day after the application opens if you want these money.</p>
<p>BeOnTime Loan
[url=<a href=“HHLoans”>http://www.hhloans.com/index.cfm?objectid=B00C090D-E45D-4F4B-89DA195959930185]HHLoans.com[/url</a>]
This loan is usually not advertised by universities because it competes with federal loans, and federal law doesn’t allow its promotion (or something like that). You have to request this loan from your university (come in person and talk to finaid officer), this loan becomes grant (forgiven) if you meet the requirements.</p>
<p>Please, don’t do anything stupid in a hurry. Going to Texas State with your current financial package would be stupid. Very stupid. It will hurt you, it will hurt your parents even more.</p>
<p>Submit Texas State application for Fall 2014, file FAFSA very early (you can file it before taxes are filed and do corrections later, it’s easier to do if you file taxes online)</p>
<p>This scholarship is given ONLY to freshmen, not transfer students (DON’T TAKE ANY COMMUNITY COLLEGE CLASSES IF YOU QUALIFY), and it looks like you cannot get it / “renew it” if you don’t get it your first semester at Texas State.</p>