<p>That costs covers the out-of-state tuition and boarding with the meal plan. What if my family has a total income of 40k a year, can we afford it? Also is 16k a year the actual cost or does it go down?</p>
<p>South Dakota State University is remarkably reasonable, especially for out of state students. Aren’t you an international student, according to your other posts (live in the Caribbean). Or are you a US citizen? </p>
<p>What do your parents say about $16K/year being affordable? They are the ones who will be paying! </p>
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The tuition and room/board will go up every year.
You family have to decide that. Are you eligible for financial aid from Federal and/or school?</p>
<p>If your family has no asset or saving, it is not likely to afford $16k out of their $40k income. Ask your parent how much is affordable and then factor in the loan amount.</p>
<p>If its not affordable, sometimes you could get more money if you ask the school. I said SOMETIMES. Good luck :)>- </p>
<p>Unless your parents have a big savings acct, I really doubt that they can pay $16k per year out of a $40k income. They probably cant even pay half that much.</p>
<p>Often for people with modest incomes, there isnt much money left over each month. To pay $16k per year, your family would have to have about 1400 per month “extra” after paying all bills, etc. </p>
<p>ASK your parents how much they can spend each year. </p>