You are aware that your loans under your name will be limited to
Fr 5,500
Soph 6,500
Jr and on 7,500
Anything else’s has to be arranged by your parent.
Yes the college housing chart should work as long as units at that price are available, an accounting for a bit of a rise each year.
A new nurse will start at 50-60K depending on your location. If you avoid going out and buying a new car and you pick up just one extra shift a month or so you could whiz through your student loan payback in 5 years. Good luck!
Oh yes, that dorm cost is per semester, and you need to know that in order to calculate savings.
@BrownParent If loans alone won’t cover costs, do you think working once I get to college would be sufficient?
@BrownParent Maybe?
It depends on how much you need to cover with work earnings. Colleges typically assume that full time students can contribute from work earnings during the school year and summers $5,000 or less.
A hidden potential way to reduce costs may exist at some colleges, based on frugal living. At colleges where ample off-campus housing is available, sometimes there are options that are considerably lower priced than the college’s cost of attendance budget. Frugal living can also save money on books and miscellaneous / personal expenses. However, the amount of savings that can be gained by frugal living varies – at some colleges, lower cost off-campus housing may not be readily available, or may be inconvenient or undesirable in other ways.