<p>Hey guys i recently got my financial aid package </p>
<p>i got 25,200 of grants and scholarships
i have recieved another 7,500 in loans
federal direct subsidize
federal direct unsubsidized
federal perkins</p>
<p>this totals 32,700 but i still find myself 8,240 short and am wondering what are my best options as far as loans go?</p>
<p>Go to a community college. $64000 of debt is not worth it.</p>
<p>I agree with Chaos. You likely won’t make anything close to that your first year out of college, so how would you expect to pay this back?</p>
<p>But to answer the question, either your parents can take out a Parent PLUS loan for that amount, or they could co-sign a private loan for you if they have adequate credit. If neither of those two options are feasible, then you have to choose a cheaper college. I think you should anyway.</p>
<p>Definitely try a community college. Think LONG TERM. </p>
<p>You’ll get your BA then most likely go on to Graduate school because you’ll realize that a BA will not get you very far. Attending a community college and transferring as a Junior will save you a good $75,000 which would be equivalent to a decade of paying back your loans with interest. You’ll want to have a life after you graduate. Do what you can afford… you’ll still be able to get into a great college as a transfer student. Don’t forget you need to plan for graduate school, most likely, so don’t put such a burden on yourself…</p>
<p>I disagree with the other posts. It depends on what school you are considering. If it’s just some random school, then no don’t do it. If it’s a great school with many opportunities that makes a difference. Also, are you 8,000 short because that’s your EFC and they expect your parents to contribute that?</p>
<p>How much will your parents pay?</p>
<p>If they won’t pay any/much and they won’t co-sign loans, then you really don’t have a way to come up with $8,000 without earning it with a summer job. $8k may not seem like much to some people, but when you’re low income it is.</p>