<p>I was looking online at other posts but couldn't find anything that I was really eligible for in terms of low-income need-based scholarship. So I was wondering if anyone knows of any in mind.</p>
<p>My info:
Sophomore in College
Major: Hotel Management
Joint Family Income: $7,500, Father is disabled
Asian
College GPA: 3.53/4.00
Already have $60,000 in debt from college loans.</p>
<p>You will not be able to find any outside scholarships (as a sophomore) that will put any real dent into your college costs. Nearly all good scholarships are for entering freshmen.</p>
<p>You need to go to a different school. Your school obviously is doing nothing to meet your need. Frankly, I’m shocked that you already have so much debt and you’re only a sophomore. I know this sounds harsh, but what made you think it was a good idea to go to a school that wasn’t giving you any real aid?</p>
<p>What kind of income do you expect to be earning when you graduate? If you continue as you are, you’ll end up with huge monthly payments that I doubt you’ll be able to afford during the payback time. </p>
<p>What is your home state? What other schools have this major that are better at meeting need?</p>
<p>I’m confused. Haven’t you needed a co-signer for your loans? I don’t understand how you were able to get those loans when your family’s income is so low.</p>
<p>My dad thought he could help pay for my education but he started to run low on cash after I attended Purdue so he didn’t want me to know about it until I came home during the summer for a short break. </p>
<p>Fall/Spring at Purdue = $30,000 Loan
Summer at Purdue = $10,000 Loan
Fall/Winter/Spring at Johnson & Wales this year = $20,000 Loan</p>
<p>I’m expecting to make between $50,000-$55,000 when I graduate. </p>
<p>New Jersey. I’m considering on going to Rutgers and majoring in Accounting then go to Cornell for their one-year program for a Masters in Hospitality. I’m talking with a few professors who have connections and a lot of experience in the industry if going to Rutgers would be fine for me in the long run. I’m pretty sure I will just be loaning $5,000-$10,000 a year at Rutgers cause I’m in-state and have a very low EFC. </p>
<p>My dad co-signed and he has great credit but things with a Sallie Mae loan and their consistent checking on his credit made it drop, but I believe he told me he got it back up as it was. Family is living off equity and loans between family members. Thankfully my relatives in Korea are quite rich and have been helping us.</p>
<p>*I’m expecting to make between $50,000-$55,000 when I graduate. </p>
<p>New Jersey. I’m considering on going to Rutgers and majoring in Accounting then go to Cornell for their one-year program for a Masters in Hospitality. I’m talking with a few professors who have connections and a lot of experience in the industry if going to Rutgers would be fine for me in the long run. I’m pretty sure I will just be loaning $5,000-$10,000 a year at Rutgers cause I’m in-state and have a very low EFC.*</p>
<p>Ok…with an expected income of $50-55k when you graduate (and for the early years), you’ve already exceeded the amount that you can comfortably pay back. To comfortably pay back a total of loans of $50k, you need to earn at least $70k per year. </p>
<p>You must transfer to Rutgers; you can’t keep borrowing at this rate. Your earnings won’t sustain these loans. Plus, you may need to borrow for Cornell. </p>
<p>(I would be very annoyed with my dad for not telling me about the money troubles until last summer. He should be responsible for some of these loans. If he had told you in a timely manner, you could have transferred to Rutgers earlier. )</p>