My EFC for 2016-2017 FAFSA is $34,053? Any advice for how to deal with these Financial Aid packages?

My Mom just told me that we will definitely figure it out. I was really stressed out about it, I’m finishing wiping away tears because of how stressed I was. And she reminded me that we always figure things out. :slight_smile: I told her that yes, we are gaped at 28,000 a year. She said, “And?” I said, " I don’t want to drown in debt and be in those statistics of student debt." She said, Toria, I know you don’t think things will work out, but they will!" :slight_smile:

@thumper1 Ease up… I meant that my Dad was proud I got into college and into Barrett, because of my crazy Academic history. I get it. Yeah, I don’t have money for ASU, but I’m going to take my parents word for it that we WILL get through this and that I will earn a degree! :slight_smile: Now THAT’S a speck of good stuff! :wink:

How will they work out? What’s the plan?

Thank you everyone. I know my posts get redundant and annoying but please know I do read everyone’s replies and that this website has helped me!

@Lovenetc, I hope your parents aren’t thinking about taking out parent loans to pay for this school. From what you wrote in your other threads, it’s just not affordable. Ask your mom how they intend to come up with $30k/year. Borrowing the cost of attendance isn’t a plan. Borrowing for what they want now intending on figuring out how to pay for it later gets a lot of people in deep trouble.

Hey, @austinmshauri No, from your post, I told my mom that the Parent PLUS Loan was a no-no.

Good. Don’t borrow more than you can pay (really the federal student loans, which are about $5500/year, should be your limit). Are there any affordable schools you can commute to from home?

I want to chime in quick as a gap year student…I want to say @Lovenetc that you should tread very very carefully. I don’t know what your parents figured out in the last day but your situation alone sounds like thin ice that can break any moment if some family loses a job or something comes up and they can no longer afford that major price tag. What I don’t understand is the resistance to community college for 2 years then transferring? I get it that you got accepted to a nice honors program but it’s no reason to put unfair financial burden on family that has no idea how they will “figure things out” for 4 years. You also mention you’re a first gen student so your parents may not be aware of how difficult a plan to fund college on the spot is.

I was in similar shoes as you. I was panicking around now last year trying to decide which schools to go to, even though all of them were unaffordable and I kept telling myself “we can try to afford it”. In the end the stress and lying to myself was not going to be productive to figuring out a solid game plan and thus I took a gap year following graduation. While working full-time, little did I know that with a little research and persistence I found a school that paid all my tuition, fees, and books for my stats so I applied in the summer. With my scholarships and putting in 60 hours/wk for the last 11 months, I now have all 4 years of living expenses fully funded. Now I don’t know the likelihood of such happening for you with your current ACT, but you can take time off to get things straighten out.

The way you have been posting in your previous thread and this thread makes it seems–and you can correct me of course—that your parents are rushing to reassure you on your dreams even if they may not be realistic at the moment. Unless they found a pot of gold or you just received word of an inheritance from a Nigerian prince, I don’t believe your family has everything mapped out safely to put you immediately in ASU. And that’s ok. There is nothing wrong working and going to community college first in order to save money and be on a better footing in 2 years when you transfer. Or do what I did and just work for a bit. Just please don’t let your family suffer for your own dreams. Just something to consider.

You seem bright and concerned for your future and your family. I just wanted to give my two cents from my perspective.

@atomicPACMAN07 If I had the option of working, I would do it in a heartbeat. However, since Sophomore year, I applied and applied for jobs and no luck. Doesn’t matter if I go in to the actual place, doesn’t matter who I speak to, it left me depressed for a while because it all lead to dead ends.

You make a valid point and as always I admire your convictions. And for anyone out there, please don’t take this the wrong way! I just feel I worked way to hard to say I’m going to a community college. I understand there is nothing wrong with it and it’s a great financial option for many, I just feel my years of hard work, getting home every night at nine/ten from a school day that didnt release until 4:35, then me doing my best to do extra curriculars after the school day while doing presentations for the huge community development project I was involved in, leaves me to feel that I am more capable than just to say that I am starting at a community college. Again, please take no offense, just my opinion. But there is also the valid point of, well then, how are you going to pay for ASU?! Which I understand.

However, I want to say how awesome it is you found a school that gave you a full ride!! I’m so glad it worked out for you… I wish I had that luck! :wink:

This life owes you nothing. That’s the first thing every person our age needs to learn quick.

Perseverance is key to everything. It took me 5 weeks and almost 40+ applications until I got my first job working prep in a restaurant. I get that it’s difficult but not impossible. What irks me and I understand you don’t me offense but you are fortunate to even have the option of community college/transfer in front of you that won’t literally destroy your family and yourself in a mound of debt. I don’t care if you see ASU as the porsche of educations. It is NOT worth throwing everything under the bus, even if you worked so hard and you have and I will not debate that point.

What you need is to swallow a dose of reality and be humble with the option of community college. In the end all that matters is where your degree came from, not where you started. If you have lurked enough on this website you will know that anything more than the stafford limit is awful and unless this is MIT or Stanford we are talking about, any more loans from anywhere is a no-go. What I would do is breathe, reflect how far you have come, pat yourself on the back, and look into community college or working seriously. This will not be the end of your world. It will just be a small stepping stone in life :slight_smile:

@atomicPACMAN07 I know, life does not owe me anything and I never said it did. And I know perseverance is everything. I believe I have portrayed it many times before. :slight_smile: All I asked on here was aid on dealing with my financial aid packages, and everyone brings up yet again Community College and my other threads.

This might be an odd question, but is there any way to delete a College Confidential account??

@Lovenetc the reason we give great concern is because we worry you won’t listen to our warnings until it’s too late. Do you realize what $1,000+/month loan repayments for life look like, whether it be yourself or your family? This is nothing more than financial suicide and that’s why we want you to avoid pulling the trigger if you do not have the resources to fulfill your dreams immediately…

We bring up community college and your threads because we worry you won’t want to face the wind of the situation. It’s really late to make a difference in your senior year. You can either plunge yourself into the oblivion of debt with ASU or just take time to at least figure out another option that won’t put such financial burden. That is all.

Even then, what If I can’t afford Pima? :’( Say I do go, I still need a few thousand. I didn’t read to much about the scholarship flier they sent me. What do I do for that? :confused:

Are they more generous with financial aid or am I going to receive nada because my EFC is egregious?

How much can you actually afford for college by the fall? What specifics did your parents say? Worst case scenario you can borrow up to a stafford limit for community college worse case…it’s not ideal but better than the ASU situation.

Pima is less than $2,000 each semester. If your family can’t afford that, you still would be able to borrow an unsubsidized student loan.

@Lovenetc, many people can’t go to their first choice school for financial reasons, even after they worked hard to get in. I got into Stanford back in the day, but my parents couldn’t afford it. I was disappointed, but went to my state’s flagship where I got a great education and met my husband. (And, my husband didn’t go to Amherst for financial reasons). We have three college age children now:).

There isn’t one magical place to be educated. Just because you work hard, doesn’t mean you can get everything the way you want it. Under most circumstances, going into substantial debt is not worth your college experience. There is nothing wrong with being smart and starting with community college first. It’s working for some our family members who are now at their dream school.

How are you going to feel if your family manages to fund only one or two years of your schooling before the bottom falls out and you have to withdraw? Then you will have debt and no degree.

I wish you well with all of this.

OP you are allowing your dream to turn into a nightmare! Do you know how many others worked hard and couldn’t afford the schools they applied to? Many! I have a neighbor who is a college dropout. They were able to get thru freshman year but after that no more money was to be borrowed. The cost was too great. IMO that predicament is so much worse than deciding not to attend to begin with. The boy is depressed and suicidal. He should’ve chosen another less expensive path to begin with. You should too.

Nope - you can’t delete your College Confidential account.

@lovenetc