<p>I am a UC Merced student who needs financial aid. My parents have bad credit so I was not able to get the Parent Plus Loan so I was wondering what are my options at this point. I really need financial aid to pay for this year so any information would help. I heard you could take a certain loan out in the name of the student? is that true? thanks for the help</p>
<p>Did you not apply for FAFSA this year? If your parents have bad credit, is their income so high that you couldn’t receive financial aid?</p>
<p>Tuition, housing and fees is less than all of the other UC’s-<$20K. Why didn’t you qualify for any grants?</p>
<p>I did apply for FAFSA this year but my mom was denied the Parent Plus loan because of her credit and no, my mom’s income is not so high that I couldnt receive aid. I haven’t looked into any grants that I am qualified for.</p>
<p>I’m not sure you really have any options except taking a semester/year off. It is true that you can take out private loans in your own name, but you need a cosigner with good credit for that, so it’s not very helpful.</p>
<p>e: What do you mean, you haven’t looked into any grants that you are qualified for? Need-based grants should have been included in your financial aid package; if there were no grants included, you didn’t qualify for any.</p>
<p>Taking a semester/year off is not an option right now. I know there is aid out there, I just dont know where to look. When i submitted my FAFSA it did say i was eligible for the Stafford Loan</p>
<p>There is probably not enough aid out there.</p>
<p>You qualify for a Stafford loan. The limit on this is normally $5,500 for freshmen, but because your parents were denied for a PLUS loan, the limit goes up to $9,500.</p>
<p>The cost of attendance is $26k, plus an extra 6k or so if you’re in the dorms.</p>
<p>If you haven’t been offered any other aid by your school, the only way you could conceivably fill the gap is to find a rich relative to cosign some private loans for you. But if you do this, you will graduate six figures in debt. That is… not a good idea, to say the least.</p>
<p>e:
I suppose I should also mention that a full-time job on top of your schooling might let you cover the costs. Getting a full time job in a college town is unlikely, and you wouldn’t have any sort of leisure time during the school year, but if you absolutely must attend UC Merced right now it’s an option. (It’s still a bad option and you shouldn’t do this)</p>
<p>Why aren’t you getting Blue & Gold?</p>
<p>???</p>
<p>what is in your aid pkg?</p>
<p>What was your FAFSA EFC?</p>
<p>Did you qualify for Blue and Gold?</p>
<p>Fees for Merced from the website list the “in-state” tuition and fees at just under $7k
[Fees</a> | Office of the Registrar](<a href=“http://registrar.ucmerced.edu/policies/fees]Fees”>Fees | Office of the Registrar)
Room rates vary according to requested type:
<a href=“http://housing.ucmerced.edu/docs/2012-13%20Rates%20and%20Room%20Types.pdf[/url]”>http://housing.ucmerced.edu/docs/2012-13%20Rates%20and%20Room%20Types.pdf</a>
So I get a total of $20K, I don’t know where Amrakov gets the $26K (OOS?)
These fees are “doable” if the OP checks with FA and finds out about Blue and Gold.</p>
<p>Aunt Bea…</p>
<p>You may be looking at the "per semester’ costs. You need to double the tuition, etc.</p>
<p>An instate student’s COA will be about $30k. Tuition/fees is about $14k.</p>
<p>For OOS students, you have to add in the listed “non resident supplemental” tuition listed towards the bottom.</p>
<p>An OOS student is going to pay about $36k for tuition and fees…plus a lot more for room, board, etc…COA around $50k</p>
<p>Abombies -</p>
<p>Taking a semester/year off is ALWAYS an option. You may not like it. It may make your program of studies less convenient. It may mean that you have to start paying back a boat-load of student loans sooner than you want to. But, it always is an option.</p>
<p>And, if you don’t have the money for your university expenses for this fall, taking time off will not merely be an option. It will be what you have to do because you won’t be able to enroll. So start planning now for that possibility.</p>
<p>If you’re a freshman, how about transfer to a community college that you can commute to?</p>
<p>Why this late to figure out how to pay for college?</p>
<p>mom 2: you’re right, I was looking at semester costs as that is how I am paying, per semesters.</p>