<p>My parents saved enough to able to afford to pay in full through the end of my junior year. The problem is though, is that I am going to be a second semester junior starting january. I know absolutely nothing about financial aid. Is it possible for me to get any kind of aid? Money was something I never thought about when deciding where to go to school, because my parents absolutely refused to let it decide where I would go. Now, it might be a problem...</p>
<p>Does your school meet full need? If yes, you need to ask if they will meet your need although you didn’t receive aid in the past.</p>
<p>Otherwise, all you can do is fill out FAFSA and Profile if your school uses it and see if they offer any aid. Everyone can get an unsubsidized Stafford which should be $7500. After that you may need private loans.</p>
<p>Odd…how did your parents expect your senior year to get paid??? What have they been saying? Frankly, since they were the ones who wouldn’t let you worry about money, they should be the ones to figure out how senior year will get paid.</p>
<p>What school is thisi?</p>
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<p>Good point, but I’m not sure the school will take that as an excuse after the bill for the 1st semester comes due and they put a hold on her account. </p>
<p>I’m going to have to ask you to do something weird and kind of scary, but you might have to fill out a form called the FAFSA that you can find at the website of the same name. As 2college said, you can at least get an unsubsidized loan. Then, I want you to talk to your school and see if they’ll accept a monthly payment plan from you. Many schools have these set up to make paying off a gap much more manageable. Your parents might not have saved enough to cover it at once, but they might be able to pay it off in monthly installments for a few months. The situation isn’t necessarily as bad as it seems since you only have 1 year left to borrow for and you’re not going to be one of those kids who tries to put 3 years and a study-abroad cruise to Tahiti on a credit card or something.</p>
<p>I’m guessing your parents will still want to finance your education and will either take a private or a Parent Plus (federal) loan. Based on your other thread, they seem to have the means to finance your senior year out of current and/or future income. Of course you could get a job to pay for your incidental expenses, which would be good for your resume too.</p>