<p>I reside in philadelphia, and The College of Business Administration is the most appealing college for me to enroll into.
I am in the 3 coop/5 years program
I have been trying to calculate the cost of attending NU and this is as far as I got.</p>
<p>This is the financial aid I was given for the first year:
University grant: 20,000 dollars( up to 80,000 over undergraduate career)
Federal Pell grant:1,600 dollars( 800 per semester)
Federal SEOG grant: 3,000 dollars( 1,500 per semester)
Federal Subsdized Stafford Loan:2,000 dollars( 1,000 per semester)
Federal Unsubsdized Stafford Loan:2,000 dollars( 1,000 per semester)
Federal Perkins Loan:2,000 dollars( 1,000 per semester)
Federal Work Study Program:2,200 dollars( 1,100 dollars per semester)</p>
<pre><code> This is what I am expecting:
</code></pre>
<p>the expected tuition, fees, R&B, books, transportation, and personal is $54,078 </p>
<p>since the coop includes no tuition, and I have basically 8 semesters,
I muliplied it by 4.
which equals $216,312</p>
<p>Then I subtracted this by my university grant( expectedly $80,000)
$136,312</p>
<p>Then I subtracted this by my federal grants, which I hope do not decrease, despite the coop: $5,600 for two semesters, so $22,400 for 8 semesters.
I was left with $113,912</p>
<pre><code> Now this is where I need consulting:
</code></pre>
<p>So far this reality has been reduced to $113,912 ( $22,782.4 dollars per year for 5 years)
Yet, this still not really plausible.</p>
<p>I hope I can take $8,800 off, due to the work-study( As you can see, I am determined on avoiding loans)
and be left with $105,112 over 5 years.</p>
<p>I kept hoping my 3 coops would provide me around $45,000 to pay this cost,
but this seems to be wishful thinking( which I'm good at).
I must pay living expenses, during the coop. These expenses would require me to use much of my coop money. Furthermore, I suspect that federal aid will decrease, due to the coop money.</p>
<p>So, I did not add the coop money to my arsenal to manage my bill, and I did not add the Room and Board, during the coop, to my bill. They might suppress each other.</p>
<p>O.K., I'll give in. I'll use the federal subsidized loan, which is $2,000. I am not sure whether I get to use this for four years or five years, but I'll assume 4. That's $8,000
Now, I am looking at $97,112(5 digits) over 5 years, which is $19,422 per year.</p>
<p>I am afraid, I cannot reduce it any further with much certainty. I'm imaging maybe I might coop back in philly, so I can live in my house, while being able to use most of my coop money to pay off the cost. May be, I will work a part time job( in addition to the work study) to help. I heard not to depend on outside scholarships, but I can still imagine them.<br>
Hopefully, everything will work out.</p>
<p>This probably the most influential decision in my life, affecting maybe where I will reside, my friends, the impact of my life, my family, my lifestyle, and my actions. </p>
<p>Can you guys consult with me. Is there anything I am missing? Is there any advise I need?
Thank you very much for reading.</p>