<p>At this point, I think they plan on my getting either big scholarships or loans (besides the 5500, I think that some colleges give merit loans</p>
<p>I have never heard of “merit loans”…I’m not sure they exist. You do NOT want to borrow more than the Stafford Direct amounts. That would be too much debt.</p>
<p>It sounds like your scores are on track to get good merit from a number of schools.</p>
<p>YES…it is possible for you to go to a good school, with an Honors College, with a good merit scholarship. However, until you have actual scores, it’s too hard to know.</p>
<p>Good luck with your PSAT…a good score there can really provide merit.</p>