Okay so I will be attending UNC Chapel Hill in the fall. I only received $5,550 per year in federal unsubsidized loans. I then received $10,000 per year locally in scholarships. That leaves $10,000 unaccounted for and my parent’s current financial situation has left them unable to pay. (Large income but bad financial decisions) So what am I to do? Where is the best place to go for student loans? Or is there any way to get out of having to get private loans?
Will your parents be able to cosign a loan for you?
You already have the max federal loan; the only other option is private. There is a website called privatestudentloans.guru that explains how private loans work. You will need a cosigner with good credit; will your parents qualify? And are they willing to take on that obligation?
You are setting yourself up for at least 60,000 in debt with this plan, which is terrible. You should consider going somewhere cheaper, perhaps starting at community college and transferring.
If your parents made poor financial decisions, then I don’t see how they can cosign private loans.
Furthermore, you want to go to med school. You should NOT be borrowing much for undergrad because you’ll have HUGE loans for med school.
You had previous threads asking about Duke and other schools. WHY weren’t you concerned about paying back then when you could have made other choices?
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$10,000 per year locally in scholarships. T
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You received $40k total in local scholarships? Are you sure that those various scholarships will provide for FOUR years? Often local ones do not.