Question about Minnesota Financial aid! Help!

Got the usual $5,500 loan. Also got workstudy for $2,700 BUT it also says Fed Direct PARENT Loan 36,990.00. Is tthis a grant? A loan from the university? What is this $36,990.00

No, it’s not a grant. It’s a loan that your parents are expected to take out. From what I can tell, if your parents refuse to take out loans, your only option is a private loan from a bank to cover the rest of your costs (unless you have thousands of dollars sitting around to pay tuition/room/board/books, I guess).

Parent loan or Co-signed student loans are the only options if the cash is not available. This means that you/your parents will be on the hook for approx $160K in loans when you finish in 4 years.

We walked away from MN-TwinCities when our offer was similar. I suggest you do the same.

@likefootball36 That means that you did not received any scholarships other than the work study and you or your parents would be responsible for paying the $36.900 plus the $5500. What a racket… As @SnowflakeDogMom suggest, walk away…

The “Parent Plus” information is about what they are allowed to borrow, should they need to. They give you the big number so you know what is permitted. Hopefully your family has some savings etc.

It means you’re not an instate student and didn’t get sufficient financial aid. Since the university is public, it serves the students of the state of MN alongside Wisconsin due to reciprocity.
It’s also called an admit-deny - that amount in loans is unsustainable (it’s more for one year than you should be taking for all 4 years!) Therefore, they pretend they admitted you in case you’re foolish enough to spend the money but in reality they denied you because they made it financially unwise to do so.
Where else have you been admitted?

MYO - you have no idea if the admit with no aid is sustainable or not for the family in question. I appreciate that it is unpleasant to be told you can’t afford a school you like, but you have no idea if it is unwise for this person to attend. For all you know, the family has major resources in the bank, or the kid has an external scholarship. So please. Enough with the judgment.