Should I go to Baylor or look somewhere else

Hello I just finished most of my basics at community college and I got accepted to Baylor University as a transfer student for the fall (premed, neuroscience major). They gave me a transfer & need-base scholarship plus grants/loans to cover the coa and since I’m only living off campus, I’m only paying for tuition and fees. So the tuition plus the fees add up to $47,564 for the school year. $39,395 is cover in aid that’s with the scholarship, grants and federal loans combined. If I subtract that I would only pay $8.1-8.6k/year to attend Baylor. The thing is I already have arrangements to attend like I have my classes, apartment (signed a lease) and everything set to go and last minute my family are going through financial strains and told me to drop everything and just apply to UNT last minute since they don’t know if they can contribute to paying my college at all. Now I’m stuck in a pothole because not only I have to apply to unt last minute and see if they can squeeze me in with classes and good financial aid, but I already signed a one year lease with the apartment in Waco thinking that I’m fully committed to Baylor and I can’t find anyone who can take over my lease I even posted on the group Facebook page to see if anyone can take it since my parents are forcing me not to attend Baylor anymore. I’m not sure what to do because I want to just pull out private loans to go to Baylor but I’m also just thinking I should wait and hear back from unt and see what they offer me but I only have until August 26 and that’s when school starts. Any advice even with a grain of salt would help because I’m stuck. Thank you!

8K is a steal - go! I think if you don’t press on you will regret it one day. Assuming you will earn a successful living in life (which all indicators say you will), you will have no trouble paying back your loans. Just make sure you are smart with your money and learn to manage it as you mature.

Go to Baylor - enjoy it and study hard! Congratulations!

Where will you get the $8000 balance? Will your parents co-sign a loan for you? Do you have some savings? A job?

Can your parents swing $800 a month for a 10 month payment plan?

If the financial strain is loss of a job…talk to Baylor financial aid ASAP and see if they can help you.

@Empireapple this student already has the federally funded student loans in the financial aid package they received. The $8000 is the balance…and needs to be paid.

@thumper1 I have some savings like $3,000 in savings and I wanna keep saving up more. My only options are private loans either with or without a co-signer to cover the school year and I can continue to save up to cover the next school year. I suggested to my parents that we should do the payment plan and my parents are hesitant that they won’t be able to make payments on time. I plan on working during the school year because I also have to cover my rent, books, groceries, etc. The financial strain is my parents losing their business I could call the school and see if they can help me out because my family’s financial situation is last minute and my parents are really suggesting that I should just go ahead and apply to UNT last minute and try to squeeze in with whatever aid/classes they have left before school starts, but the thing is I’m already locked on a one year lease with the Waco apartment so I’m not sure how I’m going to do this if my arrangements with Baylor are going to change.

Contact a financial aid advisor at Baylor first thing Monday morning. Do you have documentation that this business has folded? Bring anything with you that can prove your change in financial circumstances. They might be able to help.

You have to cover $8000 or so in tuition and fees costs PLUS your living expenses. That could easily be $1000 a month. Can you cover $20,000 or so?

@thumper1 The only proof I have is a letter that the state sent to my parents regarding that their business is on the blacklist for 7 years It’s a nursing home/business, but I’m not sure if it’s actual proof of financial circumstances because if they don’t resolve their issue they may lose their patients which means it’s going to be hard for them to get themselves out of it. They’re trying to find someone who can buy their business but no luck. My mother doesn’t really have a actual job since she’s been convicted of a felony (dealing with business) for a very long time so it’s hard for her to find a full time job on the side that she can do besides her personal business. My dad on the other hand isn’t contributing and my parents been “separated” for a couple of months. What if I don’t find a solution to paying $8k a year? should I just wait and hear back from UNT and attend there?

I already sent my application on Friday I just need to send my transcripts and when I get accepted I’ll have to pull out all the tax return documents. Like I said I have until classes start which is August 26th

thumper1 if OP is asking IF they should go to Baylor I’m assuming they have access to loans to do so. If not, they obviously it’s a mute question.

So I called the financial aid office and they told me that I can submit a circumstance form and they will look into it. For now I can apply for the parent plus loan and see if my parents can get approved from that. If denied I can get an addition $4,000/year in unsubsidized loans added to my award which that can be feasible for me because I can actually do the payment plan and work during the school year and make those payments. I know pulling out more loans isn’t ideal but it’s better than reverting to private loan lenders