Hello,
Has anyone else received their financial aid package?
I received mine, but I don’t know if it is a good award package or not.
I am receiving $25,827 / yr.
They are giving me $9,750 in loans. This adds up to a cost of attendance of $35,577 / yr.
Condtl FDL Subsidized Loan: $5,500.00
FDL Unsubsidized Loan 1.073%: $2,000.00
Parent Loan Option-Apply 4.292%: $2,250.00
Isn’t almost $10,000 in loans a lot of money to pay back?
Especially when you do it for 4 years.
If you need to take out $40k in loans, the school is too expensive.
You can save nearly $5k by opting out of the health insurance and choosing a less expensive dorm option.
http://financialaid.ucsc.edu/costs/2015-16%20undergraduate-costs.html
http://housing.ucsc.edu/rates/index.html
Books and Supplies is probably high too - taking you down to about $5k per year shortfall.
I bet you could probably make $5k per year working summers.
Congrats and good luck.
@NCalRent I am actually a transfer student, so I would only be taking these loans out for two years. Do you think this is still not a good deal?
As a transfer student, you can probably get by on even less than a dorm budget. Work hard to keep your expenses down and you might not need a loan at all.