I think he’s saying that the federal loan limit for undergrads (27,500 so I’m assuming he rounded up) is on him and whatever his parents have to take out with a PLUS loan (the remaining cost) is cosigned by his parents and is on them.
@Qwerty568 That’s correct.
I just committed to UMichigan today! I’m officially a Wolverine!
Congrats Hawkace! My D did the same last Sunday and couldn’t be more excited. Good luck.
GO BLUE!
Good luck. You might have to say no to grad school, but a UG degree from Michigan will take you far.
Nah, grad school in engineering is usually funded. Master’s by a company, PhD’s from the school’s research funding.
@ClassicRockerDad Really? Never knew. And that is provided the OP sticks with engineering. Almost half of STEM majors switch.
Not the one’s who borrow $110,000, LOL!
" And that is provided the OP sticks with engineering. Almost half of STEM majors switch."
If that does happen, the university has a plethora of top notch programs covering many disciplines.
But then grad school wouldn’t be an option.
@CaliCash If I’m not mistaken, you’re still a high school senior, who is going to college next year. I wouldn’t make such bold statements if you really don’t know my situation.
I’m definitely not borrowing 110K, plus I plan on going to grad school, after joining a company or something. That’s 4 years from now, and I’m only focused on what’s coming up next. One step at a time.
@CaliCash You’ve honestly sound quite conceited with your multiple attempts at giving advice; especailly when you have little practical experience with life yourself, I hope your acceptance to Northwestern didn’t cause this. @Hawkace made a decision he sees fit for his situation, and it honestly seems immature with your constant attempt at proving your point’s validity, despite it having no relevance in helping Hawkace given his decision is all ready made.
Hawkace, I was only joking in post #47. I think you made the right decision. Best of luck.
@ClassicRockerDad Haha no worries. I got the joke. I just wanted to clear up any confusion, if any. :)>-
Congrats bud! It sounds like it must’ve been a difficult decision, but I think you made the best choice for you and that’s what counts! I think you’ll be able to find a way to deal with whatever debt you incur and it sounds to me like your determination and work ethic will take you far, not only in college, but in life as well. Give it your all! And most importantly: enjoy these next four years at one of the most incredible institutions in the nation! I know you’ll love it!!! 
I think Calicash is correct in saying that you would not be able to afford grad school IF it was not fully funded or you didn’t move back in with your parents- but it should be funded, in your case, because they usually are for engineering.
If your parents are willing to personally cover all of the loans above the 30K federal limit, you will be fine. Best of luck at Michigan. Go Wolverines!
@Homeless2Princeton Thanks man! I was so excited when I saw that you’re going to Princeton. Princeton>Harvard any day, but I’m kinda biased considering that I’m a Jersey boy.
@Qwerty568 We’ll see. What I know for sure is that our family will not be saddled with debt, unlike other families.
Thanks everyone for the well wishes!
@Hawkace @ZucchiniSoup Hey, no need to be hostile. I was just trying to sober you. If you don’t stick with engineering and go to grad school, you would have an exorbitant amount of debt in both your name and your parents name. You don’t need to be an adult to know that. You need to get a calculator and do the math. I’m not being conceited. I would say the same thing if I was going to a community college. Dare I say that you are being so hostile to me because of your dispositions if you will (i.e. The White Thread). So I don’t appreciate what you are insinuating. I’m simply providing advice and just because it doesn’t candy coat the amount of debt he will have doesn’t mean it isn’t true. Yeah Hawkace, you’re right. It is 4 years from now. But the debt you have in undergraduate school will limit your options for grad school. Even if it is funded, you may have to choose a smaller market with a lower cost of living so that you can pay off your loans in addition to the loans your parents have. Believe it or not, you should be living in the now and thinking ahead.
EDIT: You can’t turn back now anyway, so I’ll quit while I’m ahead.
The OP has made his decision where to attend college. This discussion should now come to an end.
Regardless of your opinions on his what his financial situation will be once he graduates from Michigan, OP has made his decision. Advice or sentiments towards debt now are unnecessary and fringe on unkind. Whether or not you think he made the right decision, it’s been made, and there’s no turning back, so no need to bash his decision now.