<p>USC's giving me a huge grant...(since my dad only makes 38K and also supports 3 households (me, my brother, and themselves) in 3 different parts of the world... Also my bro also goto an expensive Ivy...)</p>
<p>University Grant $31,401 $0
Federal Perkins Loan $2,380 $0
Subsidized Federal Stafford Loan $2,625 $0
Federal Work-Study $2,500 $0
Total Financial Aid
$38,906</p>
<p>The difference between your estimated cost of attendance (shown below) and your total financial aid eligibility is
$8,200</p>
<p>But the loan I would ultimately get each year would be...</p>
<p>2,380 + 2625 + 8200... right? Gah holy ****... Its not bad as NYU but still... Now i'm going to have definate concerns.</p>
<p>But too much loans. I don't know what to do... i'm choosing USC but i'm still concerned. My parents said they'll cover it... but with 38K? Not likely... Sigh.</p>
<p>BTW USC's policy says if you win a scholarship or something, the fin aid will likely go down... Would the grant or the loans go down more?</p>
<p>PS people has been having discussions about how USC gives you a good fin aid deal in your freshman year and then give you crappy deals when the student is in junior year.. is this true?</p>
<p>My D got into USC many years ago, at that time, some one on the board talked about their grants turning to loans for years 3 & 4. my D went elsewhere (not for that reason only, but it was part of the discussion) and as she approached year 3, there were people posting that it happened to them- grants went away.</p>
<p>Some private schools state up front that the aid is guaranteed (assuming your income/asset profile remains the same.) Were I you, I would talk to USC finaid and ask about it, try to ger answers in writing....seeing it on an internet forum is a great way to come up with the questions, but you need to go to the source, USC finaid, for the real answers. We don't know what happened with the posters...it could be their income went up! But, it is important to awsk so you can plan.</p>
<p>Apparently USC had a reputation of bait and switch back in the 80's and 90's, though no one seems sure if it was justified. There is nothing recent to support that. </p>
<p>USC is also one school that accepts sophomore transfers, so a lot of kids who have AP credits can finish their general ed in one year at the CC and can start their second year at USC.</p>