<p>Well, even if that’s so (and $5K seems very low to me for a residential student at the 60% mark, with unearned Pell grant money in the picture…that’s why I’m wondering if they didn’t calculate the amount of federal aid you’d have to repay), I would not plan on keeping $3600 to buy books or anything else! You OWE $5500 on those federal loans that is NOT included in the $5K figure. Use whatever you get to pay down those loans! Btw, you are aware that payments will start on the loans in 6 months, right?</p>
<p>You should plan to get a job and save up for books and whatever else you’ll need for next fall…and to make your loan payments!</p>