<p>So recently, I got accepted into an excellent university in England (hint: it's Cambridge's counterpart....), and I wasn't expecting to get in at all, and so didn't think about finance in any respect. </p>
<p>I really want to go, though, so I want to know if A) to what extent will FAFSA pay for this
B) if there are any scholarships out there that don't only apply to US universities, and C) the best private loan companies.</p>
<p>Again, I didn't plan on getting into this school, so any financial info would be appreciated.</p>
<p>FAFSA is just a federal app for federal aid, which isn’t much at all.</p>
<p>If you’re low income, then you might qualify for a 5500 Pell Grant. You’d also qualify for a 5500 student loan. Obviously, that isn’t enough to pay for college.</p>
<p>I’m not sure if any of the above is given to attend schools that are abroad. Someone here might know. Since the FA office of a school does the awarding, I don’t know how a foreign school can do that.</p>
<p>It is not a good idea to be borrowing lots of money to attend college. Private loans require willing and qualified co-signers. And the co-signer needs to be re-qualified each year. With each year’s loan, the person’s credit score goes down and may not qualify again. </p>
<p>The private scholarships that are more than just freshman year likely have deadlines that have already passed. The remaining ones are likely for small amounts and only for frosh year. </p>
<p>What are your parents saying? How much will THEY pay?</p>
<p>Does this school provide any financial aid to US students?</p>
<p>Edited to add…you’re a high stats URM. If you need funding, then it’s more likely that one of your US top schools will accept you and fund your education.</p>
<p>My parents don’t mind helping me to pay for it, but I would like to take on as much of the cost as possible. No, the school does not provide financial aid to US students, and my family doesn’t qualify for a Pell Grant. </p>
<p>The point is that I’ve already decided that I am going, I just want to know if anyone has any suggestions as to where to acquire funding for this. Thanks for that info!</p>
<p>You can “decide” you are going all you want. But magical thinking won’t pay the bill. There is no money fairy. </p>
<p>You can take out a $5,500 Stafford loan on your own. That’s it. All the other money will need to come from your parents either via savings, income, or loans they take out. No company will give you a private loan without a co-signer. That would be your parents. </p>
<p>If the school is not giving you a scholarship you have no other options. And taking out loans over the Stafford loan limit is a terrible idea.</p>
<p>If your parents can’t foot the entire bill less the Stafford loan you can’t afford to go. Wishing otherwise won’t make it so.</p>
<p>You need to find out if you can get the $5500 Stafford loan for that school But it is a loan. Your parents can borrow PLUS, again if it is permitted for your scenario. Otherwise, you have to look to the school itself and for outside scholarships (which are usually for first year only) for money. Talk to someone at that school for ideas on how students there are paying for it.</p>
<p>I realize that it’s exciting to get accepted to this school. However, that excitement will turn into a nightmare if you’re burdened with loans during your young adult life. </p>
<p>You’ve applied to other top schools, like H. If you get into there, you’ll get great aid.</p>
<p>How much will you let your parents pay each year?</p>
<p>How much is the COA to this school? $50k? more? less? Plus int’l travel?</p>
<p>If the school is Oxford, then it does qualify, but only for Stafford loans and Plus loans for this student. No free money since the student isn’t Pell eligible. </p>
<p>Depending on how much the parents will pay each year, the resulting debt could be daunting.</p>