Hello, i am a senior who is an upcoming college freshman and looking for advice regarding paying my expenses
I am a first generation student, and don’t have a living parent so theres no financial assistance or college funds for me.
I am committed to my states flagship, and my tuition, housing, , books and fees are covered. However, i still have to pay the mandatory 8k meal plan. Like O said, i don’t have any assistance and don’t have any way to pay 8k.unless i can win an external scholarship (not guaranteed )I will have to take out a loan.
My plan is to become an RA starting sophomore year, and use the free housing so id have the money to cover my meal plan.
I suppose my question is, would you guys suggest taking out a loan for this? And if not, what else should I do?
Is it worth taking out a loan for this?
byu/Classic_Side_4429 inStudentLoans
Posted by Classic_Side_4429
2 Comments
8k a year and that’s it? I’d feel okay doing that. Especially if it’s fed loans. That’s a decent deal.
Stick with federal student loans. As a dependent undergrad you can borrow up to $5.5k for your freshman year. Come up $2.5k from your earnings.