The college I am planning on attending, UCSB, is 90k for out of state. After a year I can switch to in state, which is 50k. My college fund has about 70k, and I’ve applied for scholarships. Obviously, I’ll need to take out loans on top of this, but have no idea what kinds, or how much, or what the risk of all of it will be. My planned degree is marine biology, which is not going to be super lucrative. Any advice will be much appreciated!!!
Need advice for loan types
byu/One_Pudding_7286 inStudentLoans
Posted by One_Pudding_7286
4 Comments
90k is the total amount for the 1 year?? Or for all of college?
$90k a year is insanity
Unless you have a wealthy family to support you financially for 10-15 years after college, you will be drowning yourself with debt. At least try and temper it some by going to community college in California for two years first to get as many transferable credits as possible while establishing residency. Finish at UCSB, hopefully no more than 2yrs at in-state tuition rates. Try to work and save as much $$ as you can while in CC.
Edit: and only consider FEDERAL student loans as a last resort. Stay as far away from private loans as possible.
Jesus. 50k per year even for in state? My sibling went to UCSB and graduated with only ~70k in loans a little over 10 years ago.
Makes me glad I went to the local state school for only 6k per year….mostly because I didn’t have the highschool grades to get accepted to UCSB haha
Is 90k+50k X 3 worth it for FreeB¡rds and Deltopia?