Hey guys! Merry early Christmas!! :kiss
Well, here I am on the brink of worry. :chuckle
I made the decision to pursue my BSN in leiu of my ADN. However, I am know looking at the financial aspects of the cost of attaining this new goal. :chuckle I laugh here because it is so much money, I have a hard time even imagining it.
This brings me to my question. As I am a first time 4 year University student, I have never applied for aid for this amount. At my CC, we have the Pell and that covers most of my expenses except for childcare. I have 2 previous loans from when I attended school directly out of High School. I am now at a Soph level.
My tuition is very expensive at the University. My pell hardly puts a dent in my tuition for 1 semester, let alone 2. We have 3 children and my husband is also taking his last semester of his Bach degree. So, our EFC number is very low. (which is a good thing)
My question pertains to loans while in school. If I am reading the rules correctly, the max amount that an undergrad can borrow under the Sub Staff Loan is $23000. (This would cover 1 year) The total for the unsub Staff Loan is $46000 but no more than $23000 of this Staff can be in Sub Staff Loans.
How do people afford to go to the Universities. Am I missing something? Are there other options. Dh and I were prepared to spend the money in loans for me to go to school but now I am concerned that we won't even be able to borrow the money???
So, all of you $$$ experts, let's hear it...