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| *Loan,banking and credit>>>college loan |
Is it possible to get $50,000 a year for college through loans? |
The college I really want to go to is $50,000 a year, and others like it are in the same price range. I have absolutely no money for college though. I have no kind of college fund, and if I get a job and start saving it's still going to be very little. Are there programs that can help people who really need money like me, or am I going to forget my dreams and settle for a community college? Also, I don't think I can win any scholarships. They just say, "Write an essay," without giving you any idea of where to start. I can't work with that. what you do is apply for both stafford loans, and have your parents apply for parent plus loans.. This is what about 80% of kids in college do to ge tthe money they need to pay for school.. The parent plus loan is a loan your parentss take out on your behalf.. It has pretty easy qualifications, and will give you the money tyou need to get things done.. I work with a student aid lending, and we issue these loans on a daily basis.. Give me a call or shoot me an email sometime and i can explain it in more detail.. thanks, Jason Fry Student Aid Lending 800-964-0642 ext 114 jasonf@StudentAidLending.com If you can't write a simple essay, why would you go to a $50k a year school? There are lots of places in between community college and a school that costs $50, 000 a year. Besides, you should ideally apply to 10 to 15 schools to make sure you have enough options and opportunities to get accepted. A lot of state schools are really cheap, even if you are from out of state. For example a lot of the California State schools are $10,000 or less for out of state undergraduates (if I'm remembering that correctly).There are both federal and private loans. The federal ones you can get on your own, you might have more trouble getting a private loan if you don't have a high credit rating and/ or a co-signer. But the less you have to borrow the better, so you might look into the mid-range schools and when it comes to the essay, assign yourself a topic--how your education will help with you career goals, etc. They are looking for good writing and intelligence. Good luck :) A a freshman the most loans you will be able get stafford subsidized and unsub is on the average $6000, as a senior, max will be like $15,000..Even with full pell, they will not near to covering that...If they ask for an essay and don't give you a topic, they want to come up with one..if you cant write an essay for college, maybe you shoud consider a community college, they will give you those skills..and to even get into med school, you will have to know how to write a LOT more than essays..like tons of research papers...med schools are over $100, 000 year JUSt tuition plue books, fees, insurance, etc... I don't think you have thought this whole plan through too well. If you borrowed $50 K a year for college . that means you would enter Medical school owing $200,000. The interest alone on that would be $15000 or more a year. If you didnt get into medical school, how would you ever pay it off! And if you did get into medical school, you would have to pay another $200,000 at least. So, with interest, you would get out of medical school owing $500,000 -- that's about $30,000 a year interest and a first year doctor in residency probably makes about $35,000. You wouldn't have money for cornflakes. So, forget it. There's not possible way to borrow this much. OK, so what then? Many of the top schools have "need-blind" admissions and "need" based scholarships. If your family qualifies, then if you are admitted they will give, grant or loan you all the money you need to attend. That's one ofthe reasons why competition to get into these schools is so tough. Everyone wants a free ride. So, to get into an Ivy or Duke or Stanford etc you need top grades and test scores as well as top recommendations from your academic teachers. I think your best bet is to go to your state university. You can get a job and probably some small scholarships and when you get out, you are not going to owe very much. You will have to beat out the competition there, but if you want to be an MD, that's a viable plan. I must say, though, that if you are having trouble writing a simple essay, that you are going to have a BIG problem competing against the students who are applying for med school. Med School admission is really tough and only the best students get in. If you weren't one of the best students in your chemistry and calculus classes, then you may want to rethink your plans to be a MD. sorry, but there is no way your plan is going to work. You wouldn't buy a 200,000 car if it's way out of your range, it's the same with college. You should at least be reasonable. I tried going to a school my first year that was almost 30,000 with all the expenses, I got some aid, but I realized there was no way I'd want to be stuck with all the loans of another 3 years or more, so I transferred to an in-state school. There are government programs for people who need money, but they have their limits. They're not going to tax everyone else just to give you a free ride at a 50,000 a year school. And scholarships do not just all say "write an essay". The ones I see have specfic topics. And other people are right, going to med school does not mean not having to know how to write. But anyways, you'd have to win A LOT of scholarships to be able to afford what you want. And what's with this, if I don't go to a school that costs 50,000 I have to go to a community college and my dreams are forever ruined attitude? That makes no sense, go to a normal 4- year school like everyone else and don't be so dramatic. |
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