Thank you
Planning to borrower to meet all normal living expenses is probably the most horrible thing you can do for your financial future. You will be paying back way more than what you borrowed because you will accumulating a very massive debt. In the end, it's just not worth it. You are much better off working at least part-time, even if it's only to reduce the amount of loan debt you will incur.
Better yet, hold off on school until you and your wife are more prepared. I suggest you spend some time saving to help fund your education instead of living off of loans if you truly feel that you will be completely incapable of working while attending school. Do not get yourself into debt that will be difficult or impossible for you to actually repay.
Now, to answer your question, the maximum you can borrower as a first-year college student is $3500 subsidized federal Stafford loan plus $4000 unsubsidized. The subsidized loan amount is based on your financial need as determined off of your FAFSA so there is not an official guarantee that you will qualify for that full amount subisidized. So, as you can clearly see, there is no way that all of your personal/living expenses are going to be met with only $7500. It is a better idea to save before you start, then work at least part-time during school.
It is very unlikely you will be able to borrow enough to pay for school and ALL your living expenses. Anyone who has had a life before college, (rent, house, kids, car, visa, water, electric, gas, insurance, etc.) isn't able to maintain that lifestyle and NOT work unless you both are planing on moving in with your parents.
I doubt the programs you are getting into require you to be there 24/7 - you should both work part time. Independent freshman can borrow up to 7,500 per year.
Good luck
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