Will I receive any financial aid?

*Currently a senior in highschool Freshman in college next year.

You will probably only qualify for limited subsidized and unsubsidized federal direct loans (stafford loans or PLUS loans for your parents) based on need. If you must take loans do the subsidized but try not to take out any unecessary loans.

It also depends on how many siblings you have and if they are also in college.

Thanks. I will be the only one currently in college. In two years my sibling will also be attending college.

Why are you looking at $31k school when your parents make $110k?

You should be looking at schools you can actually afford. I would love to drive a Cadillac but I can afford a Chevrolet. Why is college viewed differently? Colleges are businesses who want to maximize profit, just like GM. If you can't afford a private school (a Cadillac), you shouldn't depend on someone else to foot the bill. An instate public school is what you should be looking at. It sounds like that's what's in your price range.

fdhd wrote:

You will probably only qualify for limited subsidized and unsubsidized federal direct loans (stafford loans or PLUS loans for your parents) based on need. If you must take loans do the subsidized but try not to take out any unecessary loans.

It also depends on how many siblings you have and if they are also in college.

My parents make about the same as yours. I'm an only child so I only qualified for the unsubsidized loans (and parent plus but i didn't want my parents taking on debt for me), but attend a state school so I am able to pay off my living costs with a job and take out the loan to cover tuition. after three years I have accumulated a total of $700 in interest and will probably graduate with around $20,000 in debt.

logic wrote:

Why are you looking at $31k school when your parents make $110k?

You should be looking at schools you can actually afford. I would love to drive a Cadillac but I can afford a Chevrolet. Why is college viewed differently? Colleges are businesses who want to maximize profit, just like GM. If you can't afford a private school (a Cadillac), you shouldn't depend on someone else to foot the bill. An instate public school is what you should be looking at. It sounds like that's what's in your price range.

My parents make about the same as the OP's (well, a little less, but same range). Went to an Ivy that cost well more than $31K, but it ended up being substantially cheaper for me to go to the Ivy than to go to my state school.

I did also get government loans. The government isn't "footing my bill" in the sense that I'm a freeloader; I am currently paying the government back with a substantial amount of interest. It's a win-win.