With recently bankrupted parents and little current income, what is the route I should take in securing a financial plan for college that involves minimal or no out-of-pocket expenses?
Based on your current financial situation, you will probably be eligible for maximum financial aid. Your parents will not be eligible for the parent PLUS loan, which should add an additional $4,000 to your basic $3,500 Stafford Loan limit (effective July 1, 2007). You also need to look for private scholarships, but please keep in mind that unfortunate financial circumstances do not necessarily mean you will get enough financial aid to pay for your entire education. You should shop around and see what school is most affordable. Try both private and public colleges. Good luck!
Related Questions
- If most Foundation scholarships require financial need, is it worth applying if my parents income is above a certain amount or if I have been awarded a large scholarship from my college?
- With recently bankrupted parents and little current income, what is the route I should take in securing a financial plan for college that involves minimal or no out-of-pocket expenses?
- DO I HAVE TO MEET CERTAIN LOW INCOME CUT-OFF FINANCIAL REQUIREMENTS IN ORDER TO SPONSOR MY PARENTS AND CAN THEY BE REFUSED ON MEDICAL INADMISSIBILITY GROUNDS?
