Hi!
I wanted to ask anyone who is getting started in a program or is in a program if they are or have gone through same issues as I am with the financial part of getting in to school.
I filled out the FAFSA and am receiving an unsubsidized loan for school, that is 20,500 for the year and am also receiving a scholarship of 1,500 for the year. But programs are super expensive. I was approved for the Grad Plus loan which is supposed to cover the full cost of attendance -- not only tuition. The school I'm going to provided a breakdown of the first semester cost of attendance at $32,669 including tuition and fees, room and board, personal expenses, transportation, etc. And then I was told by my advisor that once my grad plus loan is processed and added to my account my total aid will be $47,000 divided among 3 semester: Fall, winter, and summer (which begins in May for them). However $47k divided among 3 semesters is only $15,666 a semester, which only covers my school's cost of tuition and doesn't at all consider the cost of attendance like the Grad Plus loan should.
I have talked to about 3 different people in my school's financial aid Dept. Who don't seem to have any sort of answer for me. It's been extremely frustrating because the Grad Plus is supposed to cover cost of attendance but it seems like it's only covering tuition and no one seems to have answers.
If anyone out there could give me some sort of insight I would greatly appreciate it! I am suppose to be starting this program in September and moving out there in mid August, but I don't see how it can happen without getting the financial side figured out.
Thank you!
I wanted to ask anyone who is getting started in a program or is in a program if they are or have gone through same issues as I am with the financial part of getting in to school.
I filled out the FAFSA and am receiving an unsubsidized loan for school, that is 20,500 for the year and am also receiving a scholarship of 1,500 for the year. But programs are super expensive. I was approved for the Grad Plus loan which is supposed to cover the full cost of attendance -- not only tuition. The school I'm going to provided a breakdown of the first semester cost of attendance at $32,669 including tuition and fees, room and board, personal expenses, transportation, etc. And then I was told by my advisor that once my grad plus loan is processed and added to my account my total aid will be $47,000 divided among 3 semester: Fall, winter, and summer (which begins in May for them). However $47k divided among 3 semesters is only $15,666 a semester, which only covers my school's cost of tuition and doesn't at all consider the cost of attendance like the Grad Plus loan should.
I have talked to about 3 different people in my school's financial aid Dept. Who don't seem to have any sort of answer for me. It's been extremely frustrating because the Grad Plus is supposed to cover cost of attendance but it seems like it's only covering tuition and no one seems to have answers.
If anyone out there could give me some sort of insight I would greatly appreciate it! I am suppose to be starting this program in September and moving out there in mid August, but I don't see how it can happen without getting the financial side figured out.
Thank you!