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Uh Oh! Financial Aid Package Came in the Mail Today

Discussion in 'Pre-Medical - MD' started by ZekeMD, Apr 10, 2004.

  1. ZekeMD

    10+ Year Member

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    I received my Financial Aid Package from Rochester today. So I opened it up to see that I had received ~10K in scholarships :thumbup:. I was very excited about that, until I looked at the rest. I'll be taking about 40K in loans this year alone :scared: ! Is anyone else feeling a bit overwhelmed by this? I felt like I was signing my life away when I was filling out the promissary note. Please tell me I'm not alone in this and some of you are also taking out lots and lots of loans!
     
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  3. Cerberus

    Cerberus Heroic Necromancer
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    wow! thats a lot! HPSP sound really good....
     
  4. ice_23

    ice_23 Economics Monster
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    Damn I feel for you. I don't know what my aid packages are going to be, but I'm sure that other people are in a similar situation.

    -Ice
     
  5. SaltySqueegee

    SaltySqueegee El Rey de Salsa
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    namas de? .
     
  6. ice_23

    ice_23 Economics Monster
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    huh?

    -Ice
     
  7. SaltySqueegee

    SaltySqueegee El Rey de Salsa
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    hmmm... maybe not... your quote looked distinctly hindu... never mind.
     
  8. jlee9531

    jlee9531 J,A,S
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    outside of the rich kids and the merit kids....

    most of us will take everything out via loans. so you have a 40K head start on the rest of us. lucky you.

    :)
     
  9. josehernandez94

    josehernandez94 Senior Member
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    Zeke,

    When did you submit your financial aid application to Rochester (i.e., how long did it take you to hear from them with their decision?). I only submitted mine last week, so I was wondering how long I should expect to wait. Also, do they give you a breakdown for how much they allocate for housing, transportation, food, etc or do they just give you a lump sum? I'm most curious about the housing allocation (it was $600 last year for rent+utilities) and I'm curious if it's going up at all for this upcoming year.
     
  10. joker

    joker Senior Member
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    $40,000 is loans is not THAT bad. im going to be borrowing around $59,000 to go to UPENN next year (assuming they don't give me any need based scholarships). Which brings me to another point...I know I will get the $38,500 in govt loans, but where should I go to get the private loans which will cover my living expenses and stuff? I'm new to this, so any help would be appreciated!
     

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