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[quote=Anonymous][quote=Anonymous]DC wants OOS college at +2x the price of our state college (had many discussions.... yikes).

College website states ~70k per year, fafsa calculator states 7.5k per year eligible for DC.

If I understand correctly (ex. https://www.reddit.com/r/UCI/comments/1dn3yf6/as_an_oos_student_do_i_still_receive_federal_aid/), parents (HHI over 150k) take out a yearly loan for remaining balance (Direct PLUS Loans @ 9%), pay monthly/interest on the loan, and hope DC becomes successfully employed in a high paying field upon graduation to take over the parents loan (even though the loan is in parents name)?

Can student take additional loans? If so, can payments be deferred until graduation? Can non-working/min-wage part-time students qualify for a significant loan amount?

10 year monthly payment at 9% for 240k is ~3k monthly.

[/quote]

This is absurd 
 
There is no college worth that loan ever

Teac h your kid financial responsibility

Who does  this?

Your kid will never make 5ha money back what if 5hey don’t get a job in the major or change majors ?

[/quote]

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