I'm not planning on going to school full time until Fall 2009, but I was curious as to how much financial aid I could expect when that time rolls around so I applied for full financial aid this year as if I were going back this fall. And after some calculations, I don't see how I'll ever be able to pay for school.
All together, including tuition, books, insurance and fees, school is going to cost me about $15,710 per year. If I'm going to go full time and work minimally, I'll probably have to take out another $9,000 a year for living expenses (1,000 per month).
Grand total for school for one year: $24,710.
Grand total available in loans/grants: $17,500.
Something just doesn't add up.
I don't think I can work much during the school year. I'll be taking only four classes a semester, but each of those classes will be either lab courses or advanced science courses. If I want to maintain good grades (and I do...grad school is in the plan), I'm gonna have to work pretty hard which won't leave me with a lot of time outside of school.
I suppose I can apply for tons of scholarships, but I don't have a great GPA right now (because of a semester 7 years ago) and I also don't have the option of doing research (which would put me in the competition) because I'm working full time.
One question: When I apply for financial aid for 2009-2010, is there a way to indicate that my income from 2008-2009 will NOT be the same for 2009-2010? I mean, FAFSA will get my info and according to them, I'll be making a decent salary. So, can I tell OPU that going full-time will mean that I won't have income and will they base my financial aid on that information?
Anyone want to put me through school?
Turns out I have $10,000 available in loans from lenders...so I guess it does work out okay.