How can I afford this?????
I am seriously looking into Duquesne University. However, its around 30,000 a semester. That is a lot but it is the closest college with the major i am looking for. My family probably wont qualify for financial aid because we have too much in assests and I am applying for scholarships but if i decide to go there am i going to be in debt the rest of my life from loans?
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Answered by Found-1
I just looked up this school, and it's not 30K a semester it's 30K a year. I looked at the "majors" page and didn't see anything special... not sure what you want to major in but nothing JUMPED out at me as anything you couldn't get somewhere else at 1/10th the price. (A state school's tuition could be as low as $3000 a year.) And yes, if you go to this school you will likely have to take out student loans to attend. Think about it this way...4 years of school times 4 years = $120,000 This is an estimate, as tuition generally increases 2%-10%. So, to answer your question, how much of the 120,000+ can you come up with in cash or scholarships without borrowing? Whatever the amount be aware... to be able to afford the payments on your student loan you should expect to earn that much per year when you graduate. For example: graduate from your college career with a debt of 100,000 would be okay if you are qualified to be a doctor. (Payments would be about 1000 a month) Graduate with a debt of 100,000 wouldn't be good if you are qualified to be a teacher unless you can expect that much the first year you graduate). My advice: Consider and apply for several different schools. Be sure to list them all on your fafsa application. After you have applied and been accepted for admission, the schools can issue you a financial aid award letter. Compare your financial aid packages of at least 3 schools to see who gives you the best deal re: the amount of loans you are going to have to take out. Beware: don't get distracted by those "great" scholarships offered to you by the private schools. A thousand dollar scholarship from any school is good, but has different meaning at a community college than at a private school. Good Luck
I just looked up this school, and it's not 30K a semester it's 30K a year. I looked at the "majors" page and didn't see anything special... not sure what you want to major in but nothing JUMPED out at me as anything you couldn't get somewhere else at 1/10th the price. (A state school's tuition could be as low as $3000 a year.) And yes, if you go to this school you will likely have to take out student loans to attend. Think about it this way...4 years of school times 4 years = $120,000 This is an estimate, as tuition generally increases 2%-10%. So, to answer your question, how much of the 120,000+ can you come up with in cash or scholarships without borrowing? Whatever the amount be aware... to be able to afford the payments on your student loan you should expect to earn that much per year when you graduate. For example: graduate from your college career with a debt of 100,000 would be okay if you are qualified to be a doctor. (Payments would be about 1000 a month) Graduate with a debt of 100,000 wouldn't be good if you are qualified to be a teacher unless you can expect that much the first year you graduate). My advice: Consider and apply for several different schools. Be sure to list them all on your fafsa application. After you have applied and been accepted for admission, the schools can issue you a financial aid award letter. Compare your financial aid packages of at least 3 schools to see who gives you the best deal re: the amount of loans you are going to have to take out. Beware: don't get distracted by those "great" scholarships offered to you by the private schools. A thousand dollar scholarship from any school is good, but has different meaning at a community college than at a private school. Good Luck
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