Is it possible to get $50,000 a year for college through loans?

Question

The college I really want to go to is $50,000 a year, and others like it are in the same price range. I have absolutely no money for college though. I have no kind of college fund, and if I get a job and start saving it's still going to be very little. Are there programs that can help people who really need money like me, or am I going to forget my dreams and settle for a community college?

Also, I don't think I can win any scholarships. They just say, "Write an essay," without giving you any idea of where to start. I can't work with that.

I want to go to medical school. I'm just not that gifted at writing original stuff, which would not be necessary in medical school.

Answer 1

what you do is apply for both stafford loans, and have your parents apply for parent plus loans.. This is what about 80% of kids in college do to ge tthe money they need to pay for school..

The parent plus loan is a loan your parentss take out on your behalf.. It has pretty easy qualifications, and will give you the money tyou need to get things done..

I work with a student aid lending, and we issue these loans on a daily basis..

Give me a call or shoot me an email sometime and i can explain it in more detail..

thanks,

Jason Fry
Student Aid Lending
800-964-0642 ext 114
[e-mail]

Answer 2

sorry, but there is no way your plan is going to work. You wouldn't buy a 200,000 car if it's way out of your range, it's the same with college. You should at least be reasonable. I tried going to a school my first year that was almost 30,000 with all the expenses, I got some aid, but I realized there was no way I'd want to be stuck with all the loans of another 3 years or more, so I transferred to an in-state school. There are government programs for people who need money, but they have their limits. They're not going to tax everyone else just to give you a free ride at a 50,000 a year school.

And scholarships do not just all say "write an essay". The ones I see have specfic topics. And other people are right, going to med school does not mean not having to know how to write. But anyways, you'd have to win A LOT of scholarships to be able to afford what you want.

And what's with this, if I don't go to a school that costs 50,000 I have to go to a community college and my dreams are forever ruined attitude? That makes no sense, go to a normal 4- year school like everyone else and don't be so dramatic.

Answer 3

I don't think you have thought this whole plan through too well.

If you borrowed $50 K a year for college . that means you would enter Medical school owing $200,000. The interest alone on that would be $15000 or more a year. If you didnt get into medical school, how would you ever pay it off!

And if you did get into medical school, you would have to pay another $200,000 at least. So, with interest, you would get out of medical school owing $500,000 -- that's about $30,000 a year interest and a first year doctor in residency probably makes about $35,000. You wouldn't have money for cornflakes.

So, forget it. There's not possible way to borrow this much.

OK, so what then? Many of the top schools have "need-blind" admissions and "need" based scholarships. If your family qualifies, then if you are admitted they will give, grant or loan you all the money you need to attend. That's one ofthe reasons why competition to get into these schools is so tough. Everyone wants a free ride. So, to get into an Ivy or Duke or Stanford etc you need top grades and test scores as well as top recommendations from your academic teachers.

I think your best bet is to go to your state university. You can get a job and probably some small scholarships and when you get out, you are not going to owe very much. You will have to beat out the competition there, but if you want to be an MD, that's a viable plan.

I must say, though, that if you are having trouble writing a simple essay, that you are going to have a BIG problem competing against the students who are applying for med school. Med School admission is really tough and only the best students get in. If you weren't one of the best students in your chemistry and calculus classes, then you may want to rethink your plans to be a MD.

Answer 4

There are lots of places in between community college and a school that costs $50, 000 a year. Besides, you should ideally apply to 10 to 15 schools to make sure you have enough options and opportunities to get accepted. A lot of state schools are really cheap, even if you are from out of state. For example a lot of the California State schools are $10,000 or less for out of state undergraduates (if I'm remembering that correctly).There are both federal and private loans. The federal ones you can get on your own, you might have more trouble getting a private loan if you don't have a high credit rating and/ or a co-signer. But the less you have to borrow the better, so you might look into the mid-range schools and when it comes to the essay, assign yourself a topic--how your education will help with you career goals, etc. They are looking for good writing and intelligence. Good luck :)

Answer 5

A a freshman the most loans you will be able get stafford subsidized and unsub is on the average $6000, as a senior, max will be like $15,000..Even with full pell, they will not near to covering that...If they ask for an essay and don't give you a topic, they want to come up with one..if you cant write an essay for college, maybe you shoud consider a community college, they will give you those skills..and to even get into med school, you will have to know how to write a LOT more than essays..like tons of research papers...med schools are over $100, 000 year JUSt tuition plue books, fees, insurance, etc...

Answer 6

If you can't write a simple essay, why would you go to a $50k a year school?

Answer 7

you probable can get a private loan for the cost of the school. do no longer provide up on those scholarships, nevertheless. there are a number of, many scholarships available, and a few of them are designed for college little ones who would be unable to arise with the money for instructions. you would be able to desire to probable additionally qualify for government promises that would desire to pay component to your instructions. additionally do no longer ignore economic help like artwork-learn, study assistantships, and so on. those are all good the type to get experience and pay for college. consult with an consultant on the college's economic help workplace. college is well worth it, even though it is so plenty greater effective in case you do no longer would desire to get into 1000's of 1000's of greenbacks of debt. a lot of human beings discover that the main nicely-respected institutions are additionally the main complicated and aggressive whilst they get there. you would be able to desire to be happier at yet another college, incredibly. (I, to illustrate, would are transforming into to be in to diverse colleges in line with my standardized attempt rankings. yet I chosen the 4-12 months college that replaced into on the fringe of my abode, and that's a state-run college. it is likewise a study a million college, and it presented lots of opportunities alongside with honors instructions and so on. and that i nevertheless have been given adequate tutorial rigor; i'm enrolled in a Ph.D. software now. So do no longer ignore colleges that would desire to incredibly be a greater effective in good shape for you than the super-call places.) Alternately, you would be able to desire to earnings at yet another employer. you're making it appear as if community college is poor, even though it incredibly is incredibly no longer -- they have smaller type sizes and that's a super thank you to get your familiar training standards out of ways for much less. additionally, there are a number of completely good 4-12 months institutions that value below the cost selection you're speaking approximately. best for you for desirous to get a positioned up-secondary training! (As for the essays, the scholarship human beings opt for to comprehend which you will make good use of the money they provide you, and which you're a worth candidate. So speaking approximately your unique characteristics and your particular plans will help them to believe you with their money. there are a number of, many examples of those styles of essays on line which you will look at.)