I am looking back over the offers from this past year. Our EFC is closer to $6000. Yet, even the state schools gave nothing except a $3500 student loan and then huge parent loans. If we cannot afford to pay, a loan will not change that. How would we pay back a loan for something we could never afford in the first place? To add to it, I have always always gone without. I own a couple pairs of shoes total, and they are old. My wardrobe looks like I took hand me downs from my own mother-which I did. I never take vacations except to visit relatives. We have been saving for years to pay for college. So we can pay the EFC and actually a little more.
My daughter wants to go on to one of these schools. She is now offering to take out student loans to help pay-above and beyond the $3500. I refuse to take out parent loans. I would not be able to afford to pay them back without losing my home. And she has younger siblings so what would I do then?
I notice that none of the Texas schools offered Perkins loans. The one MN school she got in to did offer her Perkins loan. Is there a reason no Texas schools gave Perkins? And how can she get the additional loans without me cosigning?
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