RE: college costs

[Robert <http://dummy.us.eu.org/robert>]

How does the FAFSA aid work?  Do you first report your income and savings,
apply for FAFSA, and then make up the difference with student loans?  Can
you apply for FAFSA and then make up the difference with loans from family
members?  Or, does that invalidate the FAFSA aid?

 > From: ", Flora" <http://www.state.vt.us/~Flora.>
 > Date: Thu, 29 May 2014 18:21:14 +0000
 >
 > Our out of pocket expenses for this school year for both Nick and Xander are 
 > going to be just about $51,000. The $51,000 is based on estimated amounts for 
 > tuition, fees, books, and room and board that we were given. I won't know for 
 > sure until I see the bill. This amount includes all scholarships and grants 
 > that we do not have to pay back.
 > 
 > It is ending up that Nick's costs will be lower than Xander's. Even though Nick 
 > is going to a private school, his financial aid package is better (I contacted 
 > Green Mountain College at the end of April to see if they would reevaluate Nick'
 > s financial aid package and they gave Nick another $7,000 in scholarships (
 > after I sent them a copy of Sterling College's financial award letter.)
 > 
 > I think that I start finding out about how to apply for VSAC (state) loans next 
 > week. I'm not sure about the other loans (federal). I will need to look into 
 > that.
 > 
 > I do know that we have to report all money from all sources on the FAFSA that 
 > we will have to do for the next three years (every January 1st). This means 
 > that if family members helps with college, we must report it. 
 > 
 > I have $18,000 that I have saved, but clearly that is not enough for this year, 
 > let alone the years after that.
 > 
 > What do you think? 
 > 
 > -----Original Message-----
 > From: Robert [http://dummy.us.eu.org/robert] 
 > Sent: Thursday, May 29, 2014 1:11 PM
 > To: , Flora
 > Cc: http://www.gmail.com/~flora; Noelle; http://profiles.yahoo.com/flora
 > Subject: college costs
 > 
 > To: ", Flora" <http://www.state.vt.us/~Flora.>
 > 
 > Flora - Noelle told me that I should touch base with you about student loans 
 > and so on.
 > 
 > Do you have any ideas how much the principal and on-going college costs will be 
 > for Alex and Nicholas?
 > 
 >  > From: http://dummy.us.eu.org/robert (Robert)  > Date: Thu, 03 Apr 2014 10:04:12 
 >  > -0700  > Subject: RE: summer internships  >  > I suspect that Alex will end 
 >  > up graduating with debt.  Luckily, interest  > rates are low right now.  One 
 >  > hopes that the job market will be in better  > shape by the time he 
 >  > graduates.
 >  >
 >  > Maybe Bernie Sanders will become president and there will be student loan  > 
 >  > reform.
 >  >
 >  >  > From: ", Flora" <http://www.state.vt.us/~Flora.>  >  > Date: Thu, 3 Apr 
 >  >  > 2014 16:00:39 +0000  >  >  >  > Yes, I heard it this morning. I am very 
 >  >  > stressed at looking at the financial  >  > award letters. I thought that 
 >  >  > we would have more of a break because of our  >  > income. Sterling 
 >  >  > College (the school at Nick applied to and has been accepted  >  > to) 
 >  >  > seems to have a better financial aid package. Perhaps it is better the  > 
 >  >  >  > first year and will change in subsequent years. I have not yet seen 
 >  >  > UMASS  >  > Amherst's financial aid package (where Xander wants to go).
 >  >  >
 >  >  > It definitely is a shock seeing the cost that we must pay. Just like was  
 >  >  > >  > discussed on NPR, the letters are deceiving. It makes it seem like 
 >  >  > all of the  >  > costs are paid for, when in fact that most of it is 
 >  >  > loans or unmet need. They  >  > have both applied for scholarships, but 
 >  >  > we haven't heard anything yet. 
 >  >  >
 >  >  > -----Original Message-----
 >  >  > From: Noelle [http://dummy.us.eu.org/noelleg]
 >  >  > Sent: Thursday, April 03, 2014 10:59 AM  >  > To: Robert  >  > Cc: 
 >  >  > , Flora; http://www.gmail.com/~flora; http://www.gmail.com/~alex.;  >  > 
 >  >  > http://profiles.yahoo.com/flora  >  > Subject: RE: summer internships  >  >  >  > 
 >  >  > did you hear this?
 >  >  >
 >  >  > 
 >  >  > http://www.npr.org/2014/04/03/298330444/first-test-for-college-hopefuls-decoding-financial-aid-letters
 >  >  > 
 >  >  >
 >  >  > glad my grandparents left me some $ for college expenses NG
 > 
 > --
 > http://dummy.us.eu.org/robert
 > http://www.
 > our-San-Jose-phone-number
 >