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Do government student loans cover the entire cost of college?
I’m going to go to community college for one year and I’m getting a government loan (not a private one). I’m only 17 so I can’t afford to pay for any of it at the moment. I can only pay for it once I graduate.
The tuition at community college is $8,000.
Will a government loan be able to completely cover my tuition and books until I graduate? Or do I have to pay a small fee (like $400) a month?
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Mine didn’t. Government loans are need based, and it depends on your family’s income. My tuition was 6200 (at a 4 year school) and my federal loans only covered 3200, the rest has to come out of my pocket or from private loans.
$8,000 for a year at a community college? Yow-za.
It depends on your income. My family didn’t qualify for need-based aid, so I’m currently paying 20,000/per year for college. It sucks ass.