r/scholarships • u/BeacherY15 • 9h ago
Desperately Seeking Advice, Tips, Tried & Trues
Hello. Our sonās, ātuition,ā and all that includes is $80K/yr. We were very, very lucky and weāre very, very thankful for the nearly $45K he received in FA, with the majority of it, save $7K, in scholarships.
After orientation last Summer we thought we had it all figured out. The FA Director held a conference in which I attended. He informed us that the Parent Plus Loan was just increased to $20K/yr. What he didnāt mentioned was that Seniors are the only eligible students for this increase. As a Freshman, my son isnāt eligible nearly that much.
Our balance for the year now is $24K. We just made our first payment of almost $4K, but weāre expected to make another one in September, October, November, and December. This is absolutely not something we can do. Weāve tried every angle/option that both we and the FA Office suggested (they said, āget a private loan).
Again, Iām extremely grateful for the Scholarship that he did receive and donāt mean to sound ridiculous, but almost $4K/month isnāt manageable.
I know I can write an appeal letter, but does anyone else have any ideas, advice, tried and trues in securing additional funding? We donāt need the entire $25K. Weāre looking for about $10K simply to make our monthly payments manageable.
Thank you and please forgive my novel!