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Channel: Financial Aid & Scholarships — College Confidential
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Will I get any financial aid??

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I'm worried because all the schools that I have been accepted into have ridiculously expensive tuition (oos or private for all schools). My mom is a stay at home mom, dad makes roughly 110,000 a year, but owns 4 million dollars worth of assists. I don't believe I'm going to get any aid from fafsa (estimate came out and basically gave me nothing but 14k in loans). I live in a family of 6 where 2 of my sisters are in elementary school and another sister is a sophomore at an expensive private highschool (15k a year). I've decided to enroll in the university of Michigan and my total cost has summed up to be 57k a year. Should I transfer out sophomore year?? My parents are fully supportive of me and my decision are willing to pay the cost to send me to college, but I hate to see them take on that burden. No matter how much someone makes, 57k a year is definitely not easy to handle. It also puts a lot of pressure on me because if I don't succeed in college I'm afraid that I would have "failed" my parents and their efforts to support me. Any help is my appreciated.

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