So many long time posters stress to new posters one thing when it comes to the scholarship acceptance:
Make sure you can afford the college without the scholarship!
I have even gone to the position stressing that as long as I have been paying college bills (O8) the colleges (3 kids/3 different schools) have increased their rates by 10% per yr.
Yet, so many recipients are thrilled to get it that they just sign on the dotted line without reading the teeny tiny fine print.
I am with kinnem, time to fill out that FAFSA, and take the loan.
For candidate posters/lurkers understand this is not uncommon. The reason why is when they apply for college as a hs sr. they think that will be the cost for next yr., especially as a 1st child. They don't place into the equation R & B as a jr at 10K a yr., can easily be 14K by their sr. yr in college.
Our DS went OOS. His bill was 28K as a freshman. 4 yrs later the incoming class was paying 41K. Our DD IS, started @16K, and it is @23K now (she is a sr.), so next yr it will probably be 25K.
Off topic, but on topic the next bubble that the financial world is discussing is student loan default. Until it bursts colleges are going to keep increasing at the rate of 10% a yr.
This is my personal pet peeve. Colleges will boast about their 500 MN endowment, yet increase the cost to attend, and send/call parents monthly to donate money for their endowment!
Get the idea of how mad I am at this?
I am sorry you are in this predicament, but kinnem is correct. Time to take a loan to pay for college/ Transferring to a new college will only create other problems.
~ Finding a new social group (Emotional)
~ Determining how to graduate on time if you are going to be a junior next fall (Economic).