Your forecast for estimated total cost of attendance, financial aid and other funding at is based on the information on the previous screen.
Your Total Forecasted Student Loan Debt includes estimated federal and institutional loans plus private education loans to cover the estimated Funding Gap.
Compare forecasted student debt based on the years it takes to earn a bachelor's degree. Taking more than four years to graduate increases estimated costs.
You may choose to reduce your forecasted student loan debt amount by increasing earnings, reducing spending or finding additional funds that are not loans.
If your funding gap is $0 or less, you have enough funding and you may want to decline some or all of the federal institutional loans offered to you to reduce your forecasted student loan debt.
A funding gap does not necessarily mean is out of reach. You may be able to reduce your expenses or increase the amount you can contribute toward expenses before taking out loans.
Additional strategies to consider:
Any loans that you use to pay for college expenses will need to be repaid with interest. Your ability to repay debt later will depend on your financial situation after you leave college. If your Total Forecasted Student Debt is greater than your anticipated first year's salary, consider how to lower your overall debt level.
If you must borrow to cover your funding gap, consider private education loan options for students and families from ISL Education Lending.