I have been accepted to the University of North Carolina at Charlotte, and I will pursue a degree in Art (Photography). I am receiving $6000 from the school to compete on the track and field team. Being a member of the track and field team will keep me from working part-time in college because of my commitment to the university. The cost of attending the school for out-of-state tuition, room-and-board, books, and meals is valued at $40,000 according to my NCAA Student-Athlete Agreement. I am on 15% scholarship in an equivalency sport (Olympic Sport), and I am required for the remainder amount. Each year, I can get my scholarship increased based on my level of performance on the track and in the classroom. However, for my freshman year, I have $34,000 left to pay.
I receive good grades, and I have completed my FAFSA. This will allow me to see what other aid or grants I might be qualified for. My parents have invested into a prepaid education program, and that is worth $13,000. We plan on using this money towards the $34,000 remaining amount. That leaves $21,000 left to pay on my first year. With the holidays coming up, I am picking up a temporary job to make a little money. I am hoping to set aside $500 towards my education. I plan to work this summer before I go to college; I hope to earn another $1000 and apply that towards my college costs. My parents are willing to help as much as they can, but said I will probably have to take out federal loans for the remaining amount if I do not receive enough in aid/scholarships to cover the costs. I would like to avoid debt as much as possible. My dad took out school loans, and he paid his off after 11 years following college graduation. I will not apply or accept any private school loans.
I am currently applying for any and all local and national scholarships. As of today, I have applied for 22 scholarships and counting. I plan on applying for at least 100+ scholarships available to see what funds I can receive to help me with my educational costs. Also, I am applying to UNC Charlotte's foundation for merit and need-based scholarship opportunities available. I am currently applying to local scholarships available at my school. Any amount of money awarded is less I have to pay later.
With almost $20,000 is needed to avoid dept my freshman year, I cannot depend on hope to win enough scholarship awards to cover the remaining amount. My parents have indicated that they will help me with as much as they can by taking care of supplies, travel, and clothing. I have considered joining the University ROTC program or North Carolina National Guard to help cover my remaining college debt. This could be a hard commitment being that I am a track and field athlete, but considering the fact that I want to avoid college debt, and its been done before- it is an option worth exploring.
Avoiding college debt is important. I am looking at all possibilities and challenges, and I am trying to be realistic. Yes, I could choose to attend a two-year school, or stay local, but then I would be passing up my dream of being a track and field college athlete. Since no other in-state school wanted me on their track and field team, I was forced to go out-of-state and pay their out-of-state tuition. By choosing this path, I increased my expenses, but my search for aid is undone.