"Gage Marquez's dream is to become the first in his family to go to college, get his degree from the University of California at San Diego, and eventually become a cardiologist.He nearly cried tears of joy when he found out he got in.
But then he and his parents took a look at the financial aid award. He was given a grant for a little less than $3,000. And the school, which determines how much a student can take out in federal loans, will let him borrow just $6,800.
That still leaves his parents with a bill of $18,000 for the first year alone.
Related: How to read your ridiculously confusing financial aid letter
Now, not only does Gage face borrowing more than $27,000 over four years, but his parents will need to take out about $72,000 in higher interest loans."
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Article written by Katie Lobosco @KatieLobosco
Nadine Underbrink, M.Ed.