A couple of people have told me this is a bad idea, but I don't see how. After I complete my first two years of undergraduate studies at my community college, I was planning to apply to all the schools I want to go to, and depending on which schools I get accepted into, I would take the appropriate time off to work and save enough to attend the schools in those ranges that I had been accepted to, then apply again after I save up enough to enroll, because then I know I have a general idea of which schools my appropriate skills and abilities will allow me to get into. So for example, if by chance I got into several Ivies, I'd have to take more years off to work because its cost of attendance is more than state schools. This way, I can even save up enough to even attend schools that are out of state since those are pretty expensive as well. Since I do not have enough credit to take out bank loans, and maximum amount of federal financial aid will not cover my expenses at most schools, unless I can get more than $10k worth of scholarships every year (which seems unlikely) I cannot even go to a state school. I could take out Federal Direct Loans, but the maximum subsidized each year is something like $5,500. Even so, I heard that graduate schools will not accept an undergraduate student that is deep in debt into their PhD program. If it was some freak accident that I got accepted into all of the schools I get into before I start saving up, and I get rejected by all of them after I save up enough money, well...there's always cheap city colleges nearby, and I'll have a ton of money to burn on extra textbooks and equipment...or I guess I'd just invest everything I have into gold or something. Does taking time off school reflect negatively on a university transfer application or something? If so, how is it a bad thing that a student wants to save up enough money to complete school?