IN 2001 we just had the dot com bubble burst, so we as parents looked for something safe. We bought the instate tuition for both our children. We thought of it as their floor. We did not require them to go in state. We thought if the investment" as the portion you need to put into bonds. So we were able to invest the rest into more higher risk but bigger payoff investments. That worked too. In the end, both went out of state. One to an out if state flagship and one to a private school with a large merit scholarship. I wish they would have found a school that fit them better in state, but for some excellent reasons (eg physics is much better elsewhere), they chose different schools. I am glad that we did it anyway as we had the piece of mind for those years. Good friends of ours, did it the same way and "won" the lottery as both are in state (one UVA and one W&M). I think there are many of us too. |
Florida State promotes a full 12 month study abroad for freshman. If I had an incoming VT freshman (non engineering) I’d be looking for something like that for a year. |
NP. I have two kids in college and none of them have taken an online course. This must be with state schools. |
Why? They are money making scams to have guaranteed kids when other drop out of college. College isn't expensive enough? Ask how many of those kids graduate in 4 years? None is the correct answer. |
This is so true. Those blood banks were such a scam. As a nurse, I knew this, but I know so many that did it around 2000-2005. It only lasts 15 years max and there is a 1-2,000 to 1-200,000 you will ever use it. The tuition plans are better, but people didn't realize then that saving in your own name or parent's name was a bad idea due to FAFSA/CSS. Put it in a grandparent's or aunt/uncle without kid's names. |
This catches up to you in the child's second year of college, if they are applying for any sort of ongoing financial aid. Funds paid to the college on behalf of a particular student, unless it is from a scholarship, will be considered student savings for the subsequent financial aid years. |
I never had the money to study abroad and concluded those programs were just glorified boondoggles for rich kids. May still be true but my own kids have absolutely benefited from them. We’re thrilled that they’re able to see and experience other parts of the world. All while finding relevant coursework. Call it what you will but we’re satisfied. |
Oh, no. Do not do that. You have to pay so much money when you could have just taken a gap year and went abroad for 1/4 of the price. I can not believe people fall for this. |
VT has a great regular study abroad program in Switzerland. It doesn’t even cost that much more than regular tuition and fees - WAY cheaper than most programs. Don’t panic and try to look for an out if your kid is committed. VT is a good school and they’ll find a way to make it work. |
A lot of what you say is valid, but let's also be pragmatic. How many kids will qualify for merit at out of state? Or at a more expensive private college? We can't always expect that. But it is absolutely wise to keep your mind open and explore all possibilities. Too many people don't do that. As someone who went to an expensive elite private college virtually all my classmates went on to get advanced degrees. It is pretty unusual to find someone who went to a top private and who did not also go on to grad school. There are exceptions, of course. And not that many employers pay for graduate school and those who do are usually limited to a few thousand a year, not the full costs (some exceptions, of course). If you have a bright and highly capable kid it's more pragmatic to plan on the kid going to grad school someday than not. |
Just FYI - the Florida State program is a pretty good deal, at least for OOS students. If you do it, you can finish your degree at FSU for in-state tuition. |
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Found some info from past years.
2018 - needed 1,896 from the waitlist. 2017 - overenrolled 2016 - needed 1,697 from the waitlist. 2015 - overenrolled 2014 - needed 750 from the waitlist. |
Those idiots in admission suck at their jobs!
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I don't have a dog in this fight as my kids are still in HS. However, a lot of the posters on this thread seem somehow threatened by Tech's popularity or resentful of the fact that they're spending 3x as much to send their kids to some private college. As a somewhat disinterested bystander, I find that telling.
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Thanks for the info! I knew there was some financial bene when my kid looked into it but I couldn’t find anything when I just looked it up. Smart plan by FSU. |