Affording Indiana

[Anonymous]

My daughter has fallen in love with Indiana and she didn't get into Tech which was her first choice. She has gotten into Miami Ohio which gave her a bunch of aid, making it cost about $38,000. Making Miami Ohio $38,000 and Indiana about $50,000, plus flights and ect. We could afford Indiana if we really wanted plus she got a $5,000 a year scholarship and has applied for a bunch of other scholarships. ItJust wanted to her some insight about thoughts on paying more for a school and if its all worth it. Thank you!

Btw she is majoring in hospitality or communications.

[Anonymous]

Anonymous wrote:My daughter has fallen in love with Indiana and she didn't get into Tech which was her first choice. She has gotten into Miami Ohio which gave her a bunch of aid, making it cost about $38,000. Making Miami Ohio $38,000 and Indiana about $50,000, plus flights and ect. We could afford Indiana if we really wanted plus she got a $5,000 a year scholarship and has applied for a bunch of other scholarships. ItJust wanted to her some insight about thoughts on paying more for a school and if its all worth it. Thank you!

Btw she is majoring in hospitality or communications.

Are you inquiring about "paying up" for Indiana when cheaper options are available? If you can afford, sure. Well respected school. We will likely be in a similar situation, by not taking the "cheapest" alternative. Yes, $50k is a chunk of money, but it's not like your paying $85k for some no name SLAC that's a glorified babysitter. Congratulations. Best of luck!!

[Anonymous]

That would be a hard no for me. Those are not specialized majors and i can’t see spending an extra $50k for that. If she wants to foot that portion of the hill, I’d help her get loans.

[Anonymous]

They're both good schools. (I went to one for undergrad and the other for grad school, so I'm biased!) I suspect it won't make a huge difference in terms of career prospects which one she goes to.

My general sense is that Indiana is a better academic institution overall these days. It sounds like Miami has declined a fair amount in that regard since I went there 30 years ago. That's not based on anything more than acceptance rates really. I expect you can get a very solid education in either place.

I would say that IU has broader academic offerings if your daughter has varied interests and might want to pick up a minor or two or change majors at some point. Also, I don't know your financial situation, but if you're fairly well off, $12k more per year probably shouldn't be decisive.

[Anonymous]

I would never encourage my child to go to Miami of Ohio. It's policy about fraternities being allowed to have houses, yet women's sororities only being allowed "suites" in the dorms is just blatant discrimination. I can't understand how that policy is still in place.

[Anonymous]

Anonymous wrote:I would never encourage my child to go to Miami of Ohio. It's policy about fraternities being allowed to have houses, yet women's sororities only being allowed "suites" in the dorms is just blatant discrimination. I can't understand how that policy is still in place.

Important stuff.

[Anonymous]

What is she planning to study? I know Indiana is known in particular for business. Not sure about other areas.

With the $5k scholarship it sounds like Indiana is $8K a year more than the other option, which may be worth it if she prefers it and you can afford it. She may also be willing to work part time to pay some more of the difference in price.

[Anonymous]

I'm gonna say no, not for that major.

[Anonymous]

Did she apply to JMU? Or another in-state public? I just don't think there's a benefit of paying high OOS tuition for a degree where institution prestige doesn't matter that much. Does she want to live and work in the midwest?

[Anonymous]

Anonymous wrote:Did she apply to JMU? Or another in-state public? I just don't think there's a benefit of paying high OOS tuition for a degree where institution prestige doesn't matter that much. Does she want to live and work in the midwest?

PP...good point.

[Anonymous]

Anonymous wrote:What is she planning to study? I know Indiana is known in particular for business. Not sure about other areas.

With the $5k scholarship it sounds like Indiana is $8K a year more than the other option, which may be worth it if she prefers it and you can afford it. She may also be willing to work part time to pay some more of the difference in price.

Also known for its media school, which is a link to the communications interest. Did she apply/get in to the media school?

[Anonymous]

Anonymous wrote:What is she planning to study? I know Indiana is known in particular for business. Not sure about other areas.

With the $5k scholarship it sounds like Indiana is $8K a year more than the other option, which may be worth it if she prefers it and you can afford it. She may also be willing to work part time to pay some more of the difference in price.

I am pretty frugal but I wouldn’t let $8k a year make a difference. Don’t be penny wise and pound foolish.

[Anonymous]

I would encourage IU over Miami because of location and quality, but if you got into JMU, want to stay East Coast and money is a factor, it makes sense to go there.

[Anonymous]

What is the Cost of Attendance per year for each school without any loans? (Tuition and fees, cost of room and board, cost of books, supplies, transportation, and miscellaneous expenses)

[Anonymous]

Anonymous wrote:My daughter has fallen in love with Indiana and she didn't get into Tech which was her first choice. She has gotten into Miami Ohio which gave her a bunch of aid, making it cost about $38,000. Making Miami Ohio $38,000 and Indiana about $50,000, plus flights and ect. We could afford Indiana if we really wanted plus she got a $5,000 a year scholarship and has applied for a bunch of other scholarships. ItJust wanted to her some insight about thoughts on paying more for a school and if its all worth it. Thank you!

Btw she is majoring in hospitality or communications.

Is IU or Miami of Ohio known for either of these majors? If not, I would discourage, unless you have ample funds. I am skeptical of a communications degree. Hospitality seems more practical, if that's what she really wants to do. I would not pay top dollar, but I am cost conscious.