Cost paying OOS college, what are options?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

But CU is ranked 126 in REGIONAL universities NORTH. That's not good

Can we not attack PP or their kid’s choice? Not everyone wants or needs the same college experience.

DP - It's not an attack. it's a fact. look it up. In such cases community college with guaranteed transfer program is less expensive and provides a degree from an outstanding institution. Remember we are responding to OP's problem. This could be the answer for them

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

Don't take out loans. Not even for higher ranked schools. They are such a burden for both parents and students.

Be clear about the budget. It is what it is. Tell them if they can get into Princeton, cool. They are giving FA to families with upwards of 300,000 in income. Or tell them about merit. Alabama is making things work for smart kids. But under no circumstances take on debt for Commonwealth University. There is zero career outcome advantage from any school outside of the top 50 or so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

But CU is ranked 126 in REGIONAL universities NORTH. That's not good

Can we not attack PP or their kid’s choice? Not everyone wants or needs the same college experience.

DP - It's not an attack. it's a fact. look it up. In such cases community college with guaranteed transfer program is less expensive and provides a degree from an outstanding institution. Remember we are responding to OP's problem. This could be the answer for them

That's a lot of criticism for not knowing a lot about the situation. She wants a very niche major. Only 13 schools in the country have it and CU is one of them. That guaranteed transfer would not get her her desired area of study and that's a fact

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

Don't take out loans. Not even for higher ranked schools. They are such a burden for both parents and students.

Be clear about the budget. It is what it is. Tell them if they can get into Princeton, cool. They are giving FA to families with upwards of 300,000 in income. [b]Or tell them about merit. Alabama is making things work for smart kids. But under no circumstances take on debt for Commonwealth University. There is zero career outcome advantage from any school outside of the top 50 or so.

Not really. At $250k and above only families with two kids in college receive grants. Only 43% receive aid and it's only $28,000 off of total COA of 86,410 - so still $58+ a year. and that doesn't include fees for frats or dining clubs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

Don't take out loans. Not even for higher ranked schools. They are such a burden for both parents and students.

Be clear about the budget. It is what it is. Tell them if they can get into Princeton, cool. They are giving FA to families with upwards of 300,000 in income. [b]Or tell them about merit. Alabama is making things work for smart kids. But under no circumstances take on debt for Commonwealth University. There is zero career outcome advantage from any school outside of the top 50 or so.

Not really. At $250k and above only families with two kids in college receive grants. Only 43% receive aid and it's only $28,000 off of total COA of 86,410 - so still $58+ a year. and that doesn't include fees for frats or dining clubs.

No. 62 percent of students at Princeton are on financial aid. The $83,000 price tag is ridiculous. But the average grant for class of '28 is $72,000. Pretty manageable for most families.

If you have a smart kid, the high endowment private schools are going to be fairly affordable. And they are a bargain for middle class families.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

Don't take out loans. Not even for higher ranked schools. They are such a burden for both parents and students.

Be clear about the budget. It is what it is. Tell them if they can get into Princeton, cool. They are giving FA to families with upwards of 300,000 in income. [b]Or tell them about merit. Alabama is making things work for smart kids. But under no circumstances take on debt for Commonwealth University. There is zero career outcome advantage from any school outside of the top 50 or so.

Not really. At $250k and above only families with two kids in college receive grants. Only 43% receive aid and it's only $28,000 off of total COA of 86,410 - so still $58+ a year. and that doesn't include fees for frats or dining clubs.

No. 62 percent of students at Princeton are on financial aid. The $83,000 price tag is ridiculous. But the average grant for class of '28 is $72,000. Pretty manageable for most families.

If you have a smart kid, the high endowment private schools are going to be fairly affordable. And they are a bargain for middle class families.

“Smart kids” don’t get into Princeton unless have a lot of accomplishments beyond being smart. And a lot of those accomplishments cost money to acquire. Shoot the moon, sure, but this is not a realistic plan for families with “smart kids.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

But CU is ranked 126 in REGIONAL universities NORTH. That's not good

Can we not attack PP or their kid’s choice? Not everyone wants or needs the same college experience.

DP - It's not an attack. it's a fact. look it up. In such cases community college with guaranteed transfer program is less expensive and provides a degree from an outstanding institution. Remember we are responding to OP's problem. This could be the answer for them

That's a lot of criticism for not knowing a lot about the situation. She wants a very niche major. Only 13 schools in the country have it and CU is one of them. That guaranteed transfer would not get her her desired area of study and that's a fact

Commonwealth U is still $40k a year for OSS. And has terrible ratings. And is such a niche major wise? 80 percent of all undergrads change their major at least once.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

Don't take out loans. Not even for higher ranked schools. They are such a burden for both parents and students.

Be clear about the budget. It is what it is. Tell them if they can get into Princeton, cool. They are giving FA to families with upwards of 300,000 in income. [b]Or tell them about merit. Alabama is making things work for smart kids. But under no circumstances take on debt for Commonwealth University. There is zero career outcome advantage from any school outside of the top 50 or so.

Not really. At $250k and above only families with two kids in college receive grants. Only 43% receive aid and it's only $28,000 off of total COA of 86,410 - so still $58+ a year. and that doesn't include fees for frats or dining clubs.

No. 62 percent of students at Princeton are on financial aid. The $83,000 price tag is ridiculous. But the average grant for class of '28 is $72,000. Pretty manageable for most families.

If you have a smart kid, the high endowment private schools are going to be fairly affordable. And they are a bargain for middle class families.

We are talking about PP's claim that Princeton families approaching $300k get across-the board financial aid. That is very clear if you go back and read. The Princeton programs also have holes you can drive a truck through. They are designed to look good in paper as a marketing ploy but are unavailable to most families like ours (our kid got in but received zero financial aid and zero merit). The hard fact is that merit is largely unavailable unless you are willing to drop down to those schools where they are willing to give monetary credit in exchange for a statistics the school can report to USNWR. Financial aid is usually determined by FAFSA or CSS (what we filed for Princeton). DC applied to top
schools and got nada for merit or financial aid, and trust me, we needed it. Families shoukd not apply to schools they cannot afford.

[Anonymous]

OP hasn't been back yet?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I tell my kids that they can go to an in-state public. They are welcome to apply to any private and out-of-state schools, but they cannot go there unless merit and aid are able to bring the price down to that of our in-state Publics. There are absolutely out of state schools and privates who will do this. But obviously, not all of them and it depends on the stats of your kids

I am in VA. My daughter is applying to an out of state school that is cheaper than our most expensive state school (W&M) BEFORE merit.

Can you share school?

Commonwealth University

Most of the smaller PA schools (ie, not Penn St or Pitt) are similarly priced

But CU is ranked 126 in REGIONAL universities NORTH. That's not good

Can we not attack PP or their kid’s choice? Not everyone wants or needs the same college experience.

DP - It's not an attack. it's a fact. look it up. In such cases community college with guaranteed transfer program is less expensive and provides a degree from an outstanding institution. Remember we are responding to OP's problem. This could be the answer for them

That's a lot of criticism for not knowing a lot about the situation. She wants a very niche major. Only 13 schools in the country have it and CU is one of them. That guaranteed transfer would not get her her desired area of study and that's a fact

Ok so she wants speech pathology, ASL teaching or Special Needs training. None of those is available in only thirteen colleges.

CU is a financial risk as are many LACs which suffered during covid, my own included. The NYTimes ran a piece about two months' ago pointing out that one LAC a day or a week were shuttering. CU was formed only 2 years ago via a merger of three other institutions that were folding. It doesn't have good rankings even on a regional ranking. It's still $40k a year. You still woukd be better off starting at community college (even without a guaranteed transfer guarantee - just simple transfer). By then, CU may have folded or - most likely as studies tell us - your DD will have taken core courses and may have an entirely new idea about what she wants to major in and has a new list of colleges to look at it.

A colleague taught at Otterbein University, a Ohio Regional school with much higher rankings regionally than CW. I toured with him. It's now $50k a year but should you attend? "Hell no!" said my colleague and he moved on after a few years to teach elsewhere.

[Anonymous]

Anonymous wrote:DC wants OOS college at +2x the price of our state college (had many discussions.... yikes).

College website states ~70k per year, fafsa calculator states 7.5k per year eligible for DC.

If I understand correctly (ex. https://www.reddit.com/r/UCI/comments/1dn3yf6/as_an_oos_student_do_i_still_receive_federal_aid/), parents (HHI over 150k) take out a yearly loan for remaining balance (Direct PLUS Loans @ 9%), pay monthly/interest on the loan, and hope DC becomes successfully employed in a high paying field upon graduation to take over the parents loan (even though the loan is in parents name)?

Can student take additional loans? If so, can payments be deferred until graduation? Can non-working/min-wage part-time students qualify for a significant loan amount?

10 year monthly payment at 9% for 240k is ~3k monthly.

just say no. you are the parent. there is nothing more stupid than wasting money because they want to "go" there. no other logical reasons.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC wants OOS college at +2x the price of our state college (had many discussions.... yikes).

College website states ~70k per year, fafsa calculator states 7.5k per year eligible for DC.

If I understand correctly (ex. https://www.reddit.com/r/UCI/comments/1dn3yf6/as_an_oos_student_do_i_still_receive_federal_aid/), parents (HHI over 150k) take out a yearly loan for remaining balance (Direct PLUS Loans @ 9%), pay monthly/interest on the loan, and hope DC becomes successfully employed in a high paying field upon graduation to take over the parents loan (even though the loan is in parents name)?

Can student take additional loans? If so, can payments be deferred until graduation? Can non-working/min-wage part-time students qualify for a significant loan amount?

10 year monthly payment at 9% for 240k is ~3k monthly.

just say no. you are the parent. there is nothing more stupid than wasting money because they want to "go" there. no other logical reasons.

+1

[Anonymous]

There are also a bunch of OOS schools that have OOS tuition below/at Virginia in-state tuition (like UF, FSU) and with merit would be much below Virginia in/state. Unfortunately no easy list, but worth a look if you want to expand your list without adding private cost. Good luck!

[Anonymous]

There are several schools luring high stats kids with auto merit.

Alabama
https://afford.ua.edu/scholarships/out-of-state-freshman/

Kentucky
https://studentsuccess.uky.edu/financial-aid-and-scholarships/academic-scholarships/incoming-freshmen-scholarships

[Anonymous]

Anonymous wrote:MSU Bozeman

https://www.montana.edu/admissions/scholarships/nonresidents/index.html