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.

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

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Anonymous wrote:if you don't have the money, then your options are in-state.

we told our kids we would pay this much - the price of in state university in our state. that was the limit. if they could meet that price going somewhere else with merit money, so be it.

no loans.

one got full tuition at out of state school and one went to in state school.

both are well employed and happy and have no debt.

+ 1. My son is at an in state public college. It’s a great college, but I wonder if he’d be enjoying an OOS college like some of his friends. He has no complaints and he’s not in a major thst needs a target school (it’s more me that is feeling FOMO on his behalf although I never mention it, if that makes sense.) He’s in his second year and it has gone so fast so far. College is 9 months of the year, with breaks also. To go into massive debt for what is really a short time period is not a great idea. Like the PP’s employees, we didn’t want to be working well past our retirement ages to pay off loans.

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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

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A good college counselor will say as the first question: What is your budget? Even our public over-streched counselor did that. You are supposed to assess this first, then tell your kid what you cannot afford and they look only at affordable options. Always. Don't ever look at a school you cannot afford

And don’t let the school decide what you can afford! You decide that first.

I love it when the school sends you the financial letter, and the difference due is suggested to be paid by parent loans and student private loans. Pass.

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

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.

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?

Anonymous wrote:

Anonymous wrote:A good college counselor will say as the first question: What is your budget? Even our public over-streched counselor did that. You are supposed to assess this first, then tell your kid what you cannot afford and they look only at affordable options. Always. Don't ever look at a school you cannot afford

And don’t let the school decide what you can afford! You decide that first.

Anonymous wrote:A good college counselor will say as the first question: What is your budget? Even our public over-streched counselor did that. You are supposed to assess this first, then tell your kid what you cannot afford and they look only at affordable options. Always. Don't ever look at a school you cannot afford

Anonymous wrote:if you don't have the money, then your options are in-state.

we told our kids we would pay this much - the price of in state university in our state. that was the limit. if they could meet that price going somewhere else with merit money, so be it.

no loans.

one got full tuition at out of state school and one went to in state school.

both are well employed and happy and have no debt.

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.

Anonymous wrote:You cannot afford the OOS school. Tough luck for your kid. There are many other schools you can afford.

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