<p>Money has been a big factor in D’s decision. We estimate the COA at the OOS schools where she’s interviewed to be around $85K/year. Compare this to her IS alternatives at a COA of approximately $32K/year. We don’t qualify for FA. We’ve told her we’ll cover everything if she goes IS, and she’ll graduate debt free. Should she choose the pricier OOS, we’ll contribute $35K/year, but she’ll need to secure loans or dip into her trust for the remainder. With a second child soon starting college, we simply can’t foot the bill for the OOS in its entirety. And I thought UG was freakishly expensive!</p>
<p>In the same situation here, jc40. Instate (which won’t send out acceptances until March) COA will be around $35,000/year. OOS publics will run ~$80-85K. Private schools are the big question mark for us. D2 might be eligible for institutional aid at those, but we won’t know until the FA packages arrive in April.</p>
<p>Is that $85k v $35k full COA, including cost of living, or just tuition?</p>
<p>I could be wrong here, but I think $35k COA may be quite low for most in-state public schools. 85k COA for a private is on the high side.</p>
<p>I do not think the tuition could be as high as 85k a year.</p>
<p>Son ended up choosing the lowest out-of-pocket school in lieu of his first choice, a private due to the amount of loans he would need to attend. And it was a significant difference. But that decision is not for all. If it is a great fit, hmmmmmmm that is a MUCH harder decision. But he did not want the money (debt) to play too heavily on his later decision of which speciality and the ability to pay back the debt.</p>
<p>Son’s COA now is less than $35K.</p>
<p>Kat</p>
<p>Texas in state tuition is 16k at most schools and OOS in fact is 30k.</p>
<p>So 16k for expenses seems reasonable in Texas but I would go with 20k for someone living on their own.</p>
<p>I bumped into a few Baylor students whose families are local who moved back home after MS2. Rent for living alone runs to $1000 near UT Houston and Baylor. I suspect they don’t care about living close once rotations start because they don’t need the bus to reduce parking costs (300-400 for all day pass).</p>
<p>The tuition and fees for IS options here average around $16,200. texaspg is right in that COL is high in a couple of locations (namely Dallas and Houston). Apartments nearby can cost around $1000-$1200+ for a single but less if you have a double with a roommate. Tuition and fees at the private schools where she’s interviewed have been around $52,000. Add to that they’re in large urban areas where the COL is very, very steep. There are a couple of things (ex. health and car insurance) I did not include in the estimate.</p>
<p>Tuition and fees instate are $19,300 (does not include mandatory health insurance coverage so add ~$1200 for that). I would cover her rent if she lives here in town. I already do the same for her sister. I think $14K/year for utilities, food, car expenses + entertainment would be about right.</p>
<p>D2’S public OOS schools are ~$55-60K for tuition + fees. Add another $1800-$4000 for health insurance. The COL in the towns where her OOS schools are located are higher to much higher than here. The $80-82K really doesn’t look all that far off the mark.</p>
<p>The privates and FA are really the big question mark for her. While I doubt any of the privates would have costs that are as low as instate, they might be a better deal than OOS publics.</p>
<p>D1 will graduate with under $100K in loans and it looks like she will be going into a high paying specialty. She’ll be fine going forward. D2, OTOH, thinks-- right now at least–she’d like to go into primary care or public health policy. IMO, she needs to minimize her debt, but she’s gonna do what she’s gonna do.</p>
<p>Congratulations on the latest acceptances! Great news!
The COA really depends on how you/your S or D plan/s to live. At D’s school, they factored in lots of things D didn’t have as expenses. I was able to keep her on our family medical insurance plan until she was 26, as long as I could prove she was a full-time student, which saved about $3000 each year. They also factor in quite a bit for room and board and personal expenses that you may be able to cut by living with others - D always lived in a house with roommates. D did not have a car until third year.</p>
<p>^^^Yep, that is what son did. Has a roomie in a 2 bdrm, so $750 but son’s furnishings son roomie pays more $450. COL is low in our area, and we share a car. He did go with the school that offered the scholie and it is IS. So COA is low. His debt will be low. He is doing an MBA in the fall (1 yr) between MS3 and MS4 but tuition, fees and a stipend will cover that. Still, he is always managing the expenses and wanting to keep them low.</p>
<p>Kat</p>
<p>Yeah. Uh- huh. Let’s go with “that’s not happening here”. lol Thankfully her research year/ MS 4 combo plan is working out well financially. And by well I mean “less bad”.</p>
<p>
DS’s (and ours?) current goal is to graduate with about that amount in loan (maybe not “under”) . Knock! Knock!!
However, it is quite possible that he may not pursue a high paying specialty.</p>
<p>maybe posting bring this thread back</p>
<p>Yeah! </p>
<p>I couldn’t find it on the sub topics group. I found it in “latest posts”. </p>
<p>Bookmark it! It will come up there. Besides, this is one thread I always check when I’m here.</p>
<p>Congrats to all with acceptances! </p>
<p>for bookmark</p>
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</p>
<p>?? What’s up? Are you still having problems viewing the pre med topics forum?</p>
<p>I am. This thread appeared in ‘latest posts’ but did not appear for me on Pre-Med Topics. </p>