It sounds like with our EFC SUNY schools would be full pay unless S commutes. NPC for Bing came out 22,250 and Cornell 28,000. Planning to apply to Cornell ED. Still working on Profile. Additionally, he does have a scholarship for Clarkson 15,000 annually. I understand you lose the chance to compare offers by applying ED but it sounds like the cost will be similar everywhere anyway. Scholarships are applied to the student’s portion of cost ( fewer loans or work-study) not the parent’s contribution right? Thanks for any help understanding this process.
EFC 23,000
NYS res
ACT 32
SAT 2 760
SAT PHY 730
electrical engineering
You might want to look at University of Alabama Huntsville for engineering given those stats. I think he’s eligible for full tuition. Room and board is relatively inexpensive and there are amazing opportunities locally for engineering students.
I think loans are applied to direct costs not particularly to parent or student.
Thank you both! I have been looking into UAH since learning about it on this site. So am I right in understanding that we would most likely be paying in the ballpark of our EFC even if he attends a SUNY school? In other words there are no “more affordable” options that I am overlooking - other than CC, SUNY (commuter), or possibly UAH since they will just scale back grants if we sell assets or make more $ going forward?
NYS has the STEM scholarship if the student graduates in the top 10% and meets some other criteria. The award is the equivalent of suny tuition and would bring the cost of suny down to room and board. The award can be used at Cornell …but only at the land grant college… and my understanding is that you still need to pay your efc. The award will not reduce your efc.
The STEm incentive will end up being a wash, with no additional monies at the eligible schools at Cornell as it will only just rebucket the need based aid that Op’as son would already receive
Excelsior is a last payer. If the take the stem scholarship there would be nothing coming from excelsior because tuition would be covered. If you got honors college money, that would be stackable
If you did not want to commit to STEM and made under $110k you would be eligible for excelsior, which would pay out after tap and PELL.
Read the rules for NYS scholarships. I think the STEM requires the student to work in NYS for 5 years after graduation or the grants are converted to loans. If you drop the STEM major, the grants are converted to loans. The Excelsior is an income based grant, so I don’t think it has that condition on it, but make sure you understand any it does have.