Can anyone break down this Financial aid Situation?

<p>Ok so I am a Junior in HS and wanted to know a few things:</p>

<p>I am from Ohio and want to attend North Carolina State, My stats as of now are way above their avg and I'm a URM(black) male. Being accepted isn't what I'm worried about Because the class of 2013 have 7 people who applied with mediocre scores and made it in) , it is the tuition for OOS. I went on college board and enter my Financial situation on the NPC to get a EFC and estimated COA and it said</p>

<p>Total COA: 36k
Pell:5k
Institution/State Grants: 18k
Loans:5.5k</p>

<p>New Total: 7k</p>

<p>Now are the Questions:</p>

<p>Does the grants come from the FAFSA or the school is giving that out?
I thought it is tough to get a good tuition rate if your OOS?
Is this a good estimate for a family (me and my dad) that's 1.5 steps above poverty?</p>

<p>The FAFSA doesn’t GIVE money. It is a financial aid application form. Your aid will be awarded by the school, and will hopefully include federal grant, loan, and institutional money. I hope you get work study too. </p>

<p>A few things…you are a junior…so,the NPC now should be viewed as an estimate only because it WILL be updated for the 2015-2016 year, when you will be a college freshman. Second…with regards to the grants (not the Pell)…I’m wondering if those are guaranteed, or if they are possible. If they are not guaranteed, then you really can’t count on them.</p>

<p>If you are 1.5 steps above poverty, you need to answer this…your balance in the BEST scenario is $10,000. Can your dad pay $1000 a month or so to,support your college costs? That seems
Ike a huge amount to me…if you are really near the poverty level.</p>

<p>If NC State is really a school you like, sure, apply. But please be prepared to walk away if the money is NOT forthcoming for you to attend.</p>

<p>In addition, please, please…look for schools that are more affordable than OOS public universities might be. There is a thread above in the stickies for merit aid. See if you qualify for any of those. And look at your instate public university options. See if any of them or your state offers grants for low income students. </p>

<p>Good that you are starting to look now. </p>

<p>There are lots of colleges, and more than one which works for every student!</p>

<p>FAFSA is an application for FEDERAL AID.</p>

<p>That PELL GRANT is FEDERAL AID which you qualify for based on your FAFSA. <<— this isn’t from the school. It is because you filled out FAFSA.</p>

<p>So, your family would have to pay AT LEAST $7k. Can your dad pay that?</p>

<p>Frankly, I am shocked that NCState is giving out that much institutional need-based aid to an OOS student. That seems nuts.</p>

<p>my dad can put up 3k and cousin 2k and im a scholar at my school so i get dibbs on all private scholar ships, i just want to pay 7k< for ncsu, this will also be for my freshman year because I have an aunt that lives in NC 1hr away from campus. so sophomore year I will have residency!</p>

<p>Please, be aware that the NPC is not always accurate. It is an average and what you end up getting may or may not be close. Also the NPCs are new and some do not have things in there that differentiate some things like state vs non state awards. Maybe these numbers are close, maybe not. Until you have the package in hand, you can’t tell. </p>

<p>Pell comes from the Federal government and you would get that amount for any school with a cost that is at least that. It is an entitlement. The $5,5K of loans is likely the Stafford loans which again are an entitlement from the federal government. You will likely get $3.5K of them subsidized which means no interest accruing on them while you are in collge. Though this money comes from the Feds, it’s paid to whatever school you attend and goes directly onto your account there, to be taken for tution and other billed costs. </p>

<p>The big issue is the Institution/State Grants. Doubt that NC is going to give you state money as you are not a state resident. Which would mean that the school has to come up with $18K in grants for you. Will they? Do they on average? Look up what the average packages are and average need met on the common data sets. Still an issue as NC state is heavily in state in student composition so trying to read OOS numbers from that is difficult. </p>

<p>IF you can swing $7K a year, and that figure includes transportation, supplies, books, and other things you might need to get started, then it’s a good deal, but bear in mind that you don’t have anything yet. Until that award letter is in your hands, this is just an estimate. If your family and you cannot come up with the $7K, then it’s not a good package. A famiy that close to poverty doesn’t need extra financial burdens. You are the best judge of how you are going to come up with this money.</p>

<p>Also, hopefully, you have applied to other schools, and perhaps they will leave less for you to pay than this. BUt until you have the offers spelled out, it’s not a deal for you yet. IT’s speculation.</p>

<p>Residency is NOT based on where you or your aunt live. It’s based on where your PARENTS live. Unless your dad moves to NC, you will not get residency.</p>

<p>NCState is a CSS Profile school so your aid won’t just be based on FAFSA.</p>

<p>NC state only meets full need for about a third of its students. The average need met is aobut *5%. The average scholarship given is about $9K and about 15% of the kids get merit oney which averages $5K. How this plays with OOSers is unknown.</p>

<p>Also, getting residence changed to instate may not be easy. Do look at the requirements. Most schools require the PARENTS of a dependent student to be living instate, not an aunt and non court ordered guardian ships don’t make the cut. You had better check that out so you don’t end up getting turned down for state residencey as that can happen, if you don’t know the rules and how strictly they are enforced at any given school.</p>

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<p>[NC</a> State University Tuition Residency](<a href=“http://www.ncsu.edu/grad/tuition-residency/]NC”>http://www.ncsu.edu/grad/tuition-residency/)</p>

<p>Click the + signs to see all the details of residency requirements and the PDF link at the bottom of the page.</p>

<p>Also look up what the definition of legal guardian is. OFten you can’t just have the parent sign over guardianship to somene in state as it would then make it so easy to get state residency most anywhere and the only OOSers would be freshmen.</p>

<p>As some of us pointed out on one of your other threads, state colleges exist to serve state residents, who support the schools through state income taxes. Because instate students have been and continue to support the schools (at least through their parents’ taxes). they are entitled to tuition discounts.</p>

<p>The state you live in would give that discount to you.</p>

<p>Look at the threads on schools that offer guaranteed merit scholarships and fall in love with a few of them.</p>

<p>Um…no. You will NOT gain instate residency at NC State for your subsequent years because your aunt resides in the state. Sorry…not going to happen.</p>

<p>Thanks for the breakdown, I really want to go to ncsu so I will probably get as many private scholarships as possible, If i “move” to NC after my graduation then either I will have a jump-start on the 12 months for legal residency or I can immediately change my address and get a summer job in NC! I’m in Ohio, I will not tolerate this place any more</p>

<p>You can’t usually get residency because you moved there for school. Moving the summer before college will NOT get you residency in most states if your parents do not move there. You will not be a resident for any of the four years you are there. Check for sure, a couple of states have more lenient rules, but I don’t think NC is one of them.</p>

<p>Wild factor…to gain that instate residency, your whole family needs to move to NC prior to the start of your senior year in high school. YOU moving there alone will do you NO GOOD. As a regular 18 year old undergrad, your state of residency is the state in which your parents reside in the very vast majority of cases. </p>

<p>As noted upstream, you would also have to demonstrate that your residency there is NOT for instate tuition purposes. Clearly that IS what you are wanting.</p>

<p>Please do NOT count on this…unless your family is relocating at the end of your junior year of high school.</p>

<p>Your parents work and pay taxes to support the public universities in the state in which they reside. They are NOT doing this in NC.</p>

<p>ETA…oh please. Ohio has a number of very fine public universities which will be affordable to you. You do NOT have to go to the one in your backyard. There are public universities peppered all over the state. Many fine options.</p>

<p>ok so what about applying for instate residency for “tuition purposes”? If i start prior to graduation then sophomore year will be instate tuition</p>

<p>12 months staying, register vehicle, get licence</p>

<p>Here is a link that may help you understand this. </p>

<p>[NC</a> State University Tuition Residency](<a href=“http://www.ncsu.edu/grad/tuition-residency/]NC”>http://www.ncsu.edu/grad/tuition-residency/) </p>

<p>When you dig into this, you can see that your source of financial support and where your parents live is a critical element of this. They are not fooled by a driver’s license change or vehicle registration. States do not want to use their taxpayer’s dollars to educate the kids of parents who live in other states. Unless you do not intend to take financial support from your dad and move there at least a year prior to starting college, you aren’t going to be able to establish residence by going there and going to college for a year or two.</p>

<p>OP, did you click the link in post 8 and read the info on the school’s website? Residency is based on where your parents live. Your parents would need to move to NC and establish a domicile for you to get in-state tuition. </p>

<p>If you alone move to NC to go to school, you will not get in-state tuition at any time during your undergraduate years no matter where your driver’s license, car registration, voter registration or bank accounts come from.</p>

<p>ETA: cross posted with intparent</p>

<p>Ok now I see, but there are no OOS tuition waviers</p>

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I think you’re starting to get it now… If you really want to get out of OH you can try one of the less expensive northern tier schools like U of South Dakota. Otherwise I’d look in-state. As an earlier poster stated, there are good colleges all across OH. Choose one in a different part of the state.</p>

<p>Wildfactor, hopefully you have a variety of colleges on your list. You can sit and compare costs and opportunies when the offers and aid packages are on the table. You might want to discuss the possibliity of becoming a NC resident in the second year, as you are going to be living with your aunt for some of the time you are down there and that it is a strong reason for picking that school. Someone there might be able to advise you what the possibilities are for doing this. Or not. Usually it’s not easy getting instate status when your parents are not living in state.</p>