Chance Me for NYU, GaTech, Berkeley, UMich (GA resident, 3.7, 1570, finance/business) [<$20k from parents, NMSF]

Chance Me / Match Me!
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Congrats - wonderful profile. I think you’ve heard the reality from many.

UGA and Ga tech would be wonderful and with Hope, you’d be good. And of course there’s Kennesaw, Ga Southern, etc.

You note finance/business - so UIUC and Texas make me think accounting. Neither is a realty given your budget situation. Nor is Berkeley - so forgetting what grades count or don’t, spending $50K more than you have makes no sense - and your test score won’t count.

Who might work?

Florida State with the out of state waiver - Florida calculates your GPA +.5 for Honors and +1 for AP of which you have many. Their range is 4.3-4.6 - but note their GPAs are higher than Georgia given how they weight.

Alabama tuition would be $6K or so and you’d be just over $20K a year and Culverhouse is strong.

But then one would wonder - if you can get into a Georgia school tuition paid, even a Kennesaw, would OOS matter.

There may be other publics. Additionally, and you’d have to check the NPCs, but a school like U Miami meets need. Rice is expanding their class and has a new undergrad business major. Richmond and Rochester also have business majors - and meet need - so you can see how the NPCs show.

So what you don’t know is your DE - who will take (publics) and who won’t.

So if the NPCs come back favorable, you can try a few schools like I mentioned.

Alternative, while I hope a Georgia schools is possible for you, FSU (if you get the OOS waiver which I think you would) or Alabama are both solid b-school subs for the Georgia publics, and would get you to about budget.

Best of luck.

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I think your asking the wrong questions. You should be asking is the value of the education you will receive out weigh the debt. What is your planned career path? Can you achieve it at another more affordable college? do you expect to go to grad school? Finance is pretty wide open for job options and you can find your path at some more affordable options where this burden doesn’t exist. As a finance student, you should know it is not just the debt, it is the opportunity cost of the earnings that has to pay it.

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Tulsa’s scholarship is available to NM Semi-Finalists. One does not need to be a finalist.
https://utulsa.edu/financial-aid/scholarships/nmsf/

  • Full tuition (excluding summers) for five years or until an undergraduate degree is earned. Students must maintain a minimum of 15 hours of coursework per semester.
  • Tier II Room and Board (upgrades are available at your expense)
  • Standard Student Fees
  • Textbooks (all incoming students receive free textbooks for the entirety of their undergraduate years)
  • Secured spot in Leadership TU led by President Brad Carson
  • $6,000 monetary gift per year (funded by the Oklahoma Regents or the TU Board of Trustees)
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Are there any good ways to help pay for the cost besides loans like working while in school? How much is it realistic to make?

Yes there are - pursue schools that reward you financially so you don’t have those costs - that’s why in addition to the GA schools (and I don’t just mean UGA and Ga Tech - my company is in Atlanta - lots of Kennesaw, Ga Southern types in jobs like finance), Alabama, UAH, MS State are gimmes and Bama is very respsected in business. They have auto merit.

Then you have your U of SCs, Miami Ohio, Kanasas, Mizzou and others like that - great merit but not auto merit.

Are you looking for Wall Street or a corporate finance job?

There are many schools that will reward you handsomely. Far more than I just mentioned.

That’s how you - pay the costs besides working and loans.

You’re not the only person in this situation. Tons of brilliant kids are at high merit schools for this exact reason.

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Editing: $80K plus interest.
The government allows you to take $27Kin loans over the 4 years. (That would average to be $6700 per year which you could work and pay off.)

That $80K would have to be taken by your parents because those parent plus loans are not given to the students. You have no collateral in your name and it is is going to saddle you and your income as you begin your career because some employers may run a credit check on you.

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I believe CMU also excludes freshman grades from the GPA. OP, how does the NPC look for CMU Tepper? Any better than NYU, or no?

Emory, mentioned above, also doesn’t include freshman grades in the recalculated GPA. You can also use Hope/Zell there, but I don’t know if that would change the bottom line for you - in most cases, colleges won’t “stack” scholarships to drop your out-of-pocket below what the need-based financial aid formula indicates as your expected family contribution. Emory does have no-loan aid, so at least the cost that you see is debt-free, and you could elect to take the guaranteed loans and drop your out-of-pocket a bit more. See how the NPC looks.

Berkeley is unaffordable, full-stop. And the other OOS flagships. How would you pay for these??? You have such great options in-state, with such great state-level financial support… and you’re NMSF. You will have affordable options.

SMU is another strong business school with potential big merit; the NMF award is only 5K/year but there are other bigger scholarships that are possible.

Definitely look at the big-merit NMF schools already mentioned above. This ongoing thread may also be useful Big merit NMF/NMSF schools and their specialties

Above all, do not submit a binding ED application to any school whose expected family contribution you cannot afford. Have you found any schools that are affordable on need-based aid alone? How does Stanford look? (An unlikely admit, but their aid is about as good as it gets. If Stanford isn’t affordable with aid, then need-based aid probably isn’t your path to getting college paid for - look to the big in-state and NMF scholarships instead.)

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I missed the NMSF part and I know it was mentioned upthread - but President Carson just posted this on the NMF/NMSF chat. That he’s always on here is cool and the fact that a quarter of his class are NMS are cool - and you’ll find big populations at schools like Bama, UTD, Maine, Florida State and many more - there’s a reason kids are flooding to these school - so now you’re even in a better position to reach your goals without the stress of debt.

PresCarsonTulsaSchool Representative

vistajay

5h

At the University of Tulsa, we will guarantee NMSFs the best package in the country. Come check us out. There’s a reason 25% of our new 1st year class are National Merit students.

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@Gumbymom is this true? I thought the regents scholarships were a smaller amount. If I’m wrong…glad to hear it for the few who might receive higher awards…

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It depends on the UC.

From UCSD’s website:

"The Regents Scholarship, based on academic excellence, is a prestigious scholarship awarded to UC undergraduate students. Regents Scholars receive an honorarium of up to $20,000 plus special privileges as outlined below.

Eligibility requirements
Entering freshman or transfer student (both California residents and non-residents)

United States citizens, permanent residents, or California Dream Act students

Demonstrated academic excellence (strength and breadth of your high school academic program, grades and other academic criteria) Awards

Entering freshmen and transfers without demonstrated financial need receive an annual honorarium of $5,000. Entering freshmen will receive the honorarium for 4 academic years, and entering transfers receive it for 2 academic years.

Regents scholars who are CA residents, and have demonstrated financial need will receive additional scholarship and/or grant funds to meet the financial need for 4 undergraduate academic years for freshmen and 2 academic years for transfers."

Regents Scholarships for Entering Freshmen.

At UCSB, it is $5000 per year with other school benefits like guaranteed housing.

At Merced, it’s $7000 per year.

" * If a Regents’ Scholar has additional financial need beyond the $7,000 honorarium, the scholar will be awarded the maximum amount of university scholarships and/or grants to cover the remainder of the scholar’s in-state need. (Cost of Attendance minus Expected Family Contribution minus other financial aid equals need)."

At UCLA: " All Regents Scholars are considered for a $2,000 honorarium regardless of financial need . If a Regents Scholar has additional financial needs beyond the $2,000, the scholar will be awarded a university scholarship and/or grants to cover the remainder of the scholar’s need."

It really depends on the school. I’ve never had a student report a full ride through Regents, but typically it’s a combination: Tuition is paid, housing is guaranteed, an honorarium dispensed $2k-$5k, books are paid. If the student is considered “low-income”, then the State may cover housing.(ETA: if they are State residents.) Each UC selects REGENTS candidates differently. Some do the top 1-2% of entering/admitted freshman/transfers.

In other words, this student can’t bank on receiving REGENTS awards to make the COA needed.

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Regents has a need based component that is only considered for CA residents so some Regent scholars can get close to full financial aid as an in-state student.

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So…what amount would the regents be for this OOS student?

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This is an important discussion that deserves its own thread. Does someone want to start a “UC General” thread comparing the honors programs and Regents scholarships at the different UCs?

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Regents merit only is anywhere from $2K to 10K/year depending on UC Campus. UC Davis and UCI have OOS scholarships worth around $13K/year which is given to top OOS students. That still leaves around $60K in costs/year for the UC’s. No OOS student should depend upon merit aid at the UC’s to make it affordable.

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Ah I didn’t realize that the needs based part of regents only applied to in-state! So do OOS only get the baseline $2,500 (for UCB, as that is the only one I’m familiar with)?

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Usually OOS only get the merit portion. Some campuses may offer some campus specific grants to OOS Regent students but not something to count on. The majority of Regent scholar’s are in-state top students. You do not often hear of an OOS student receiving Regents.

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UCB goes higher than that (my D got close to $30K).

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She is in-state and probably qualified for some University grants and need-based aid.

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Again, I am only familiar with UCB, but it seems quite a few OOS students did get regents last year (based on my daughter’s regents friend group, although that’s obviously a skewed sample based on who she happens to be friends with).

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The $30K was specifically through regents. There’s also a middle class scholarship on top of that. She did lose eligibility for the cal grant based on university-provided aid.

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Even so…this student is an OOS resident and therefore should not count on a significant regents scholarship to fund the UCs. @Gumbymom is that correct?

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