<p>Your parents will not be eligible to borrow that much.
In addition, PLUS eligibility is reviewed every year and if anything changes - if they can’t pay their credit card for three months - they won’t be eligible at all.
You will be allowed to borrow $5,500 for your first year and since you’re a lower income student, you’ll get about $5,000 in Pell Grants. Anything else comes from the institution (= not from the public universities you mention) and your parents (who will definitely not qualify for that amount in PLUS, and certainly not more than a year…)
Another way to put this is that your plan to borrow $190,000 is likely to make your parents lose their home AND see you drop out after a year or two due to no longer having access to financing.</p>
<p>You can of course apply to private universities OOS only. If you don’t get in, or if the financial aid package isn’t sufficient, you can take a gap year and work (NO community college or any college classes), then reapply to other universities.</p>
<p>The people you mentioned went to professional school - med school, in particular, is entirely financed through loans and costs up to $200,000. It’s recommended future doctors attend whatever university where they can go debt-free, but if they can’t do that, then they have $27,000 from their undergrad in addition to the costs of med school. </p>
<p>LOL calm down you both. 190k? Holy sh-t. I don’t even need that much? My parents have saved money for the past 12 years for college. That + the little aid I’ll get + scholarships = little loans. I doubt I’ll go over 55k for all 4 years. Lmao @ “parents lose their home” and “drop out after a year or two”. I’ll worry about the costs after I get my acceptance letters in April along with how much I’ll have to pay and then think of plans for which I want to attend. So let’s get back to chancing and not making one discouraged or apprehensive. There are millions who attend out of state who are not “rich” and still make it through being successful. </p>
<p>Harsh1296, you want chances, right? And being an “admit/denied” -which is the situation you’re setting yourself to, that is, getting in then being shut out financially- is pointless.
Every year on this board there are students who plan to do exactly what you’re talking about. In the Spring they get into their dream school and post things like “desperate, where do I find financial aid?” And their choices are either community college or gap year. A few take on loans… and have to drop out after a year because their parents aren’t approved for the second year. The situation about losing a house due to loans or a student dropping out after a year or two due to lack of financing (and you have to pay back those loans as soon as you stop being enrolled) is not an infrequent situation. There even was a family who had to pay back loans after their child died. Some parents jeopardize their retirement so that their kid can go to college, which is not wise but may be a sacrifice your parents may be willing to make, but that you shouldn’t take lightly. “LMAO” to this makes me think you might not be mature enough for this process.
You will NOT get scholarships from the universities you plan to apply to (except Cornell if you get in). They don’t have any for out of state applicants. And betting everything on Cornell - which is a lottery school, a crapshoot, a school that’s completely unpredictable even for the best applicants due to its selectivity- is not smart. You’re a smart kid, make a reasonable list (2 schools you will get into and can afford, a handful of schools where you’re likely to get in and can afford), a couple privates where your odds aren’t good . Once you’re done with that,
How much do your parents have in the 529? How much can they give you each month? Have a hard number and work from there to establish your list. </p>
<p>You don’t sound to me like you have a plan that is realistic to pay for this, and it sounds like you want to get your parents to take out big loans. That is just plain irresponsible and selfish, IMHO. If you wanted cheaper education options outside New Jersey, you should have studied harder for your standardized tests so you had a better shot at schools that give scholarships for stats. Many of the schools on your list will give you NO need based aid at all as on OOS student (at least private schools don’t have that limitation, so you ought to rethink your list in light of that).</p>
<p>To me it sounds like you want what you want, and have no interest in the financial realities of it. Good that you have Rutgers on your list, you are going to need it in And… there are NOT millions who attend out of state top schools (expensive schools) and make it through. </p>
<p>Of school mentioned above besides the one on the OP’s list, I don’t see this student getting into U of Chicago, Swarthmore, or Harvey Mudd with that score breakdown.</p>
<p>To say “you should you studied harder for your standardized tests” is so rude. You don’t know how hard I’ve worked to even achieve a 2100+. I’m not a typical CC egotist who gets 2200+ easily. I’ve struggled for a full year and my school isn’t that great either. Also, I do not want to go to those universities, but thanks for chancing me for those by saying I’ll get outright rejections; atleast you served the purpose for this thread. And, I’m not being selfish, as I’m still optimistic that they’ll give me even a little aid. Seriously, I’m applying to quite a few (Rutgers included). So, if in the end the costs end up to be high, I’ll stick to Rutgers and do Masters OOS. Until then, I’m still holding on to NYU (for finance), UIUC, UT Austin and Cornell. Can we move on?</p>
<p>You may have a 4.0, and many 4.0’s get into top UCs, but those are mostly instate students. The UCs heavily weight GPA for instate students. There is no evidence or reason for the top UCs to do that for OOS students. It makes far more sense for the UCs to focus on high test score OOS students to help compensate for the high GPA/low test score instate students that they have to take. </p>
<p>Do this…ask your parents how much TOTAL they will cosign for loans. </p>
<p>My parents’ income has been around 40k and obviously they didn’t spend all every year. UC’s aren’t the only schools I’m applying to… I’m also applying to USC and NYU as matches for private and Rutgers for instate safety. I don’t know if you’ve read this but, I’ll think about which one I want to attend after I get acceptances + aid, depending on which gives me more. I know you all are thinking I am being quixotic here, but I know what I’m doing. Obviously I won’t attend a 55k a year school just because I like it. I’ll think things through after I get acceptance letters. For now, all I’m worrying about is which to apply to.</p>
<p>You should at least run the net price calculators on all your schools before wasting time on applications for some schools you can’t possibly afford. They are on the school financial aid page websites. Don’t waste your time or hard earned dollars on application fees and sending test scores to colleges you can’t possibly afford. And I am not trying to be rude about your standardized test scores, but I am trying to bump you out of the fantasy world you are living in. You likely won’t be admitted to most of the schools on your list as an OOS student, and will not get enough FA to realistically attend even if you do get admissions. Really, the people on this thread are trying to help you find some schools that MIGHT work for you academically and financially. Don’t come out for “chances” if you don’t want to hear a realistic assessment of your situation. In the spring I suspect you will wish that you had paid attention to a few of the alternative suggestions so you would have more acceptances and more affordable options.</p>
<p>I don’t think you are quixotic. I just think you don’t have a grasp on the realities of college admissions, financial aid, and who is going to lend you/your parents that kind of money.</p>
<p>USC reviews applications holistically. My friend with a M+R of 1410 got in with an SAT score of 2140. He simply wrote great essays. And I do think you guys are helpful. But it’s just that I don’t want to attend a university in New Jersey as it’s pointless when I search for jobs; my salary will only be average of 60,000 with their degree as opposed to 90,000 from those that I listed. I also want to work in Silicon Valley and build a startup.</p>
<p>Also, sorry to all of you. I know you guys are trying to help; thank you for edifying me about all of this. One question, which private would be sort of like a match that has a great computer science department? Also, for a job in Silicon Valley, what are your thoughts on bachelors at Rutgers and Masters in UT Austin/ UIUC/ Berkeley? </p>
<p>That’s a great way to find out that your only affordable choice is to start at a community college to save money because 2 years community college + 2 years Rutgers costs less than 4 years Rutgers.</p>
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<p>Texas – super reach for 40 acres scholarship
UCLA – super reach for Stamps scholarship
Berkeley – super reach for Regents’ scholarship (if it covers out-of-state additional tuition)
UIUC – super reach for Stamps scholarship
Maryland – super reach for Bannecker - Key or Stamps scholarship
Rutgers – check the net price calculator to see if it is financially doable; if so, probably low match, else out-of-reach (you need a 35 ACT or 2250 SAT to qualify for the full in-state ride Presidential scholarship)
Cornell – reach (check net price calculator; if not affordable, it is out-of-reach)
NYU – super reach for whatever their full ride scholarship is (need-based financial aid is poor)</p>
<p>To build a more realistic list, start with a safety, such as a school from <a href=“http://automaticfulltuition.yolasite.com/”>http://automaticfulltuition.yolasite.com/</a> , or an in-state public you know will be affordable and which you will certainly get admitted to. Then look for schools where the net price calculator indicates affordability, or which a large enough merit scholarship that is realistic for you will make affordable.</p>
<p>@momneeds2no, your post is confusing. He clearly can’t afford UCs or NYU. He only wants schools that will seemingly guarantee him a job in Silicon Valley. He has poo-pooed suggestions so far that may accept him and be affordable. (He has bumped for suggestions now, but I notice he has not gone back through the thread and commented on the suggestions that have been made). Easy to say he should consider privates where he would be in the running for merit & need based aid, but given that aid doesn’t stack at an awful lot of them, he really needs to find a meets need college for need based aid. Also as far as I can tell, he hasn’t run a net price calculator anywhere. </p>
<p>Ideally he would have understood these facts earlier in his search, and if he really wanted out of NJ, honestly, the best path of all would have been higher test scores. It is the basic fact of college admissions these days that if you want admissions to meets needs schools, you gotta show them the scores OR have a hook with still pretty good scores.</p>
<p>Merit aid DOES depend, virtually 90% of it, on test scores. Competitive merit requires tippy-top test scores and great ECs but unless we’re talking national-level dancer, chess player, or siemens finalist, ECs come after test scores. The CTCL’s weight test score somewhat less and also factor in interest, but OP is not applying to any CTCL. Need based is only based on whether the student got in and if OP applies to 100% need schools, he’d get almost a full ride.
OP’s test scores are excellent for a lower-income applicant. That’s not the issue here - although some schools that primarily use CR+M would see these scores as being in the lower half, it’d be okay since OP has a higher-than-expected-for-SES score.
Another complication is that OP is applying for engineering, not CS - engineering tends to be more competitive.
Admission in his case wouldn’t depend on his sole test scores if he applied to holistic schools rather than “formula” universities (GPA X score). Unfortunately his list consists almost entirely of “formula” schools.
The additional problem is that his list is made of schools that DO NOT offer merit aid nor need-based aid, or schools known for lousy aid period (NYU’s estimate for a family who made $24,500a year was that they should pay $18,000…) UCs are holistic but have no financial aid for OOS applicants.
OP would have great odds at a lot of universities (academically and financially) but not at most of those on his list.</p>
<p>OP: have you looked at the colleges suggested so far (Fiske Guide, Insider’s Guide, Princeton Review’s Best COllege, the colleges’ own websites?) Any that you like?
Have you talked with your parents? How much have they saved for your college, how much can they pay based on their income - you need to have a firm number now, in order to avoid a shutout
40K is NJ isn’t enough to save, even if it’s not strictly “very low income”, so unless your parents have undeclared resources, they probably weren’t able to save as much as you can. In addition, the cost of college has skyrocketed - which means your parents may have no idea how much college costs these days.
Have you run the NPCs on several of the colleges on your list and brought them the results?</p>
<p>Myos, while you make some good points, you present many of your opinion as if it’s fact.
Let’s clear up a few things.
UC are not wholistic. Admission is based on GPA (as calculated by the a-g UC method. Test scores zip code and two essays. No interview. No recs. the op has a chance.
NYU poly offers decent aid.<br>
Rutgers is also with in reach for instate tution and NJ grants.
Many school (not just CTCL) give merit wholistically.<br>
You make some deep assumptions about the economic condion of the ops parents.
Here’s some schools for the op.<br>
Cal poly
RIT
DREXEL
CSU Monteray Bay</p>
<p>Well, err, because it’s fact
UC’s are explicitely holistic. Holistic means they take into account economic circumstances (they’re barred from taking race into account) and essays weigh heavily, which makes the most selective UCs very unpredictable. However they have no need-based aid for OOS applicants, which means OP may well get in, but won’t get financial aid. (The exceptions, UCSC, UCR, and UCM, only offer very, very small scholarships compared to the 55K pricetag, and anyway OP is not applying to them).
OP stated he was “very low income” and that he estimated his family’s income to be 40K.
NYU Poly has been integrated into NYU. NYU Poly has had excellent FA compared to NYU, however its integration into NYU makes it very unpredictable compared to previously, and NYU has lousy aid (so bad the information’s hurting them and they’re raising money to change this.)
The result of all this is that OP has a long list of academic matches that aren’t affordable, plus one super reach that’d be affordable, plus one totally unpredictable match, plus Rutgers. And based on what OP said, Rutgers isn’t where he sees himself. So the rest of his list should be revamped. There are lots of schools that are good for CS and that meet 100% need or would offer preferntial packages for OP’s stats.
Rutgers may be the only solution for OP, but apparently he’s not run the NPCs. It may or may not be affordable - OP has to check with his parents, but indeed Rutgers would be an academic safety and a financial possibility. However, I don’t think OP wants to end up with Rutgers as a sole choice in the Spring. That’s why OP needs to develop a better list.
Cal Poly SLO would be a good choice if OP could afford it - OP, what’s your budget?
Not sure about Monterey Bay, I’d pick Rutgers before it, SJSU for CS, CPP, SDSU, even Chico. But still the financial problem remains. CSU’s are 35K COA so if OP’s family really makes 40K, they’re all out.
RIT is a great suggestion for OP. RPI also.
OP, can you look into ALL the colleges suggested on your thread, and get back to us as to whether you like them or not, and why?</p>
