If you add room and board, you’re about $150,000 short. If they scrimped and saved $50,000 for college your whole life, how are they suddenly able to pay $50,000 a year for college…without any debt? If they had that much money, they either wouldn’t need to save at all, or that amount would be much bigger. To be honest, this is starting to sound like wishful thinking.
Here’s my advice. You have $50,000 in the bank already. That’s just enough for 4 years of college, with room and board in Texas. Take it. That’s basically a 4 year scholarship completely debt free. Even if you could afford Penn State right now, that might not be true in the next 4 years. If money gets tight in your junior or senior year, most your credits won’t transfer, and you’ll be totally screwed.
@coolguy40 okay thank you for my help. My parents arnt worried about college money rn. The 50,000 is mainly from my grandparents over the years. My parents are both lawyers and are doing great financially. I also am planning to got to Tulsa University for grad school as a lawyer. I get to go there for free because my grandfather has been a professor there for 26 years. I want to go to Penn state and my dad does too since he was a grad and he grew up A few hours away.
“Please reconsider PSU. Besides cost there’s no guarantee you’ll get into the business school It’s not direct admit. You’ll need at least a 3.2 GPA.”
Why should you reconsider applying to PSU, especially when one of your parents graduated and you can talk about growing up in a PSU, school spirit etc…
If your logic is that you shouldn’t apply because you can’t get in, well that’s pretty flawed.
OP, apply to PSU for sure, if you’re fortunate to get in, then you can evaluate the major you’re in and affordability. Good luck!
OP can do whatever he wants. If PSU main campus is your dream school go for it. Apply and see what happens.
My point is that OP wants to major in Business. Smeal is a competitive admit after sophomore year. You’ll need a 3.2 for most business majors. Finance is a 3.5 or higher.
OP’s HS stats are bottom quartile. He’ll be competing for admission into the business school against kids whose stats were higher, much higher. What happens if he doesn’t meet the requirements? Will OP be happy to change majors to Econ or something else? If not, he’ll have to transfer schools.