<p>I am a current community college student who is also playing on one of the schools' sports teams (baseball). I plan on transferring to ASU for the Fall 2015, meaning I will be paying out of state tuition seeing that I am from California. My problem (or problem in this case) is, that I come from an affluent family well above the need based financial threshold, but am going to be supporting myself while away at college.</p>
<p>Is there any way other than applying for certain scholarships and crossing my fingers to chip away at the mountain of debt I will likely pile up? My out of state undergraduate plus pursuing my MBA in business will likely leave me owing quite the chunk of change. Any responses would be appreciated,</p>
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<li><p>Are you athletic-scholarship-worthy at any school?</p></li>
<li><p>Realistically, until you become financially independent for college financial aid purposes (age 24, married, military veteran), your family’s income will be counted against you for financial aid. So, until then, you may find almost all colleges to be unaffordable unless you get a large athletic or merit scholarship, or your parents contribute enough to make it realistic for you to self-fund the remainder.</p></li>
<li><p>Why out-of-state ASU when there are many in-state UCs and CSUs? When you become financially independent for college financial aid purposes, you will find that in-state public financial aid will be better than out-of-state public financial aid.</p></li>
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<p>You can only take out a small amount of debt yourself without parents co-signing or taking out loans themselves. Are they willing to do that for you? Any particular reason they won’t be helping with your college costs?</p>
<p>A few scholarships to small colleges in the midwest, nothing noteworthy, or anywhere I would consider attending for that matter.</p>
<p>I plan to apply to CSUs in SoCal such as Long Beach, Fullerton, and Cal Poly SLO. From my understanding, ASU has a fairly reputable business program, which would help in the admission of a slightly higher tiered graduate school. If this is the case, the ~10k a year extra in out of state tuition, when factoring in cost of living in SoCal, could prove to be worth it. </p>
<p>Even when considering cost of attendance at CSUs, I am looking at well over $100k when graduate school is all said and done, so any way to put a dent in this would help. Thanks for the response!</p>
<p>Well… it might shed light on whether the OP could live at home and attend a CSU. Which might be the most reasonable option cost-wise. Anybody intent on getting an MBA should be smart enough to know that $100K in debt is a terrible idea.</p>
<p>@TomSr, nothing in particular other than being one of four boys, and them being very persistent on a “not being handed everything in life” philosophy, which I understand. And as I stated above, they would be willing to cosign on my loans, so I am grateful for that. </p>
<p>@intparent the 100k is assuming I eat the entire cost of my education, which hopefully is not the case by way of scholarships and other financial aid. I am uncertain how graduate programs work in regards to financial aid, my question being if I would receive any scholarships from the school for a high/ish undergraduate GPA.</p>
<p>Well, I may be wrong, as I have little experience with this matter, but couldn’t you wait until you are in a more stable financial situation after undergrad before you get your MBA? That way, you could save up for it slowly and repay old loans instead of taking out so much in debt all at once. In addition, some employers help pay for you (or at least subsidize) you when you go back and get your MBA</p>
<p>Cal Poly SLO is well regarded for business, more so than Arizona State. Why not complete your undergraduate degree at instate rates and work for a while before pursuing an MBA? It’s rather unusual to go straight from undergrad to MBA. People typically work for a few years and then go for an MBA (often paid for by the companies they work for).</p>
<p>It always amazes me when a future business major doesn’t seem to see an issue with a huge amount of debt. I really think personal finance should be a required course for all high school students.</p>
<p>Your parents probably “worked their way through college” – but it was more realistic back then, since a high school graduate was more likely to be able to get a job that allowed him/her to support himself/herself and pay the then-much-lower tuition and books cost at a nearby in-state public university. These days, it is harder to do that if you live on your own, though it may still be more doable if your parents will let you live in their house (possibly subsidized).</p>
<p>CSUs are about $9,000 per year in-state for tuition and books. Living at home estimated costs would be $4,000 to $5,000 for room and board (food and utilities costs), although many parents subsidize this. If they do let you live at home at no charge, you may be able to cover the local CSU tuition and books with a federal direct loan and a part time job.</p>
<p>With 4 boys to put thru college, I would NOT count on them co-signing loans. Once they realize that they will not be able to do so for the rest of the kids, they will likely say “no” and quite soon.</p>
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It always amazes me when a future business major doesn’t seem to see an issue with a huge amount of debt. I really think personal finance should be a required course for all high school students.
“”</p>
<p>This is sooooooooooo true. What kind of “business head” does someone have if they think taking on a bunch of student loan debt is “good business sense” for a young person??? It is exactly the opposite of good business sense. </p>
<p>Do you realize how difficult it will be to pay back those loans? Do your parents? How money-savvy are they that they would offer to cosign big debts??</p>
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the 100k is assuming I eat the entire cost of my education, which hopefully is not the case by way of scholarships and other financial aid. I am uncertain how graduate programs work in regards to financial aid, my question being if I would receive any scholarships from the school for a high/ish undergraduate GPA.</p>
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<p>Not likely. Having a good GPA as a transfer isn’t a big deal to a school, which is why merit is rare or small. Don’t expect much/any aid as a transfer.</p>
<p>It’s better for you to go to undergrad in your home state, unless you get an athletic scholarship that pays. (Doesn’t ASU give scholarships for baseball???)</p>
<p>The MBA programs that are truly worth attending are hideously expensive and very selective. They also will not admit you unless you have at least two (preferably five) years of increasingly responsible professional experience. They don’t give a rip about where you went to college. They do care about your work experience, your undergrad GPA and your GMAT scores.</p>
<p>So, you can go to your cheap home-state public U for undergrad.</p>
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<li>Actually, having a few years of relevant work experience will help you more</li>
<li>you will not get scholarships for an MBA program by having a high GPA. MBAs are usually funded in 1 of 2 ways: employer funded, where you work and pursue your degree at night or on weekends or you self fund (pay yourself or your parents pay). BTW, HBS is currently 72k/year</li>
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