im at a community college and i want to transfer to a 4 yr college that is in my state will financial aid take care of all my dorm fees etc. or just some of it? i really want to experience dorm life
How much can your parents pay each year? If their income is low enough, you may qualify for up to $5k/year Pell grant and you can borrow up to $7500/year in federal student loans. Many colleges don’t offer much transfer aid, but check the websites of the colleges you’re interested in and apply for any that do exist.
The transfer advisor at your CC should be able to help you learn more about admissions and aid at the 4-year colleges and universities in your state. Start with that person.
How much is the COA (cost of attendance) at the 4-year college? How much can your parents pay? How much can you pay out of summer job earnings? What is your FAFSA EFC? Would you transfer in as a sophomore or a junior? How is your GPA? What is it about experiencing dorm life that interests you? What is your major?
Probably not. Depends on the kind of aid the univ gives, your parents’ income, state aid, etc.
Run the Net Price Calculator on the school’s website and see.
[QUOTE=""]
really want to experience dorm life
[/QUOTE]
Typically, at most schools, there is not funding for room and board. that is typically a luxury and you/your family must pay for it. There are some exceptions at the top schools, but typically transfers don’t get great aid.
What school is this? Can you commute to it
How much if any aid you will get at the 4 year U depends on your personal situation. You can go to the finaid web pages of the school and run the Net Price Calculator to see how much aid you may get for your situation. As someone mentioned talk to the transfer advisor at your CC. If you are getting enough aid now to cover your CC expenses, no the aid isn’t going to automatically increase to cover all or even some of your dorm expenses.
Which state are you in?
In my state, the state schools are pretty good about meeting full need as defined by FAFSA and COA in terms of tuition and fees. Beyond that…not so good at all. Some states don’t even do as well. Some states like CA seem to do very well. So it depends upon the school, the state. No school guarantees to meet full need as defined by the EFC, so there is a lot of gapping going on.
In fact, an financial aid in the way of grants, as well as scholarships, and work study that exceed allowable expenses which are the tuition, fees, books, necessary school supplies as defined in the tax laws are considered taxable income once they exceed the tax threshholds.