Financial aid package

<p>I got my award letter yesterday. I am instate and got all of the demonstrated need without loans.</p>

<p>I got mine yesterday too. I’m out-of-state, and it was terrible. :frowning: Did anyone apply to the GT alumni scholarship or whatever they call it? When do we find out?</p>

<p>I only got loans…■■■</p>

<p>my son is OOS and he received 0. So it is off to Gainesville it is.</p>

<p>Go Gators!!!</p>

<p>I hope to meet some of the need by work-study. Does anyone here have information about the this process?</p>

<p>@gator4ever: same deal with me…no demonstrated need. So I guess I have to stay in Florida.</p>

<p>@gator4ever and jaredk, looks like it is UF for me too.</p>

<p>Went to a GT Alumni Meet and Greet today and actually met a grad student who shed some light on ways to cut corners tuition wise.</p>

<p>Participating in the co-op program is obviously a huge help, but the most important thing he mentioned to me was that students studying abroad pay IN STATE tuition by Georgia state laws. So you could theoretically knock out a bunch of your classes overseas and only be paying in state tuition, regardless of where you come from. I thought that was an extremely useful piece of information.</p>

<p>So an OOSer can pay in-state tuition if they take classes outside the US? Sounds interesting, but that would mean the GPA from overseas wouldn’t transfer, right?</p>

<p>That’s exactly what I’m saying. The grad I talked to said it helped him out significantly. The only catch is that 1.4 credits earned overseas = 1 GT credit. I haven’t researched what the potential drawbacks of that are, but the in-state tuition perk for studying overseas seems like a great option regardless.</p>

<p>I don’t know where the 1.4 abroad = 1 GT credit came from. That is false. Tech has a number of programs (Oxford, GTL, etc…) where you can actually take classes from Georgia Tech professors, so nothing is different, and there are no issues with credits. These are also the only programs where you pay in-state tution (plus a fee). If you attend a non-GT affiliated school abroad, you pay whatever tuition they require. Whether a class counts is based on the content of the course you took abroad, not the fact that it is out of the country, so if you take the equivalent course you will get equivalent hours.</p>

<p>[IT</a> University of Copenhagen](<a href=“http://www.oie.gatech.edu/sa/programs/details/ITUnivCopenhagen.php#creditinformation]IT”>http://www.oie.gatech.edu/sa/programs/details/ITUnivCopenhagen.php#creditinformation)</p>

<p>For that program and many others in Europe, if you click the credit transfer information, you’ll see where I got the 1.4 from.</p>

<p>However, I do see that the Oxford program has a direct 1 credit for 1 credit transfer system, as you mentioned. Just wanted to clarify tha I wasn’t pulling 1.4 out of my you-know-what.</p>

<p>That is correct. There are conversions for some universities. However, this does not mean you are taking more hours/doing more work to get the same credit. Some foreign university’s calculate credit hours differently than US universities, hence the disparity.</p>

<p>I’m an in-state student and I emailed tech asking them about my award letter and they said that they are working on summer aid now and that 2011-2012 award letter will be available in mid-june!? how is it that some you all already have an award letter? does it have to do with being OOS?</p>

<p>The award letters already came out. Students need them before the deadline to submit their deposit.</p>

<p>If you are in-state, your “award” will be Hope + the Zell Miller Scholarship.</p>

<p>There may also be need-based Pell Grants, federal work-study, and/or subsidized Stafford and unsubsidized loans. Does Tech give out any institutional need-based grants? Is there any money left?</p>

<p>For instate, is everyone’s cost of attendance around 20,000? Also, how do the loans work? I was offer subsidized loan, which is not a sufficient amount, but at least it doesn’t charge interest. However, for the unsubsidized, which is a lot more, it charges interest and requires payment once it’s dispersed. How do they expect students to make those payments while still enroll full time? Will my COA go down if choose to decline those loan?</p>

<p>@Banjohitte… So why was I told that that they are still working on fin aid for summer and fall? I’m still not able to see my award letter on buzzport, not even for summer semester in it’s like four weeks ago. I don’t know what to do because I do not want to apply for summer housing unless I my award shows up on buzzport!!!.. Should I call them? I do not know what to do… any advice?</p>

<p>@ Malliford: Tech does give need based grants to the most needy in-state students: [Georgia</a> Institute of Technology :: G. Wayne Clough Georgia Tech Promise Program](<a href=“Blow the Whistle! (404 error: page not found) | Financial Aid”>http://www.promise.gatech.edu/)</p>

<p>@nixmm77: You actually do not HAVE to pay interest on the unsubsidized loans while you are in school. This is not advisable, but if you have to, and think it is worth it, you can roll the interest owed on the loan into the principal. This means that once you graduate you will not only have to pay back the original principal and the interest you didn’t pay while in school, but you will also have to pay back interest on the interest that accumulated while you were not paying it. The interest payments shouldn’t be huge while you are in school, because the government caps how much you can take out in loans, but you definately need to budget for them should you decide you want to pay interest as you go.</p>

<p>@SRC1100: You can call if you are concerned.</p>