<p>I'm having a really hard time digesting the fact that my parents have to shell out 200k for my college education. Should I just live with it and go to (see below) since the dough is after all, all from my college fund or go to VT or something instead ? Help.</p>
<p><em>UC Berkeley</em>
Georgia Tech/Virginia Tech/U Virginia</p>
<p>Are you saying that Cal would cost you $200k vs much less for GT, VT and UVa? How much less are we talking about?</p>
<p><em>UC Berkeley</em> - $190k including misc expenses.
Georgia Tech - $160k including...
Virginia Tech(Honors Program) - $120k inc...
U Virginia - $160k...</p>
<p>^ Yikes!</p>
<p>This all going to be loans (i.e. debt when you graduate)?</p>
<p>Nah, no loans. Parents' dough.</p>
<p>Well, I do think Berkeley is worth $30k over GTech and UVA.<br>
But, that's my insanely biased opinion.</p>
<p>You want to major in what engineering field again?</p>
<p>Actually, I kinda agree with that bit. If I'm asking for 160k, then might as well go all the way and go to my dream school ... ;)</p>
<p>Computer Science.</p>
<p>Cal over UVa or GT for sure. But $70k between Cal and VT is a lot. I am not sure how this will impact you.</p>
<p>Have you visited Cal yet? Or any of your other choices?...If I recall you're international (India), right?</p>
<p>$70k is a lot of money. Are your parents comfortable with this?
Is the money all set aside for college expenses, or is it coming from some other family funds that could be used for another, maybe higher priority purpose?</p>
<p>Nopes. :| Yeah, from India ..</p>
<p>The money was set aside for my college education, but I think 190k would just about empty the piggy bank; Which is what's bothering me ...</p>
<p>Can't I somehow take a loan for my final year at Cal and live happily ever after(with a 50k debt ;)) ?</p>
<p>^ Sure...Cal EECS will open many doors for you - especially computer science vs. Virginia Tech. </p>
<p>You can also maybe look for a part time job to subsidize the cost...I'm not to sure how the visa stuff works for that though.</p>
<p>Go for it if it's your dream.</p>
<p>Urr, n00b question: Are International students eligible for student loans in the US? :S</p>
<p>^ No idea...good thing to check out.</p>
<p>Bumpity bump.</p>
<p>Cal opens more doors for you in Silicon Valley. $50K debt for 4-year is doable, IMO.</p>
<p>$50k at 8.5% interest (PLUS loan rate - you'd be lucky to get it) with a 1% origination fee means that you would have to pay $626 per month for the 10 years after graduation to pay it off. If you paid off at the rate of 10% of your salary, you would require a salary of $75,142 to pay it off.</p>
<p>You can figure these things out at FinAid</a>! Financial Aid, College Scholarships and Student Loans - check for the calculators.</p>
<p>^ Yes, but the OP's question is: as an international student, can he/she qualify for student loans?</p>
<p>No idea. I actually presumed his parents would have to qualify for the loan.</p>
<p>
[quote]
$50k at 8.5% interest (PLUS loan rate - you'd be lucky to get it) with a 1% origination fee means that you would have to pay $626 per month for the 10 years after graduation to pay it off. If you paid off at the rate of 10% of your salary, you would require a salary of $75,142 to pay it off.</p>
<p>You can figure these things out at FinAid! Financial Aid, College Scholarships and Student Loans - check for the calculators.
[/quote]
Ouch.</p>
<p>Wait, Cal offers Intl. students financial aid after 2 semesters, right ?</p>
<p>Is the $3000 fee hike applicable for OOS as well? That brings the total cost for UCB to more than 200k.</p>