<p>Are they facing any major budget cuts this year? Also, if you are out-of-state, and you have an EFC of 0, can you expect decent financial aid in grants? How are they with financial aid in general?</p>
<p><a href=“http://library.mines.edu/UserFiles/File/president/IR/CommonDataSet/CDS10.pdf[/url]”>http://library.mines.edu/UserFiles/File/president/IR/CommonDataSet/CDS10.pdf</a> Section H - They do offer institutional grants but far more of the cost is supported by loans. They also don’t meet need (and loans count as meeting need).</p>
<p>If you’re out of state and you have a 0 EFC, then you cannot expect enough grants to help you with costs.</p>
<p>The OOS COA is about $40k</p>
<p>Average merit aid: $4,408
Average financial aid package: $13,830
<a href=“College Search - BigFuture | College Board”>College Search - BigFuture | College Board;
<p>You can expect to get a $5550 grant from Pell, a $5500 student loan, and maybe $2500 in work-study. Obviously, that’s not enough need-based aid to cover $40k.</p>
<p>This is a state school…State schools typically reserve their institutional need-based aid for in-state students.</p>
<p>Someone with a 0 EFC probably will not get the aid that they need from an OOS public unless their stats are high enough AND the school offers huge merit.</p>
<p>What are your stats?</p>
<p>Are you still going to be a PetE major?</p>
<p>If so, I think you might be unnecessarily limiting yourself with opportunities for schools that will help you afford schools.</p>
<p>Some schools are dropping their PetE major for various reasons…some think it’s an area that will be losing employment opportunities.</p>
<p>Wait, is institutional grant aid mainly for in-staters?</p>
<p>It is unlikely you will get enough aid. In state students receive quite a bit of aid compared to out of state students. It will also be very difficult for you to switch residencies to Colorado and prove that you are in fact intending to stay in Colorado. I’ve known people who have had to petition multiple times to get residency (if they get it at all).</p>
<p>Save yourself the trouble and skip Mines and go to a more affordable sister school (NM Tech, SD Mines, Montana, etc.). Your coursework will be infinitely more manageable and you won’t end up in a ton of debt.</p>
<p>~Signed a Mines OOS student</p>
<p>Thanks nola123.</p>
<p>So the institution itself favors in-state students over OOS students with aid? Or is it that in-state students get significant state grants/scholarships?</p>
<p>This is what I found on another thread:
</p>
<p>But this is what it says on their website:
</p>
<p>So the institution itself favors in-state students over OOS students with aid? Or is it that in-state students get significant state grants/scholarships?</p>
<p>Mines is like nearly all state schools. They have LITTLE need-based institutional aid to give. So, it makes sense that they reserve that small amount to their instate students.</p>
<p>However, don’t assume that means that they give significant institutional need-based aid for instate students either. </p>
<p>*Average merit aid: $4,408
Average financial aid package: $13,830<a href=“This%20likely%20includes%20mostly%20student%20loans,%20work-study%20and%20Pell%20grants…all%20Federal%20money…not%20institutional%20money”>/I</a></p>
<p>It has an instate COA of $25k, so instate kids are likely being gapped as well.</p>
<p>Keep in mind that publics charge out of state rates for a reason. It wouldn’t make any sense to charge OOS rates if they then covered the costs with need-based aid.</p>
<p>But the average need based gift aid (from what I’ve researched) is around 6-7k… of course they will give more loans than grants like every other college, but just how much can they give in grants?</p>