$350K is after 401(k) contributions I believe. We both max out our 401(k) plans contributions.
Is this true?
The “free ride” is the Stamps.
This what GT guide told us when we visited it.
The Provost is, IIRC the one that gives OOS students an instate rate. There are also a boatload of endowed institutional scholarships.
Looks like costs will be from $50,000 to $80,000 per twin for the schools on the lists.
You believe a student tour guide…but you won’t believe a NPC? ?♀️?♀️?♀️
@mommdc unless they get merit awards…where those are given.
@Al73 - did twin 1 take any of GT’s distance math classes? http://admission.gatech.edu/dualenrollment/distance-math-and-science-programs
The price difference between instate and OOS tuition for GT is only about $11k. So its not a huge scholarship, but the instate tuition is very reasonable (a little over $10K)so the school is a great bargain when an OOS student gets IS tuition. An OOS student is not eligible for the HOPE or the Zell Miller, as that is for ISS only.
GT is relatively “cheap” compared to other top schools. (OOS tuition/room/board/fees is around $50K.) With instate tuition, its around $29K , which is very reasonable.
It not a tour guide. This info was provided by an admission officer who did presentation.
No
OOPs typo above— the instate is 21K less, not 11K. My bad. Apologies for trying to do too many things at once (true confessions- I was watching “The Voice” and trying to read/type). So much for divided attention… oops.
We are instate, so don’t really pay attention to the OOS tuition.
What’s fascinating, as an aside, is how GT has risen in the ranks since it joined the CA in 2013. Before then admission rates were over 50% (I don’t recall the In and OOS admission differences) and it was my DS#1’s safety school, with overall admission rates around 59% when he applied. Even with the instate discounted rates (they only offered the HOPE then, not the Zell Miller) he turned it down and went elsewhere. (was going to be a physics major but changed to MechE). Oh well, water under the bridge.
https://premium.usnews.com/best-colleges/georgia-institute-of-technology-1569/paying
GT instate tuition and fees are $12,682 with average annual cost of $13,291. Out-of-state is $33,794. It is not by a lot more than in state Rutgers annual cost of $20,379
Please see my typo correction, @Al73. The in/OOS tuition difference is bigger than in my typo, but the total cost is around $30K (with instate tuition). If its what your twin gets offered, its a great bargain if its affordable (which it sounds like it will be). The In/OOS COA numbers I see on their site are a little different than you are posting https://finaid.gatech.edu/upcoming-year-cost-overview. Where are you getting your figures?
And as an aside, this year just under 15% from OOS were admitted. It’s pretty competitive for OOS students.
Ok, that’s fine. It’s like wanting a luxury car rather than a Honda. Top schools can be a luxury choice.
If you run the Net Price Calculators, you’ll see that you’ll be expected to pay.
You have lots of schools that will result in admission. I would bet all the publics will see you as full pay/great stats You just need to be clear what you will pay for, e.g. full OOS pay at UCSD ? That is going to chafe. Really, we are not the people you need to waste time on, you need to make sure sure your kids know your plans.
If the OP has $1.9 million in non-retirement savings, 5% annual growth (or $95,000) would not be an unreasonable estimate. This (while not guaranteed) should ease the apparent burden of the OP.
Remember that you need to include room and board in your GT costs. Not just tuition and fees. Still it would be a great bargain for twin 1, if she gets instate tuition.
What about twin 2?