<p>I'm currently a student at the University of Alabama at Birmingham. I am looking to transfer to the University of Minnesota because of the vast amount of opportunities for me to work in professional sports in comparison to what I have here in Birmingham, Alabama.</p>
<p>Anyway, I am an only child and my dad makes good money (right at the 100k mark...but about 72k after taxes). My EFC is around 19k on account of this; however, my dad simply cannot contribute that amount of money to my education annually. Nowhere near it, in fact. He might be able to muster a couple of grand, but that is all. </p>
<p>At the University of Minnesota, the cost of tuition is ~18k for out-of-state students. After room and board, transportation, books/supplies, etc...we are looking at about 29k total. </p>
<p>So, 29k total and our EFC is at 19k, meaning I should likely get a financial aid package of ~10k.</p>
<p>But, again, that 19k is not a reality for my father. He simply cannot pay 19k a year. </p>
<p>While our EFC is said to be "19k", it's more like 2-4k in reality...meaning we actually have a need of around ~26k when we'd only be receiving a FA package of ~10k.</p>
<p>With ALL of that being said, is it even possible for me to come up with the extra ~16k worth of money I need?</p>
<p>You are highly unlikely to receive Outside or Institutional merit aid, so there aren’t many sources of funding left. You can work during the year and summers, but that won’t cover the amount you’re talking about.</p>
<p>To minimize the hit, you can transfer as a jr so that you would only be paying OOS for 2 years.</p>
<p>I actually would be transferring as a junior to Minnesota. </p>
<p>I’m also considering NC State and Michigan State, for what it’s worth. I will be very close to senior status at both of those institutions because they accept more than 60 credits, unlike Minnesota.</p>
<p>For whatever major you will be in, check to see if any of your schools offer Departmental scholarships for continuing students. I’m not sure how they would consider transfers, but if they do have Departmental merit aid, you could then call them up with the details of your situation and see what they say.</p>
<p>If you work full-time or two jobs over the summer, and depending what bills you have to pay on your own, you could make an extra $3,000+ (that’s just at about minimum wage, you could easily make more if you get a better paying job or work 2 jobs). And if you work during the school year, you would increase that to an additional $2,000-5,000+ a year depending on the job and the number of hours worked. It doesn’t have to be a work-study job if you are able to get transportation off-campus to a nearby mall.</p>
<p>Why transfer? You don’t have to work where you received your degree. You can finish your degree at Alabama and then move to Minnesota, North Carolina or Michigan after college.</p>
<p>Your chances of getting the money you need in any other way than loans is slim. I agree that you should complete your degree, then consider moving. If you are up to your eyeballs in loans, you will begin life too far behind. You are better off not borrowing, then if you have to spend some time in lower-paying jobs to get experience that will eventually pay off in a job you want, you will be able to do that.</p>
<p>As an OOS transfer student, you won’t likely get any “free money” at all. You’ll be expected to pay for all costs either thru family funds or loans.</p>
<p>Mich State would also expect you to pay all costs ($40k OOS). </p>
<p>You need to look at your own INSTATE options. What state are you in?</p>
<p>You should have gone to Bama and not UAB if you’re interest was sports.</p>