<p>So I am planning on transferring out of wherever I end up going next year however is there much financial aid for transfer students in the private area of colleges? I am in state in Michigan and I will barely be debt free attending Michigan or MSU but I really want to go out of state. Thus generally is there high amounts of financial aid for transfer students?</p>
<p>If you’re talking about merit aid, then no. Scholarships are almost always much higher for freshmen. If it’s need based aid, then maybe. Private schools are much more likely to have institutional need-based grants but, of course, they’re also likely to have a much higher price tag and you would forfeit any state aid unless MI allows students to use that in another state.</p>
<p>*but I really want to go out of state. *</p>
<p>if you’re thinking about going to an OOS public, then you’ll likely get VERY POOR aid. </p>
<p>Unless you’re going to transfer to a private with a big endowment, I wouldn’t expect much from them either.</p>
<p>Which schools are you considering? Don’t do anything permanent until you’ve seen the financial aid package.</p>
<p>*I am in state in Michigan and I will barely be debt free attending Michigan or MSU but I really want to go out of state. *</p>
<p>Which school will you be attending in the fall? Unless you’re a stellar student who could get accepted into a school like Vandy or USC as a transfer student, you’ll likely get crappy aid. </p>
<p>What is your EFC? Would your need be different if you went to a private school? Do you have a non-custodial parent whose income would then get considered? Does your home have a lot of equity in it?</p>
<p>If you’re just an average student, then it’s not a good idea to leave Michigan. You’re getting aid that you wouldn’t get anywhere else. You say that you’ll almost be debt-free when you graduate. That is awesome. </p>
<p>You can always go out of state for grad school by getting an assistantship if you have top grades.</p>
<p>What is your likely major and career?</p>
<p>^^^</p>
<p>What does that mean? If you mean private scholarships there isn’t much money there, either. Certainly nothing that is assured or that could come close to replace the fab aid the student would get from the state.</p>
<p>Here is my impression about transfer aid at private schools–based on only a few observations and very few schools, so take it for what it is worth. Even private schools with good endowments, schools that are well-known for generous need-based aid for freshmen, use transfers to bring in as many full-pay students as they can. Exceptions are made for very (very) good students and students who can help diversify the student body if that is a goal of the university.</p>
<p>Good/average students who fill no special slots will find need-based aid harder to come by as transfers than as freshman applicants. To my knowledge, even those schools who are “need blind for admission” and “meet 100% of demonstrated need” only make those claims for freshmen applicants.</p>
<p>I know students who have been admitted to selective private schools as transfers, with very generous need-based aid, but these are students who probably would have been strong contenders for competitive merit scholarships if they had applied as freshmen, and they had perfect records at their original colleges.</p>
<p>*This is something that is used after all scholarships are exhausted. You may need extra money - especially if you are planning to transfer to a higher priced private institution. I took out minimal federal aid, accepted all scholarships, then took out a more flexible private loan to make up the difference. *</p>
<p>There’s a recipe for future financial disaster if the private loans are substantial.</p>
<p>Yes, because as everyone knows student loans did not exist before Obama.</p>
<p>So basically, if I don’t get the scholarships my freshman year, i am most likely screwed over?<br>
Well other than going to state schools, which are by no means bad, but I feel don’t offer the same opportunities that other schools in other states would offer.</p>
<p>Let me check Cappex.</p>
<p>Midmo’s post has been my experience. Transfers on this site have gotten good aid from Wellesley, Vanderbilt, and perhaps Emory.</p>
<p>My younger D is in the middle of waiting for transfer decisions. So far both Smith and Mt. Holyoke offered her nice financial aid packages.</p>
<p>Read through school websites, as they are pretty clear about individual policies. For example, she decided NOT to apply as a transfer to Vassar due to their stating on their website that they do not give good financial aid packages to transfers.</p>
<p>^^^</p>
<p>Can we ask what did they consider to be your family contribution? And what does the FA consist of?</p>
<p>It sounds like the OP needs HUGE aid, which might mean a nice package would not be easily had from many schools. But, that said, top schools sometimes give transfers good aid, but you need top stats to get in.</p>
<p>Our EFC for younger D was $2,872. So we also need huge packages, relatively speaking.</p>
<p>Smith’s package leaves us with a balance of ~$7,700, whereas Mt. Holyoke left us with a balance of ~$8,900. The only loans in either package were the Direct Loans. The rest was Pell and college grants.</p>
<p>I don’t need huge aid, rather than the fact I do not want to pay a 100k+ difference in schooling for a different type of environment. </p>
<p>I come from higher middle class- Single parent(deceased father) works in a dead set job(government) for about 70-80 grand a year before other expenses. I should have around 65 grand saved up by the end of senior year(011) guessing up to 70-80 grand by(012) but MD(joke) frowns upon out of state(to the point of refusing to contribute) due to the higher expenses for what she sees is an equal education. However if I can lower the cost, I might be able to fully contribute and she would favorably look upon if 20g/yr or so was shaved off.</p>
<p>Are you a junior in high school?</p>
<p>If so, then why not apply to OOS schools as a freshman? It’s a better deal than trying to transfer.</p>
<p>What are your stats? Maybe you can get enough merit money somewhere to cost the same as a Mich school.</p>
<p>B- average 2.6-2.7ish should be 2.8ish by end of year… </p>
<p>Michigan Resident.</p>
<p>Stats-unprepped testing, parental just had me tested…
28 and
30 act
Best scores 29m 33r 31s 30e
1920 and
1940 sat
Best scores 660cr 640e 690m</p>
<p>Loads of community service-500-600 hour range with shown dedication.</p>
<p>Decent xcs-two varsity sports for 4 years, 3 years of stage crew, 2 years of m.u.n. 3 years of business club 1 year of varsity swimming 2 years of Chinese club(started this year, will most likely be made officer).</p>
<p>3rd fifth ranked, Jesuit prep school, was in time magazine</p>
<p>So I realize OOS scholarships other than possible Jesuit-Jesuit scholarships are out of the picture. I am one act point away from a full ride at UM dearborn(with 4.0) but wouldn’t get any money to my g.p.a. etc…</p>
<p>*B- average 2.6-2.7ish should be 2.8ish by end of year… *</p>
<p>Is that your weighted GPA including all your classes - including religion and PE?</p>
<p>Did you get a 30 ACT on an actual test or a practice one?</p>
<p>3rd fifth ranked, Jesuit prep school,</p>
<p>What does “3rd fifth ranked” mean???</p>
<p>This doesnt include P.E classes since they are p/f however it does include religion classes but they really don’t change much. These were the actual tests, I didn’t prepare for any of these because I didn’t really care then I guess. And 3rd fifth ranked means 40-60th percentile via class ranking i’m estimating.</p>
<p>Have you used the Search function on the Transfer Students forum? If so, you would have found that there are relatively few merit scholarships for transfers and that you need to check the college websites for FA policies for transfers. Some schools treat transfers just like fr for FA, others have less money available for transfers.</p>
<p>And you should be aware that there are some schools (eg. Brown) that are need-blind for fr admissions but need-aware for transfers.</p>
<p>So I am planning on transferring out of wherever I end up going next year however is there much financial aid for transfer students in the private area of colleges?</p>
<p>The problem I see is that you’re planning on transferring after only one year. Colleges will often ask to see high school transcripts, too, and yours would not impress schools that give great aid.</p>
<p>*I don’t need huge aid, rather than the fact I do not want to pay a 100k+ difference in schooling for a different type of environment.</p>
<p>I come from higher middle class- Single parent(deceased father) works in a dead set job(government) for about 70-80 grand a year before other expenses. I should have around 65 grand saved up by the end of senior year(011) guessing up to 70-80 grand by(012) but MD(joke) frowns upon out of state(to the point of refusing to contribute) due to the higher expenses for what she sees is an equal education. However if I can lower the cost, I might be able to fully contribute and she would favorably look upon if 20g/yr or so was shaved off.*</p>
<p>You have too much in savings to qualify for much aid along with your mom’s situation. Did you receive a settlement of some sort? Do you have any siblings?</p>
<p>You are kind of asking for the impossible…</p>
<p>Your GPA is not appealing to colleges for freshman year (and as a one year transfer student) - it may hurt you for admissions at MSU and UMich.</p>
<p>If you try to transfer after one year, you’ll likely get no aid based on your savings, your mom’s income and likely her savings. </p>
<p>You have a lot saved, don’t waste it on nothing…and it is “nothing” just to go OOS when you have good schools in your own state. If you want some adventure, then do a study abroad or two. Save the bulk of your money for a down payment on a home after you graduate!</p>
<p>It also sounds like your mom will help you with undergrad costs if you stay in state, but not if you go OOS.</p>
<p>What is your likely major/career?</p>