<p>After completing my FAFSA my EFC was around 2400. I was confident that with being an OOS, I could maybe get tuition lowered to a bit above half. Total, tuition for IU would be about 41k for me. I'm only getting about $10,500 through grants/work-study/loans. I come from a single parent who makes about $44,000 a year. Are you telling me i'm supposed to pay nearly three-quarters of my mom's salary in tuition for ONE year? I was accepted into Kelley at IU, and i'm absolutely obsessed with the campus. This has literally crushed my chances. Will it really come to taking out $31,000 in loans?</p>
<p>Unfortunately, that is pretty normal–as a rule, schools do not fill need-based gaps for OOS students. Most state schools are strapped for money and if they give anyone a break, it has to be their in-state population. Kelley is great and attracts students from all over, but the ones from OOS aren’t getting lots of financial aid. Some get merit aid, a few a lot of merit aid (but only a few). Some take out big loans. I don’t think that is smart, but some do.</p>
<p>IU is a great school but it is expensive OOS.</p>
<p>I hope you applied to some in-state options for where you live. I’m sorry this isn’t working out, but if you got into Kelley you will do well for yourself wherever you go to college.</p>
<p>Hopefully not. Do you have a financial safety?</p>
<p>Are you telling me i’m supposed to pay nearly three-quarters of my mom’s salary in tuition for ONE year? I</p>
<p>no…you’re not really expected to pay that much… The school is need blind. When it accepted you, it had no idea that you couldn’t pay. And since it’s a FAFSA only school, it wouldn’t know if you have a NCP that would pay. </p>
<p>Indiana is a state school. It charges high OOS costs for a reason. If state schools were just going to cover their high costs with aid, why would they bother to charge those high prices.</p>
<p>I know that this is frustrating, but most state schools really don’t have the money to give away.</p>
<p>Did you use the NPC before applying? </p>
<p>Hopefully you have a safety school.</p>
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<p>No, you are asking to attend another school that is not in your state…and state universities charge alot more for kids that don’t live in the state. Do you have your finaid offer from your own state yet? The costs will be lower. Also without an adult to co-sign loans you won’t be able to take out $120,000 in loans over four years to go to school at IU. You need to fall in love with a different uni.</p>
<p>I understand the reasoning. I do have two safeties in case the financial situation does not work. I was accepted to UW-Madison here in Wisconsin and got into Minnesota’s Business school, Carlson. So, I have options, it’s just terribly sad that I fell in love with IU and now my chances are so low. I have family members that I think would help, but having to pay back $120,000 after graduating is a scary thought.</p>
<p>Even if you only had to borrow HALF that much it would be tooooo much. You shouldn’t borrow more than about $30k total.</p>
<p>It’s too bad when kids get their hearts set on OOS publics. They need to use the NPCs so that they will know that these schools can’t help OOS kids cover the high costs. These are state-tax supported schools. The tax-payers in the state expect those schools to help instate kids FIRST…and there isn’t enough money for instate kids - whose costs are a LOT lower. So, can you imagine how outraged the state residents would be if a state school was handing out tax-payer money to high-cost non-residents, when resident students’ needs weren’t being met?</p>
<p>IU won’t work, it’s time to move on to choices that will work.</p>