My reported EFC from FAFSA is http://prntscr.com/f3aqra around 150k and I need financial aid or my parents dont think its worth spending money on the school I wanna go to. I am clueless on what to do
Is it because you’re full pay at an OOS public that isn’t particularly prestigious?
If your parents can’t afford the school you “wanna go to” you need to find another school – one that your family CAN afford. Sorry. That’s the way it works. I “wanna” drive a Lamborghini, but the Nissan I can afford takes me to point B just as well.
You could also perhaps take a gap year and work, save all of the money, and pay for a portion of the EFC.
Look for schools in the price range your parents are willing to spend. You have not mentioned any of your stats so maybe you can get some merit aid but what you need to do is work within the budget your parents give you.
Are you parents high income / high asset holders? Check the numbers entered for the FAFSA. If the numbers are correct, then it is time for a change in mindset. Find out what your parents are willing to pay and find a school that fits. CC members are very good and assisted many others.
Ask your parents to make a list of colleges they will pay for. Go from there.
Good luck.
“my parents dont think its worth spending money on the school I wanna go to” - Why do you want to go to that school? Talk to your parents and find out what their reasoning is. Explain to them why you want to go to that school and how it will help you in the future, if that is the case. Have you worked hard to get good grades with the dream of going to that school because it will lead to a good career or do you like that school because it has a fun reputation and the weather is great? How will the school you want to go to benefit you more than one of your state schools? Just because your parents can afford a school doesn’t always mean that it is a good investment in your future.
Im a transfer student in my first year I just wanna get out of community college and go to university and I chose University of Arizona because thats one of the only schools I could apply to with less credits and my GPA is a 3.45 and technically all of the merit scholarships on the website require me to have 36 credits to qualify for it. I have not been accepted I just applied a week ago Im only assuming I will get in because my friend with a 2.3 GPA got in. My parents in the FAFSA application filled out a form where in that year they made close to 500k and had net assets of 300k they want to spend all of their money buying a house because we dont own a house in this country as of now because we are immigrants. My parents refuse to “waste” all that money on a school that lacks the prestige they seek so they are willing to pay 1-2/3 of the price of that school if I want to go. I have not done a lot of research on different aids or scholarships so can anyone explain me what my situation is like?
How many units do you have?
24 units
Just because it is one of the only schools you can apply to with your GPA and number of credits doesn’t make it seem like the best investment in your future. Maybe another year at CC to raise your GPA and obtain some direction in what you might want to study and where the best programs are would help. Maybe your parents feel like you aren’t really looking into this but just trying to find an easy option to move away.
If your parents are going to pay for a college so you don’t have to go into debt it might be worth waiting until you have more units. Is that 24 semester or quarter units?
I think you should apply next year. Before then, you will have plenty of time to come up with a college list that your parents approve of paying for!
Your parents can afford the tuition but are choosing to spend their money in a different way. You cannot borrow enough on your own to afford this college.
If you think that you will get a large merit scholarship if you transfer after two years, then you have to wait another year.
Go to CC for another semester and get a budget from your parents and then apply.
The key to working this out with your parents will be to do your research and show that you are looking at schools for the right reason. Even if a school is under budget they could say no and still consider it a waste of money. Show them that you value the education, are working hard to make the most of it and are choosing schools for the right reasons.
Your EFC is correct. Many people with. Dry high income and assets have EFCs that far exceed tuition room & board.
You are stuck with your parents’ income and assets for financial aid, even though they are not required to pay anything at all. (I presume you are less than 24 years old).
Wait and see. ASU might give you scholarships that make it more in line with what your parents want to pay.
Picking a school just to get away from home quickly is not a great idea. It will be very hard to transfer yet again!
I wonder if there is a connection between your desire to leave home soon and your parents refusal to pay the tuition for the college you seek. In any event, parents often contribute to the college education of a son or daughter. How these choose to prioritize how they spend their! money is their choice. They also have greater knowledge of their financial goals and limitations. How many siblings do you have, elderly family members, others requiring their assistance to emigrate. You get to live in the house they buy. Perhaps your grades or scores are insufficient.
I do understand your interest in attending a particular school. Now is the time for you to get cracking. Complete your study at the cc and earn a degree. Make sure you have all entrance requirements satisfied and with the required grades. Get job and start stashing money. You are responsible for you higher education after you earned a high school diploma. Now I know that the diploma limits your opportunities. Nevertheless, you need to accept what money your parents provide and thank them graciously and often. When you get to college, earn the highest grades you can to demonstrate to your family that you are making use of your opportunity. I know I sound harsh, but you have far more opportunities and choices lots of kids never get.
It sounds like your parents have saved up some wealth by making some sound financial decisions. Maybe you should listen to them and learn how to do likewise!
If your parents make 500K a year then you will not receive any need based aid. You will qualify for the student federal loans (6500 sophomore, 7500 junior and senior year) if you file the FAFSA. Anything past that will require co-signers.
You only option is merit. However that will probably be limited since you are a transfer student.
Your best option is continue at CC and earn enough credits to qualify for other schools and work with your parents to come up with an acceptable list of schools that they would be willing to help you pay for.