<p>Hey, I am particularly keen about hearing parents' opinions. My situation is basically I cannot really afford to go out of state or to a private college. However I don't want to give up on that hope and my best teacher (English teacher) says that it should never be a concern for me. My parents have refused to let me go out from NJ or NY, so I am stuck with some options. One would be to take out a loan, on my name, because my parents will give me a NONO if I asked them. The second option would be...... to work. I can pretty much make cash immediately online and made 10,000 in one month, but it takes A LOT OF TIME and Energy. I don't think I want to play businessman when I'm suppose to be a student.
I want to know if there are any extra options. I am trying to stash up money and put them in to my grandmother's tax-exempt account and I have managed to stack up 25,000 over a year and a half, but this will go away wouldn't it?</p>
<p>well and a huge preference for me to be to get as far away from home as possible, as mean as it sounds I would really love it if I barely received calls from my family, and I also want a nice place to study I really haven't had a comfortable place to read or study EVER :) Definately looking for that urban feeling as well. My main question is this. Say I work a job for 18k a year (after taxes), I keep 4k for my own spending, and I put the rest to my tuition, woudl that work out, do you know anyone in a similar situation?</p>
<p>HOLY **** BOY. You made 10,000 bucks a month online?!?! youre up to some shady business, i know it. lol</p>
<p>silly question but if you are paying for college yourself then why do your parents have any control over where you will attend ( you said they were limiting you to NY or NJ)</p>
<p>zetsui - Have you looked at your prospects for merit aid? Will you be completing the FAFSA and CSS Profile forms? Also, I am a little confused about your putting your money in your grandmother's tax-exempt account. Maybe that is so it won't appear as your own savings for fin. aid purposes? But how can you be sure you will have access to it if something happens to your grandmother? You can also put savings in your own Roth IRA which will not be counted in your financial aid resources.</p>
<p>What are your ultimate career goals? If you plan on grad or professional school, you wouldn't want to get yourself into too much debt undergrad. NY & NJ have a lot of good public colleges, just don't pick one too close to home.</p>
<p>nah grateful its reading up policies and looking for discrepancies or one day clearances in stores, only I look for really expensive computer parts and I ebay them. Very tiring and time consuiming. And cathymee I am trying to tell you about my dilemma, I do not want to work, but I am thinking about making a compromise with my parents where I would pay a substantial amount of the fee. "Why do your parents have any control over where you attend" ... they are my parents afterall, additionally I cannot support myself financially. </p>
<p>jmmom can you please tell me about my IRA (unabbreivated), educate my a little on this. I will complete FAFSA and CSS profiles forms, but I don't expect much. As for merit aid, like many, I don't expect much merit aid from reaches. I was really hoping to go to NYU. Unfortunately I have heard from my cousin, neighbors cousin, and a student who refused the offer for rutgers this year that their financial aid is horrible. As for my ultimate goal, I am not sure! hahah I have too many interests. I know I want to help orphans no matter what happens, but I am not sure if I want to be a doctor, businessman, social worker. ;)</p>
<p>I don't understand. If you can make up to 10000 in a month, why would you get a job making 18000 per year even if you are in school? At that rate school would "cost" you a lot of money by NOT working the online job. What about taking a year off working this online venture, save, and then go to school.</p>
<p>NJ and NY are big states with lots of colleges. Add PA, which forms a nice square with those two states and which might meet your parents approval, and you should be able to find a college that meets both your standards and theirs.</p>
<p>zetsui - IRA = Individual Retirement Account. You can put certain portion of your earning into these and retirement accounts are not looked at in financial aid calculations. Altho, from your last post, I'm guessing you think your family won't qualify for financial aid.</p>
<p>It's certainly likely that merit aid won't be forthcoming from reach schools. However, if your goal is to get-out-of-town and you will have to pay for it yourself, you should seriously consider identifying non-reach schools which fit your needs and interests and which are generous in merit aid. I think that is a much better plan than working while at school or taking out loans. If you don't qualify for financial aid, then you may be very limited in what type and amounts of loans you can get.</p>
<p>I never thought my son could go to an expensive out of state school either, but the one he is going to gave him so much money he couldn't refuse. a lot of the bigger, better schools have so much money to give it ends up being cheaper than a state school. that is one thing I learned by going to a financial aid conference, and it was true.</p>
<p>Zetsui,</p>
<p>Like dmd77 said there are a lot of schools in NYC (60 schools as part of the state university system alone)</p>
<p>I think that you have to give us a little more information. </p>
<p>Does school have to be within commuting distance?</p>
<p>Is leaving NYC an option for you?</p>
<p>Are you looking for a large research university or a small liberal arts college?</p>
<p>Are you looking for a school that specializes in a certain subject area.</p>
<p>Are you looking at CUNY (city university) SUNY (State University) </p>
<p>Private (Bard, Vassar, Sarah Lawrence, Colgate, Hamilton, Skidmore,etc) </p>
<p>Catholic Schools (Fordham, St. Johns)</p>
<p>Ivies- Columbia, Cornell </p>
<p>Cornell's-school of Human ecology , labor and industrial relations and school of agriculture and life sciences are the three undergraduate colleges at Cornell that are also part of the State University of New York (SUNY). As a New York State "state-assisted college" we have a unique responsibility to conduct research and public service programs that will benefit the people of the state. In return, the state contributes a significant portion of our operating expenses which provides us with additional funds for student support, faculty salaries, and improved classrooms and laboratories. It also helps keep our tuition lower, making your Cornell degree more affordable. Tuition for 2004-2005 is $16,037 for New York State residents and $28,567 for nonresidents.</p>
<p>you made $10,000 in one month as a high school student? Was it legal?</p>
<p>jmmom - I think the reference to the grandmother's tax exempt account is probaby for a 529 educational account. It is legal to transfer money into such accounts and the money is tax-exempt if withdrawn for educational expenses. So my guess is that grandma set up a 529, zetsui deposits his earnings into that account, and when the time comes for college, grandma writes checks from that account. Zetsui is probably named as a beneficiary on that account, so if anything happens to grandma, the money would come back to him.</p>
<p>For a basic understanding of how that works, you might try this site:
<a href="http://www.pathtoinvesting.org/vantagepoints/families_indv/choosing529/choosing529_031.htm%5B/url%5D">http://www.pathtoinvesting.org/vantagepoints/families_indv/choosing529/choosing529_031.htm</a></p>
<p>Zetsui - if you can consistently net $10K in a month, my suggestion to you would be to get together the money you need for your college of choice for the FIRST year - and simply plan to work your butt off each summer with the business that makes so much money, borrowing whatever shortfall you have. Given your earning capacity, you probably will come out fine - though it also would be a great idea to look for colleges that offer some merit aid to reduce overall costs. I usually caution students to avoid too much debt -- but I am doing that on the assumption that earning capacity is along the lines of typical entry level salaries. </p>
<p>Of course this advice assumes that whatever you are doing to earn the $10K is legal and aboveboard. If by making money "online" you are trading stuff on eBay - fine - but if you are involved in some sort of pyramid scheme ... then you will lose big in the end, and you really need to stay away from that stuff.</p>
<p>hahah calmom that's what the problem is, the 10,000 IMHO that's never happening again.... well it might. it was on a pack of dell notebooks with dell giving $800 off of $1400 computers. But typically I can pump around 1k-2k if i dedicated every waking hour to it which i hate doing because it is very draining. I am thinking of investing in federal tax exempt local or state government projects, but I am not sure. The second thing is I am very good with computers, and one of my dad's friends said that he could give me a part-time job in college pertaining to network security which could pay for my tuition, but this is only at Cornell (which I have a decent, but not so hot shot at).</p>