Paying for out of state college

Paying for College
1

<p>Hi,</p>

<p>I am currently a freshmen with very high goals. In two years I would like to attend UVA or University of Pennsylvania to pursue business. Going to Uva shouldn't be a problem because I live in Va so Stafford loans would cover that. My problem is if I do decide to go to Penn and actually get accepted, then is there any way I can pay for it? I am a 21 year old who makes probably less than 5000 a year and I have no parents. I am currently receiving the maximum amount for the FAFSA which is only a little above 5000 and the max amount for Stafford loans which is about 10000. The out of state tuition for Penn is over 40000. My question is do they offer their own form of financial aid for students that really need it? Is there any way I would be able to afford it?</p>

2

<p>Do you qualify as an independent student according to the criteria listed at <a href=“https://studentaid.ed.gov/fafsa/filling-out/dependency”>https://studentaid.ed.gov/fafsa/filling-out/dependency&lt;/a&gt; ?</p>

<p>If so, then schools with good financial aid are likely to be affordable. Check their net price calculators on their web sites.</p>

<p>By University of Pennsylvania, you do mean the private school, right? It is generally regarded as having good financial aid. But the public Pennsylvania State University has poor financial aid for Pennsylvania residents and worse for out-of-state students.</p>

<p>By “freshman” do you mean in college? If so, then be aware that many of the more selective private schools (usually the ones with the best financial aid) admit few transfer students, and some promise less financial aid for transfer students than for freshmen students.</p>

3

<p>Private schools don’t have in state or out of state rates, all same. So you mean Penn or Penn State?
Penn ‘meets full need’ for freshmen, I don’t know about transfers, likely you would get large aid if you are accepted and are an orphan.</p>

4

<p>UPenn does not charge OOS tuition. It is a private school. that is the tuition whether you’re instate or OOS. UPenn gives excellent aid to low income students.</p>

<p>Not sure if UPenn accepts any/many transfers. It’s an ivy, and many ivies don’t take many/any transfers. </p>

<p>Stafford loans would not likely cover the COA of UVA. The COA is at least $25k per year. However, UVA does meet need, so you’d get grants and other aid to cover costs.</p>

<p>Are your parents deceased?? If so, then you are an independent student.</p>

<p>Good luck.</p>

5

<p>Penn does take some transfers, but they are usually very impressive students, Jack Cooke Kent Scholars etc.</p>

6

<p>I’m confused. Are you saying you wish to transfer to Penn or UVA as an undergrad?</p>

<p>Are your parents both not alive?</p>

<p>Penn has excellent need based aid for incoming freshmen. I don’t know if they extend their full need aid to transfers,</p>

<p>UVA also pledges to meet full need for all.</p>

<p>Not sure there will be a large net price differential between these two highly competitive schools.</p>

<p>Where are you in college now? Might be better to finish there…and go to grad school elsewhere.</p>

7

<p>Yes University of Penn not Penn state. And yes I am an independent. And Uva is literally less than 10000 dollars for in state students so definitely not nearly as high as Penn’s 40+ thousand tuition</p>

8

<p>OK, well the answer to your question is yes they have aid. You can get this kind of information from the college financial aid pages. Penn will ‘meet need’ for domestic transfers.
<a href=“Costs & Financial Aid | Penn Admissions”>http://www.admissions.upenn.edu/costs-financial-aid/faq&lt;/a&gt;&lt;/p&gt;

<p>And a tip, don’t look at the tuition amount, look at the Cost of Attendance which includes room/board/books/personal/ etc. Because that is the amount you have to come up with. And you may have to purchase insurance if the insurance you have doesn’t fill school standards, like you can’t have state aid for oos colleges, that can add 2k per year to costs that won’t usually be covered by the aid.</p>

9

<p><<<
Uva is literally less than 10000 dollars f</p>

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<p>You are only looking at tuition. You’ll have housing, food, books, fees, and other personal expenses. That is why the cost to attend UVA is $25k+</p>

<p>Unless you plan on pitching a tent somewhere and living on air.</p>

10

<p>Go to each school’s web site and search for the “net price calculator”. Use it to get an estimate of cost after financial aid.</p>

11

<p>If this student is an independent student, the NPC might not be accurate. In addition, the NPCs typically give estimated aid for incoming freshmen, and this student plans to be a transfer student.</p>

<p>But the NPC might give this student a ballpark figure…but a ballpark only.</p>