<p>I actually can’t transfer, I start SB as a sophomore and my high school scores aren’t exactly stellar for UCLA (the only UC I will attend, got denied).</p>
<p>If your aunt won’t ante up right now in a form of a loan that she could forgive later, and your parents cannot get any funds for you, if you are determined to go to NYU, you can ask the financial aid office if they have any loans that you could get on your own or with a parent co signing that has been turned down by PLUS. </p>
<p>I really don’t know how my friend’s D got all of those loans. Other than the Staffords and Perkins loans, they are relatively high interest loans. But there has been a crackdown on credit in the last couple of years, and also some college financial aid offices have been busted for being in collusion with some loanmakers, so colleges are not playing matchmaker with lenders like they used to do. </p>
<p>You can also look for jobs. My oldest son once worked a number of jobs and made quite a bit of money over the summer. He taught swim lessons privately, was a lifeguard, a summer swim coach and group swim instructor. He also worked as a busboy at a local restaurant, and parked cars. He put in a ridiculous number of hours of work that summer to make all that money. My one son is working at least two jobs this summer. Got a grant for research which he is doing at home, and will also be lifeguarding. He hopes to get some private swim lessons as well, and has also gotten some inquiries about math tutoring for the SAT and for school. He’s hoping some of those possibilities pan out. It is possible to make about $10K over a summer if you are lucky and work many hours. You can also work during the school year. </p>
<p>Those are really the only alternatives I can imagine. </p>
<p>Those are the possibilities.</p>
<p>My Dd got into NYU and other similar schools. The $ did not work, she went to a med-tier UC, the one UC financial safety she casually put on her list. Due to her attitude about settling for that and due to it not being a great location match for her, she was never happy there. However, she graduated debt free which left her with the freedom to do a masters & PhD & study in Europe and do all sorts of other things with no debt weighing her down.</p>
<p>Nope, she never had the experience of her dreams, and she would tell you now that was due to her attitude more than anything.</p>
<p>4 years later I remember being incredibly happy not to have loans for her expensive private possibles. In our defence, we did not know how Profile vs FAFSA would work and this was back in 2001 or so, so CC was very tiny and not such a great reference as it is now. It was tough to face the hordes of people going to their dream schools- she had friends leaving for many Ivy’s, USC, NYU, etc. and she was actually embarrassed to be stuck with a UC.</p>
<p>All I can tell you is that she is happy now and happy she did not take any UG loans.</p>
<p>If you are headed to professional school, like law school, then it is even more critical to avoid loans!</p>
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cowman, entering UCSB with AP credit does not disqualify you from transferring after your second year of college. You have misunderstood. You will be eligible to transfer as a junior even if UCSB granted you enough credit to be classified as a sophomore upon entry. You will also be eligible for four years of financial aid even though you are classified as a sophomore.</p>
<p>All US universities are familiar with AP credit and will not disqualify you from applying as a junior transfer after two years at UCSB because you have additional AP credit.</p>
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<p>mom2collegekids,
I don’t know what you mean, but I am not disagreeing with you. NYU does give out lousy Financial aid. My daughter was fortunate enough to get a scholarship, not a lot, but it was doable for my family. Believe me we did not take on a lot of debt. We saved a lot of money for school.</p>
<p>I was respondoing to your statement . My perspective of a typical family attending NYU.
My little “breakdown”.</p>
<p>^^^</p>
<p>I just don’t think that your child is a typical example of an NYU student. Many middle-class parents haven’t saved for years for college - especially if they have more than one child. Some have, but many might only have $5k-10k saved per kid or they had to use their college savings when a parent was unemployed for awhile. In any case, most middle class families do not have enough set aside to make any serious dent in NYU’s costs beyond EFC - so a huge unaffordable gap.</p>
<p>And, only 5% of NYU students get scholarships, so again, your child would not represent the typical NYU student. </p>
<p>Anyway…back to topic. This student cannot afford NYU in any way. It’s actually a blessing that his mom will not qualify for a loan that it sounds like he is thinking of being responsible for. This student is very naive about how much new lawyers earn and how much debt he’d have for undergrad and law school combined. After all, a student who is hung up on NYU, is going to expect/demand to go to a big name law school - hence another $200k in debt.</p>
<p>I actually can’t transfer, I start SB as a sophomore and my high school scores aren’t exactly stellar for UCLA (the only UC I will attend, got denied).</p>
<p>You can still transfer. If you transfer as a rising or current junior, your high school grades don’t count. The below is true…</p>
<p>*cowman, entering UCSB with AP credit does not disqualify you from transferring after your second year of college. You have misunderstood. You will be eligible to transfer as a junior even if UCSB granted you enough credit to be classified as a sophomore upon entry. You will also be eligible for four years of financial aid even though you are classified as a sophomore.</p>
<p>All US universities are familiar with AP credit and will not disqualify you from applying as a junior transfer after two years at UCSB because you have additional AP credit.*</p>
<p>Don’t worry about any AP or dual credits you may have. That won’t stop you from transferring. You need to start making decisions based on facts…not imagined ideals or imagined limitations.</p>
<p>Transferring to where, pray tell? He was rejected from the only UC he can attend, UCLA, when he was applying as a freshman! As you well know, transfer admissions are much more competitive across the board than high school –> college admissions except in cases of transfer articulation agreements with community colleges, which obviously doesn’t apply here. Your point about NYU debt being too much might make sense, but suggesting that this student stranfer from UCSB to anywhere else is more than a little ridiculous. Chances are any college he goes from here would be more expensive and less-cost efficient, as you should understand as if you’ve explained this to other kids before, mom2.</p>
<p>If he does well at UCSB, he can transfer to another UC. The reports of how much harder it is to transfer to a UC are exaggerated and do not take into account a person with strong stats. If you look at the GPAs of kids who transfer into UCs, they’re not that high.</p>
<p>He couldn’t get accepted as an incoming freshman to UCLA because of his high school stats. If he does well at UCSB, his high school grades won’t be considered.</p>
<p>The student has NO choice but to at least start at UCSB. IF he does well, he can transfer to another UC. If he doesn’t do well, he can stay at UCSB. At that point, he may want to stay at UCSB if he’s in a relationship at the time.</p>
<p>the point remains that he can’t afford NYU, so he must go to UCSB. Whether he can transfer to UCLA or another UC depends on HIM…and his academic strengths.</p>
<p>Bedouin, on another thread the OP says that he is interested in transferring to Columbia, but says that he “can’t” because UCSB has granted him sophomore status for his AP credit (he seems to think he “has” to transfer after one year or will become ineligible to transfer). We are pointing out to him that having sophomore status because of AP credit will not disqualify him from transferring after two years at UCSB.</p>
<p>He briefly mentioned the same misconception on this thread. You are correct that his academic performance may not qualify him for transfer to UCLA or Columbia, but the fact remains that he is not disqualified from transferring **because he is entering UCSB with sophomore status.</p>
<p>Yes, NYU has a lnumber of students from well to do families. Didn’t look at the stats as to what % are getting financial aid. However, I can tell you that I live within 40 minutes drive of NYU (or public transportation) and personally know a lot of kids who have gone there and go there now. Most of them are not so financially set that they do not have to borrow, work, take time off to work and get credits elsewhere cheaper. Some of them also get some scholarship money and financial aid. A few of them got the best merit/financial aid package from NYU. None of them took out horrendous loans, from what I know. Not saying that there aren’t those in that category, but I know kids who went to state schools that borrowed up to the whazoo as well. Many of them borrowed the money … because they could, and blew it …cuz they could. Can’t do that if you go to NYU. All goes to the school, heh, heh.</p>
<p>Thanks for the comments.</p>
<p>While SB is 30k debt over 4 years, there is talk of the Cal grant being canceled, which is 13k a year for me, which may end up costing me 66k in debt. Might as well pay the extra bit and have a betteg education and brand name.</p>
<p>cowman, your mother has been turned down for the PLUS loan. How do you plan to pay for NYU? Again, they will not allow you to attend if you do not pay.</p>
<p>Since you are so against attending UCSB - which is an excellent university that, frankly, you were lucky to be admitted to with your stats - your best course of action would be to live at home, attend a community college and work as many hours as you can so you can transfer to a university you prefer. You will need an excellent community college record.</p>
<p>The big question, Cowman, is where are you going to get the funds for the gap? I’ve listed some possibilities,but none are certainties. NYU is merciless about throwing out students, literally onto the streets when they don’t pay.</p>
<p>Cowman seems intent on ruining his life. At this point, no reasonable and logical argument is going to change his mind. </p>
<p>The sad thing is that the chances of him actually getting his degree from NYU is so small. He’ll likely rack up debt for a year or two, then run out of money sources, and have to come back home to finish his degree. At the end of the day, he won’t have his sheepskin from the “name brand school,” BUT he’ll have big debt from it. How wonderful…not.</p>
<p>(his latest argument that the Cal grant “might” get cancelled" so he might as well go to NYU for bigger debt is just one example of his insistence at justifying a ridiculous choice.)</p>
<p><a href=“his%20latest%20argument%20that%20the%20Cal%20grant%20%22might%22%20get%20cancelled%22%20so%20he%20might%20as%20well%20go%20to%20NYU%20for%20bigger%20debt%20is%20just%20one%20example%20of%20his%20insistence%20at%20justifying%20a%20ridiculous%20choice.”>quote</a>
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<p>I’m sure you know that California is in the grip of a budget crisis. The governor and their legislator is struggling to figure out how to pay for their massive welfare state with their dwindling tax revenues. It is quite conceivable that the Cal Grant might be scaled back or reduced, perhaps not this year but in future years out of necessity. Making a decision based on state-based aid that isn’t guaranteed is foolish; students should only count on federal aid as determined by the EFC – and even then, only entitlement programs like the Pell and not something that can run out like the Perkins loans or Work Study.</p>
<p>Going to NYU is obviously not a problem solution, but in the case where the decline or the disappearance of the CalGrant for years 2, 3, 4 (and quite possibly 5, if he changes majors or some credits don’t articulate from the comparatively low-tier UCSB to the higher-ranked NYU) passing up NYU without even attempting to make it affordable to go to a UC – especially since UCLA is out of the question – is too risky IMO.</p>
<p>I hardly would call UCs low tier. It appears to me that the OP is trading the possibility of losing some Cal grants to the certainty of having a $20K gap immediately at NYU. Even IF the Cal grants are reduced or discontinued, there would likely be some sort of transitional help for the many students who will be immediately affected by such an act and are already in college. Since the OP has no history at this point at NYU, there isn’t going to be much incentive for the school to come up with the money for him. NYU is notoriously stingy this way also. Yes, it can be generous to some kids, but clearly the OP is not one of the annointed ones. The question I have is where is he going to get the gap money? I’ve listed some possibilities but a $20K gap is not easy to fill. If it were 10% of that, I could see how it could be done,but to get $20K in about 3 months is a tough task. Any ideas, Bedouin? I’d like to know as well. I’d love to get $20K this summer.</p>
<p>Gee…Boudouin…do I know about Calif? I’m a Calif native and a UC grad. LOL I don’t live there full-time now, but I do spend about 1/4 of my time there because my family (including aging parents) still live there. So, I certainly know about its budget crisis.</p>
<p>Even if the Cal Grant program was discontinued/changed, Calif will find another way to fund low income students to college. Calif has always been sensitive to the fact that low-income kids need a way to go to college…which often means going to their UC system. If anything, Calif may drop or limit its Cal Grants to private schools, but not to its public system… It’s not about to UC/Cal State suicide.</p>
<p>And…OMG…the UCs are not some low-tier system and are certainly not to be dismissed in favor of NYU which is not affordable to this student…and isn’t needed by this student.</p>
<p>I would not worry about the transferability of UC classes.</p>
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<p>They will try, but it might be difficult. I don’t think you understand how difficult it is to keep financing these things, particularly in a state as screwed up administratively as California. They have a hard time levying new taxes or tariffs, and they have other concerns (such as subsidizing the UC system in the first place!) I am not saying that California will try to harm low-income students, but they might have to scale it down or change parts of it into loans or something like that, not this year, but in the near future just to keep the program alive until the economy turns around enough to close their budget deficits.</p>
<p>Of course, there is no guarantee that the Cal Grant will go away. I have never said that it will go away, but there is always a risk when you are relying on state-based aid instead of federal entitlements that are always funded.</p>
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<p>It seems clear that both UCSB and NYU are more or less unaffordable. This student either has to take out loans for NYU or loans for UCSB to meet his gap if anything happens to part of his aid package. I don’t recommend either of these schools, but if he has to take out loans he should at least go to a school where he will thrive and succeed and have a better chance of landing a good job (through increased networking opportunities, internship experiences, job training and co-op training), that can enable him to pay back his loans in due course before they amortize and drown him.</p>
<p>Bedouin…please show us the statistics that support that this student will “have a better chance landing a good job” from NYU vs. UCSB. Or any other school for that matter.</p>