Sticker shock! Cost of attendance from financial award letters.

College Majors Musical Theater Major
41

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Long Island University $45,000 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
Pace University. $ 56,042 (dc)
Rider $50,575
Wagner $52,880 (tc)
Webster $39,404 (dc) </p>

42

<p>One more consideration - like you need one more thing to make your head explode - this is the cost of freshman year. It is very likely that there will be an incremental increase every year. As I recall, my D’s costs went up about $10,000 over the four year period. And that was at one of the more affordable schools. </p>

43

<p>Good point @MT4Life. Check with each school. I know OCU locks in your tuition for 4 years.other schools may do the same. But many have annual increases. Then you have schools like Ohio Morthern who I think actually decreased their tuition this year.</p>

44

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Long Island University $45,000 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Wagner $52,880 (tc)
Webster $39,404 (dc)</p>

45

<p>you might want to add that that cost for Montclair is out of state. And I’m pretty sure it includes fees. We are out of state and paid a bit less than that because my daughter had a scholarship, though she lived in the most expensive dorm. And we added $150 per semester for travel to/from NYC.</p>

46

<p>From usc.edu, on their website the undergraduate 2014-15 Cost of Attendance, NOT from any FAid letter is</p>

<p>University of Southern California $65,111 (which includes $48,371 tuition & fees, $13,334 room & board, only $580 transportation, and $2500 for books, supplies & misc)</p>

<p>We paid MUCH more than $580/year in transportation. Probably at least triple that for our kid to get to school and come home for Christmas and summer. </p>

47

<p>They come home? I thought I was getting rid of him forever! lol.</p>

48

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Long Island University $45,000 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Temple $31,870 (tc) in state, $43,520 (tc) OOS
Wagner $52,880 (tc)
Webster $39,404 (dc) </p>

49

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Long Island University $45,000 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Temple $31,870 (tc) in state, $43,520 (tc) OOS
Viterbo $32,730 (tc)
Wagner $52,880 (tc)
Webster $39,404 (dc)</p>

50

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Long Island University $45,000 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
University of Northern Colorado OOS $ 29,936 (dc); In -state $18,492 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Temple $31,870 (tc) in state, $43,520 (tc) OOS
Viterbo $32,730 (tc)
Wagner $52,880 (tc)
Webster $39,404 (dc)</p>

51

<p>While many of our kids do apply to the schools on the top of the sticker shock list if the FA package is going to be a make it or break it for the school make sure your kids knows that it’s a deal breaker especially if it’s their dream school. Only you know if your kid truly gets that. </p>

52

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Long Island University $45,000 (dc)
Marymount Manhattan $42,636 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Temple $31,870 (tc) in state, $43,520 (tc) OOS
University of Northern Colorado OOS $ 29,936 (dc); In -state $18,492 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Viterbo $32,730 (tc)
Wagner $52,880 (tc)
Webster $39,404 (dc)</p>

53

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Ithaca $57,316 (tc)
Long Island University $45,000 (dc)
Marymount Manhattan $42,636 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Temple $31,870 (tc) in state, $43,520 (tc) OOS
University of Northern Colorado OOS $ 29,936 (dc); In -state $18,492 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Viterbo $32,730 (tc)
Wagner $52,880 (tc)
Webster $39,404 (dc)</p>

54

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Central Michigan $32,214 (dc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Ithaca $57,316 (tc)
Long Island University $45,000 (dc)
Marymount Manhattan $42,636 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Temple $31,870 (tc) in state, $43,520 (tc) OOS
University of Northern Colorado OOS $ 29,936 (dc); In -state $18,492 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Viterbo $32,730 (tc)
Wagner $52,880 (tc)
Webster $39,404 (dc)</p>

55

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Central Michigan $32,214 (dc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Ithaca $57,316 (tc)
Long Island University $45,000 (dc)
Marymount Manhattan $42,636 (dc)
Montclair $35,365 (dc) out-of-state
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Temple $31,870 (tc) in state, $43,520 (tc) OOS
University of Northern Colorado OOS $ 29,936 (dc); In -state $18,492 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Viterbo $32,730 (tc)
Wagner $52,880 (tc)
Webster $39,404 (dc) </p>

56

<p>For those of you worried about not being able to attend a dream school, I’d like to give you two other options to think about. </p>

<p>Option 1:</p>

<p>If you were to choose a school that was significantly cheaper you may be able to send your son or daughter to a specialized summer intensive each year and still end up saving money. The Broadway Theatre Project costs $3,500, but compared to $35,000 it is a STEAL. You get to work with some of the biggest names in the business for three weeks. This summer the faculty include Jay Binder (Binder Casting), Joan Lader (one of the most popular voice teachers in NYC), Ben Vereen, Sheri Sanders, Austin Pendleton, Emily Skinner, and David Sabella-Mills. The training you would get in that three week period could easily be equivalent to what you would learn in a semester at many of the upper-tier schools. </p>

<p>Often times students can sublet NYC apartments from alumni who are working out-of-town during the summer. The sublets could be as cheap as $500 a month. The student could work a part-time job and take classes in the evening from casting directors and agents as well as studying acting, voice, and dance with some of the best instructors in the country. </p>

<p>Option 2:</p>

<p>Take a gap year in a big theatre city. Instead of attending a lower quality school, see if you can find a community college or a liberal arts program in a major city with a strong theatre scene - Chicago, NYC, L.A., Dallas, Houston, etc. Your student will work on completing their gen eds during the day and at night they can take acting and dance classes with other professional actors in the city. They should also easily be able to find a high quality vocal instructor for private lessons. They may find that they like this scenario. If not, they can do another round of auditions to transfer.</p>

<p>Final Thoughts:</p>

<p>I know it can be hard to convince an 18 year old to be fiscally responsible. There was a study published a few years ago that said the emotional core of the brain overpowers the logical core until around the age of 21. So when you feel like your son or daughter is not listening to you, not thinking clearly, and/or being over emotional - they probably are. Unfortunately, there is not a lot you can do about it. </p>

<p>The one biggest mistake I see parent’s make with their high school students is failing to teach them about personal finance. I have students who do not know how much money they have borrowed because their parents have kept them in the dark, even though they are expected to make the payments upon graduation. I have students who have never worked a part-time job and have no understanding of what it takes to make and keep a budget. I have students who still do not know how to write checks, how to pay bills online, and most have no clue what it takes in terms of credit and income to buy a house or a car ten years down the road. All of that REALLY matters. Student loan payments factor into your debt-to-income ratio when you try to get a mortgage. Poor credit scores from missed payments on student loans can drive up interest rates and prevent you from buying a car or a home. They can also affect your ability to rent an apartment. If you want to ensure that your 30 something child does not try to move back home after ten years on a tour bus, you want to start teaching them to be an adult now. When they start to realize how important all of these factors are to their overall happiness in the years to come, they are more likely to start thinking about this decision logically and not emotionally.</p>

<p>Good Luck</p>

57

<p>Wow, great post Voice Teacher, thx. My D will be receiving a crash course in personal finance this summer. I’m sure there are a lot of holes in her financial knowledge that I haven’t realized were there. I take so much for granted and she’s so busy, but very soon I won’t be there to look over her shoulder and make sure everything’s ok.</p>

58

<p>Voice Teacher! Your blogs and now your posts on CC have been so beneficial since beginning this process over a year ago. Thank you so much for your insight, expertise, honesty, and willingness to share your abundant knowledge. Really, sincerely…thank you.</p>

59

<p>Looking only at the Direct/Total Costs, these “stickers” really are “shocking”! But, take heart! For those who are putting together their school lists for the 2014-15 application/audition season, many of these schools, especially (but not only) private schools, do give very generous scholarships and grants and institutional work study. So while a stellar academic record may not get your S or D into an audition-required MT or Acting program, a great GPA and high SAT/ACT scores are still the very best chance at “big award dollars” wherever you are accepted. (Yes, there are certainly exceptions, but reading thread after thread on this topic, it has been repeatedly shown that strictly talent-based awards are becoming more and more limited, and very few schools give much on that basis.) A good award can make one your most expensive options into one of the cheapest! So tell your kids to keep those grades up and kill that SAT! This is strong motivation for a kid who wants to attend a certain “very expensive” school!</p>

<p>As you receive a 2014-15 Financial Aid Award Letter please cut and paste this section to your reply box and add your school in alphabetical order.</p>

<p>(dc) = direct costs (tuition, room & board only)
(tc) = total costs (direct costs plus indirect costs as listed in the award letter)</p>

<p>Baldwin Wallace $38,318 (tc)
Baylor University $46,642 (tc)
Cal State Fullerton $24,320 (tc) in-state
Carnegie Mellon. $61,422 (dc), $64,422(tc)
Drake $46,385 (dc)
Indiana Out-of-State $47,234 (tc); $44,234 (dc); In-State approx. $23,000 (dc)
Long Island University $45,000 (dc)
Montclair $35,365 (dc)
Nebraska Wesleyan $36,570 (dc)
NYU-Tisch $70,606 (tc)
Ohio Northern $36,960 (dc)
Oklahoma City University. $49,256 (tc)
Otterbein University $42,876 (dc)
University of Utah $23,554 (tc) in-state, $38,862 (tc) OOS, but residency acquired after 1 year)
Pace University. $ 56,042 (dc)
Point Park 39,470 (dc)
Rider $50,575
Shenandoah $41,116 (dc)
Temple $31,870 (tc) in state, $43,520 (tc) OOS
Viterbo $32,730 (tc)
Wagner $52,880 (tc)
Webster $39,404 (dc)</p>

60

<p>A few significant factors in the REAL cost of attendance that we hadn’t considered included;</p>

<p>1) A specific schools’ potential for adding need-based aid when a sibling starts college in the future (our D’s tuition was basically cut in half when her sibling started college but this would NOT have been the case at all schools she considered).</p>

<p>2) A specific schools’ potential for kids graduating early. I have seen firsthand that many kids at D’s school have the option of graduating early – in D’s case she could finish a full year early – which can save a LOT of tuition money. </p>

<p>3) If kids can really complete a Double Major in 4 years, in some sense you are getting more for your money. Similarly, some schools that claim you can double major mean you can do it in FIVE years, which greatly increases the real COA, particularly since most financial aid is only availble for 4 years of undergrad. </p>

<p>For a time College Board’s “College Compare” tool was trying to show the actual average costs of attendance, which was interesting and differed greatly from the sticker prices.</p>