Time article- title says it all........"My son was accepted to a College he can't afford- now what?"


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 Stevens is a well-regarded NJ school. I believe it was rated as having one of the higher ROIs in the country.

Its financial ROI in Payscale rankings is certainly helped by the fact that its students are mostly engineering majors.

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it also has a pretty stinkin hefty price tag.

it was the school my kids GC pushed for her, with the great advice to worry about the money later. ::eyeroll::

in the interest of accuracy, i ran the NPC for our scenario.

Total cost: $64,XXX.

after all is said and done after merit etc…

our EFC=$42,788.

for Stevens. Not some fancy Ivy. Not even some spiffy well known U.

you still want to know why kids leave jersey???

@mom23travelers I totally agree with everything you said. One of my kids was also instate full pay. Not a dime of aid from UVa (unless you count unsubsidized Staffords!) but I never begrudged kids that were getting aid, whether instate or out of state. We still felt our son was getting a great education, at a very good price.

“you still want to know why kids leave Jersey?” @kac425 Stevens is private and will have private school type tuition. That is no surprise. . If a New Jersey kid really wants to go to a private school, they can go anywhere . That is different than a New Jersey kid not going to one of their instate options. Plenty still do but lots seem to prefer other OOS options.

One of my kids applied to Rutgers for engineering ( we are out of state). I think it has a much better reputation outside of NJ and with employers than inside. Crazy.

But lets remember that CC is not representative of most college applicants. Rutgers is huge because many kids from Jersey go there and love it. It is not easy to get into these days, especially for certain programs. Many kids turn to OOS publics or privates because they do not get accepted at Rutgers. Lots of kids also go to other in-state schools and are happy there as well.

@sevmom…i’m well aware of what it is–it was in response to a prior post.

will it help if i do rutgers-main instead?

Total Cost (including on campus housing) $31,284

Your Estimated Net Price $31,284

note how both prices are EXACTLY the same. why? because there isnt a boatload of merit to be had at rutgers, unless you are an tip-top performer. oh and yes, thats instate.

that is a significant chunk of change in comparison to other places, other schools with better merit, other places with lower COA, etc.

There’s a pretty yucky class undertone to the article, now that I look at it again. The author doesn’t seem to be worried that Rutgers is intellectually inadequate. She seems worried that the students are tacky.

@kac425 I agree that is a significant chunk of change. Unfortunately, tuition keeps going up in many states. It is good that there are other options out there if a family doesn’t feel the EFC is workable-exploring other schools, looking for merit, starting at community college , etc.

Perceived class distinctions is one of the driving forces behind demand for private schools. This is particularly true in the Northeast.

I just looked at the article again too. I feel sad for the son-they let him fly out to admitted students day, put a sticker on the car, get all excited about Wisconsin- only to pull it out from under him. Yes, I understand they did not have the financial aid package yet but they did have access to the info on the OOS costs and certainly could have done the net price calculator to get an idea of whether or not the school would be affordable.

She wonders how her family was supposed to “magically” come up with the OOS cost. There is no magic involved, just looking at the numbers and staying within your means. She somehow thought somebody else should help finance her luxury purchase . If your EFC says you can pay, then you are expected to pay. If you don’t like the numbers or feel you can’t afford your EFC, then the work begins on finding a more affordable option.

University of Michigan and University of Virginia have excellent need-based financial aid programs for OOS students UVA has for many years proudly proclaimed that it grants FA regardless of residency and Michigan has made raising money for OOS student a major priority. I’ve worked with middle class kids who had their full need met, with very reasonable debt levels.

@Hanna New Jersey’s reputation precedes it.

“New Jersey’s reputation precedes it.”

But…the author LIVES in New Jersey.

Go ahead and take your dumps on NJ. We are used to it. We know all the jokes, “what exit” and all that. We have seen “The Sopranos”. We hate that “jersey shore” show way more than you do. But go ahead, have your fun.

Then do some googling of the highest rated high schools (http://www.huffingtonpost.com/2014/08/04/wallethub-education-rankings_n_5648067.html ), highest bar for NMSF (http://www.studypoint.com/ed/national-merit-scores/) richest and poorest states by income (http://www.forbes.com/sites/kathryndill/2014/10/13/the-richest-and-poorest-states-in-2014/#56da1c6899d5)… and then comment.

And yeah Stevens is a great school, very academically challenging and highly regarded. And we have that other college I can’t think of at the moment that’s pretty well regarded also, it’s called Princeville or something like that. They don’t let me near the place.

As for Rutgers, here’s a list of some of their alumni: http://www.alumni.rutgers.edu/s/896/index.aspx?sid=896&gid=1&pgid=430. Clearly Member’s-only jacket wearing idiots all. I’m heading to a friends house in a few min, his undergrad from Rutgers got him into Harvard Law.

And now hear this in my best Joe Pesci voice: First, take a big bite of this Taylor Ham, egg and cheese sandwich so’s you stop talking. Then, get back in your frickin’ Camry and drive straight back to Pennsytucky and don’t come back.

I hope you all know I am kidding, but the shots at Jersey ain’t cool, ain’t hip, ain’t smart, and make you sound ignorant.

It is true that Rutgers (New Brunswick) has 28% of students receiving Pell grants, while Wisconsin (Madison) has only 14% of students receiving Pell grants.

For other schools mentioned here, Michigan (Ann Arbor) is at 14%, Virginia is at 13%, and North Carolina (Chapel Hill) is at 22%.

These are from College Navigator.

Hey, I spent a week in Cape May last June. I’m definitely not one of the NJ haters!

Virginia was even well below 13 % at one point . Access UVa has brought in a somewhat more diverse student body from a socioeconomic standpoint, but the numbers of Pell Grant recipients is still fairly low in the scheme of things.

Outsiders weren’t criticizing NJ. It started with a.marvel how NJ residents do. And how frequently they put duwn Rutgers.

" Outsiders weren’t criticizing NJ. It started with a marvel how NJ residents do. " . Hmm, So it is more of an issue in NJ of self loathing? :slight_smile:

I am going to visit NJ for Memorial Day! We are bringing the whole crew to visit family! Exit 11. :wink: