transferring and money

<p>I was wondering if money is ever a thought when tranferring? I know many students transfer every year but I wondered how many of them needed the money they received initially and if it followed them, so to speak? For example if college A gave you a 15,000 scholarship and workstudy, etc., did college B do that? I heard transfer schools aren't as generous but I know that must be case by case...just wondered if anyone had any experience with that or was it not a concern?</p>

<p>its case by case, and of course its case by case, and a concern for many...the better the schools, the less money to go around...the better the applicant, the more money to go around....it really depends on both the student and the school</p>

<p>I see that, and some schools, (not the top 25) have money set aside for transfers, but it's never like it is for freshman. I just wondered because I never see it mentioned, just the worrying of getting in, not paying for it.
Or maybe I read more posts from students instead of parents! ; )</p>

<p>whats ur hs gpa/act/sat...and ur college gpa, what school are u at? i can help find you a good school that you might have a shot to get a lot of money from.</p>

<p>Not to speak for her, but my D goes to a small LAC in MA, got a 3.71 and 3.65 the second semester. Looking for a larger school, social sciences major.</p>

<p>what about her act/sat score, and h.s. gpa?...id apply to tulane...her stats sound good but lately ive heard of transfers with 3.7+ gpa's getting rejected due to a super high amount of students who are returning each year, and a HUGE incoming freshman class...new orleans is an amazing social scene though.</p>

<p>Sorry, didn't think that mattered 2 years into college, same 3.75 and 1300 (old test)SAT. (honors, APs,)
Tulane was thought and a very good school, but she's a non-drinker and although social scene is important, didn't want a large Greek student body.
I appreciate the advice. I think we'll try a few private and 1 state and see what happens. Money definitely will be a component since she plans on getting MA and maybe a PhD one day. Too many loans is not a great option.</p>

<p>
[quote]
Sorry, didn't think that mattered 2 years into college

[/quote]
</p>

<p>It matters for some colleges, unfortunately.</p>

<p>Gaby -- As a general rule, most schools have their own systems for granting financial aid and won't give a crap what another school is granting. They have plenty of people waiting in line if you don't accept their package. This is true for freshman and transfer admissions. </p>

<p>What does matter for transfer admissions is need. Many schools, even those who are need-blind for freshman, are NOT need-blind for transfers. This is true of where I go, now, Brown. </p>

<p>I actually transfered out of Tulane, and I wouldn't reccomend it for a non-drinker, non-greek person like your daughter.</p>

<p>My son is totally a non-drinker and totally non-greek. He's had a great education at Tulane. All he had to do was find some of the many other kids on campus who laughed at the drinkers instead of trying to be like them. The big partiers on his hall freshman year were gone soon enough - either to Frat houses, or back to mom and dad because they flunked out.</p>

<p>Lmao............</p>

<p>lol how did this thread become about Tulane? </p>

<p>Answers to the OP:</p>

<p>Scholarships given by the original school don't transfer. Outside scholarships do. As far as money for transfers, it depends on the school. If you get into a top school and have need, many will meet 100% just as they would for freshman. My only personal experience was with Washington University in St. Louis, Wesleyan University, and the University of Texas. The first two met 100% of my need and gave me scholarships that would be typical for a freshman applicant with my EFC. UT, being a state school, gave me basically nothing. Even some top schools though, such as Columbia and Brown, state that they have very limited funds for transfer students, even though it seems like the people accepted here on CC did not complain about their FA packages from either school. Your best bet is to tell your D to apply to mainly top 20 national universities as they have money, most meet 100% of need, and she seems to have good enough stats to merit admission to at least a few. WashU in St. Louis is one of the only very good unis that I know of that has very nice merit scholarships set aside even for transfers.</p>

<p>Yes, I heard Wesleyan is very good with money and also in giving students a chance if they are strong students, especially from community colleges, while other top colleges might take 1 or 2 if any. I will have her apply to some good privates but have a state safety and see how it goes. Some schools don't let transfers know the money situation until later, some earlier. They treat them like "late freshman", sending out the letters after theirs, but other colleges let the transfers know earlier. I will look into them more. Don't want to be left hanging..</p>

<p>Yes, usually top state schools, Georgetown, WashU, Yale, Wesleyan, etc. have been known to be more generous to CC students than most other top schools. I am sure there are more but I can't think of them.</p>

<p>Just my prediction: if your daughter is receiving a decent scholarship (perhaps 15k) at a private LAC, it is unlikely that she'll receive anything other than govt. loans from the state school, which may make her second guess wanting to transfer at all. On the other hand, you can expect most top unis which meet 100% of need to match the package you've been receiving at the current LAC assuming it is of considerable prestige. If she will be "transferring up," she may be receiving more merit aid from her current LAC and the difference in the merit package from a lower ranked LAC and need-based package from a top uni might be more than you're willing to bear. This is why it's always best to spread the options out. That is, depending on where she's coming from, apply to a comparably ranked private university that has merit aid available just in case the state or top unis don't pull through.</p>

<p>Brand, I agree with you. The state with just loans will be cheaper than what we are paying with a 17,000 scholarship. Privates are just so high!! But a better fit with "about the same package" would be okay. Wouldn't go higher, that would be dumb, especially with social science salaries not being the highest among majors.</p>

<p>This is a little off topic but I thought I'd clarify a reference made to Brown's financial aid funds for transfers.</p>

<p>Here's the scoop on Brown. </p>

<p>Transfer financial aid funds ARE limited. Very limited. The reason that people don't complain is that if you do apply for financial aid, you get your full need met. But what happens (because the full need is met) is that VERY few financial aid applicants get accepted! In my transfer class of 140, 20 were on financial aid (14%). However, 350 of the 700 applicants applied for financial aid (50%). So if you apply for financial aid it is much more difficult to get in. Sketchy anyone? Rampantly unfair anyone? (I got in w/fin aid, and I still feel this way, so this isn't rejection bitterness). </p>

<p>But maybe there isn't enough money? Well, not exactly. Freshman fin aid is need blind, and 100% of need is met. And that's for 1500 students. Transfers are a tiny portion in comparison (about 100 a year...this year it was 25!!). Some of those funds could be transferred (no pun intended...). Furthermore, Brown recently got an enormous donation from alumnus Sidney Frank (millions), primarily for financial aid. But instead of using any of that for transfers, they just made financial aid for freshman more generous, giving full scholarships to people with a certain income and below. While this is laudable in and of itself, some of these funds could have been used to make transfer admissions fair.</p>

<p>We just went through a round of applying to try transfer up from a LAC to a better school. It is much easier to get accepted than to get financial aid. The financial aid (including fed loans) does NOT follow the student. At my D's LAC, she has 100% need (merit & loans). with a 3.5 cum, after freshman year. The FA packages were disappointing, ranging from about 44% of need (at AU) to 68% of need. </p>

<p>She has several disappointed friends in the same boat. Much easier to get accepted than to get money. I wish more people knew about this transfer dilemma.</p>

<p>I've always heard that, re the money, which is why my son, if he transfers next year, will probably try to get into a state honors program. Paying more is not an option. When we lost a grant, some said, "what's 6-8,000 more a year?" Well, if you were struggling before, and can't pay the difference from your salary, it's 20,000 more in loans over 3-4 years. That to me is a lot....for some students, the money seems "not real", you don't have to pay it now, like a deferred credit card, but then it becomes very real, when the 'real world" hits and sometimes salaries don't equal payments.
I admit, my son is a little quirky, he actually read all the fine print of his stafford loans (unsubsidized) for about 10-15 minutes while I waitedfor my turn to do my loan. I had to resist yelling, "will you just sign, so I can finish this!" : ) Well, at least he wont get into something he didn't understand.</p>

<p>usc is very generous when it comes to giving out money to transfer students</p>