<p>When you’re looking at OOS publics, your family income doesn’t matter that much because OOS publics don’t often try to “meet need” and don’t want to give OOS students their very limited need-based aid. </p>
<p>OOS publics usually don’t have enough money to help all of their instate students (whose costs are LESS), so they can’t meet the need of OOS students whose costs are a lot more. </p>
<p>anyway…your parents have a good income, so you’re going to have a high EFC anyway. It sounds like your parents income is going to be about $120k per year…which means your EFC is going to be (roughly) about $35k or more. That **doesn’t **mean that if a school costs $50k, then the school will give you difference. A school may only give you a $5500 loan and gap you the other $10k…which means that you’re paying for the entire amount.</p>
<p>At CSS Profile schools, your “family contribution” could be higher. St. John’s is a CSS school.</p>
<p>*so I think a plan like that [paying $500 per month] would be possible. *</p>
<p>If your parents will pay $6k per year, that will be far below their EFC. That’s going to be a problem. </p>
<p>However, if your stats are high enough, then there are some schools that will give generous merit scholarships. But, the word “generous” is relative. If your family will only pay $6k per year, then a $15k per year scholarship at a school that costs $50k will not be enough. </p>
<p>Look at it this way…if your parents will pay $6k and you borrow the full student loan amount frosh year ($5500), then that will barely pay for room, board, fees, and books. If that school is Arizona, then you’d need at least a full tuition scholarship, so you and your parents can pay for room, board, books, fees, etc.</p>