<p>something interesting ive noticed…this calculation applies to my situation specifically, and i doubt this is a very exact calculation, but i think CA (or any other state’s) residents can get a lot out of this considering the recent budget mess</p>
<p>california community college (commuter, 2 years)
$814 (“fees” aka tuition)
1638 (books)
= $2,452/year => 2452<em>2 = $4,904
- UC (commuter, 2 years)
10302 (“fees”)
822 (2011 fees increase)
1405 (campus fees for UCSB)
1609 (books)
= $14,138/year => 14138</em>2 = $28,276</p>
<p>TOTAL FOR 4 YEARS = $33,180
w/ Stafford loans, out of pocket
$13,276 for 4 years (and $23,004 in debt, not including capitalized interest for deferment)</p>
<p>University of Alabama
20500 (OOS tuition)
750 (course fees)
600 (Dining Dollars)
2544 (Silver meal plan)
7500 (Honors housing) or 4700 (regular housing)
1100 (books)
= $32,994/year (or $30,194 w/ regular housing) => $131,976
w/ guaranteed scholarships
32994 (total OOS costs)
-13667 (UA scholar)
-6833 (engineering supplement)
-2500 (engineering leadership award)
=$9,994/year (or $7,194 w/ regular housing) => 9994*4 = $39,976</p>
<p>TOTAL FOR 4 YEARS = $39,976 if you’re in Honors housing for 4 years
(we’re over by 6k, but if you’re willing to be in some extra debt [AND CAN HANDLE IT], it’s a better deal for your parents)
w/ Stafford loans, you will pay this out of pocket:
$12,976 for 4 years (and $30,000 in debt, not including capitalized interest for deferment)
…
BUT if you choose not to be in the more expensive housing
$28,776 for 4 years OR
$1,776 for 4 years w/ 30k in loans (I assumed you will receive all $7500 in your last two years b/c the UA cost of attendance includes personal costs which I did not factor into these calculations) …if you go down that path, it’s a definite no-brainer </p>
<p>anyways, food for thought…good advertising for the state of AL haha :P</p>