Using Home Equity with Financial Aid over multiple years?

Ok…here are the costs your kids would pay billable annually at University of New Mexico…because with their WUE scholarship…they pay exactly what instate students pay.

Tuition: $8514
Room and Board: $10396
Fees: $714

TOTAL: $19,624

Those are the annual billable costs your kids would pay with their WUE scholarship.

Where are you finding this cost.

“ The billable cost 15,250 plus 10k something R&B plus 700 fees.”

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Can you get a Parent Plus Loan?

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Ha!
(referring to the stupid early tracking)

One of the advantages of going overseas is learning languages, growing up fast, exposure to a truly global population of students, so many intangibles.

One of the main disadvantages is that we have to avoid most of the traditional European learning models. These are bad for most people, but certainly my son. There are alternatives in Europe, believe it or not, but even at it’s best I don’t think it can quite compare with the best fittiest-fit of an LAC.

I have wondered about seeking out independent learning disability testing. I didn’t want our school to find out or GC especially, and since he was getting almost all As, didn’t want to rock the boat.

However clearly my daughter has none of that I’m sure. And she also does not test well.

I think it’s really mostly the crappy school system.

There are a lot of “foundational year” programs in Europe which are prep for college, which is usually 3 years anyway, so kind of like an optional first year. European degrees were generally masters up until recently, so the BA or Bs level is kind of not the point there.

We have talked about the fact that none of us, all three of us, have any idea how college is going to go first year and that is very much on the mind.

They are both most certainly going to take a gap year if they do enroll in the US, which obviously throws a big wrench in the present discussion. It doesn’t change the gist of it though. Maybe I just derailed the thread.

There are advantages to overseas study…but not if that study is in a language other than the student’s first and prominent language. Please…please don’t send a kid abroad who you say isn’t really ready for college to a college where instruction is in some foreign language.

And take travel costs into account. And remember that in many foreign countries, students don’t have dorms. And consider health care as well.

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no that is incorrect. they pay 1.5 times in state tuition.

Does the second parent have any input into this process?

What EU unis are you considering? Let’s ask for input from @MYOS1634 too.

What are each of your kids planning to do during their gap year?

no that’s not it either. the teaching is of course in English. no one would accept my kids even with the second mother tongue they have which they are not literate in.

But you are exposed to international situations and a great place to learn the local languages.

And yes the figures account for expenses and health care. Not only college is way cheaper in Europe so it health care.

This has not been considered in total ignorance.

@WayOutWestMom would a student getting a WUE Plus scholarship pay instate tuition at University of New Mexico? Or 1 1/2 times instate tuition as this OP thinks?

This was posted by @WayOutWestMom who I’m sure will clarify.

“ Since your children qualify for the WUE+ scholarship, your costs would be identical to the in-state COA.”

@UCDProf your kids qualify for WUE PLUS….not just regular WUE. Read that again.

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How will you get health care abroad for this U.S. citizen kid at a bargain cost. Do tell.

And please read my above post. Your kids qualify for WUE PLUS at University of New Mexico.

Some options people in our exact situation could consider include foundational year programs leading to university in Netherlands, the same in Italy, or vocational universities in Netherlands, and American colleges in Europe, Anglo-American University in Prague is gaining a lot of popularity lately, but lacks science, which doesn’t work for us at present. There are hordes of state universities with English language programs with varying degrees of efficiency in handling international students. For those, a lot of caution is advisable. However many students give it a go because it’s so darn cheap they figure why not try a year.

Those with 3 or 4 AP exams at score or 3 or sometimes 4 opens up many more possibilities as many European places require that of US students. There are American style colleges nestled in many of the dutch universities.

What my kids might do in a gap year depends on so many factors. They have relatives in other countries they can stay with, there are programs that are inexpensive, there is work, so many things. Making a lot of money of course brings up the same issues as cash-out but on a much smaller scale.

it also depends on what’s allowed by the colleges. And basically there is too much to think about now.

I think you’ll have to research that yourself. Not every country in the world is as averse to “foreigners” as the U.S. is. You have to reach out and learn a bit about the world around you and not just base things on what seems like common sense from the environment that is familiar to you.

You could start with a university in Netherlands and see what they have to say. Try an Italian university. You’ll see.

EDIT: I mean many countries are not averse in current policy. Not that they don’t have right wing and racist elements that are seeking or gaining power. However, mostly white U.S. college students are not the lightning rod these groups tend to focus on. Yet.

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Yes, the costs can be alluring. Just know that transcript stays with the student forever, and would be necessary to transfer to another school. Also make sure to fully load the costs, including room, board, travel, etc.

Do either of your kids have these scores?

the graphic has a typo, and actually show WUE plus as more expensive than WUE, but of course that can’t be true.

so yes, UNM would be about the same as the best LAC offer we have. So a no for us, but still a better than many CA families can get in state.

If your kid who doesn’t test well can pull out a 4 on an AP at what you describe as a not great HS… he could likely score into the “we give merit” range on an SAT for some of the schools discussed here.

Hiram is a terrific place, depending on what your son wants to study… which is what? Something science? Nailing that down will help a lot if he’s seriously into a European U.

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yes as I’ve repeated several times already, I am accounting for costs when I’m accounting for costs.

My kids had access only to AP Calc. For those interested, you don’t have to take the classes to be admitted to these European universities, you only need the test. Many APs are just straight up memorization tests and can be self-studied.

Some are more complex than that, the issue is finding a HS that will let a non-student sit for the test. Even harder during a pandemic. If you are thinking about that for this spring, square that away ASAP.

yes you kind of have to know what you are doing when you go to Europe, unless you enter an American style college. However, if you are doing a foundational year you can pivot

My kids haven’t really lived enough to know what they want, but are both presently considering health fields, which IMO can be done anywhere there is science, is best pursued in the U.S. but can still be done otherwise, and does not require a prestigious place and that might even work against you in lowering your GPA.

Also, some states can be harsh on GPA for various reasons including low quality courses or attempts to be rigorous.

no we’re not considering this, I was just mentioning it for others.

If cost is the issue, you might be able to work that out by paying it yourself.

Our district and HS will allow my kids to sit for anything (not including any new covid thing).

no I didn’t mean he got a 4 – I meant he had access to only that course, which he got a B in, during a lousy zoom year that didn’t even cover half of what was on the test.

I agree that a kid that can get a 4 in AP Calc can do well on the SAT in Math if they study the for-them old material on the SAT.