What is the reality of affording college in Boston for a self-funded student?

Chance Me / Match Me!
1

I currently attend college in Kentucky and I plan to move to Boston upon graduation. I am a junior and I am majoring in finance and I want to specifically go into investments. Living in the Greater Cincinnati Area, I know the industry I am wanting to go into is very limited in the area I currently reside. I am a self-funded college student and paying for college in Boston would be very costly. But I also realize that by going to school up there would greatly increase my chances of finding and securing a good job in my desired field that could very easily pay back the costs of attending college in Boston. Any and all advice is welcome! Thank you!

2

Even absent tuition costs, Boston is an expensive city to live in.

What exactly do you mean by self-funded? Are you eligible for need based aid? Are your parents not willing to fund any of your costs? How are you planning to self fund?

3

I am eligible for need based aid and I would definitely apply for merit based scholarships as well. My father is not in my life and my mother unfortunately cannot help me with college funds. I currently work and plan to work regardless of where I am at so I plan to self-fund myself through work.

4

That doesn’t fully answer the question. Information that would help:

  • What is your FAFSA EFC?
  • Is your dad deceased, completely unreachable, or low income?
  • Are you under the age of 24?
5

I don’t understand the question. Are you moving to Boston for Grad School or for a job? If its the latter, then why are you asking about paying for college in Boston? @dreinert95

6

@intparent My FAFSA EFC is less than $10,000; my dad is low income and yes I am 21 years old

7

@suzyQ7 I would be moving to Boston to finish my undergrad

8

I would continue your degree at your current university. Getting a job even when transferring to Boston is not a guarantee but the student loans are. You’d likely have to take out both stafford federal loans and private loans. As a finance major you should know that this is a poor investment.

9

also private student loans hover around 9-12%. Just something to consider

10

I would also recommend to finish in Kentucky, however, search hard for summer internships in Boston for next summer. Are you a sophomore? Junior? Getting a paid internship would get you roots in Boston and there are a lot of corporations out there. Use the career services office at your school and apply everywhere.