<p>I am looking into transfering to NYU, USC, Georgetown, Johns Hopkins, UC Berkeley.. I am looking to attend their business school. This is my 2nd year at a local CC and my family EFC for FAFSA is 0. I am currently getting the full Pell Grant amount and ACG grant as well. I am very worried about how I'm going to go about paying for my tuition and all that.. My parent's total income is about 26k. They have no assets whatsoever. I have a 4.0 with many EC's inside and outside of school. I feel that I am very competitve student. Generally speaking, how much will these schools offer me in terms of Financial Aid? How much will I have to think about for loans? Thank you so much!</p>
<p>At most schools, getting good aid as a transfer student is very difficult.</p>
<p>If you are a Calif resident, then your chances are good at UCB and USC. If you’re not a Calif resident, then take UCB off your list.</p>
<p>Take NYU off your list…they give bad aid and being a transfer student makes things worse.</p>
<p>I don’t know how JHU and Georgetown are with aid for transfer students. I’ve heard that JHU doesn’t meet need for incoming freshmen, so if that’s true, it’s probably worse for transfer students. </p>
<p>oh no… I’m in Northern California. Thank you so much for your knowledge. I wanted to apply to these schools so that maybe I’ll have the luxury to choose a college when it comes down to it, instead of having no choice. Does that mean I should solely look into UCB and USC? Will USC help me with a good amount? This is my family situation…</p>
<p>I know that going to UCB will be the ideal situation for me because it costs about 15k per year… Now with that said, USC NYU and other private schools are 45k+… If I was accepted by these privates, I was going to ask for help to my close relatives and maybe take out some loans myself… I’m not exactly sure how much I will be supported with through relatives, but in terms of loans… what is an average amount of loan that people take? Obviously it wouldnt be a full amount, nor would i want to be in about 100k debt after undergrad… since I have grad to consider as well… How much will the banks ALLOW me to take out?</p>
<p>Almost any school you attend will have loans in the aid package, only handful of very top schools don’t. For a junior the Stafford loan is $7500, though some schools will add several thousand in a Perkins loan. </p>
<p>Assuming you commute to a UC, you should be fine. You should qualify for Blue and Gold which pays your fees. Your grants and loans can cover all else. USC meets 100% of need, so that should also work with the same loan.</p>
<p>If I’m accepted into UCB or USC, does this mean that I won’t have to worry too much about tuition and all that? I live about 20 mins from Berkeley, so I will probably commute from home…</p>
<p>Worry is relative. You will come out with loans you need to repay, will have a work study job during school and a summer job contribution. They won’t be worry free, but doable.</p>
<ul>
<li><p>USC requires both the CSS/Profile and FAFSA for financial aid. The deadline is February 2nd for transfer applicants.</p></li>
<li><p>the cost of attendance is currently just over $55,000/year</p></li>
<li><p>USC meets need for transfers using the CSS/Profile to determine need. The CSS/Profile considers assets the FAFSA does not, such as home equity, so your expected contribution may differ from your FAFSA EFC (and by “differ” I mean it may be more ).</p></li>
<li><p>USC includes Stafford subsidized and unsubsidized loans in their need-based packages. The amounts are $7,500/year ($5,500 subs + $2,000 unsubs) each junior and senior year. Work/study for Jr and Sr year is typically $2,500 - $3,000/year, and the summer earnings expectation is ~$3,000/year. That adds up to about $13,000/year from the student plus the family’s expected contribution (which may be $0 in your case, unless there is home equity or other assets of which you are not aware).</p></li>
</ul>
<p>So estimate your debt at graduation to be about $15,000 for two years at USC.</p>
).</p></li>