I looked at your thread and you’ll be a business major.
The biggest issue is that you don’t want to go to either school. They’re both going to have a similar B-school experience. But, you don’t want either school.
What is the GPA req’t that your dad expects for him to pay “your third” at a UC (and who would pay your “mom’s third” at a UC, which would be about $18k…since she won’t pay that much.
Money IS an issue if your family won’t give it to you up front. Your dad has to either pay up front and let you pay him back or go take out a Parent PLUS loan. That involves him filling out a loan form and cosigning those loans every year for the next 4 years. In other words, those would be his loans as much as they’d be yours. Is he willing to do that? I agree with Blossom that you need to put the out-of-pocket cost in front of your parents.
Make a very smart business decision and go to an in-state school - if you can get in-state for UM-TC. Is Iowa your home state? Look at what programs U Iowa and Iowa State have that can possibly be good for you. Look into their internship opportunities, cooperative education opportunities.
What do you want to do with business? Some areas of business have more opportunities - but if you are a go-getter, you can succeed going from the general skills to the specific skills needed.
Have you visited the schools?
Can you be in-state for where your dad lives?
Have to check the in-state details carefully. WI and MN have reciprocity with the right paperwork processed.
When are your siblings going to college? If you all have the same father, then your father needs to come up with his plan for what he is willing to pay for all of you. He might balk at cosigning your loans in year 3 if he is contributing toward another child’s college.
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go to an in-state school
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Or a school that will give you large merit for stats. But, THOSE deadlines are very soon.
I’m concerned about the “dad loan” thing because there’s always a chance of some weird thing messing that up…maybe dad will remarry and new wife will balk at paying those back. Who knows. You could end up with a lot of debt even with great grades.
Find out what the GPA req’t is…and find out if after each semester (with the right grades), if he’ll pay off the debt…so at least it won’t be accumulating in a way that you could somehow get stuck with it.
Just an additional note: a 3.92 UC GPA isn’t competitive for UCSD, and the mid-tier UCs (UCD, UCSB, and UCI) aren’t locks either.
Did she apply to the other UCs? or just
When you ask your dad what GPA you must keep (for a UC, NEU, NYU, etc), for him to pay your share, also make sure he understands that you won’t be getting instate rates for a UC.
how will the pay arrangement work for NYU or NEU? NYU now costs over $70k per year. NEU is over $60k. How will your mom’s share get covered?
OP get your bachelor’s in-state. Can always ‘get more’ at graduate level if desired.
@mom2collegekids my mom is ONLY paying 7k regardless of where I go. And I only applied to the 3 UCs, no longer applying to GW or NYU. If I go to Iowa I’m okay with that because their business program is highly ranked and I was directly admitted, as only 900 freshmen are admitted to their program.
@mom2collegekids and I think I have to have a 3.5 GPA. Going into business.
@SOSConcern I’m from Iowa, got directly admitted to the business program that only 900 freshmen get into. My dad lives here too. Planning on doing international business, Iowa has a very good program.
Well that’s great that you have this good instate financially affordable option!
@txstella my siblings are younger than me.
Originally you stated your mom would pay up to 1/3rd of the cost of tuition at the University of Iowa, but now you are saying $7k. So is it $7k?
If so, you should be all set for University of Iowa with $7k from dad and the rest from any scholarship money, a federal loan up to $5.5k, your savings.
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as only 900 freshmen are admitted to their program.
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900 freshmen directly-admitted to the B-school? That seems like a large number, but maybe I’m wrong.
Does your mom receive child support for the younger kids? If so, that “income” also gets counted on FAFSA, along with Step-dad’s income. Does your mom work, too?
A 3.5 GPA in college, particulary as a freshman, can be quite difficult. Find out if that’s the req’t.
Your dad’s deal is faulty. YOU cannot take out sufficient loans to cover the shortfall all by yourself, either he our your mom will need to cosign these loans…or you won’t get them…period.
The maximum loan you can take in your own name is the $5500 Direct Loan for your freshman year.
So…if you want a UC…where will the remaining $25,000 come from (or more) to,cover the shortfall that your oarents won’t pay?
@Madison85 I’m not worried about the university of Iowa as I stated earlier. It’s only for UCs.
@mom2collegekids the freshman class at university of Iowa is pretty large. And yes she will still get child support.
I wasn’t aware about the 5.5k limit before this thread so thank you for informing me!
I would turn you dad down on that offer if he is expecting such a high gpa, although business is a pretty easy major and do-able, I would not want a chance to end up with a lot of debt to curtail you future plans (what job you might be forced to take while preferring another, having extra money instead of a loan payment every month, going to grad school, saving for car/house/emergencies/future).
Fafsa is a form (free application for financial aid) so you don’t ‘get fafsa’, you fill it out. Then you get
Federal aid- Pell you are not low income so nothing, loan yes 5,590 freshman year only
State - don’t know if Iowa state gives, nothing for you in CA only for CA Students
Institutional aid - need aid from some schools if your EFC is less than COA; merit aid for you gpa and sat
So if you want to explore aid, look for privates or publics that give a lot of merit aid, or a combo of need and merit.It is no skin off your nose to please you mom by applying to Minn, it is just doing your part to have options and you can look into it more in the next few months and of course just pick one in the end, no biggie to turn down a school, esp if the money doesn’t work out. Sounds like you will be a full payer at UCs with your mom’s new household income, so about 57k a year, you will definitely not get instate tuition in CA in any year until you are over 24 yo and living and working there.