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08-02-2012, 12:24 PM
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#16 | | Senior Member
Join Date: Apr 2011
Posts: 1,237
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Here is why it is so hard to recommend schools on CC when someone says...I need a school with generous aid...
By all accounts, Tulane is very generous with merit aid. Problem is, Tulane is almost $60,000 total COA. If you get a $25,000 merit aid grant, that still leaves $35,000 left...can you pay that?
Miami Ohio is also very generous with OOS merit aid. A person with a 1320 might get $10,000 in a merit grant. Miami is over $40,000 COA. You will still have to come up with $30,000 per year. Can you pay that?
Just because a school gives great merit aid does not mean that it will be affordable. HOw much can you pay each year?
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08-02-2012, 12:38 PM
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#17 | | Member
Join Date: Oct 2009
Posts: 589
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Wells in upstate NY
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08-02-2012, 02:35 PM
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#18 | | New Member
Join Date: Jul 2012
Posts: 7
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My parents are willing to pay 5,000/year. More or less depending on the quality of the education. I'm willing to take out loans if I think it's worth it but I don't want to owe a lot before grad school
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08-02-2012, 02:51 PM
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#19 | | Senior Member
Join Date: Apr 2011
Posts: 1,237
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You can pay about $5,000 and your EFC is quite a bit higher than that, correct?
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08-02-2012, 05:46 PM
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#20 | | Senior Member
Join Date: Aug 2008
Posts: 2,193
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@rjk, Quote:
"5,000-30,000"
Ohio State has about 43,000 undergraduates.
| There are quite a few public universities with undergrad student body at around 40,000 that are considered 'Top Public' and ranked in the Top-50 academically via USNWR. Further, tOSU is in the process of hiring hundreds of additional faculties to improve student/faculty ratio and classroom sizes, so this is really a non-issue imho.
Indeed, I would certainly have recommended Michigan for OP since it does make the cut at 28,000 for undergrad student body; however, based on the latest calculation, UofM's COA is now approaching 60k a year (if you add Tuition and fees + Room and board + Books and supplies + Health insurance + Living expenses), and I doubt that would be within OP's budget.
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08-02-2012, 11:28 PM
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#21 | | Senior Member
Join Date: Sep 2009
Posts: 45,346
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Ypu can only borrow $5500 as a frosh, so if you add that to your parents' $5k, then that's $10,500.
that means that you need at least a full tuition scholarship.
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10-28-2012, 07:09 PM
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#23 | | Super Moderator
Join Date: Nov 2004
Posts: 7,619
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Originally Posted by brightivory Except Princeton doesn't seem like it gives out much... | Princeton is extraordinarily generous with financial aid. Students from families making as much as $140,000 pay virtually no tuition, and students from families making less than $60,000 get a full ride. Additionally, it was the first college in the country to eliminate loans for all students, and its students have the lowest debt load of any private university.
Kiplinger rates Princeton as the third best value among private universities, behind only Yale and Rice. Best Values in Private Colleges, 2012-13 | |
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10-28-2012, 09:14 PM
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#24 | | Senior Member
Join Date: Apr 2008
Posts: 5,627
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^ The OP seems to be talking about merit aid, not need-based. Princeton (like many super-selective schools) does not award merit aid.
The OP's budget appears to be about $10K - $15K ($5K from her parents, $5500 in loans, plus her own earnings). What she hasn't indicated is her EFC. EFC minus budget is the minimum gap she needs to cover with merit aid (plus any additional gap that the school does not cover between EFC and COA).
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