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Did you have to go into debt to attend the college of your dreams?

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Replies to: Did you have to go into debt to attend the college of your dreams?

  • ucbalumnusucbalumnus 83893 replies744 threads Senior Member
    Yes, $18.9k is with 4.0 GPA with 8 AP courses (indicating that FA there is partially merit based). Of course, still too expensive even in the best case.
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  • MYOS1634MYOS1634 43281 replies471 threads Senior Member
    Op needs to focus on meet need schools. However due to her scores these won't likely be the need-blind/meet need ones.
    @gmarie1112
    You need to work on the sat, perhaps try the ACT, preparing specifically for the test. Check out the Test forum on this website. Borrow prep books from the library, especially the English specific books like Erica Meltzer's or PWN the SAT math.
    Questbridge is worth looking into, as is Posse.
    Definitely apply to GVSU, WMU, etc, and apply to the Honors college. Michigan State is a match but the honors college (which would meet need) is a reach as is UMichigan *but DO TRY* because you have a shot. UMichigan will cover full tuition for EFC zero students and if you turn in financial forms on time they'll cover room&board.
    Run the NPC and only select universities where the result is 10k or below. Do so for Beloit, Lawrence, St Olaf, Denison, Dickinson, St Lawrence, Grinnell*, Macalester*, and if you are a girl Mount Holyoke.
    (*= High reach)
    Then, try with Earlham, Luther, Muhlenberg, Albion, Alma.
    You'll need toczdt z wide net.
    Being EFC 0 you should have two free act, two free SAT, and two sessions of SAT subjects. Use them. Some people do better on one form of tests than the others.
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  • OHMomof2OHMomof2 13237 replies247 threads Senior Member
    It could theoretically be accurate if you put in all of the correct information for both parents

    I haven't seen an NPC that lets you put in both (divorced) parents' info except possibly Princeton's. Love to see more of those, if they exist.
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  • ucbalumnusucbalumnus 83893 replies744 threads Senior Member
    OHMomof2 wrote:
    I haven't seen an NPC that lets you put in both (divorced) parents' info except possibly Princeton's. Love to see more of those, if they exist.

    The NPCs based on the College Board template asks for the parents' marital status and ask for parents' combined financials, so someone using them for a divorced parent situation needs to find the financial information for both and add them together.

    Of course, given how many divorced parents hide their financials from each other, getting accurate financial information to put into the NPC can be a difficult task for whoever is using the NPC in this case.
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  • ucbalumnusucbalumnus 83893 replies744 threads Senior Member
    MYOS1634 wrote:
    UMichigan *but DO TRY* because you have a shot. UMichigan will cover full tuition for EFC zero students and if you turn in financial forms on time they'll cover room&board.

    https://finaid.umich.edu/new-undergraduates/ indicates that Michigan requires the CSS Noncustodial Profile.
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  • OHMomof2OHMomof2 13237 replies247 threads Senior Member
    @ucbalumnus The NPCs based on the College Board template asks for the parents' marital status and ask for parents' combined financials, so someone using them for a divorced parent situation needs to find the financial information for both and add them together.

    That's not the same thing. CP and NCP income and assets are treated differently, combining them doesn't deliver the same net price as a wealthier CP/poorer NCP or the reverse. It matters which parent has which resources.

    Hence my request for colleges that ask for each parent's info explicitly.
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  • gmarie1112gmarie1112 42 replies9 threads Junior Member
    I am not interested in liberal arts colleges in rural areas. My parents were never married so I don’t think both parents have to report their finances.
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  • thumper1thumper1 78498 replies3537 threads Senior Member
    My parents were never married so I don’t think both parents have to report their finances.

    I’d check to see if that is accurate.
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  • BelknapPointBelknapPoint 4985 replies19 threads Senior Member
    My parents were never married so I don’t think both parents have to report their finances.

    For schools that use Profile, unless they don't require NCP information, this is not true. The fact that your biological parents were bever married does not absolve one or the other from the responsibility of helping to pay for your college education, in the eyes of the schools.
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  • MYOS1634MYOS1634 43281 replies471 threads Senior Member
    At least run the NPC for colleges not in rural areas (St Olaf, Muhlenberg..)
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  • Mwfan1921Mwfan1921 5523 replies93 threads Senior Member
    As per belknap's post #51, here is a list of schools that use CSS Profile and/or IDOC....there is also a column that denotes if NCP info is required. https://profile.collegeboard.org/profile/ppi/participatingInstitutions.aspx

    As always, verify this information at each school's website or by communicating directly with a finaid representative.
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  • MYOS1634MYOS1634 43281 replies471 threads Senior Member
    ^NEVER assume. Each college calculates differently. You will need to run the NPC on each college.
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  • OHMomof2OHMomof2 13237 replies247 threads Senior Member
    Married or not, you still have that other parent and certain colleges - mainly those in the list above - will want to hear from him/her and if not, why. (Have no idea where s/he is, abusive, other situations vary by school).
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  • BelknapPointBelknapPoint 4985 replies19 threads Senior Member
    edited July 2019
    gmarie1112:

    [quote]I can probably get $2000 from my mom, dad, and grandma.[/quote]

    OHMomof2:

    [quote]Married or not, you still have that other parent and certain colleges - mainly those in the list above - will want to hear from him/her and if not, why. (Have no idea where s/he is, abusive, other situations vary by school).[/quote]

    It sounds like OP's dad is willing and able to contribute something.
    edited July 2019
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  • OHMomof2OHMomof2 13237 replies247 threads Senior Member
    Indeed. So his info will be required by some schools.
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  • thumper1thumper1 78498 replies3537 threads Senior Member
    OHMomof2 wrote: »
    Indeed. So his info will be required by some schools.

    I totally agree!

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  • gmarie1112gmarie1112 42 replies9 threads Junior Member
    I will not be commuting to college. Absolute not happening. I’m assuming by budget you guys are eliminating potential student debt which is nice but almost unavoidable. The schools on my list ( I removed Butler and Marquette) that I have created offer good enough aid that I will not be in too much debt. I want to apply to USciences. They have lowered their tuition to $25,000 so I will see how much the NPC comes to when they update it.
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  • thumper1thumper1 78498 replies3537 threads Senior Member
    you guys are eliminating potential student debt which is nice but almost unavoidable

    Fine...here is your debt limit.

    Freshman- $5500

    Sophomore- $6500

    Junior- $7500

    Senior- $7500

    Those are the amounts you can take without a co-signer. If you need more than that amount in each of those years, will your parents be able to be qualified co-signers for all four years? OR will your parents take out college loans in their name for you? If not, you can’t get additional college loans.
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  • dadof2ddadof2d 276 replies23 threads Junior Member
    Concerning Usciences lowering their tuition to 25k, you still have room and board and books to pay, for a total in the 40k range. Also, it seems when schools "reset" or lower their tuition, it does not necessarily mean a reduction in the net price, unless you are full pay with no merit.
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  • austinmshauriaustinmshauri 10014 replies388 threads Senior Member
    Are you planning to ask your mom to cosign loans that are as much as half her yearly income (if not more)? You can't borrow money on your own. The federal student loan is only ~$5500/year.
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