I know it’s kind of late to be asking but does anyone know of any scholarships that I could get for having a 34 on the ACT. By this I don’t mean colleges that offer full rides or anything because I have obviously already applied to my colleges. The ones that I have gotten accepted to have not offered me as much money as I thought they would so I’m really scrambling to get some money. So, any scholarships you know of?
What is the COA? What is your EFC? How much can your parents pay? What grant/gift aid did the college give you?
I want to go to the University of Illinois(Urbana-Champaign) which out of state is about $50000. Family salary is about $110000 and EFC is $20000. Mom says she only wants to pay $5000 because she is going to be “supporting me throughout college”. But I would like to get $10000 from her. Illinois offered me $0 in scholarships and gift aid so far.
Adding on to Madison85’s questions, about how much do you need to raise? For four years?
Although this is just from my personal experiences/research from this year as a first-year applicant, the majority of deadlines for scholarships that would care about your scores (ACT, grades, etc) have passed. Most of the ones that remain are essay scholarships-- small (generally $500-$1000 or so) non-renewable grants based only on essay responses-- if those are of interest.
I think I would like to limit loans to $20,000 a year so if I get my mom to pay $10,000 I would need to raise $20,000. I’ve applied to many scholarships that I’m still waiting to hear back from so I have no idea where I am in raising that $20,000.
When I went and visited there, the computer science(my major) kids said that they make about $15,000 from an internship at a tech company each summer. That would be awesome. Also the median salary of graduated computer science majors was $90,000. So I’m not really worried about paying for college after I graduate but getting through college is going to be the hard part. Obviously I still want to get as much scholarship money as possible because that’s money in my pocket.
Do you not have an affordable instate option? UIUC is a great school. But it is costly…and aid for OOS students is limited.
Any larger outside scholarships would have had much earlier deadlines.
Do you have an affordable acceptance in your mix?
First, it is very late for scholarships.
Second, ACT 34 is not likely to get you any significant external scholarships.
Third, most external scholarships are small and non-renewable.
Fourth, you do have a big gap to fill and I don’t see how would that be possible with external scholarships.
Fifth, UIUC is known for very poor financial aids particularly for OOS students.
Sixth, it seems you cannot afford UIUC and you should have found it out from NPC in the beginning unless you are expecting some merit aid.
My D (also OOS) was hoping to get some merit aid from UIUC last year with very strong credential but she ended up getting less than $2000 in grant from them.
Yeah, OSU and Miami University accepted me but UIUC is just on a different level when it comes to computer science. I know UIUC is going to be able to challenge me and also I loved the feel of the college when I visited.
You can only borrow $5500 as a freshman, $6500 as a soph, and $7500 each year as a junior and senior.
If your mom’s going to give you $5k, then with the $5500 federal student loan you’ll have just over $10k/year. I don’t think there are enough external scholarships to fill a $40k/year gap. Where else have you been accepted?
Ypu will be sufficiently challenged at OSU whichnis a major research, flagship university, not all that different from UIUC.
Miami Ohio is an excellent smaller public university, with a very solid academic reputation.
If you didn’t think these schools would work, why did you apply to them?
They will work. If you are instate for Ohio, they are a terrific bargain compared to UIUC.
UIUC will on,y work if someone can pay the bills for you to attend.
Isn’t that $5,500 just from the government though? Can’t I just borrow more from other places? Is it possible to literally not be able to pay for college or can you just always get enough loans? Sorry for all the questions but I’m so confused by all this.
I hope nobody takes this the wrong way but the college I want to attend is not the question here.
You can get the $5500 Direct loan in your name (the student) only. Any loans above that amount would either need to be taken out or cosigned by your parents. They could take a Parent Plus Loan…or get a private Sallie Mae Loan. Are they willing to do this…and will they qualify for these loans for all four years?
You are looking at a huge amount of debt for undergrad school…$100,000 or so. In my opinion, that is too much debt. You can take a total of $28,000 over the four years in Direct Loans. Your parents would have to be in the mix for additional loans.
So…you need to discuss this college funding with your family to see IF they are willing to take or cosign the additional loans you need.
Where is your collateral? As a student you can only borrow the amounts listed in post #8. Anything else will have to be cosigned by your parents or their debt through a parents plus loan.
The question is how you will pay for it. If you can’t, then the college you want to attend will not be a reality and the college you CAN attend will be the question. We’re just trying to help you with the reality.
No, you can’t borrow more than that by yourself. Your parents would have to (naively) qualify and cosign for those additional loans.
Since most sane people will not cosign such loans, it’s doubtful that your parents will do so.
NO BANK or entity is going to lend you that money. If you don’t believe us…just call around and ask. They will quickly tell you that you’ll need a qualified cosigner to cosign every year.
Your parents would have to be total idiots to cosign for a variety of reasons…one being too much debt. Secondly, it’s doubtful that you’d find that other $20k per year, so soon you’d need to borrow $40k per year. After the first loan or two, your parents might be told that they can no longer qualify for that much debt…so then you all would be stuck with $80k of debt and NO DEGREE.
the college you want to attend may not be part of YOUR intended question, but because you’re rather clueless about paying for college, it really is.
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Is it possible to literally not be able to pay for college or can you just always get enough loans?
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absolutely it is OFTEN not possible to pay for a pricey college. and, no, you can’t usually get enough loans. I hope that you’re parents aren’t naive, because if they were to cosign those loans every year, it would be one of the worst things a parent could do.
You can’t afford UIUC.
Um, yes it is, because currently its unaffordable. You can try to request a reconsideration and show them the competing merit offers, but aside from that, its too late to look for scholarship, especially big ones like you are dreaming for.
How much will your instate choices cost you and your family? Please provide a detailed response.
What are the job and internship prospects at the school you want to attend as opposed to what you can afford. Are companies actively recruiting where you want to go with high paying money, more so than other places?
Couple of things, just because you love CS now does not mean you still will in 4 years. Even assuming you do, job prospects may be better or worse than they are now whatever school you go to. Markets get flooded with people jobs go overseas. I do not know the market for CS but there is no guarantee you can pay it back or the difference may be not important.
UIUC has excellent national recruiting from tech and other companies and students there will be up for jobs with high salaries in general. But you have to get through the program, not drop out because it is hard, qualify for loans every year and not drop out due to lack of funds, and then be a good interviewee as they are selective to get one of the higher paying jobs. And Ohio State will have good recruiting too and tech jobs for CS people, at least now, are pretty good.
OP no one lends students money except the Fed. After that it is a parent loan or parent cosigner.
Student Federal Direct Loan
freshman 5,500
sophomore 6,500
jr 7,500
sr 7,500
And even at UIUC you are not going to get summer internship that pays that much after freshman year. Maybe sophomore year if you are lucky, jr year is a good chance.
You just didn’t plan the financial aspects out. OOS schools that doesn’t give much or any aid are not good targets for people with a parent contribution of 5 to 10k. Your should have been hustling for scholarships last year, it is pretty much too late now.