They take out private loans that someone co-signs for. Plus, often the loan amount cited in articles includes accumulated interest … interest piles up over time.
1 Like
Also, there are three other siblings that need their college costs covered. What about them? Or have they applied to colleges with lower costs.
Also, I’m assuming your ED school meets full need for all. Is that true?
1 Like
Two of my siblings are attending cheaper colleges (though still a bit more than my parents thought they’d be). My other brother is an athlete an likely to get an ok scholarship to go D1.
My ED school meets full need for in-state students, but not OOS as far as I can tell. I’m OOS.
Thinking as if you are an only child only brings resentment towards your siblings. Your parents have 4 kids.
How much money are you contributing?
If the college doesn’t guarantee to meet full need for you as an OOS student…really, all bets are off. Schools that don’t make this guarantee very often don’t meet full need. And getting them to budge can be difficult.
4 Likes
No, no, no!! I didn’t mean it that way at all. My siblings and I are incredibly close. I was simply explaining a bit on why colleges may have made the financial decisions they did.
Can you clarify your question on how much I’m contributing? Are you asking how much debt I’d be willing to take on? I’m confused.
You do need to be proactive, starting with understanding why the aid package is double the NPC results…did you keep a copy of the NPC estimate?
You can make that call on your own to talk with FA, but having at least one parent on would be helpful.
Do you have any affordable school acceptances so far?
Wouldn’t this brother already know his scholarship amount, assuming it’s for this fall?
2 Likes
I do not have a copy of NPC, my dad ran it and told me not to worry about it.
I have a handful of acceptances to good affordable schools so I have plenty of options if needed. I just like my ED school best.
He’s a winter athlete and still mid season so he still has handful of coaches scouting and whatnot. He’s knows where he wants to go, but they’re still working on finances.
4 Likes
Does your dad have it? If not, run it again with your dad and see what comes up.
1 Like
I’m glad you have some affordable acceptances. Hopefully your dad kept a copy of the NPC results or can re-engineer the results he received a few months ago. Sounds like he is going to need to be on the phone call with FA if you weren’t involved with running the NPC and/or completing the CSS Profile.
2 Likes
So my two concerns are
-
It’s an OOS public that does not guarantee to meet need. In fact they specifically state you can get up to 25% COA. So given a $64k direct cost, is the amount about $16k ? That would be the most.
-
Yes people graduate $100k in debt and no, it should not be a consideration. No school is that important that it’s worth strangling yourself.
There’s already tons of kids on here struggling or even leaving their dream schools.
So that’s not a dream school if your family cannot afford it.
You have other options and still have time to secure more.
Many inexpensive schools will roll out the welcome mat for you.
2 Likes
The CSS Profile has a section for special circumstances. Even though the FAFSA may not continue to consider siblings in college at the same time, quadruplets are indeed a special circumstance. For one thing that means all 4 could be in college at the same time for all 4 years, a situation mostly unique to quadruplets.
@Winsto7 make sure you (or your Dad) talk to a person with authority at financial aid, not a student or assistant. There might be a financial aid officer assigned to your state and area.
Do not take on debt! Our limit was $10k.Debt can have wide-ranging effects on your life for decades going forward unless it is quickly manageable to pay off.
A couple of us have worked with this student on essays. He will make this work out and has a great attitude about getting the most out of whatever school is affordable. But it is wise to explore these questions fully in order to cancel the ED and feel sure about the eventual choice.
6 Likes
Likely not. Unfortunately, you’re not in a position to negotiate.
The challenge is that dad is self employed and has his own law firm. The net price calculator is not going to be accurate for this situation
University of Richmond only meets 100% demonstrated need for students who are Virginia resident, graduate HS in Virginia and make less than 60K/year fortunately OP is none of those things.
I is my hope that Op has used a bottoms up approach and has some affordable options on deck as there are some great schools in Ohio. Since your parents have to pay for 4 children, no matter how you slice it, they will be paying a lot of money for college.
1 Like
Actually University of Richmond is need blind and meets 100% need for domestic students. The program you referenced is Richmond’s Promise to Virginia which gives a full ride to admitted students from VA who meet the income requirements.
1 Like
Where does it say this student is talking about Richmond?
Regardless he clearly states his school does not meet full need for OOS students and they didn’t.
2 Likes
According to OP’s other thread the school is William and Mary. Meets full need for VA residents, and does not meet full need for OOS/int’l applicants
OP did say they have some affordable acceptances.
3 Likes
Not sure why Sybbie’s post included that about UR, but I wanted to correct the misinformation nonetheless.
3 Likes
@Winsto7 a plus about the Ohio publics is they freeze costs for all four years.
He’s got some great options already -
He’ll be fine. And he has more apps out.
W&M only meets up to 25% of COA for OOS - per their website.
1 Like