Correct, the $71K is locked in for all four years. The only variable that could change are grants funds, as determined by annual fluctuations in your FAFSA and/or CSS profile.
If you don’t select the guaranteed option, then you are subject to whatever year over year tuition increases may occur as set by the board of regents each year.
Ok this makes sense, thanks.
We are frustrated by the $7K jump this year. We were expecting like $3K more to guarantee, not $7K.
My daughter has gotten a pretty generous amount of scholarship and grant money, but that extra $7K is tough to take.
The GTO is only available their freshman year?
What is everyone thinking of doing?
If my daughter had received an extra $5K a year it would make all the difference.
I think I heard that it is available every year, but at the new lock in rate. We’re not sure what to do!
I did the math both ways, one guaranteed and one using the estimated tuition increases over the next 4 years. The guaranteed tuition option for us is less expensive over 4 years. However, the yearly cost is initially worse for us given our tax situation and other factors.
Same. We are not sure what to do either.
The guaranteed tuition option is so much that we are actually seriously considering her other top choice school. It puts them pretty close together financially.
My daughter is a bear! Good luck to all those still deciding.
Congrats!
Thank you!