Thank you for this - will do!
I agree with another poster who said UIUC Gies will be a reach (he should also ask his HS counselor what they think. SchooLinks scattergrams wonât help because they donât show data by school within UIUC.) I would encourage your S to consider applying to DGS as his second major, and then to try to get into Gies from DGS. If he chooses/is accepted to a major outside of Gies (not DGS, say Econ for example) it will be nearly impossible to transfer into Gies.
DePaul would be an academic safety, has strong business offerings, and could get to your price point. I second Iowa. Both of those schools will have relatively fewer affluent students and have less of a focus on Greek Life than Miami U. Also, second U Cincinnati, adding U Dayton and SLU.
Thatâs up to the parents and student to decide. Would any cost over $35K be funded with parental loans, impact retirement plan savings, etc?
Expect to pay full price at Michigan, Wash U, and Richmond (assuming your take on not qualifying for need based aid is accurate, so run the NPCs to be sure.) IU is an academic safety, but not sure how much merit he would get there, if any. Heâll probably get some merit at Minn, but getting to $35K not likely.
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My son, who has a 3.8 UW + 33ACT, was awarded $10,000 per year in merit at Minnesota OOS. That would get you to about $45k
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According to Miami website weighted GPA of 4.3 says OOS students are eligible for scholarships STARTING at 15K per year. My D21 got a 38K a year merit scholarship.
Also keep in mind Miami tuition room and board will stay the same throughout all four years. No 3-5% increases every year.
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Thank you! Updated
Wow --thanks for posting this info! And thatâs awesome
She had higher stats than OP with 4.0Uw and 35 Act. But I shared because the maximum merit award is not 15k OOS merit but rather it starts at 15k for kids with weighted GPA higher than 4.3.
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Thatâs the weighted GPA my daughter currently has (sophomore year). Weâll have a more realistic view during/after Junior year.
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I agree, youâd be full pay at Madison most likely. Only 5% are offered any kind of merit, and many of those are very niche awards.
May be hard to get Minnesota to 35K out of state. With max merit (which is competitive in Carlson, CBS and CSE especially) I think you may be at about 40K.
If heâs interested in Chicago, DePaul and Loyola can be generous with merit. I have a kid at DePaul who got a great merit package and we are below 35K.
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Depends on so many factors. âpay more if warrantedâ- does that mean giving up a ski vacation and eating out less (which personally I would do- and DID do, for a better âfitâ for each kid) or donating a kidney? âmakes sense to do soâ- do you have reasonable job security, life insurance, two employed adults both paying in the max to their retirement accounts- in which case- yes, it can make sense. But not if paying more risks your own financial security.
Etc.
I think the intangible is about your kid and not the college. Is this a kid that takes advantage of the opportunities that come down the pike- or a kid who is likely to play it safe, never venture outside the comfort zone, push push push or not? Is this a kid who thrives on rigor and challenge and being surrounded by high performers, or a kid who gets deflated with competition or gets derailed by getting a B (or a C).
You probably know your kid. So the combination of your own financial security plus your knowledge of the kind of student (voracious or just getting the ticket punched) will yield the answer on âpay more if warrantedâ.
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Miami is a great - âcould getâ but when itâs starting at $15K, you canât assume more.
So it goes in the âpossibleâ bucket but you still need that assured safety - both admission and cost - and Miami isnât that.
My kid got $2K over the âstarting atâ and I remember on the thread everyone got similar. I forget the #s her year but I think it was - starting at $21K and it seemed like 90% of the posters got $23K.
So definitely a possibility - but if the budget is hard and fast, they need âsafer.â
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We are able to pay more, if needed. We have been prudent with retirement savings, 529 plans and investment savings. I just donât think it makes sense to pay more than necessary for a quality education. UIUC and Miami Ohio are the two benchmarks for undergraduate business school quality / cost. My son likes both, so all other schools he is considering are being weighed against these two. He knows UIUCâs business school is quite competitive - particularly for students from Chicago - but Miami seems to be a great fit. Hoping merit will make it a decent value - he will add a few safeties to have comparison offers to measure against and negotiate as needed. (We donât expect any merit from UIUC.)
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And if you choose to stretch if needed, then itâs great.
But if youâd rather not stretch, if itâs required for Miami, there are alternatives that will meet budget that are equally as solid.
Itâs just a family choice as to whether youâd want to pursue one or not.
The way to keep options open is to apply to schools that will meet cost so that when you see where a Miami or UIUC end up, if itâs not palatable, youâre not dead in the water.
That might mean going South (Bama, Ole Miss, Miss State, UAH, Florida State), more East (SUNY, URI), or deeper into the Midwest - the Kansas schools, Mizzou, Nebraska. Donât forget Louisville is an ACC school - its rep is growing and also WvU. Ohio U is another fine school - not quite the stature of Miami but similar in size, well reputed, and with merit. And Purdue is another - a bit over budget but small possibility of merit.
Thereâs also fine regionals from a Southern Illinois to Murray State types.
Bottom line - nothing wrong with your plan but merit will still be unknown at Miami and admission will be unknown at UIUC.
Keep your options open by having a few automerit options where you know your price up front. This way when the time comes and you decide you have to write a check bigger than you wanted and it just hits you and youâre like oh crap - then you are covered. And if you decide to splurge, then no harm. You had a few affordable acceptances you declined.
Good luck.
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Thank you for this!
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Others have presented a lot of the public school options, but since your kid has liked schools at a variety of sizes, some other ones that he may want to check out include:
- U. of Dayton (OH) (seconding this)
- Marquette (WI)
- Creighton (NE)
- John Carroll (OH)
- Saint Louis (MO)âŠseconding
Perhaps a bit more challenging, though probably not impossible, to get to $35k would be Butler (IN).
U. of Nebraska would almost be a guaranteed in-budget option (seconding this public).
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However, the higher amount needed to make the budget limit cannot be relied on to make it a safety.
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