We do not qualify for any financial aid since I own too much stock. Out of state costs for University of Oregon are $50K per year. Since I am not willing to pay that amount which would postpone my retirement for several years, are scholarships the only other way to get a reduction in costs?
Well…the best scholarships come directly from the colleges to which you are admitted. BUT if you have been admits to Oregon as an OOS student…I wouldn’t expect them to give you a ton of merit aid.
The best way to reduce your cost is to apply to colleges within your price point. University of Oregon, at $50,000 a year, sounds like it’s unaffordable.
http://talk.collegeconfidential.com/financial-aid-scholarships/1915697-financial-aid.html#latest
This is your older thread. You never answered the question about income…is it lower than $50,000 a year?
If you know that you are not eligible for need based aid, and your child does not throw long, have a good rushing game, does nothing but net from the top of the key, or is a world class track and field person (in other words, you child is not a Div i recruited athlete) then you need to let your child know, how much you are willing to pay.
As @thumper1 says, then your child needs to look for scholarship (best ones coming from the school to help bring the cost down). You should be looking with him/her. Don’t have them doing all of this legwork for if you are not willing to pay the balance.
If all you intend to pay is no more that the cost of tuition at the local college while kiddo lives at home, s/he needs to know that now. This way they can look at schools that will not cost more than the budget.
So far it looks like Oregon is not a financially feasible option because you are not willing to pay the OOS cost.
Why Uni of Oregon as OOS?
Pick an instate school, as kid doesn’t have great stats that bring in merit, look at your local CC options with an eye to a later transfer. No one has to pay this kind of money. Are you a non custodial parent? Who is helping craft the list of school your kid applied to? What are his stats and what is the home state?
Did the student apply to schools where they would get enough merit?
“The best way to reduce your cost is to apply to colleges within your price point.”
“Why Uni of Oregon as OOS?”
Exactly what I am thinking. I understand why someone might want to go to U.Oregon. I don’t understand why anyone would pay $50k per year to go there unless they are wealthy enough that $50k per year for 4 or 5 years just doesn’t matter to them. There are less expensive choices that are just as good and just as easy to get into. There are even some that are just as rainy in the winter.
Exactly. If U of OR is out of your budget, kiss it good-bye and move on.
If your money in the market is intended for retirement, consult with a financial advisor about converting some of it into annuities. Those would be classified as retirement accounts, and thus invisible to FAFSA.
Before my D put schools on the list to be applied, we went through the NPC of all potential schools first. There is no point to apply to a school that you are not willing to pay the price they ask for.
You don’t pay taxes in Oregon, therefore you are expected to pay full OOS cots. That’s why there are OOS costs.
If you didn’t want to pay the cost, why did you have your child apply there?
since I own too much stock<<<<<<<<
And who know, by the end of the week, what this will look like. .
And you knew about your stock/asset issue when you started the thread linked in my post 1 response.
You also started a thread asking if colleges got full tuition even when federal aid was given. Were you hoping the balance of your bill would be waived? It won’t be.
What’s your budget? Does your child know what the budget is? Have you run the NPC on all his/her choices?
Has your child already applied to UOregon? Where else has s/he applied?