i am Emancipated how does this affect out of state and financial aid?

<p>Im wanting to apply to Colorado University in Boulder, i reside in Illinois. I am an emancipated minor and have officailly finished the entire court process. I work as a teller at a credit union and will be graduating early in december. i fully support myself other than living with a friend. I’ve heard that being an emancipated minor helps with financial aid and i was wondering if anyone has experience with this or out of state while being emancipated. Thanks!</p>

<p>Public universities usually don’t give much if any aid to OOS students aside from dispensing your Federal aid entitlements such as Pell Grant and Federal Direct Loan. It doesn’t matter if you are dependent or independent. Even if you have a larger ‘need’ because you don’t have to use your parent income for EFC calculations, most colleges just give you a bill and you have to come up with the cost to attend. Plus for OOS college you have to pay the OOS rate, which can be quite high.</p>

<p>They way your situation helps with financial aid is a) you are ‘independent’ status for aid in that you don’t need your parent income to determine if you get federal gift aid, just your own income, b) you can take a larger Federal Loan as an independent student, c) only your income is used for colleges that will give you ‘need’ based aid–but most colleges don’t give much or any need aid and not to out of state students.</p>

<p>So you can get</p>

<p>Pell Grant of up to 5,750
Federal Loan 10,500 for freshman year
possibly some work-study</p>

<p>But the cost of tuition for OOS students is 33k per year, plus you will have room/board, books etc for an estimated Cost of Attendance of almost 50,000 per year (you must also purchase health insurance.)</p>

<p>I’m not sure you would get any need based aid over the federal aid at all. The state has money available but only for instate students. There are a couple scholarships available for freshman OOS applicants for student who meet some requirements for grades and test scores.
<a href=“http://www.colorado.edu/admissions/undergraduate/finances/scholarships”>http://www.colorado.edu/admissions/undergraduate/finances/scholarships&lt;/a&gt;&lt;/p&gt;

<p>If you are free to move to Colorado you might want to check the residency requirements and go work there for a year or whatever it takes to establish residency.</p>

<p>Or you can get help with your situation and alternatives that might be affordable if you tell your gpa and test scores and when you graduate, do you need to be in Colorado, etc.</p>

<p>EDIT: have a 3.25 gpa and a 24 on my ACT. applied to their science and arts. Also im an emancipated minor and filled out the application for early decision if that helps my chances. and i am gradiuating high school early in december</p>

<p>Well it doesn’t look like you are going to get any of those scholarships the typical gpa is much higher. They don’t have ED–they have EA and the deadline was Nov 15</p>

<p><<<
I live in Illinios and am looking to go to CU i have a 3.25 gpa and a 24 on my ACT. </p>

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<p>I highly doubt that UC-Boulder will even come close to give you enough aid. </p>

<p>You will likely only get a Pell Grant and a student loan. How much will you earn for 2014? </p>

<p>Run the Net Price Calculator and copy/paste the results here.</p>

<p>You are out of state for Colorado. This school will not.be affordable.</p>

<p>NCP may not work well for OOSers. I dont know if Colorado asks if you are OOS. I agree the chances of getting full need met is small. Even close to full need met is going to be tough. Also, I thought it was $9500 for direct loans for independent students. </p>

<p>Give it a go, but look for some schools that may be more affordable. Look at some of the smaller directional state schools, ask your GC if there are some schools that give good aid/awards to students with your stats from your school. </p>

<p>^^^ It is $9,500 for an independent freshman.</p>

<p>Yes I was off it is 9,500 freshman year.
<a href=“https://studentaid.ed.gov/types/loans/subsidized-unsubsidized”>https://studentaid.ed.gov/types/loans/subsidized-unsubsidized&lt;/a&gt;&lt;/p&gt;

<p>You need a new plan @ofallon77</p>

<p>My son was accepted to UC-Boulder a few years ago. He had a 33 ACT and a 3.9 GPA. He got a scholarship, but it wasn’t nearly enough to make the school affordable. I agree with those who say you need a new plan. </p>

<p>The other issue is that student income really impacts the EFC for an independent student. If you earned a decent amount of money this year, your EFC may be higher than you might expect.</p>

<p>Checking NPCs is good, and concentrating on lower-cost Illinois public schools is wise. You may want to check the automatic scholarships thread to see if you qualify for any automatic merit scholarships.</p>

<p>Move to colorado. Live her for a year, then go to one of the other schools (Mesa, U Northern Colo) for 2 years and then transfer to Boulder. Boulder is expensive. It’s expensive to live there, expensive to go to school there. Or go to Utah or Wyoming. Both are much cheaper than CU, and it is likely you’d establish residency in either by the second year.</p>

<p>Why not apply to a place like Berea College? That seems more realistic than an OOS school a thousand miles away.</p>

<p>Your best bet if you want to attend CU Boulder is to move to Colorado after you graduate high school, work there for a year, apply to Fall 2016 (or Spring 2016) after you’ve established residency.
Otherwise, it won’t be affordable, since there’s no financial aid for you beside federal loans and Pell, plus work study. You’d be 35,000 short, and there’s no way for you to make up for the shortfall.
Another option for you is to apply to Colorado College. It’s private, so being from Illinois is counted as a plus in your favor, and they meet 100% need. However, with your GPA and test scores, your admission is very unlikely (it’s a highly selective college. In addition, they offer one course at a time, so it’s good if you’re into science, but not so good if you’re studying humanities).</p>