Did your parents just now realize how expensive Vandy is? Is that the problem?
@Dankjewel Vanderbilt is not worth $65,000 a year IF it is a financial burden. You have other choices. It is time to be an adult and realize you dont always get what you want. Go to a value school work hard and take out loans for an elite graduate school. I know young people that went to schools like Vanderbilt and are bartending with loan payments of $500 + a month.
^^^^^^^^ @happymomof1
bingo
@Center
EFC turned out to be 23000. I earn 10000 a year including my 5500 federal loan, so that brings it out to 13000 that my parents need to pay
There are also the factors that might make this moot.
- You dont get accepted EDII
- You package if you do does not meet need. (so you can back out of ED).
Exactly!
How much can you expect to earn a year while away at school? And what about all those incidentals… like books and transportation to and from school?
And your parents do not NEED to pay. They may CHOOSE to pay any, or all of your college education with their money… that’s their decision, not yours.
There’s no way on God’s green earth that my kids would be looking at a school with a $65,000 price tag. That $260,000 in tuition would buy a beautiful house in just about any part of the country… but would come with a 30 year mortgage.
Sorry, you’re not being reasonable.
@bjkmom I currently have about 10000 in possessions.5500 will be covered by the government so that’s 15500 for the first year. I have a job that nets me around 3000 a year. I will still be short of about 13000 dollars though considering my EFC. Give or take 5000 dollars from the equation (Vandy calculator came out as 23000 EFC)
My parents are not even willing to pay that much. They want me to go to UVA, which will cost me more in the short term, (one year according to their calculator adjusted for in-state came out as 30000 EFC, but they accept more ap credits so I only need to pay 75000 dollars in total due to graduating in 3 semesters vs vandy which will cost me 92000 in the long run)
P.S. I am an echols scholar, so I start my major right away without distribution requirements at UVA, which will theoretically allow me to graduate in less than 3 semesters
Again… he who writes the check calls the shots.
And the EFC is not a promise, it’s a prediction. “GIve or take $5000” is an awful lot of money!!!
And once you sell off everything you own, how do you pay for the remainder of your college education? And for transportation? And for textbooks? And for bedding? And for towels? And for all the other things you’ll need?
True, but that goes for UVA as well. He’s literally betting everything on me graduating UVA in 3 semesters, which I feel is even more illogical.
But it’s his money, to spend or not spend.
No, @bjkmom That’s not considering me selling off everything I own. If I truly did that (video games, textbooks, everything), I would at least have 5000 more to my name.
True, but I hope he realizes his actions are putting additional pressure on me (and is a huge gamble in the long term).
@Dankjewel It may be a gamble, but clearly, it is one that they feel more confident taking than committing to pay for Vanderbilt. Adults with some time under their belts get very skilled at risk management/ROI assessment. (Many, not all). It permeates every facet of our lives after a time, from our careers to what house or car we buy, our children’s education, investments, etc. In addition, people often have a natural tendency to either spend or save. If you have a parent who is the latter, then understand that a UVA Echols in hand is worth 20 Vanderbilt “what ifs”. That type of person also tends towards clear wants versus needs logic. You try and foot stomp “I want” with that one and you are just digging a deeper hole.
Also try to acknowledge that you may not be looped in on everything. They could be spooked by the volatility of the market over the last couple of days. Or maybe rumors are going around at work. They have been around long enough to see how radically things can change in 4 years.
I know it can be frustrating but the fact is that they hold the financial cards now so more effort to concede on your part in negotiations/discussions is the hand you have to play right now.
It’s not a terrible thing to have UVA as your less preferred option…don’t underestimate it because it’s a “state school”. Many people would love to settle and have a UVA education provided for them. I can understand the pressure you may feel given the accelerated timeline. However, pressure, timelines, deadlines, performance…those are very real aspects of an independent life and there are valuable lessons to be learned from them.
Try your best to work with your parents rather than against them in this situation. After all, they are offering to help provide you an education and degree from one of the best schools in the country. It may not be your first choice, but you should certainly consider yourself lucky to have it as an option at all. What would your options be without them???
but a 4 year degree… in 1.5 years? That’s bit of an insane expectation. At least I’ll be able to hit on the seniors (!!!)
Do you have to take four years worth of courses in 1.5 years? Or is it less?
I have 60 credits coming into UVA due to AP credits. My plan that my parents wants is as such
3 credits fall semester
17 credits 1st semester
3 credits J term
21 credits 2nd semester
3 credits summer semester
21 credits fall semester
68 credits (double major economics and PPL)
in other words
1 class summer
5 classes 1st semester with a 3 credit course
1 class winter break
7 classes winter semester
1 class summer
7 classes fall semester