Post a random thought

[PlayaGroom]

Originally Posted by katmumn

He might be able to get work study, but they don't allow Freshmen to be RAs.



The includes most everything - tuition, room & board, books, transportation, etc.

But still that's a boatload of money. I don't want him to do something that will financially cripple him for the next 20 years.

Oh duh. Probably not to Freshmen. Oops.

A way to look at it, IMO, is that it's an investment. 20 years does sound like a long time, but if interest rates are still good (I don't know what they are for education loans anymore, but when I locked mine they were at 1.2%...).

Originally Posted by Rissask

Hmmm. At first that read as if you thought I was in uni in the 70s, too.
I went from 1989-1993. And yeah, tuition has more than doubled here, but it is still a lot less expensive than going to university in the US I think....I think post secondary school here is somewhat subsidized.






Actually just my student loan was 33,000. Actual total cost for those 5 years would have been a lot higher, as I did have some parental unit help and I did work full time every summer and part-time when school was in session.

But yeah...that is a ton of money. And it took me almost 8 years to fully pay off my loans. It sure is depressing to graduate with a degree but a huge debt to boot...it is why I never went on the sub list back then, I needed to work and make $ to pay off those stupid loans.

What would Manitoba cost him?

Glad you caught that.

I think you're right; post-sec ed is subsidized up there. I don't know if there's any reciprocity for US citizens at all though... There might be, which would make it cheaper.

I'm about the same as you Riss, just under $40K in student loans when I graduated (private school). The rest was random scholarships and grants, then I covered everything else myself with full-time summer jobs and work studies during the year. Parents helped with books or food money occasionally, but nothing really significant.

Originally Posted by TJordan

It is a boatload of money, but if it's the right school for him, then that shouldn't matter.

This is somewhat how I feel as well. I don't think a family should totally be indebted to send a kid to school, but at the same time, a kid needs to feel comfortable and actually want to be there to make it worthwhile.

I made sacrifices to go to where I went to school, but at the same time, the school fit me, had one of the best programs for the degree/program I wanted, and was a well-respected BA degree. I really don't think I would have done well in a large university. I needed the small school.

It's just making sure they want to be there for the right reasons when it becomes harder

[TJordan]

Originally Posted by PlayaGroom

This is somewhat how I feel as well. I don't think a family should totally be indebted to send a kid to school, but at the same time, a kid needs to feel comfortable and actually want to be there to make it worthwhile.

I made sacrifices to go to where I went to school, but at the same time, the school fit me, had one of the best programs for the degree/program I wanted, and was a well-respected BA degree. I really don't think I would have done well in a large university. I needed the small school.

It's just making sure they want to be there for the right reasons when it becomes harder

It's a decision that will affect him for the rest of his life, hopefully in nothing but great ways. If he has $160k in debt, then so be it.

Even though I am sure he would be able to get government grants and stuff, so it wouldn't equal that much, right?

[PlayaGroom]

Originally Posted by TJordan

It's a decision that will affect him for the rest of his life, hopefully in nothing but great ways. If he has $160k in debt, then so be it.

Even though I am sure he would be able to get government grants and stuff, so it wouldn't equal that much, right?

She said he only qualified for $3000 in grants... (don't want this to get too personal, sorry kat )

Like I said TJ, I agree with you to a point, but a family should not have to turn upside down to send a kid to college when there are more sustainable options.

$160,000 over 30 years (the now typical repayment period when you get over 5 digits, from what I understand) adds up to just over $400 a month in repayment...without adding in interest.

[TJordan]

Originally Posted by PlayaGroom

She said he only qualified for $3000 in grants... (don't want this to get too personal, sorry kat )

Like I said TJ, I agree with you to a point, but a family should not have to turn upside down to send a kid to college when there are more sustainable options.

$160,000 over 30 years (the now typical repayment period when you get over 5 digits, from what I understand) adds up to just over $400 a month in repayment...without adding in interest.

Oh it's a lot of money, no doubt.

Idk, its a tough one, if you really want to go to school somewhere, and it would be a good school for your field of choice, then money should not matter. That's my way of thinking.

The key is actually knowing what you want to do, I have friends are over 100k in school debt and don't want to do anything with their degree. THAT is a waste of money

[katmumn]

Originally Posted by PlayaGroom

She said he only qualified for $3000 in grants... (don't want this to get too personal, sorry kat )

Like I said TJ, I agree with you to a point, but a family should not have to turn upside down to send a kid to college when there are more sustainable options.

$160,000 over 30 years (the now typical repayment period when you get over 5 digits, from what I understand) adds up to just over $400 a month in repayment...without adding in interest.

The thing is I'm just not convinced that Purdue is the right school for him. (He hasn't visited yet so I'm still reserving judgement.) If he really truly wanted it, I would try to find a way no matter what but he just doesn't seem that thrilled with it.

Manitoba does have reciprocity with Minnesota so total cost of attendance there is $13000 but no federal grants or loans available I believe. And he should hear from the U of MN in a couple of weeks so we want to wait to hear on that before he decides.

[PlayaGroom]

Originally Posted by katmumn

The thing is I'm just not convinced that Purdue is the right school for him. (He hasn't visited yet so I'm still reserving judgement.) If he really truly wanted it, I would try to find a way no matter what but he just doesn't seem that thrilled with it.

Manitoba does have reciprocity with Minnesota so total cost of attendance there is $13000 but no federal grants or loans available I believe. And he should hear from the U of MN in a couple of weeks so we want to wait to hear on that before he decides.

Has he said why he's so set on Purdue??

Seems kind of early for not having seen the campus in person yet...

[katmumn]

Originally Posted by PlayaGroom

Has he said why he's so set on Purdue??

Seems kind of early for not having seen the campus in person yet...

He applied there because he has a couple of friends that are freshmen there right now.

But the U of MN was his 1st choice, so if that comes through Purdue may move to #2.

[PlayaGroom]

Originally Posted by katmumn

He applied there because he has a couple of friends that are freshmen there right now.

But the U of MN was his 1st choice, so if that comes through Purdue may move to #2.

Well, at least he has good taste in Big 10 schools.

He could be wanting to go to Iowa...



had to TJ...

[katmumn]

Originally Posted by PlayaGroom

Well, at least he has good taste in Big 10 schools.

He could be wanting to go to Iowa...



had to TJ...

Iowa was never even a consideration...not quite sure why. He also applied to the engineering schools at both UW-Madison and UI-Urbana/Champaign but didn't get in due to his grades.

[TJordan]

Originally Posted by katmumn

Iowa was never even a consideration...not quite sure why. He also applied to the engineering schools at both UW-Madison and UI-Urbana/Champaign but didn't get in due to his grades.

Has he thought/tried Iowa State?

Best engineering school in the country there..

[TJordan]

Originally Posted by PlayaGroom

had to TJ...

Heh

It happens, just remember where we were at the end of the football season last year.

[cpfstich]

Heya Randomites

[katmumn]

Originally Posted by TJordan

Has he thought/tried Iowa State?

Best engineering school in the country there..

Not that I know of.

I think he would have to wait and apply as a transfer student at this point. It's getting pretty late.

[TJordan]

Originally Posted by cpfstich

Heya Randomites

Sup dude?

[TJordan]

Originally Posted by katmumn

Not that I know of.

I think he would have to wait and apply as a transfer student at this point. It's getting pretty late.

It would be something for him to look into..

Iowa State is an incredible engineering school, and if that he what he wants to do, it would be worth a shot.