Kool said:
daniel00 said:
Thanks for the continued replies! Opening up some new schools for consideration.
We are doing an official visit at A&M and the engineering school in early April. That may change my son's perspective some as he has never been in the academic buildings and classrooms. I'm not sure how he will feel about how big it is and how you pretty much are just a face in the crowd. Everyone is different in how they respond to such a big setting.
khkman22- you are correct about OU not really being full scholarship. I must have misread something. Thanks for highlighting that!
Congrats on the likely NMF/NMS status. How far would your son be willing to look? My son is a NMF senior now. You'll get tons of stuff in your mailbox. It seems an odd thing in that a lot of the most selective schools don't seem to care all that much or make that much of an offer, while others do. USC (the real one, not South Carolina) offers 50% off of tuition. Still expensive, but that's pretty nice. Vanderbilt offers at least $6,000/year for NFM status. OU, Tulsa, the Mississippi schools and Alabama offer very generous scholarships. For in-state, Florida schools offer essentially full tuition, but I don't know what they do for out-of-state kids, if anything, for NMF status. All the best.
I would caution parents about what is advertised and what is actually true for private schools. Vanderbilt states $6,000, but they also expect a certain amount to be contributed from each student. I was told my kid would be expected to contribute $2,300, and in doing so, that would reduce the NMF award to $3,700 since they are calculating what the overall family contribution should be. I did not ask any more than that, but if they are the same as Notre Dame, if you receive too much in outside scholarships after your family contribution has been determined, the school will then decrease their contribution to the student so that the family contribution ends up being the same amount.
For instance, Notre Dame presented us with a number broken down into University Aid, an additional University Scholarship, federal loan, and work study. The federal loan and work study total was an estimated $5,400/year. I asked about additional scholarships after reading something on their financial aid page and was told my kid could earn $5,450 in outside scholarships before they would reduce University Aid. So if my kid got a federal loan and did work study in addition to receiving scholarships, then I would still end up paying the same amount out of pocket because Notre Dame would just reduce their aid.
The main thing about this is knowing if there is any point in your kid applying for local/outside scholarships if they are 100% certain they are going to a specific private school. If that is true and known far enough in advance, I would contact the financial aid department the school they plan to attend and ask how much, if any, outside scholarships can be applied without reducing the school's contribution. If any amount earned in scholarships reduces the school's contribution by the same amount, leaving the family's out-of-pocket contribution the same, there is no point in wasting time applying for any scholarships.