There is a lot to discuss when sharing the nitty gritty of college costs. I expect to break my posts down about this over several days. I even need to check with my daughter on how many credits she took each semester.
First here is a screen shot of the annual expenses for a full time undergraduate student taking 30 hours from the 2015-2016 Common Data Set at the school she is attending.
Living on campus is required at this school the freshman year if the student is under 19.
She is an out of state resident. She did receive a renewable four year scholarship of $14,000 per year. That is equal to $56,000. She also received an art scholarship her freshman year equal to $4500. And because she is an Honors student, she receives $500 per year towards books. Because the way the billing is, the Honors scholarship is really like any other scholarship and reduces tuition costs.
I do want to say that even I see areas where costs could be reduced. But we all make choices for our spending that are not about dollars and cents. I'm not going to go into justifying the decision. We are simply grateful that we have had the ability to pay the costs so far without taking out student loans.
In my next post I will try to break down actual costs for freshman year.
Let's Talk College Costs...Part Two
May 9th, 2017 at 02:26 pm
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My husband transferred 18 months to each of our daughters in February 2015. We have a letter to the VA in writing confirming this. Unfortunately, as we have found out, the VA sends that to EVERY soldier that transfers benefits, they don't look at their individual situation to see if they qualify to transfer the full amount. The next step, when our daughter applied for the benefits transferred to her was for the VA to look closely at my husband's service and determine what her actual benefits were. (Yes, I have a problem with the way this is handled, but I'm not asking for more than the program is intended to provide).
The VA does make monthly payments to the school. If it's a quarterly class, it's three months. If it is a semester that is considered four months. Not sure how summer classes that can range for 3-8 weeks count. The VA will be making monthly payments for housing to us the month after the fact. So if the housing covers September, we receive it in October.
The value of where you go can matter, but it's really hard to explain...again thanks to our congress people! Ugh. Each state is different and there is something called the Yellow Ribbon Program, that will actually benefit my daughter in the state she is in for the out of state tuition, which means no cap on the benefit at this institution. Other institutions do have caps. Go to the VA website to read more about it if you are interested.
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May 10th, 2017 at 04:02 am 1494388944