Warning! Shameless mom brag coming up. And it may seem weird, because I'm not bragging about an acceptance, but a waitlist. This school took no one from the waitlist last year, and the 10 year avg. is 21 students from a list of 500, so there is very little chance of her getting in, but I am tickled pink that she got waitlisted and not rejected....at AMHERST. Wow.
We also just got the aid pkg. for our state University. I have to look it over carefully this evening. She already has free tuition, and they gave her a few grants I wasn't expecting. She does not want to go there, so I hope when I analyze things, it is not too much cheaper than her first choice, which is twice the cost but gave her a huge scholarship and a pretty darn good grant. I really the private school would be a much better fit for her, too, as it is about 2600 students vs 15,000 students, and it seems to have a very welcoming campus.
Just a quick question....is a perkins loan in the student's name or the parents? State school gave her the standard $5500 in federal loans, but only $266 of that is the subsidized loan. They also have a $1600 Perkins loan on there. The school she wants to attend has only a $3500 subsidized loan and a $1500 Perkins loan. It seems the private school is a much better choice for HER financially....it is me that will have to come up with more money at the private school. Like I said, it's going to take some analysis, because the state school gave her $1800 a year in work study, while the private school is only $1250. To my mind, the smaller amount is a good thing. It's actually less that I will have to pay up front, since it is not *really* taken off tuition; it's more or less spending money. Keep your fingers crossed that the private wins out for us!!!! To me, it seems like a better pkg. overall, albeit more money for me. Since I will be an empty nester, though, I am considering getting a part time job when she leaves, which would help make up the difference.