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Cannot afford the college ? What to do now ?

psufangpsufang Registered Users Posts: 12 College Search & Selection Champion
I was accepted to Penn State but I can't afford it. Yes, I am in-state. Are there any colleges with a late deadline ?

Intended major: engineering, business, physics or pure math(currently undecided)

FAFSA EFC is 1k but AFC is around 8k.

Is it too late to apply to Iowa State or University at Buffalo ?
Post edited by psufang on
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Replies to: Cannot afford the college ? What to do now ?

  • Luv4ChocoLuv4Choco Registered Users Posts: 13 Harvard Champion
    edited May 2013
    Have you looked into work study?
  • psufangpsufang Registered Users Posts: 12 College Search & Selection Champion
    edited May 2013
    Still can't afford it.
  • bclintonkbclintonk Registered Users Posts: 48
    edited May 2013
    NACAC maintains an up-to-date list of colleges indicating they still have "space available" and "financial aid available":

    Space Availability Survey Results 2013

    There are some pretty decent engineering schools on that list including Arizona, Arizona State, Kansas, Drexel, Illinois Institute of Technology, Valparaiso, Michigan Tech, and Kettering. Not sure how much FA will be available at any of these schools or others on the list, though, especially for OOS students at the publics.
  • BobWallaceBobWallace Registered Users Posts: 66
    edited May 2013
    It's not clear that an OOS public is going to be cheaper than PSU - probably more expensive.
  • 2bizee2bizee Registered Users Posts: 1
    edited May 2013
    Community college for a year or two. That's it.
  • ofmunstersandmenofmunstersandmen Registered Users Posts: 6 Harvard Champion
    edited May 2013
    Take a gap year! Then apply next year
  • happymomof1happymomof1 Registered Users Posts: 100
    edited May 2013
    "FAFSA EFC is 1k but AFC is around 8k."

    An EFC of 1k qualifies you for some Pell money. What does your aid package from Penn State indicate for the Pell?

    Does your AFC estimate include the maximum federal loan of $5,500 for your freshman year?

    Get us some more numbers, and maybe we can point you somewhere that is not your local community college.

    There are a number of threads on guaranteed merit-based aid in the Financial Aid Forum. Go there, scroll down, and start reading. Depending on your GPA and ACT/SAT test scores, there might be a place out there that would be in your budget. If you find one, pick up the phone, call the admissions office, and ask if they are still taking applications for the fall. If none are, consider taking a year off to work, save money, think through the various majors you have on your list, and put together a list of affordable colleges and universities to apply to for the fall of 2015.

    Wishing you all the best!
  • psufangpsufang Registered Users Posts: 12 College Search & Selection Champion
    edited May 2013
    Thanks for the reply. I don't qualify for any merit.

    NO, that does not include any loans. Actual Family Contribution of 8000 is out of pocket contribution. Got 5500 in loans(sub and un-sub), 4500 Pell, 4000 state grant.
    8k+4.5k+4k+5.5k=22k
    29k-22k= 7k

    I still need 7k more.

    Wish I was living in New Jersey. Rutgers is only 25k. Virginia Tech is only 18k. Even universities in California and Illinois are cheaper.

    Pennsylvania blows...
  • XtremePowerXtremePower Registered Users Posts: 69
    edited May 2013
    Iowa State is 4k more expensive than PSU, so that's out of question.
    University of Buffalo costs the same as Penn State, maybe even higher if we add the transportation cost.

    I don't think any OOS publics are cheaper than PSU in-state except colleges like University of South Dakota, University of Toledo etc. which are not even close to the academic level of PSU. You can look at South Dakota school of Mines if you want. Although, it has a very high acceptance rate, the average SAT R+M is 1200.

    Here are your four options:
    1. Attend CC
    2. Attend South Dakota School of Mines
    3. Take parent plus loan and attend PSU (work in summer, don't let the interest accumulate)
    4. Take a gap year
  • ucbalumnusucbalumnus Registered Users Posts: 296
    edited May 2013
    South Dakota State is even cheaper than South Dakota Mines and has engineering majors.

    Yes, Penn State is one of the worst state flagships for in-state financial aid.

    If you do a gap year, would your stats come up with a big merit scholarship from the list of http://talk.collegeconfidential.com/financial-aid-scholarships/1348012-automatic-full-tuition-full-ride-scholarships-18.html#post15895768 ?
  • dougiexfreshdougiexfresh Registered Users Posts: 3 College Search & Selection Champion
    edited May 2013
    Come to Eastern New Mexico U lol. Im going to need some support being that I think I'll be the most "disliked" freshman on campus lol.
  • kidzncatzkidzncatz Registered Users Posts: 1 Harvard Champion
    edited May 2013
    How about starting at one of the branch campuses of Penn State, then transferring to the main campus junior year? The branch campuses are about $2500 less per year in tuition, and depending on where you live, you may be able to live at home for 2 years.
  • happymomof1happymomof1 Registered Users Posts: 100
    edited May 2013
    Penn State has gapped your family $7,000. If your family qualifies for $4,000 in Pell grants, then it is almost certain that your family will not have the economic wherewithal to pay down any PLUS loans. Penn State is unaffordable. Period.

    The Pell and federal loans are yours wherever you would study in the US. Would that state grant be available at a branch campus or PA community college? If you attend one of the branch campuses or a community college in PA for two years before transferring, and if your family can save their full contribution (and then some) each year so that money would be available when you get to your junior and senior year, then Penn State for the last two years might be affordable. If that is something that your family cannot pull off, then take a gap year and make a new list. Nowhere is it written that you MUST be in college this fall.
  • BobWallaceBobWallace Registered Users Posts: 66
    edited May 2013
    From the list linked above, East Stroudsburg, Slippery Rock, and Edinboro are all still accepting fall applications.
  • CreeklandCreekland Registered Users Posts: 23
    edited May 2013
    I fully agree with gap year or local branch of Penn St. Penn St may save your acceptance if you ask them thinking of gap year or you could choose to reapply trying to focus on schools which meet need (those aren't super common, but there are some). Penn St is notoriously NOT one of those.
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