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College Decisions?

March 23rd, 2008 at 01:00 am

Ok, so as I am a senior, college is right around the corner. I am basically considering 3 schools right now. The first college I am considering is about two hours away from home, making it far enough to give me space from my family but still close enough to come back and see them. College 2 and 3 are both located about 1500 miles away in Salt Lake City utah. Although the distance is a considerable distance from home, both colleges have 30 minute access to the best skiing on the planet, which is a major plus for me. The negative of colleges 2 and 3 is that I would also be 1500 miles away from my current gf of nearly 4 years who is attending a college very close to college 1. Now here is where it gets even more confusing. College 1, which is currently my favored choice, has offered me a scholarship package that would make the cost of attending about $15,000 per year (that includes room and board). I won't hear back from college 2 until first week of april about scholarships and their current package would make it about $18,000 a year to attend. College 3 is the least favorite of the three and is much bigger, however, they have just offered me a full tuition scholarship. Because of the scholarship, it will only cost $6,500 to cover room and board. My current plan is to wait on college 2's scholarships and then go to college 1 and ask if they will match or make an offer to counter the best scholarship I will have by then, whether it is from college 2 or 3. Oh and here is the other kicker to make it even a littl more confusing. Because I allready have so much college credit racked up I will likely be able to graduate in 2.5-3 years max, which will reduce college cost. Also, I have about $80,000 in inheritance. I know that reducing costs is very important, but at the same time it isn't exactly THE MOST IMPORTANT as all of the colleges tuition is relatively affordable for me. What do you guys think. My brain is about to explode!

11 Responses to “College Decisions?”

  1. thriftorama Says:
    1206238147

    Take the full scholarship. Starting your adult life with student loans is a real hardship. They can really limit your options as far as jobs and internships.

  2. debtfreeme Says:
    1206243410

    if i had to do it again i would choose the college that gave me the best scholarships and grants and had the best program for what i wanted to study. but mostly the best financial aid.

    atarting out in life with student loans or much debt is a bad idea. best of luck with your decision.

  3. Broken Arrow Says:
    1206253837

    If I had to do it all over again, I would do absolutely everything I can to minimize student loans. They've been a bane to my financial life, which of course trickles down to just about everything else in my everyday life.

    Hang in there! You're doing good!

  4. sillyoleme Says:
    1206275175

    Hi there, I just graduated college, and I went in with a similar situation. I had some college credits when I started, and even with two major and a minor, I was able to graduate in 3 1/2 years. What I would tell you is this, as long as all three colleges are "respected", meaning someone in another state would recognize them as a quality institute, I would go with whichever offered the best financial package. I used to really stress about going to an Ivy League school or making sure I had between a 3.5 and 4.0 GPA, but since graduating and job searching, I can honestly say that I have not been asked ONCE in an interview what my GPA was. I guess they just assume that if you have two major and graduated early, you were worth it.

    I was offered a full-tuition scholarship to a large university in my home state, about an hour from home. I also had a scholarship from a program I had completed in high school that covered all my other expenses, even giving me a check back every semester as extra. Now, as the years continued and tuition increased, I had very little extra back, but at least tuition was covered. Looking back, I am so glad I decided to attend this university, because there are so many other expenses that go along with college!

    For me, I was completely independent, so I had to pay for rent, utilities, books, meals, towing bills (it happens alot on that campus lol), and any emergency medical expenses, etc. If you'll notice my blog, that's where I racked up most of my credit card balance. I worked 30 hours a week while taking 18 hours of classes, but it still wasn't enough to cover everything.

    So if they offer what you want to major in, and you feel like the name of the institute itself will read well on a resume, I would go with them! Happy Easter, and good luck!

  5. Amber Says:
    1206277736

    I would take the full scholarship. If I could do it over I woul work my butt off in high school vs being most popular and get a scholarship
    Good luck but take the full ride it will be well worth it in the end

  6. fern Says:
    1206279209

    You've given lots of reasons to attend one college or another, being close to your girlfriend, being close to home. But you haven't said anything about whether the school has a strong curriculum in the subject area you're interested in, how the school ranks and its general reputation.

    I wouldn't base my decisions to attend a school based on proximity to friends or family. The fact that they're all offering scholarships to one degree or another is great, but choose the school that you believe can do the best in helping you launch your career after graduation.

  7. monkeymama Says:
    1206284107

    I don't know, frankly I'd lean towards #1. I was on my own for college and didn't rack up any debt. You only have 2-3 years and an inheritance so I think you don't have a lot of the same concerns as the rest of the posters. Likewise, a little debt if you are going to make some good money out of school, is not a big deal. You will make big bucks as an actuary. (I am not a big fan of paying much for school,at all, but sounds reasonable and within your means).

    Likewise, if it is the best school, close to your family, and your gf, sounds like the best bet to me.

    The school you go to in year 1 is not the school you are locked into for your entire college career. Likewise, the story I am used to hearing is that going far away to college was too much. I think it is safer to stick close to home. You certainly have the means.

    As far as being an actuary (my SIL is one) it doesn't strike me that the school you go to really matters. As long as it has a strong math program.

    My perspective. But only you will know what is best for YOU. Good Luck!!!

  8. jc3900 Says:
    1206285925

    Well, the big pull that colleges 2 and 3 have with me are the skiing honestly. I am a full blown outdoors man and love the mountains and everything that has to go with them. However, college 1 is on a trimester schedule, so I could take off a trimester during the winter and get my "fix". Because the cost is not terrible for all the colleges, I am still favoring college 1. Hopefully college 1 will match the offer from college 3 or give me another offer. It just feels kind of wierd turning down a full tuition scholarship.

  9. luxlivingfrugalis Says:
    1206742266

    Ehhh, with the money you save by staying close to home can't you take a couple of ski trips a year?

  10. noppenbd Says:
    1208806425

    Your choice should be based on a few things, cost is only one factor. You need to look at the quality of the education you are receiving. After all, isn't that what you are paying for? You also need to look at whether the school is a good fit for you. Are you going to feel overwhelmed and "like a number" at the large school, or will you welcome the opportunities that a large school can offer (more extracurricular activities, more research programs, etc). Also, have you visited all the schools to get a feel for whether you would enjoy it there? After the above are considered, I would include the cost.

    Do NOT base your choice on the closest ski resort. You will regret it.

  11. Swimgirl Says:
    1211243379

    Just for now, forget about the scholarships. It sounds like you are getting a good deal at all three. (My husband had over $60,000 in student loans from grad school and we paid it off early because we REALLY wanted to. You can do that, too. It wasn't that hard, just took a little persistence!)

    Go to the place that will make you happy. If being near gf, family, and familiar surroundings is important, do it. I know of too many people who went to schools for the wrong reasons (like how much scholarship $$).

    That said, pick the best school you can, within the parameter of making you happy. You might take a philosophy class and decide that is your dream, or you might decide to be a nurse or major in music. Don't close any doors now. College is the time to explore. You are obviously very mature, but don't be in too big a hurry to grow up. Enjoy this time, and remember the saying about "do what you love and the money will follow." I made a mistake of choosing a job in which I could be very successful (engineering--I'm a girl!), but that I didn't love. Wasted time.

    Be happy. And good luck!

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