How Do I Afford OOS Tuition?

[JustinWKah]

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ok im 18 and i just moved from jacksonville florida to austin texas. My parents where making 70ktotal in FL, now i live with my friends grandparents and they make 300k+ a year. Since i just moved here i have to pay OOS tuition so a normally $300 class is now $1300 for me. i plan on paying all my college bils myself, no help from my fam or his. but im worried since he makes so much i wont be able to get loans. what am i to do? Does any1 know of any way ican get out of paying these high OOS prices?



and no moving back to FL is not an option

 

[Tatodotcom]

well, you are not a dependant of your friends family, so there income will have nothing to do with you getting loans unless they give you money(you would have to report it as income). and since you are 18 you are an independant(unless still claimed under your parents). You're going to have to keep paying out of state tuition unless you become a legal resident of texas.(states have different requirments for becoming a resident). Living with a friend probably won't get that status for you. But if you are an independant and you don't have much income you should be able to apply for loans and grants. good luck

 

[JustinWKah]

so ur saying because i live with my friend i wont be able to establish residency here?

 

[kismet]

so ur saying because i live with my friend i wont be able to establish residency here?

Most states require that you have bills or utilites in your name at an address within the state, but it varies by state; your school should be able to tell you. But if you're living with your friend's grandparents, and they are paying all the bills, you will probably never establish residency.

But like the other response said, unless your friend's grandparents are claiming you as a dependent on their taxes, it doesn't matter to you what they make. If your parents are claiming you (which means they should be providing at least 50% of your costs) then you are considered a dependent.. if you are not reliant on them and they don't claim you, you can be considered an independent (for MOST loans, I think... again, your school can help you with the details, check out the financial aid office).

You can always get loans no matter how much anybody is making, you just can't get federally subsidized loans if they make too much. This just means the interest will accrue while you are going through school which pretty much everybody deals with.

 

[HaleyRX]

I have done a LOT of research on this for my own reasons, and here is what I've found out:

-you are not considered independent for financial aid purposes until you are 24 UNLESS you are married or have a child. your PARENTS income affect's you, not your friend's parents, although at 70k a year you probably won't get grants, only small loans that will not help you pay OOS tuition. you will most likely need private loans.
-Texas is very picky about who gets in-state tuition. to become a resident, you will need a full-time job for 12 consecutive months first and you can NOT be enrolled in a Texas university at that time.

so basically, people under 24 who work hard without help from their parents, don't have children, and don't want to take a year off from school are up a creek without a paddle. sucks, doesn't it? 😕

 

[monsterbrain]

OP: Have you even filled out FAFSA? My husband makes more money that your parents, and I still qualified for the Stafford loan ($8,000 subsidized). Don't stress about it until you know for sure. By the way, I pay out-of-state tuition of $21,000 per year. All loans baby!

 

[Tatodotcom]

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[Voxls1]

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