Ross vs Iowa

[lattelover15]

Advertisement - Members don't see this ad

In normal circumstances, Iowa would be the better choice over Ross in terms of finances. HOWEVER, due to our lovely president and his “beautiful” bill, I’m wondering if that is still true?

If I start Ross in May, I’ll be grandfathered into pre-BBB loan restrictions, and I’ll also get a $35k scholarship

I haven’t officially been accepted to Iowa yet but my scholarship would be less than that and their semester starts in August, past the cutoff to be grandfathered in.

If I get into Iowa, should I decline and just go to Ross instead? The idea of private loans scares me senseless. But I’d rather be stateside. 🙁

 

[JunoJason]

In normal circumstances, Iowa would be the better choice over Ross in terms of finances. HOWEVER, due to our lovely president and his “beautiful” bill, I’m wondering if that is still true?

If I start Ross in May, I’ll be grandfathered into pre-BBB loan restrictions, and I’ll also get a $35k scholarship

I haven’t officially been accepted to Iowa yet but my scholarship would be less than that and their semester starts in August, past the cutoff to be grandfathered in.

If I get into Iowa, should I decline and just go to Ross instead? The idea of private loans scares me senseless. But I’d rather be stateside. 🙁

What's the delta in Cost of Attendance? This should definitely be part of your examination. At Iowa, you'll still be able to access $200k in federal loans. If you're comparing having $300k in additional federal loans versus $50-100k in private loans, a strong economic case can be made for Iowa.

 

[lattelover15]

What's the delta in Cost of Attendance? This should definitely be part of your examination. At Iowa, you'll still be able to access $200k in federal loans. If you're comparing having $300k in additional federal loans versus $50-100k in private loans, a strong economic case can be made for Iowa.

how?

 

[Sparker]

I think they're saying that Iowa might still be better financially, despite starting under the BBB, just bc of how expensive Ross can be.
Ross- $200k federal + $300k more federal
Iowa- $200k federal + $100k private
You need to look at all possible costs (like the cost of living) along with tuition. Private loans will (almost guaranteed) have a higher interest rate, but the initial loan amount still matters. As a simple example: a $10 loan w/ 15% interest is still better than a $100 loan with 8% interest (at least for a certain amount of time).

(I did NOT do the actual research on these COA numbers; I am just trying to explain what JunoJason is saying. I've attached links that may help you do more research on cost comparison between the 2 schools.)

Iowa- Veterinary Medicine Students Years 1, 2, 3: Fall & Spring – Office of Student Financial Aid

Ross- Vet School Tuition

Debt Calculator- Financial Planner SDC Access
(Create a login, it's free)

VIN 40 in 60- 40 Veterinary School Loan Estimations in 60 days - VIN Foundation
(Mostly applicable for starting school under the BBB, but still helpful to look at)

 

[lattelover15]

What's the delta in Cost of Attendance? This should definitely be part of your examination. At Iowa, you'll still be able to access $200k in federal loans. If you're comparing having $300k in additional federal loans versus $50-100k in private loans, a strong economic case can be made for Iowa.

Where are you getting $500k total for Ross?