Total cost for UNLV??

[dobareh]

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What is the total cost for UNLV per year for out of state students?

Tuition + all fees + yearly expected housing.
They only report the tuition price online and it is impossible to get through to their office. Thanks for the help.

 

[armorshell]

All I have are my calculations for total cost (after loan capitalization) assuming you get in-state after a year. It's $273,258 for everything.

Also, the number pre-capitalization is $234,846, I give it to you because for some reason people on this forum don't like to think about interest.

 

[USU24]

does loan capitalization mean interest, then? I never knew. Ooh, I'm going to be so poor 🙁

 

[armorshell]

does loan capitalization mean interest, then? I never knew. Ooh, I'm going to be so poor 🙁

Yeah, it's the interest they roll into your unsubsidized loans while you're in school. I'm sure you'll be able to pay it off just fine though, all it takes is a little hard work and sacrifice. 😀

Plus, that's just using the school prescribed figures. I haven't had any trouble shaving thousands of dollars off of my school's budget.

 

[USU24]

what's a couple thousand here or there when we're talking about 200,000 🙁 . oh, I'm going to be soo poor 🙁

 

[dobareh]

Armorshell,

I remember you sent out a link with most of the school tuitions + interest, etc. The link doesnt work anymore. Can you send the link out again? I guess I am one of the many who didnt think about interest adding up during the 4 years your in school. Thanks for the help.

 

[armorshell]

Yeah, I'll re-upload it and send it out later today.

 

[Soflex]

All I have are my calculations for total cost (after loan capitalization) assuming you get in-state after a year. It's $273,258 for everything.

Also, the number pre-capitalization is $234,846, I give it to you because for some reason people on this forum don't like to think about interest.

Forgive my ignorance...but does this mean if I have been paying all the interest bills that the Dept. of Ed. has been sending me (which I have been doing all along) it will make THAT big a difference??? Everyone always says that I'm crazy to pay them.

Thanks armorshell, I'm impressed you have all that info right at your fingertips! 🙂

 

[armorshell]

Yeah, but all it means is that you're paying the 40k now instead of later 😛

 

[tinker bell]

Don't forget extra spending while you live in vegas.

 

[TucsonDDS]

Forgive my ignorance...but does this mean if I have been paying all the interest bills that the Dept. of Ed. has been sending me (which I have been doing all along) it will make THAT big a difference??? Everyone always says that I'm crazy to pay them.

Thanks armorshell, I'm impressed you have all that info right at your fingertips! 🙂

Doesn't really matter if you are just taking out more loans to pay back the interest on the other loans unless you are getting better interest rates.

 

[armorshell]

http://rapidshare.de/files/38110941/Armorshell_s_Finance_Tool.xls.html

I updated all the schools I could, but I couldn't find new data on Nova so I deleted it. Put in a bunch of popular private schools as well as UNLV (Which didn't change their tuition much since last year).

The figures for UNLV are for out-of-state first year and in-state for 3 years.

Note that these numbers are an approximation, and the actual cost depends on how your brokers capitalize the loan payments.

 

[armorshell]

Doesn't really matter if you are just taking out more loans to pay back the interest on the other loans unless you are getting better interest rates.

If he has extra money left over from the loans and uses it to pay the interest, it's basically the same as returning the money or reducing his allowance.

 

[TucsonDDS]

If he has extra money left over from the loans and uses it to pay the interest, it's basically the same as returning the money or reducing his allowance.

Right, but it doesn't change the fact that he is paying his loans with his loans. People make a big deal about paying back interest while in school and it doens't make any sense to stress over it when you are just going to pay it back with borrowed money anyways.

 

[armorshell]

Right, but it doesn't change the fact that he is paying his loans with his loans. People make a big deal about paying back interest while in school and it doens't make any sense to stress over it when you are just going to pay it back with borrowed money anyways.

If you have $4000 extra loan money, and $4000 interest accumulated, you can either pay it off or let the bank roll the interest into your principal so you can start paying interest on the interest.

It's a prudent move if you can afford it, and if you've got high interest debt there's no real reason to just sit on you extra money.

 

[Soflex]

If you have $4000 extra loan money, and $4000 interest accumulated, you can either pay it off or let the bank roll the interest into your principal so you can start paying interest on the interest.

So it does help to pay it up front, right? If you are decreasing the size of your principal up front, then you are decreasing the amount of the interest you are going to pay...?

In my case, I am not using loan money to pay the interest...I have extra $ from some real estate wheelings and dealings a few years back. That...and my child support! (just kidding) 😀

 

[TucsonDDS]

So why not just take out less loans in the beginning if you have extra money comming in? Now if you are only taking out subsidized money at this point then by all means take out the max and pay down some of the interest that has accrued on the other loans. Or if you are taking out money at 6.8% and paying back private or grad plus loans at 8 percent then once again I say go for it, however if you are taking out Unsub Stafford loans at 6.8% in order to pay back other Unsub Stafford Loans at the same rate then you are actually losing money due to the initial 2% origionation fees (If a direct lending school) on the money you are borrowing to live on while you are spending you "own" money repaying a loan. Now if you are just asking what to do with extra money at the end of the year definitely pay back some loans and try not to make the same mistake again the next year.

 

[armorshell]

Yeah, it seems like everyone agrees but we are arguing about it anyway for some reason.

 

[TucsonDDS]

Yeah, it seems like everyone agrees but we are arguing about it anyway for some reason.

Hahaha, so true
I guess I have been married too long.

 

[Soflex]

OMG armorshell...what the heck is that new avatar? A boob? A zit? I liked the coffee cup!!!

 

[armorshell]

OMG armorshell...what the heck is that new avatar? A boob? A zit? I liked the coffee cup!!!

Let your imagination run wild. Mods, I promise you this is not obscene in any way 😎

 

[armorshell]

Looks like the mods didn't like it after all. It was a drainage head on a huge submandibular space infection 😎

 

[Calculus2008]

armorshell, have you included housing in your calculations? what is the average monthly rent that you calculated for UNLV? Thanks so much for your help 👍

All I have are my calculations for total cost (after loan capitalization) assuming you get in-state after a year. It's $273,258 for everything.

Also, the number pre-capitalization is $234,846, I give it to you because for some reason people on this forum don't like to think about interest.

 

[armorshell]

armorshell, have you included housing in your calculations? what is the average monthly rent that you calculated for UNLV? Thanks so much for your help 👍

It's included in there, I just used the figures quoted on the UNLV website. Actually, some of the other schools (actually all of them except UNLV and Pacific) didn't include summer/winter breaks in their housing quotes, so the actual numbers were several thousand more than the quotes

 

[golfer]

Did you include all schools because Iam only seeing about 6 of them. Am I missing something?

 

[armorshell]

I only included UNLV plus some big private schools I had numbers for. It's really easy to add to though, just figure out the total cost yourself, plug it into the first column and drag the formulae down one row.

 

[DIRTIE]

here you go-----

11 semesters, @ $10,279=113,000 plus a laptop something like $1,300

if you are out of state then you have to pay an additional 7,500*3 semesters= 22,500(not sure the exact amount but this is really close) virtually everyone gets instate after the first yr.

113,00(in state)+22,500(3 semesters out)= $135,000 (tuition and all fees that you are charged) This includes the fees for the instrument dispensory and sanitation, we don't rent or purchase equipment or instruments here, we just check them out for for the time that we need them.
Also this includes all textbooks that are purchased that are on a disc that you will download on your computer the first week and they get updated when needed. you have to prove that you have quality health insurance (ASDA or other low deductable type) or they will charge you for theirs which is fairly expensive

They will give you 47,000 of Stafford a yr and the rest is grad plus and other loans you can get that are private

 

[dobareh]

just the answer I was looking for. Thank you.

keep it dirtie