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AnomalyConcept
Supreme tranceaddict
Registered: Jun 2005
Location: Chicagoish, USA
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A lot of the private universities have some sort of 'meet your need' program which basically says that if you get accepted, they will help you work out the financials so that you are able to attend. They do this through a combination of scholarships, grants, and yes, loans.
What sucks is the federal student loan program was modified somewhat recently and there are less funds to go around. I'm sure most schools have work-study programs, and many will cover your tuition (either partial or in full) if you become a RA (resident assistant).
As someone else mentioned, taking the pre-reqs and transferring in is a good way to save money. Just make sure the credits will transfer and you are able to get accepted as a transfer student. I'd talk directly to the admissions office of the universities to which you're interested in attending.
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Oct-06-2008 12:47
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elFreak
Blood Diamonds and Salsa

Registered: Feb 2008
Location: With Juan Pachanga Eating Tacos. Ah Ha Si Mi Gusta.
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Ben, you need to do your research better. You also can not assume you will be guaranteed admission to Stanford. Never think any degree will allow you to work anywhere in the world. As someone who knows a little bit about professional recruiting, American citizens getting work abroad has been on a severe decline for the last few years. This is steady regardless of the reputation of the institution a degree has been obtained from.
Do not think because you go to the "600$ jean" universities that you will have a leg up on the rest. Yes, there are some advantages to prestige...but they tend to also have a lot to do with what friends you have among the alumni and what contacts you get with the people in the profession of your choice.
Knowledge is very important in life, but often professional progression is more reliant on who you know than what you know. What happens if you spend 150k on an education, only to find out that you do not end up working in the field of your choice? Don't discount this fact, as a large majority of people (this is a Canadian problem as well) do not end up in their field of choice, especially in very specialized fields.
if you can
- be paid up in full 5 years after graduation.
-put a feeler out with companies related to your interest before you start studying in your field to accomplish a realistic perspective and not one given to you by greedy admissions officers. If their insight is positive, then take that to the bank more, and it is a good way to make contacts and show initiative even years before graduating.
-be sure there will be 0 regrets with choosing a field with such a huge financial commitment. If anything were to fuck up (never say never) that is a big bag of debt to be holding for failure.
-make sure you can even get a loan that big with a bank. They are not giving it away to just anyone these days.
then you should CONSIDER Stanford.
keep in mind that Cinderella stories where people with lower income backgrounds go to the big uni and hit it big are by far outnumbered by those that get nailed by debt that can be a crippling obstacle for many years.
knowledge is knowledge no matter where you learn it, contacts are a trickier story. People that go to these schools usually can afford to. Ask yourself if you can, especially considering that it might be a decision made during one of your country's worse financial periods.
also...do better research, i scanned quickly and your numbers are off.
be careful and good luck.
dreams unfortunatly sometimes only remain dreams. Reality is always there.
___________________
Le Freak - Set Archive

Le Freak - A.D.D & Chimichurri [Techno/Tech House/Music to put on burritos.]*click bitches*
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Oct-06-2008 14:48
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Lebezniatnikov
Stupidity Annoys Me

Registered: Feb 2004
Location: DC
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| quote: | Originally posted by elFreak
-make sure you can even get a loan that big with a bank. They are not giving it away to just anyone these days.
then you should CONSIDER Stanford.
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Jay gives some good advice. There has been a lot of difficulty in the student loan business here in the States over the past two years or so, and some banks are beginning to be more cautious about granting loans. I work at the school with the highest tuition in the country, and I can tell you that finances are increasingly a problem for many of our students.
A couple of things that you're going to want to think about :
- Reputation of the university in the field. As Jay says, it's not all about reputation, but it is a substantial leg up on the competition. The unfortunate thing for you is that engineering is not cheap anywhere, so you're going to be looking at an expensive institution any way you cut it. Be sure you're looking at schools with a large alumni base in the field.
- Cost of living v. tuition - what is the breakdown in costs of the school? The price quoted is typically Tuition + Room & Board - this could potentially be reduced by commuting from home or living off campus.
- Part-time options. Not ideal, but the opportunity to work while going to school can be financially attractive.
- Regional/national. Think about where you want to work. If you're going to stay in California for your first job, then you may want to think about a regional or local school. Stanford is a national powerhouse, but when compared to UCLA in California it might not be a difference-maker. However, if you're thinking about the East Coast... San Luis Obispo may not be a huge help.
- First job v. career. What kind of job do you want right out of college? This is really the only time what college you went to is a huge help. Landing your first job is difficult, and this is where a big-name school can help, but after you've worked in the field for a few years nobody will care where you went to school. They'll care about your job performance. You may still be paying off loans at this point, so it's something to take into consideration.
- Specialization. Every school has a different set of professors known for different things. When looking for a grad school students are encouraged to take a look at the faculty and their relevant research interests. Since you're thinking this will be a terminal degree, it might not be a bad idea here either. What professors teach at Stanford? Berkeley? UCLA? What are their interests, and how compatible are they with your own? Do they offer the opportunity for students to help with research? Working with a professor on their own projects can be the most fundamental way of getting a leg up on the competition coming out of college. Saying you went to Stanford is helpful, but saying you went to UC-Davis and worked with Dr. So-and-so, the leading expert in the field of Quantum Mechanics, can be much more impressive.
/2 cents
edit: I'll only add that the main difference between public and private is funding. Public schools are typically more research-based. Tuition is low and public grants are high. Private schools are going to be more class-based. Tuition is high, but the number of instructors is high as well, driving class sizes lower.
So weigh the chance to do research at a big state school vs. the opportunity to actually have contact with professors rather than TAs at smaller private institutions.
___________________
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Oct-06-2008 15:19
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