Could you still receive federal grants if you’re an out-of-state student?
Written By: jacob on October 17, 2009
2 Comments
I know that when applying for financial aid for a private university, you more likely to receive more aid than for a public university. But, I want to know if you’re an out-of-state student applying for a private university, are you still qualified to receive federal grants as part of your financial aid packet?
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yes, even though you are an out of state student you can always apply for federal grants, whether the school is public or private, because every college and university get some type of grant money from the u.s. department of education. excellent luck!
Yes you can get a Pell grant if you go to an out of state university, but you aren’t going to get more money from Pell because you choose this more expensive route.
Also be aware that if you do choose a private school you are more likely to get more aid (aid means loans, grants and scholarships) but that doesn’t mean that attending will be cheaper than a state school. (because normally it isn’t).
Remember these schools have a much higher price tag, so don’t judge a school by how much money they give you in scholarships or grants, but by how much cash you have to give them and loans you have to take out.
Example
Community college: Total cost = 1,500 semester
Aid: Pell Grant 2,000 a semester
Aid: State Grant 500 a semester
Meaning you have no loans and will get a 1,000 refund check (that does not have to be paid back) you can use for living expenses and books
Private school: Total cost= 20,000 a semester
Aid: Pell Grant 2,000 a semester
Aid: State Grant 500 a semester
Aid: Stafford loan 3,500 a semester
Aid: Scholarship 2,000 a semester
Aid: PLUS parent loan 10,000 a semester
Total cash needed to attend = 2,000
Total amount to be repaid (eventually) 13,500
As you can see, just because you get more aid, doesn’t mean it doesn’t have to be repaid.