Higher Education Links
COLLEGES AND UNIVERSITIES
APPENDIXINDEPENDENT STUDENT TUITIONRESIDENCE-BASED TUITION Each state has its own legal regulations, but a typical southern state defines a student's legal residence for tuition purposes as beginning after the student and the supporting parent shown on tax returns have both lived in that state for a full calendar year. Otherwise, any student under the age of 23 whose parents live in another state must be financially independent to qualify as a resident for tuition purposes. Financial independence is defined to mean 90% self supporting. Qualifying income to establish financial independence can come from assets in the student's own name such as stocks, mutual funds, savings accounts. Otherwise the income must come from grants, scholarships, loans, and personal work, Work, WORK. LOANS Student loans must be repaid. A prudent lender will be more likely to make a loan to an engineering student than one majoring in international underwater basket-weaving who is preparing for a life of charitable social service work in Bangladesh or Central Africa. Most lenders will look only at the potential economic payback. After all, they are responsible to their depositors.
BE WARY OF THE COLLEGE SOCIAL PITFALLS
EXITS
READER COMMENTS
INTERNET TOOLS
LIBRARIES
SOCIAL
|
