I'm looking into transferring to Baruch College and trying to figure out how the financial aspect works, especially regarding scholarships or financial aid for transfer students. Any advice or resources would be appreciated!
When transferring to Baruch College, understanding financial ramifications is indeed incredibly important. Here are some factors you should definitely consider:
1. FAFSA: Filing the Free Application for Federal Student Aid (FAFSA) is a crucial first step. This determines your eligibility for federal grants, loans, and work-study funds. Even if you don’t think you'll qualify, it’s worth applying because this form is often required for other types of aid. Keep in mind student aid index (SAI) is used instead of expected family contribution (EFC) since the FAFSA’s redesign.
2. Tuition and Fees: Ensure you've thoroughly researched the tuition and associated fees at Baruch College so there are no surprises. Remember, cost of attendance includes more than tuition, it also encompasses books and supplies, transportation, and living expenses.
3. Scholarships: Baruch College offers a number of scholarships for transfer students. You'll need to review their requirements to see if you would qualify. It would be worthwhile to extend your search to external scholarships as well.
4. Financial Aid Office: Get in touch with the Financial Aid Office at Baruch College. They can provide guidance on applying for aid, deadlines you need to be aware of, and any institutional scholarships that might be available to you as a transfer student.
5. Transfer of Credits: Find out how many of your credits will transfer over to Baruch College. You don't want to pay for more semesters than necessary if some of your credits don’t transfer and you have to retake certain courses.
6. Net Price Calculator: Use the Net Price Calculator on Baruch College's website to estimate your aid and out-of-pocket expenses.
Remember, the goal is to make your education as affordable as possible. Good luck with your transfer!
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