actressinpink wrote:
Hey everyone - just curious, and I'm not sure if anyone knows the answer to this, but do individual schools (such as UT Austin, SMU, BC, etc.) give out need-based grants? I know the gov. does not give out to grad students...
Personally, I'm just having a really hard time deciding where to go because the thought of taking out 60-70k in loans (on top of undergrad) is absolutely terrifying me.
Or if anyone has any tips on other things to do to cut down on tuition, that would be very helpful! :-/
This reminds me of a cost accounting problem. You should consider that living expenses will need to be paid regardless of which school you attend (sunk cost). However, you should still consider the cost of living for each school (Austin is not bad). I know that UT and SMU do not have need based aid; it is all merit based. However, I am curious about your offers at SMU and UT. If you don't mind, please PM me. You should also consider that SMU does not have the option to work as a graduate assistant during the program, but UT does. In fact, if you are able to secure a good assistantship at UT, you may be eligible for in-state tuition (save $20k). In addition, you will get a steady paycheck and receive a tuition payment each semester.
You should also consider the post-graduation opportunities that you will have. UT will give you several options outside of public accounting. I can give you at least 3 examples from actual students that I knew. One went to work for Intel in corporate accounting/finance. Another UT student went to work in oil and gas accounting. A third went to work for Merrill Lynch in New York.