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OT: Attn Grad Students, great news for my son... Posted by MI-Roger [Email] ![]() ![]() |
My oldest son started law school at Univ of Florida last August as an Out-of-State student (cheaper than In-State at Michigan!). He had his eye on obtaining In-State status as soon as possible, so he methodically planned and completed the following steps:
1) retitled his vehicle into his name only whle still living in Michigan.
2) signed a lease for a house near Campus in mid-summer
3) filed an Afadavit of Domicile in Florida, renouncing his Michigan residency, before classes started in August of '04.
4) obtained Florida insurance for his vehicle, before Fall '04 semester
5) registered his vehicle in Florida, before Fall '04 semester
6) registered to vote as FL resident before Fall '04 semester
7) filed his Federal 2004 Income Taxes as a FL resident, state as part year resident.
He recently applied for In-State residency (meaning tuition) hoping to have it become effective Fall of '05. He was notified today that he is now considered an In-State student, and will be entitled to pay reduced In-State tuition immediately!
This change in residency will save him approximately $23,000 per year! Since he has obtained an Externship for this summer, he now will pay only In-State tuition for the summer semester, an additional savings for him. In total, his loans after graduation will be approx $50,000 less than if he had retained Out-of-State status.
Moral of the Story - Plan ahead for residency change and significant savings can be yours.
posted by 68.42.11...
_______________________________________ Saabs owned: 2008 9-5 Aero Sedan, sold at 227K miles 2006 9-3SC 2.0T - Wife's daily driver 2000 Viggen Convertible - Sold May, 2022 1964 Quantum IV Formula Car - Retirement project 2000 9-5lpt Sedan, sold at 318K miles
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