<p>My daughter has recd a "trustee scholarship" for 16K/year at Purdue, University achievement scholarship 12K per year at U Ill, 15K/year at Gonzaga for doing Bachelors in Business.</p>
<p>All these scholarships apply towards tuition only I believe ..</p>
<p>Since we are applying as out of state -- tuition costs at Purdue are 43K, UI --48, Gonzaga (private) -58K</p>
<p>Do the universities provide additional aid/scholarships beyond "tuition" scholarships ? Looks like the work study programs are geared towards local residents ..</p>
<p>Fafsa shows she is only eligible for 5.5K aid -- that means I would have to shell out over 20K per year -- and with impending layoff's -- I am not sure I can afford to ..</p>
<p>Any help /comments from prior experiences would be appreciated. Thanx.</p>
<p>It’s very unlikely your daughter get any additional aid (except for the $5.5K Stafford loan) from Purdue or UofI because both are state universities that don’t meet full need for accepted students. </p>
<p>She may be eligible for some federal work/study if your EFC is less than the COA, but whether she will be awarded any or how much is tough to guess.</p>
<p>First of all congratulations. Call the Universities and see what else is available. Certainly loans are available although probably not desirable. Can Illini waive the OOS add on? How about work study? If all else fails, write to the Jesuits at Gonzaga, let them know what’s going on? Maybe they can pull a few strings with the big man upstairs or a least the little guy in the financial aide dept.</p>
<p>The university achievement scholarship at UIUC is for OOS only. Its purpose is to lower the cost by covering most of the OOS additional tuition to persuade high-achieving OOS kids to attend. So you might get some other additional scholarship, but not an OOS waiver. That scholarship is essentially an OOS waiver (though not quite enough.)</p>
<p>True, but someone with a high EFC attending an OOS public isn’t likely going to get WS. Publics often award their WS to their low income instate students.</p>
<p>This student’s need is $5500. The school is going to use the “go to” solution of a student loan to fill that. But, any student can work a part-time job during the school year. Also, since your D likely has high stats, then look to see if there are any on-campus tutoring jobs. Those usually aren’t work study jobs. </p>
<p>It’s very unlikely that she’s going to be given any add’l free funding.</p>
<p>Rainier…if your child wants to attend Purdue, then the two of you can look closely at the COA breakdown and find out ways to bring that down. COAs are often padded. Sometimes pricier meal plans are included. Sometimes pricier dorms are included. Buying books online or used can save a bit there. COAs also include things like “personal expenses” and that’s an area where either some economizing can be done, or a part-time job can cover those expenses. Also, if your child works over the summer, she can bring in $2k towards costs. </p>
<p>$43k COA Purdue
$16k merit</p>
<h2>$5500 student loan</h2>
<p>about $22k family contribution</p>
<p>How much are you comfortably paying?</p>
<p>Edited to add… What will you do if you do get laid-off? Would your D have to leave her school? None of these schools are likely going to give you more money in the future if your EFC drops due to a job loss. How likely is a lay-off? Are these schools your D’s most affordable choices? </p>
<p>Keep in mind that your D’s best merit offers will be as an incoming freshman.</p>
<p>A academic scholarship is an award of financial aid for a student to further their education. Scholarships are awarded on various criteria, which usually reflect the values and purposes of the donor or founder of the award. Scholarship money is not required to be repaid. The most common scholarships may be classified as:
Merit-based
Need-based
Student-specifi
Career-specifi
College-specific</p>
<p>1) Where in the heck do get Gonzaga being $58K per year?? Tuition is $33K and room and board is $9K. That’s $42K, not $58K.</p>
<p>2) FAFSA does not tell you what your need is because it will differ depending on the school. Instead they tell you what your Expected Family Contribution (EFC) is. You may be misreading things and it’s actually your EFC that’s $5500.</p>
<p>First and Foremost – I would like to thank you for all your replies – They have really helped clarify things …</p>
<p>WoWMom:</p>
<p>Thanx.</p>
<p>mom2collegekids</p>
<p>Thanx for all the details – We have a high EFC of 35K, and we had budgeted about 15K per year, because the second one will be ready for College in 4 years… So 60 % of our savings will be wiped off in 4-years …</p>
<p>As of the moment – last week “all hands staff” announced 2 Layoffs for the year spread across all retention levels, A, B and Cs. First one Mar-Apr and next one in Sept/Oct…</p>
<p>She has secured admission at Washington State and we are hoping to get Univ of Washington as well – Atleast at WSU – she has 8K off from Tuition which is ~15K. But D has no interest in going there …</p>
<p>For Univ of W – D’s complaint is First 2 years spent doing mostly “Electives” … Nothing much on Business Classes … </p>
<p>Purdue, Wharton, USC, Berkeley do some business classes as well in First 2 years …</p>
<p>D has her mind set on Purdue and Wharton as well … We are visiting Purdue in 2-weeks …</p>
<p>D had a interview/meeting with local “Wharton” counselor - Went quite well. He did mention that if the EFC drops – at least for “Wharton” – they do provide additional aid – Of course I will take that with tablespoon of salt … :)</p>
<p>Cbug:</p>
<p>I am sorry about the mixup-- Gonzaga was 43K (16K tuition, 10K Meals & Board, 1K books)
I was looking at the numbers from USC at the same time – they are ~58K … Only exception is USC – does accept National Merit finalist stuff (50% off tuition) …</p>
<p>I got my Fafsa numbers which was 35K, plugged it into say “Wharton’s” financial calculator, and their expectations are bring 35K …</p>
<p>Wharton’s NPC would be close to waht they would give you, but they are likely to include some of that Stafford as part of the aid package. They guarantee to meet full need, as they define it and are likely to come up with additonal money if need increases. Not so with those schools that do not guarantee to meet need which is all of the rest except USC. The half tution merit award at USC will be used to offset financial aid, so it is likely that the award there will still leave $35K to pay. Without a merit award that leaves less thatn $35K owed, it’s not likely that you are going to get away with less. Most aid packages will just incorporate some if not all of the Stafford $5500 in there. So Purdue is close with the $22K left to pay–DD will have to work summers and at school to bring that cost down, if she wants to go there. If she gets into Wharton, depending on whether work study as welll as most of Stafford be put in the award package, that option may not be there. A lot of schools will take that Stafford and use it as part of the aid package and work study as well, which means both that loan and the work hours cannot be used towards EFC since they are already used by the aid package. I believe Wharton will take the subsidized part of it $3500 as part of the award and will also likely give work study. So that means a good $30-35K will have to be found to go there or to USC.</p>