<p>Soo I'm extremely excited for just hearing back that I am an Emory Scholars semifinalist! I live in Atlanta and Emory would be such a good option for me, when it comes to good schools being conveniently nearby.</p>
<p>However, attending would be impossible financially. It's nice that I'm a Scholars semifinalist, but theres still a great chance I get no money. (out of 350 semis, only 50 get finalists)</p>
<p>How is the financial aid at emory? How much aid will I get? My income bracket is in the 70-100k range I believe. No more, no less, I am positive. I also have another sibling in college, at Georgia Tech (which is a public college).</p>
<p>We know what Tech is (awesome and hard) and financial aid is really good. You’ll probably get a decent amount of grant money (maybe some workstudy) and Emory will cap your federal/need based loans to 15K (basically once 15K of your tuition has been paid through loans, they’ll start covering more it some how).</p>
<p>You qualify for this Emory advantage. Check it out.
When the openhouse and accepted student events begin, you should come and see if you can get access to one/some of the fin. aid aid advisers, and they may be able to give you more of an idea.</p>
<p>Okay so I understand my need-based loans are capped at 15k. What exactly does that mean? Does that mean AT THE VERY MOST, attending Emory would cost $15,000? I’d be ecstatic if it did, but I feel like I’m not getting something here…</p>
<p>I don’t think so. You would be expected to pay at least to pay at least your Expected Family contribution. However, if you are using federal/need based loans to pay some of it, then I think they’ll start capping once you accrue 15K. You should probably contact someone here to verify. I have the Loan Replacement, so I can’t say this with any certainty.</p>