Aid Package for Parents making less than $60,000

<p>I read in an article that parents who make less than $60,000 will be expected to pay little or no cost toward the education…</p>

<p>“most parents who earn less than $60,000 will not be expected to make a financial contribution to fund their child’s Brown education”</p>

<p>[Brown</a> Announces New, Expanded Financial Aid Policy | Brown University Media Relations](<a href=“http://news.brown.edu/pressreleases/2008/02/new-financial-aid-policy]Brown”>http://news.brown.edu/pressreleases/2008/02/new-financial-aid-policy)</p>

<p>Yes…?</p>

<p>SO did it turn out true.</p>

<p>It’s not a true or not true thing. That’s Brown’s policy, period. Unless you make less than 60k and have some money or equity stash, you will essentially pay nothing. Sub 100k and you will have no loans, we’ll cover the loan portion as grant money, again, unless there is a stash somewhere.</p>

<p>Yup I am below $60,000 and didn’t receive a “full ride” per-say, but only need to pay around $2000. modestmelody, do you know anything about the National Scholar scholarship? Does Brown offer full rides at all???</p>

<p>I believe Brown has changed it’s policy and now allows you to use outside scholarships to replace ALL of the student contribution, whereas in the past, you could only replace part of it (loan or summer earnings contribution). I assume you don’t have a loan portion so just have a minimal summer earnings contribution expected. Brown (in the past) allowed you to use additional outside scholarship $ to pay for a computer. Technically, I believe Brown increases the cost of attendance by the amount of the computer. You needed to submit receipts). So, if outside scholarships are a possibility, contact FA dept and ask. They have been very helpful and accommodating.</p>

<p>same here. my parents contribution is 0. mine was around 2000. best fa offer of all my colleges! definitely a plus</p>

<p>ontheradio, did you get the same scholarship as me??? are we 2/15??!</p>

<p>im not sure. i have to pay like 2500. + work/study you?</p>

<p>and this whole scholarship thing. my parents job can give me some money. can this really go towards my student contribution/laptop? Because they had not accounted for that money anywhere on the FA details. If so, that would be great because my parent’s job $ can cover both my contribution and work/study.</p>

<p>Aight, just wondering. 'cause sometimes their can be hidden loopholes. </p>

<p>I got in but and have an efc of 0, but I haven’t turned in this year’s documents so just wondering about it all.</p>

<p>I guess the student summer contribution is expected.</p>

<p>ontheradio - what was the name of your scholarship? i have to pay $2500 too!! and have campus employment</p>

<p>Campus employment is an illusion. You CAN get a job and have the CHOICE to pay back the money but don’t have to do either. The money they pay you comes from one pot or another pot - no difference to you.</p>

<p>I’m below 60K per year, and I have to pay waaaay more than 2500.</p>

<p>Do you mean your AGI is less than $60,000? Do you have considerable assets? I read on Cornell’s website that their under $60,000 policy is for a maximum of $100,000 in assets. I wonder what Brown considers a normal amount.</p>

<p>AGI? Dang. Not ANI? Dang.
I guess that’s why I’m paying WAY more also.</p>

<p>i sent my tax forms in way late…and im waitlisted anyways…but i hope im not affected too bad if i do actually get accepted (AGI ~50k)</p>

<p>I’m guessing this isn’t true for transfers?</p>

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<p>I know that employment is not required, but I’m not sure what you mean by “paying back the money.” Can you explain further? Brown isn’t loaning me any money, I just thought that if I didn’t do campus employment I would have to earn an extra $2000 on my own?? added already to my contribution of $2500…</p>

<p>cafesimone, in theory that is true. The $2500 is additional to the $2000 but keep in mind that’s the amount to cover COA as Brown determines it. The $2500 would cover ESTIMATED personal expenses, travel, books, etc. You don’t pay the school directly and these costs come up throughout the year, although you do need to buy some books right away so budget for that. These expenses really vary depending on the student. My son took toiletries and whatever he needed from home, so he’s not out buying many personal items (mostly concert/movie tickets, food on Thayer street). Whenever we drive him or visit, BJs in a required stop and he knows we’ll pick up the bill so he keeps his fridge/snack bin full. He realized the bus to NYC is cheaper than the train. He orders many of his books online at discount places or buys from another student. He rarely buys clothes and probably uses birthday/Christmas $ to cover those expenses. So, he found ways to reduce his costs and he really doesn’t spend much $ at all. My DD OTOH buys clothes and ridiculous amounts of hair products,… </p>

<p>Work-study is simply offered as a job you can choose to do throughout the year. You work as much as you like up to your w/s limit ($2500). My son didn’t work at all freshman year and now works about 10 hours a week in a lab. Some weeks he doesn’t work at all or perhaps fewer days that week. Most jobs are flexible so if you have a heavy workload that week, you can make adjustments to your work schedule. My DD has a similar deal at her school. Brown, like her school, has a website where jobs are posted and you simply contact the person listed. But there is NO requirement to work, even if you accept the work-study in your FA pkg. It applies to the entire year. When my DD was a freshman, she didn’t want to work right away so she didn’t look for a job until she got settled in. During second quarter, she was offered a job taking notes (in her classes) for visually impaired classmates. She did that for several years in various classes. She also started giving housing tours. For the past couple years, she has worked designing and creating promotional materials for one of their sports teams (graphic design is her major). </p>

<p>So, if you THINK you might want to work this year, accept the work study and use it how and when it best suits you.</p>

<p>If you turn work-study down, don’t expect them to make up for it with more grant $. You probably can request additional loan money, if needed.</p>

<p>I have to pay a student contribution of $2400. But I got the Sidney Frank scholarship… did anybody else get this? I also got a $2500 work scholarship award, which means I don’t have to do work study my first year. I think this is really interesting :slight_smile: and awesome hahaha</p>