<p>Hi, I was accepted to Johns Hopkins last week, and I received my aid information in the mail on Saturday. I was so happy with having been chosen as a Bloomberg Scholar, but I was only given the scholarship based on the FAFSA. They say that they have the right to rescind/alter the amount offered once I send them the rest of my financial information. What I want to know is how likely the rescinding is?</p>
<p>We're having problems right now, and I wanted to limit the number of CSS Profiles I sent out. So, I chose to wait a while before sending the form to colleges. Upon receiving this information yesterday, I immediately sent my CSS, but I still have to send them my other financial information by April 15th, like my parents' tax returns that we're barely able to file this week. Do they take into account the missing information when granting aid?</p>
<p>Could the CSS and the other financial documents really change their opinion that much if I filled out everything right on the FAFSA? I would really love to go to Johns Hopkins, but I definitely could not go without this scholarship.</p>
<p>My son was awarded the Bloomberg scholarship for a very large amount in 2010 when he was accepted. The financial aid office awarded no loans and all Bloomberg as an inducement to come to Hopkins. We were thrilled. The next year our finances changed some; he is still a Bloomberg scholar with no award. It was taken all away. Before filing last year, I called the financial aid office to inquire about the nature of the Bloomberg. Was it based on scholarship or need? “Both,” was the reply. They award it to students they want to induce to come who also have need. So it is hard to predict what will happen. This year we will have two students in very expensive colleges and are hoping, his Bloomberg will reappear as an officer said it might!</p>
<p>jhskidmom did they really take his award away the next year? because i was just awarded the grant and if it doesn’t “Reappear” next year there is now way my parents will let me go to JH!!" that’s terrible…</p>
<p>Yes, really. But then our finances changed between year 1 and year 2. (I will not go into details.) If yours stay more or less the same, your award will probably stay more or less the same. We took a leap of faith regarding the cost when we sent him to JHU. He loves it there; he is thriving and making great connections. We are paying a high financial cost, but we knew that might happen. It is what it is.</p>
<p>You are perfectly right, but in my case unless my parents win a lottery our finances won’t change.If by any change the aid is taken away I wouldn’t be able to attend. Would JHU just not care and send me home? wonder what would happen…a year wasted…</p>
<p>Well, I guess that answers a long term question. Should I take the risk? Our circumstances may get better in the course of four years of course! Especially in one area, but I doubt that it could get A LOT better unless, like daniel993 said, we win the lottery. Do you think it’s worth it to take the risk? I mean, I could always transfer, right? That wouldn’t be the best thing, but… Hmm…</p>
<p>Only your parents can determine whether they can take the risk since they will be shouldering most of the burden. Students’ debt is very limited in how many thousands of dollars in loan they can be awarded per year compared to the total cost of school like Hopkins I really doubt your aid would change significantly if your parents’ finances stayed the same. I think your best bet is to consult your parents.</p>
<p>I’ve heard that they give different amounts for the award. Is this true? So, if my circumstances changed slightly next year, is it possible that the amount would simply go down? And thank you for the advice! I will definitely talk to my parents!</p>
<p>I suppose, but I cannot really pretend to understand the minds of those in the financial aid office. Somehow they think that we all have the ability to pay far more than we feel comfortable doing. We always joke that if we could just stop eating so much, we’d have more money left over . . .</p>
<p>@jhuskidmom…um, did you experience a significant increase in income!!!
THat’s so odd that the whole award was taken away.</p>
<p>OP, yes the award amount can change a bit but if your parents income stays about the same, the award will still be there for you.</p>
<p>We had a year that things changed. I really don’t want to discuss the details. Examples when income can change abruptly include death of a wage earner; death of relative with inheritance, loss of job, new job, promotion, buy-out of a company, stock values changing (up or down), sale of assets like a home or property, etc. All of things and more can lead to a change in circumstances rather abrubtly, and I’ve know people that these kinds of things have happened to, leading to changes in their financial packages.</p>
<p>okay but you made a statement:
You can give a person a heart attack with that statement. “Some” implies that you had an increase of let’s say $5,000 or something rather insignificant. Most families see some income variation (even very small ones) from year to year. If by some you mean significantly–a significant change- then okay. But make that clear before people here have a panic attack about financial aid. lol sorry if this is coming off rather defensive…I’m just mad that I almost had a panic attack from that statement because I have the Bloomberg Scholarship as well.</p>
<p>quote person above</p>
<p>Someone posed a question about whether the Bloomberg award could change. Our experience was directly related to this question. I felt I should let the poster know of our experience. CC is a place to chat and get anecdotal information. I certainly wouldn’t consider the information on CC a reason to panic over any topic. A post might give you pause to conduct further research, however. If that research leads you to some valuable information that helps you make a sound decision, then so much the better.</p>
<p>I was deliberately vague and used the word “some” because personal details should not be shared, just as others were vague about the exact nature of their awards or financials. As I said, if your income stays more or less the same (and assuming you are not on academic probation), your package will most likely stay more or less the same. Barring some unforeseen changed in how Hopkins awards its money, that is. I cannot tell you or anyone else what to expect, I can only relate our story. Perhaps, you should consult with the financial aid office over your concerns. I have found them perfectly amenable to answering questions on all of these topics. I apologize if my choice of words was frightening or confusing.</p>
<p>okayyy that’s petrifying and here’s why: i was just accepted to jhu as a bloomberg scholar, they offered me more or less half the total tuition and:
1-with the scholarship we can just barely afford the school, if my mom works a little more and if i get a summer job
2-without the scholarship we have no shot in hell at affording the school
case in point, if they ever rescind my scholarship i’m royally screwed</p>
<p>Bloomberg is need based keep in mind. They select you because you’re great (merit) and then meet your need with money from Bloomberg. If your need is the same, you’ll keep that grant money. They will NOT pull the rug out from you unless your financials change. If your need goes up too – you’ll probably get more!!</p>
<p>I am not a financial aid counselor so I asked one of my colleagues in the financial aid office to answer the main question of this discussion thread and here is what he wrote:</p>
<p>“Student must reapply for financial aid every year. All things remaining the same, a family can expect the same level of support in subsequent years. The Bloomberg is a no loans package.” </p>
<p>I recommend if you have further questions you should direct them to a financial aid counselor: [Student</a> Financial Services | Contact Advisors](<a href=“Student Financial Support | Johns Hopkins University”>Student Financial Support | Johns Hopkins University)</p>