<p>If my mom makes like 45-47K....what kind of financial aid does Brown usually offer (how much can I expect to pay/year)?</p>
<p>It would probably be a pretty generous package (as in almost full ride) but you should check with them. Often their admissions websites or viewbooks will have statistics about the "average" financial aid package for each income bracket.</p>
<p>full ride meaning I wouldn't have to pay it back?</p>
<p>nah
"full ride" almost always includes some ridiculous amount of loans
=[</p>
<p>that sucks</p>
<p>brown might cave into the pressure of the trend going on with other ivies/top schools right now by the time you apply next year; upenn, harvard, standford are all offering full tuition to kids whose parents make less than 50K a year i believe----although i wouldn't count on it- brown has only been need blind for around 3 years</p>
<p>so upenn does the thingy that harvard does (<60K=full ride, which equals no loans, etc?)?</p>
<p>Not <60k. Maybe <50k or something. And yeah I wouldn't count on Brown to be TOO generous. They aren't even need-blind for transfers. I'd guess they would probably give you a portion of the tuition, and some of the rest in loans.</p>
<p>hope for half..
And whats ur EFC btw?</p>
<p>I thought it was like around 5k, or something.</p>
<p>Brown and other ivies cap loans at reasonable amounts. Usually about $20K for all four years. If your parents have no assets, you should get a very good package.</p>
<p>I live with my mom, and yes we get child support, but it isn't that much. My mom doesn't have land or anything; we just own a house. There isn't much in her savings account. She is a fourth grade teacher.</p>
<p>you need to actually input some numbers into the financial aid calculators to get your EFC. You need to figure it using the Institutional Methodology for Brown.</p>
<p>you may get a nasty surprise if you don't look at the whole picture -- what your mother might consider to be some small savings or just owning a small house may be looked at differently by the colleges. Depending on the area you live in, housing values may have increased and your mother may be expected to borrow on that value.</p>
<p>Better to check it now than to find out later! Sit down with your mom and put the numbers into the calculator -- real numbers, not just guesses, and see what it says.</p>
<p>also -- using the IM method, your father will also be expected to contribute -- so his salary and assets will also be used. That will, most likely make a huge difference. If you mother is remarried, stepfather's income and assets also come into play.</p>
<p>once you figure out the EFC -- then sit down with both parents and figure out what they are willing to pay.</p>
<p>just to give you an idea -- </p>
<p>I put the following numbers into the efc calculator I linked to above.</p>
<p>i put in $45,000 for Adjusted gross income, $100,000 home equity, $1000 liquid assets and no income or assets for the student. I did not include anything for dad or include the income of the child support. the EFC using the IM methodology is $6391 and using the FAFSA (which I don't think Brown uses) it is $5391.</p>
<p>brown does require financial information from the non-custodial parent.</p>
<p>that is alot more than a free ride -- and the school does not need to meet 100% of your need, and what they do meet can be met with loans.</p>
<p>it is better to know this before you find out that you applied, were accepted and can't go!</p>
<p>Is UPenn the same as Brown, in terms of $?</p>
<p>You'll get a good deal at many States with a mother making a low income, but it's much more complex at Brown and other privates. They will count child support as income. The homes of both parent's will be counted as assets along with any savings, investments, business equity, etc. Income of both parents and sometimes any step parents are counted. Basically, they look in every nook and cranny for what they consider available money to pay college bills. And as so may have found out, it doesn't matter if a parent says they won't pay. As someone said, fill out a fafsa and profile before you apply. There are so many on this board who applied to schools and then couldn't go because of $$.</p>