<p>I've already submitted my application for regular decision and I'm having second thoughts. Is it possible to call Vanderbilt and change the type of my application to EDII? I think I'll have a better chance of getting in with my stats. However, financial aid is a big factor whether or not I want to do EDII or RD. I just submitted by FAFSA and my EFC is about 10k. How much aid can I expect to recieve from Vandy? Will I need to take out loans?</p>
<p>I’ve just done the Net Price Calculator for Vandy and I got this:
<a href=“http://i.imgur.com/5RZax.png[/IMG]”>http://i.imgur.com/5RZax.png
![http://i.imgur.com/5RZax.png[/IMG]](http://i.imgur.com/5RZax.png%5B/IMG%5D){kind=link}
</a>
How can I pay for the remaining 9k without taking out loans?</p>
<p>FAFSA isn’t used alone for determining your financial aid package; the CSS profile is used as well. Personally I found that Vanderbilt determined my “need” to be pretty similar to how FAFSA defined it. </p>
<p>You can use this to get a better indication of how much Vanderbilt will expect you to pay:</p>
<p><a href=“Net Price Calculator”>Net Price Calculator;
<p>Lets say you Vandy defines your “expected family contribution” to be 10,000. That means you can expect Vandy to pay your entire cost of attendance, minus the last 10,000. That remaining 10k is left for your family to contribute encompasses everything- tuition, room, board, books, travel, “personal expenses,” etc. You may end up paying the university $5500 or so for tuition/room/board and the remaining $4500 is just what they budgeted for you to spend throughout the year on personal expenses, books, travel and such. Vanderbilt tends to overestimate their cost of attendance, so while they budget for you to spend $4500, you may spend much less. For example, Vanderbilt budges $1400 a year for books, but you may only spend $800. </p>
<p>Your expected family contribution can be reduced by getting an outside scholarship (max reduction of 2000 I believe).</p>
<p>Sorry if this was confusing.</p>
<p>Oh guess you were one step ahead of me on the next price calculator.</p>
<p>As I just stated, your EFC of 9,200 doesn’t actually mean you pay 9,200. You’ll pay about 5200 of that directly to the school, and the rest is just for living expenses and books and such. If you shave some expenses in these areas, you may only end up needing 7,000ish… it really depends. </p>
<p>You either have to pay this out of pocket or get loans. No way around it. Also as I mentioned you can get outside scholarships which can contribute up to $2000 to your fees.</p>
<p>Ah. So that doesn’t include things like HOPE or GAMS? How hard will it to pay the remaining? Can I do work-study?</p>
<p>By the way, do you know if it’s possible to change to EDII from RD?</p>
<p>The EDII deadline is Jan 3 so you can probably call the admissions office and have it changed. Definitely call. Do not email and do not wait another day.</p>
<p>All of your outside scholarships (things like HOPE and GAMS) COMBINED can only contribute 2000 to your financial aid (I believe that is the correct amount). Any money past 2000 just reduces the amount of need-based financial aid you get. </p>
<p>How hard it is to pay the remaining is totally dependent on your family’s situation. Something to talk to your parents about. Vanderbilt seems to believe your family is able to afford 9200 a year so it shouldn’t be incredibly difficult but it probably won’t be easy.</p>
<p>You will qualify for work-study. Work-study is just, well, working. The money from your job goes to you, not to Vanderbilt. The advantage of work-study is that much of your paycheck is paid by the federal government so it’s easier to find employment, especially on campus.</p>
<p>I will definitely talk to my parents tomorrow and call to have my status changed.</p>
<p>How much will work-study usually add?</p>
<p>I was accepted ED1 and got a nice financial package which included about $2000 work study. From what I’ve seen, everyone else offered work study was offered the same amount</p>