Combined Income Hurts Financial Aid

<p>

</p>

<p>This is not a good idea because your chances of getting merit aid as a transfer student is close to nil. Schools use merit aid to **attract the freshmen **that they would like to have in order to raise their stats. Transfer students are not added in the equation, so there is no need to “woo” them.</p>

<p>the way I see it here are your best options if you want your current school.</p>

<p>If the 29k bonus is a one time thing and you think there will be no more bonuses over the next 4 years:</p>

<p>Defer your admissions for a year. financial aid for school year 2013 is based on 2012 income.</p>

<p>Your parents must stop funding med school for your brother and programs for various other family members. schools expect them to channel this money in to your education.</p>

<p>Other wise,</p>

<p>take a gap year
rework your plan and apply to a new set of schools where you stand a chance of getting the merit $$ need.</p>

<p>research now, pay attention to deadlines as many merit programs want you to apply early to have the best shot at getting the money.</p>