Getting $25,000 from GW would leave a balance of almost $50,000 to still pay. The school costs about $70,000 a year.
@knvkoc have you looked at the costs of your instate public universities? Is there a community or four year college to,which this student could commute? That would also,save costs.
Any chance this student will be positioned to receive great merit aid someplace?
For athletes, some schools will give you an early read on your financial aid. I would NOT commit to GW…at the cost of that school. The financial aid department there should be able to tell you what info you need to provide. And they should also be able to give you a ball park aid estimate.
But really GW is in the top 5 most expensive colleges in the country. So do your due diligence before you commit.
Is it possible to get merit money and financial aid. I hear the more merit money you get the less aid money you would get. Based on the calculator we would be around 30-35 thousand in aid
Depends on the school…but usually not. Merit miney actually reduces your financial need. So your need based aid is reduced…first usually starting with self help (loans, work study) and then grants.
There are some colleges that will allow you to stack all financial aid up to the cost of attendance…but they are not the majority.
In most cases…if you get merit aid, it will reduce your financial need. Which makes sense if you think about it.
Getting legal guardianship at this stage will make him independent for federal aid, but not institutional aid. Colleges are not stupid, getting it legal guardianship right before starting college without parents being deceased or something seriously putting the child at risk (and child does not live with parents so it is n/a) is going to be a major red flag. If it were that easy, every parent of a 17 year old would have their kid live with relatives/friends so they could get court ordered legal guardianship.
Student cannot use grandparents income in place of parents.
If kid is that good and money is an issue, he needs a Div I school that will give him an athletic scholarship
“In most cases…if you get merit aid, it will reduce your financial need. Which makes sense if you think about it.”
Actually Does not make sense to me from the college’s point of view. If they want to pay up for OP because he is either smarter than their average (not talking about OP or GW specifically but anyone with academic merit and he has gone down in prestige somewhat) or is an athlete and the school offers merit, why wouldn’t they pay more for OP than for a similar kid whose scores are lower (but still high enough to get in) or cannot hit the side of a barn with a shovel.
If it is a full need school, then OP gets no benefit from giving them his higher scores (and raising their average) or his pitching skills. It should be stackable, even if it may not be. He could just go to another full need school that is not interested in his baseball but will give him the same aid.