<p>I'm a senior in high school and I hope to attend the masters college it's a private Christian college but i dont know if ill be able to afford it. I have descent grades. A's and B's. We're 7 people in my family and I'm first generation to go to college. My parents make around 14,000 a year if lucky & my dad is currently on disability. What are my chances?</p>
<p>No, the Masters College will not cover 100% of your cost to attend (40K). It appears the maximum aid (merit and need) they give is 15K. [The</a> Master’s College - New/Transfer Students](<a href=“http://www.masters.edu/undergrad/financial-aid/newandtransfer/]The”>http://www.masters.edu/undergrad/financial-aid/newandtransfer/)</p>
<p>FAFSA does not give money. It is a form used by colleges to determine eligibility for Federal (and sometimes state) aid.</p>
<p>If your parents make 14,000 you will likely be eligible for a Pell Grant for up to $5500. You also will be able to take out a student loan for the first year of $5500 (this amount goes up each year to $7500 in he junior and senior years). Are you a CA resident. Do you qualify for Cal Grant? </p>
<p>Have you filled out the NPC for the school… here is the link: <a href=“Net Price Calculator”>Net Price Calculator;
<p>This will be an estimate of cost of attendance. </p>
<p>Since Masters College does not promise to meet full need, and they do not list a full ride or full tuition scholarship it is likely that even after grants, scholarships, and loans you will have responsibility to pay some amount for your education.</p>
<p>Are there state schools close enough to your home to commute?</p>
<p>What are your academic stats? There are some schools that will offer full tuition or full ride for high stats students. Many of the automatic scholarship deadlines at schools have passed. But there may be some that still have upcoming application deadlines.</p>
<p>FAFSA is a screening program that determines your eligibility for federal student loans and grants. Once a student is deemed eligible for federal loans and grants, those are awarded by the college itself.</p>
<p>Some colleges promise to meet 100% of a student’s need. Since federal loans and grants are rarely enouh to cover the full cost of attendance at a school, those schools make up the difference with their own money. Those additional grants are called “institutional” grants.</p>
<p>Most colleges, though, don’t promise to meet 100% of a student’s need. So, a student can get whatever federal loans and grants he or she is eligible for, and perhaps some institutional aid . . . but, after that, the student’s family will have to come up with the rest of the money itself.</p>
<p>(oops - cross-posted with KatMt!)</p>
<p>Master’s College meets on average 73% of need for students determined to have need.</p>
<p>See:</p>
<p>[Master’s</a> College Tuition, Costs and Financial Aid - CollegeData College Profile](<a href=“http://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=862]Master’s”>Master's College Tuition | CollegeData)</p>
<p>Also note that this “need met” includes an average $4,700/year contribution from the student (“self help”).</p>
<p>Others have given you good info on the situation. FAFSA is a federal form that is used to apply for federal aid, that most states and many colleges also use. But it is just a calculator. What it does is give you an Expected Family Contribution (EFC). That number is what qualifies you for federal aid such as the PELL grant (max of $5550) and permits you, as the student, to take up to $5500 in loans freshman year, depending on what your school actually costs. So when you look at what the max is with PELL and full Stafford loand and that’s assuming a zero EFC, you are looking at about $11,000 maximum from the federal government. The rest has to come from the college, and it is entirely up to Master’s as to how much it gives each student. </p>
<p>Though the average aid met is 73% at the school acc to BobWallace, that doesn’t mean you can expect to get 73% of YOUR need met. That is just an average. What YOU get from the school is entirely up to them. It can come down to a full ride to nothing other than what you can get from the federal goverment with suggestions for your parents to borrow the rest from PLUS. That is the range that can be offered to you. So you have to fill out the apps, cross your fingers and wait.</p>
<p>I also suggest you look for some options that you know your family will be able to afford. Some schools where you know you’d be accepted and the payments are doable. You maywant to look for a job as a lot of schools do expect a student contributuion too. That you don’t have it doesn’t matter. Any aid is calculated with the assumption that you will get it and if you don’t, family has to make it up, not the school.</p>