<p>Hi,
Can anyone speak about financial aid at Elon? While it is less expensive tuition than some other schools we are looking at (small LACs), the limited info on their website indicates that the average need based fa is about $5,000-$7,000. I realize that the endowment is smaller than the other schools as well. thanks for any input.</p>
<p>I have the same question. From reading through the threads on the Elon forum - some posters wrote that they were pleased with the aid they rcvd - but that is so relative. All colleges are supposed to have net price calculators on their websites by the end of October - Elon does not have one up yet - but when they do - that should help. I tried calling Elon a few weeks back to see if someone could give me a very rough estimate of the FA we might receive based on a certain EFC - they would not/could not do so at that time as they were still waiting to see about their FA budget for next year. I was thinking of calling again in September or just waiting to see if they put the net price calculator on the website soon.</p>
<p>I’m assuming that anyone who files the FAFSA would at the very least get a $5500 Stafford loan as a freshman. Beyond that - I have no idea what to expect.</p>
<p>This article from the Elon Pendulum might also be of interest:</p>
<p>[The</a> Pendulum - University announces increase in on-campus student pay, new work study program](<a href=“http://www.elon.edu/pendulum/Story.aspx?id=5398]The”>http://www.elon.edu/pendulum/Story.aspx?id=5398)</p>
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<p>The new PACE program:</p>
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<p>At least they get it.</p>
<p>Thanks, Rockville Mom. IT just is worrisome that the Elon website mentions a small endowment, so that there is not that much funding possible. I have not seen that on any other college website. At least they are being honest. Also, all that I have read does give that $5,700 average need package. Sort of low and my son is thinking of applying ED.</p>
<p>My D got the NC “discount” and the $4000 Pres sch. She was an alternate for fellows-the bottom line was still a lot higher than anywhere else. Plus, meal plans, etc were extra. She was trying to decide between Elon and Wofford. Wofford won out mostly because of cost. They were generous with scholarships and things like laundry, meals, cable were included in room&board.</p>
<p>Financial Aid Statistics
Full-time freshman enrollment: 1,362
Number who applied for need-based aid: 794
Number who were judged to have need: 523
Number who were offered aid: 519
Number who had full need met: Not reported
Average percent of need met: 71%
Average financial aid package: $17,312
Average need-based loan: $3,933
Average need-based scholarship or grant award: $11,331
Average non-need based aid: $5,323
Average indebtedness at graduation: $27,163</p>
<p>Since less than half of their frosh class was judged to have any need, it looks like the student body is rather affluent. And, for those with little need, a student loan and some w/s could meet most/all need. </p>
<p>Keep in mind that these stats ONLY reflect the students who enrolled. These stats do NOT include the accepted students who got lousy aid pkgs and could not afford to attend. (That’s why I dislike these stats…I wish they reflected what they gave all of their accepted students)</p>
<p>As with many schools, the averages are just that. There may not be a single student who gets the average awards listed. There may be kids who get full rides and those who get loans only. </p>
<p>I know only of one student who got a very generous package from Elon, and that student was at the top of the top, in terms of stats and ended up going elsewhere.</p>
<p>My DD was accepted with a $4500 scholarship of some sort. My nephew got $0. Even though initial tuition seems cheaper, we got better incentives elsewhere. We also factored in study abroad during J-term, in which everything is paid by the student. My DD is attending the College of Wooster in Ohio. Scholarship money is make or break for most. My nephew is not at Elon either.</p>
<p>Is your student eligible to compete for Elon Fellows? Although d did not end up attending Elon, she did compete for, and was awarded a Fellowship (admittance to Honors College an additional scholarship, which in her year topped out at $10,000 per year and was added to her Presidential scholarship). If eligible (GPA and test scores and such) and Elon is high on a student’s list, it can be worth it to travel to campus for the competition. Still was the least scholarship award offered of any of her schools…she did not choose Elon.</p>
<p>Elon should have their net price calculator up by the end of September.</p>
<p>Elon is a school that came out of nowhere and has some catching up to do endowment wise. It really was not that long ago when it was a school no one would go to if they could get into almost any other school - described as a “small, unattractive, parochial bottom-feeder.” </p>
<p>It takes a lot of successful alumni/ae to make up for such humble beginnings.</p>
<p>Very true - and the amount of press they are getting now is amazing - recently featured in both Town and Country and Reform Judaism magazines - along with all of the college lists/guides. We love this school and our son is applying - just curious about how FA might turn out.</p>