<p>Just curious if those ED1 folks could share with us ED2/RD folks what we could expect from the Financial Office in terms of numbers... Does the offer even come close to your EFC? or is it way higher? How do they allocate the grants or loans above your EFC?</p>
<p>I would appreciate if your could share this info as we anticipate receiving ours later this month.</p>
<p>My EFC said 3000 something. But I have to pay 8000 per year. I think that’s because my parents have paid off the mortgage to the house.</p>
<p>My dad makes roughly 160K a year, my mom doesn’t work. We had roughly 200K in assets (not inculding our house). At first Emory only gave me 2K in grants, then I appealed their decision and we ended up getting 12K a year. They are pretty flexible with their FA. BTW, I am an only child.</p>
<p>HOW DID YOU GET 12,000 A YEAR?</p>
<p>My parents combined make less than 1/3 of the income of your dad.</p>
<p>Is there an appeal process? I thought it is what it is unless you have some really special circumstances such as being laid off or medical situations? How did you appeal to get 12K when they only gave you 2K? Thank you for all the posts.</p>
<p>I got 12K as in 12k in grants. </p>
<p>When they gave me my FA originally, they made a mistake and thought my parents had 275K in assets but it was only 200K in assets. At the time, when they gave me 2K, I was considering going to another school which would have saved me like 100K over the course of four years, and when I told them that, they decided to offer me more. It was a combination of them making a mistake and estimating my parents assets, and me pressuring them by telling them that I would go off to another school.</p>
<p>There is an appeals process, but you have to get into contact with your FA advisor. I just told my FA advisor that there was no way I was going to Emory with 2K in grants, it just wouldn’t be worth it. My roommate who is in the same socioeconomic group as me, was only offered 1K in grants, but he didn’t appeal.</p>
<p>The stupid thing is if you decide to accept their FA in grants, you have to accept their loans which IMO is ■■■■■■■■. The loans they offer you have a huge interest rate on them. For my family, it would have been cheaper to not accept the loans, but unfortuanatly you can’t do that if you want the grants.</p>
<p>You can clearly afford paying full tuition. That’s not fair to poorer people who need that money more. Really.</p>
<p>^^ Umm, I don’t think I can. The 160 K is before taxes. My parents assets/stocks also suffered a huge loss during the recession (lets say that is a number too big for me to tell other people about). We lost A LOT of money, which may have caused Emory to give me more when I appealed.</p>
<p>my estimate was paying about $2500/semester not including books; also not including loans and work/study.</p>
<p>Well, at least you had money to lose.</p>
<p>My parents live paycheck to paycheck (and believe me, it’s not because they spend money on themselves).</p>
<p>I’ll never understand.</p>
<p>Hi, just to chime in, comparing aid packages is impossible to do. (It is just as crazy as all these “chance me” postings. Seriously, people, do you really think random strangers, mostly other kids, can give this advice?)</p>
<p>Comparing one aid package to another is useless, given the huge range of factors in the formulas for the federal EFc, the institutional formulas for EFC, and the colleges’ own FA policies. Fuzzle, you should contact the FA office about an appeal if you think it is justified. And, everyone should keep in mind that many private colleges practice what is known as differential needs analysis. Emory very likely does this. In order to meet enrollment goals they will offer more instituational aid to an applicant who is more “desireable” from an admissions standpoint. A student with top profile will get more aid than someone who is middle of the pack, or someone who is at the low end of the admit pile. </p>
<p>NOTE this is institutional aid I refer to, not Pell and other Fed aid, which is much more formulaic and based on the EFC.</p>
<p>Hope that helps clarify why the aid packages can var widely.</p>
<p>But Colleges was waitlisted. I got normally admitted and am above the 50 percentile of SAT/ACT/GPA.</p>
<p>I’m just confused. 8k a year is hard for my family but luckily my grandparents can afford to pay for half of it (because my parents can’t pay the whole 8k).</p>
<p>I was waitlisted, which is why they had to offer me more, to get me to come, because at that point in the game, I had my mind set on other schools. My sat scores were higher than 75 percent of the kids at Emory (I had a 1500/1600 and a 2200/2400, however my class rank was a terrible top 14 percent, which made them question my work habits/study skills but not my intelligence.</p>