Emory Financial Aid Promises - Empty Promises!!

<p>I was denied Emory Advantage even though my income was <$50,000, thought of it as empty promise like the rest of you, complained like the rest of you, but I didn’t give up, sent in an appeal with lots of financial/bank documents, and guess what? They gave me the Emory Advantage. I told them I was very interested in attending and that if they gave me a new package I will go. They did!!</p>

<p>You people who tossed it out without giving a second chance deserved your little “empty promise” financial aid. </p>

<p>Emory really cares about demonstrated interest, and they KNOW that if you are interested in attending, you WILL call them and try to work out a new financial aid package that WORKS. </p>

<p>We’re glad you all tossed Emory out, because we wouldn’t want disinterested people like you over here anyway.</p>

<p>Thank you Emory for your generous aid. So sorry for doubting you at first!</p>

<p>Thats weird, because my financial aid package was amazing! It definitely will make it so that I do not go into too much debt</p>

<p>I’m very grateful that I’m debt free!</p>

<p>My daughter’s financial aid package from Emory was the worst of all the schools she is considering. Her career goal is to go into nursing and she wanted to attend Emory because of their excellent nursing school and also because Berry College’s a 3-2 program is only with Emory. Our experience has been that the Emory advantage program is way overrated. Their loan replacement program states that if your total income is between $50k and $100K and you have “typical assets” your total loans will be under $15,000.00 for four years at Emory. At first we thought, wow, we qualify for this, so our daughter can attend Emory for under $4000 per year! </p>

<p>Not so. The catch is that you still have to pay not only the expected family contribution (EFC) but also take out most of the remaining balance above the EFC in loans. Emory, even with its huge endowment, does not try to meet your need in grants like Davidson College or Vanderbilt University. And Emory is very expensive to start with.</p>

<p>Our daughter received total grants of around $13,000 out of a total cost of $58,000 to attend Emory. So we would have to pay $45,000 per year for her to attend Emory, yet our total family take home pay is only $60,000. I do not own a business, a fancy house, and do not own sizable assets or have any inheritance coming my way.</p>

<p>She is a good kid and despite her disappointment, she is happy that she is going to a state school where she will be in the Honors program and can fulfill her dream. Emory lost a really sweet, kind, and generous person.</p>

<p>Fwiw, I’m in my second year here. My family income is 85-95k before taxes and I’ve received 30k in grants each year. + loans. + work study.</p>

<p>So these experiences aren’t the norm. I’m actually surprised reading this (but apparently I saw this a couple years ago too since I posted. lol).</p>

<p>My financial aid package sucked. Stafford Loan only. I was offered a lot of serious scholarship money from other schools, but Emory was my #1 pick, sooo…</p>

<p>That’s quite odd. My Emory FA package is amazing. I just don’t know how the whole financial aid thing works at all.</p>

<p>I am with BlackBunny103 on this. Emory awarded me a very generous financial aid package. I’m sorry to all of those who had bad experiences. Hillsdalesteve, you should turn in an appeal… Remember to state a specific dollar amount in grants your daughter would need to make an Emory education affordable for you and your family.</p>

<p>I’ll report on fin aid once I complete the app for this coming year (2012-2013). D’s aid was minimal for freshman year, but we made > $100K that year. I think the awards are more subjective than we think they are. I think the initial awards are made on how much they want that student, so if you have two students with identical financial situations (a near impossibility) and one is “more appealing” to Emory, they make that student a better fin aid offer. And they figure the student who gets the lower offer will probably attend even if the aid for one is $10K less. And if they don’t, they can always pluck a full pay kid from the waitlist. </p>

<p>That’s just my impression, but again, since 2011 income was much much lower than 2010, I’m expecting more aid than I got last year. If I get zero increase, I’ll know the system is rigged.</p>

<p>Hillsdalesteve - you must have a lot of assets, paid for house or something because if your income is only $60,000 no way Emory would expect you to pay $45,000 of it.</p>

<p>We do have assets – three cars – a 1999 Toyota worh $4000, a 1994 van worth $800 (if I can get it started), and a 1999 Nissan we bought our daughter worth $2800. We are older parents and have health issues which we explained on the financial aid forms which will make it impossible to pay the $180,000 Emory expects of us for four years of school (or $90,000 for two years at Emory if daughter had gone to Berry first as part of the 3-2 nursing program).</p>

<p>The good part of this is that there is another deserving child who will get to attend Emory.</p>

<p>Emory offered my family a fantastic amount of aid. Your EFC means nothing to any of these colleges. That only tells the government how much they’ll be paying. Your CSS and your tax forms are really what matters. </p>

<p>I applied ED, so my estimate was based on 2010. From 2010 to 2011, my family made 30k less, and we explained to them that in 2012 it’d be dropping nearly 50k from that (stepmom had to quit job in October due to mental illness). Emory upped my actual aid package by over 10k compared to my estimate, and they added the $5550 Pell on top instead of just lowering the amount of grant money offered. So I know it’s not a “rigged” system. </p>

<p>I’m sorry that financial aid didn’t work out for every single person, but that doesn’t mean it didn’t work out for everyone!</p>

<p>Honestly… my s was accepted in 2010 and got the least of money from Emory!<br>
Our fafsa est amount we could pay was 15,000 and we would have had to pay
32,000 approx! He also was a nat merit finalist and they gave him 500 for that!! it was
pathetic at best. Luckily it was not his first choice!!</p>

<p>vanderbilt and yale gave him 40,000 approx each and wash u started at 25 but offered 33 k.</p>

<p>This is totally true… sorry Emory… you need to practice what you preach!!</p>

<p>Emory has gotten national attention for this very subject.</p>

<p><a href=“Poor Students Struggle as Class Plays a Greater Role in Success - The New York Times”>Poor Students Struggle as Class Plays a Greater Role in Success - The New York Times;

Emory’s financial aid office is terrible. Called and left a message and then emailed because I didn’t get a response. Went to the office where they would not answer any of my questions. Received the worst financial aid offer of all the schools with no guarantees from year to year. Too many unknowns, too risky!

Here is my very unhappy experience with Emory financial aid. My family’s annual net income is about 75,000 with no meaningful asset. Emory’s net price calculator usually says that we only need to pay less than 15k, but I usually paid about 25k each year. My son’s fa package typically included about 22k grants, 8.5k loans, and 2.5k work study. His loan debt for the previous three years is 25.5k. We were shocked that the school offered him additional 12.5k of loans (5.5k subsidized; 7k unsubsidized) for his 2016-2017 senior year. That will make his total loan debt reach 38k at graduation. Emory says that they will limit subsidized federal loans to 15k. But his will reach 19k. We were very angry with that much loan offer for his final year, but decided not to contact the fa office, because we knew that we gotta be very lucky to receive a responsible answer from that office. I am relieved that this is his last year. I only hope that an Emory degree can help my son find a decent job. My experience is that Emory’s administration, especially the housing and fa offices, is neither efficient nor responsible. I cannot but hope that the new president realize the school’s administrative problems and fix them. I do not want to generalize my experience, but it seems to me that I am not an isolated case.

@rimzim2010 : Actually it is more of an Emory marketing/communications problem. I wouldn’t expect Oxford to meet 100% need as it dropped being need-blind maybe like 3 years ago whereas Emory College kept it. Regardless. When I came to Emory College, I most certainly went for free essentially because I fell in the most generous Emory Advantage category. Also, Oxford, I’m sure cannot afford as much as the College. Not only is the College financial budget bigger (and under lots of stress), but they have begun to develop the scholarship endowment so as to not use as much need-based aid (they throw merit scholarships at deserving folks who otherwise need need-based aid to keep the budget in check).

@Hillsdalesteve please understand that Emory College’s endowment is nowhere near the level of its peers and it allocates nowhere near the amount of the endowment to student aid (simply because it can’t). It is working within certain limitations, which it probably should. The financial aid packages of some comparable schools (some which have lower endowments) often will sacrifice the money to draw the students with higher stats, but then spending for academic departments and on faculty freezes or even declines. Their models are not sustainable and neither was Emory’s if it wanted to get back on a path of academic growth instead of merely looking good in USNews by buying students and then offering only a “meh” academic experience to them. FWIW, it is noticeable that Emory has basically the highest amount of Pell Grant recipients among its peers (I was one of them when I attended) especially today. Perhaps lots of the financial aid is going to those with the HIGHEST need and it certainly hurts/stretches their budget since the recession to continue to be so generous to others who are in the middle or upper middle class by normal standards.

@gohurricanes Interestingly enough, some of these schools that people claim are similar or better than Emory that offer ridiculous financial aid packages are the ones with stats much higher than Emory, but only perform as well or worse in terms of major post-grad. achievements (awards, top prof. school placement, entrepreneurship, etc). Perhaps they are over-spending (some of these schools have had faculty actually within the arts and sciences unit complain that need-based aid is essentially sucking up the portions of the budget that could be used to strengthen academics or make programs that push their great students to higher levels…Emory is already unusually solid in those areas and is trying to compose a student body that is as good as many of its programs. Some other places just wanted to get the higher caliber students first and are now scrambling to improve the academics, some just now considering the types of programs that Emory has had for years and actually developed during the recession). There is always a trade-off.

@doubleeternity : You guys got screwed because y’all unfortunately came in when Emory restructured its financial aid . Before 2011 or so, I am pretty sure it was much more generous…the budget issues they had from spending over 2 x the amount of need-based aid as previous years hurt them and unfortunately hurt parents and students.

I never had problems with the housing office, but even when on Emory Advantage, the fin. aid folks could be kind of douchey. When I went to Essence, a lady in there tried to claim that I wouldn’t get the best EA package because I was right below the cut-off. Better believe I ended up getting it.

I understand why people are upset, but I don’t know if I feel comfortable with Emory or any school employing and then continuing an unsustainable model for aid if it, over time, will limit what the school’s of its level are known, for, high quality academics. To sacrifice in that way is essentially inviting excellent students to come and take up space at school that could and should be providing them a better education than it can at the time of invitation. Emory is trying to fix the aid thing, but is one of the few that is serious about the latter part (needed money to establish new programs, innovate curricula, things kind of on the back of the list at many of Emory’s peers who like it was, are still are in the “build pretty amenities and dorms and buy the students” phase regardless of budget constraints). Emory is worried about stifling the ability to be even more serious academically. When I went, Emory tried to make all the spending on fin. aid and construction look effortless (as did and do other places now), but obviously it wasn’t and I can tell you, as a STEM major, the academics paid a noticeable price during the recession in their initial attempt to stretch the need-based aid budget, grow enrollment, etc to grow revenue again. Today , there are even classes that have gotten larger to essentially save money and space…and usually in STEM, that correlates with more MC or “easy to grade” assignments and exams…which I correlate with a decline in quality. Such pressures have also been applied to the social sciences such as polisci and economics. Purposes are to save money and to offer more advanced and intermediate courses. I think the sections are still smaller than peer schools and perhaps run better, but certainly lesser so than before. Emory is just fortunate, that, like most schools, elite or not, students usually don’t care enough (or know how to judge) about academic quality to notice any changes. If anything, I’m sure some said “whoohoo, this class seems easier than my SA or RA was telling me it was” which explains why no one sees complaints at other schools suffering similar issues. Students are easily convinced that they have academic gold when they attend these schools whether it is true or not (especially if they have a great financial aid package at a name-brand school). I’m not so easily fooled.

I am not suprised that in 2011-2012, when there was much more talk and media describing how academic environment and programming would be further improved (than before), that financial aid started getting worse, a scholarship endowment started (because they new the aid issue was a problem), some departments closed (to reallocate monies to “stronger” depts), and some new ones created. There is definitely a correlation. Other schools are just better at hiding this issues and selling a perfect image, but they are experiencing them (most peers that aren’t super rich like HYPS actually handled the recession much worse regardless of how their rank in the USNews looks. There are weaknesses that their rank nicely distracts outsiders from investigating).

“I wouldn’t expect Oxford to meet 100% need as it dropped being need-blind maybe like 3 years ago”

Meeting full need and being need blind are two different subjects. A school can be need blind without meeting full need (like NYU) while another can be need aware and meet full need. Which would someone rather attend if they need aid?

@vonlost : I know they are different, but my expectations remain. Oxford is not NYU or any school that I would expect to be able to meet full need. It recently removed itself from from being need blind because it couldn’t handle the fin. aid expenditures…Oxford’s behavior is unsurprising in that light is what I am trying to say. Add in its very small endowment in comparison to the college and I am even less surprised.