<p>I recently received my Emory Financial Aid package. My mother is the only providing member for our family financial, and she only makes about 20K a year. Yet, Emory only offered me 17,900 leaving me with about 37K to pay. I do not understand how someone of my situation can be awarded so little. I am planning to appeal, is there anything I should be aware of?</p>
<p>My Georgia Tech package estimated my EFC at $0, while Babson offered me significant scholarships. I would like some advice, as I would do anything necessary to attend Emory. Thank you in advance!</p>
<p>It looks like you must have a non-custodial parent for this to be the case. The Emory Advantage states families earning under $100K/year get grants to reduce their need to borrow and you get loan replacement grants if you earn <$50K. [Emory</a> Advantage](<a href=“Emory Advantage | Emory University | Atlanta GA”>Emory Advantage | Emory University | Atlanta GA) It’s also apparent that Emory requires NCP info. <a href=“Financial Aid at Emory | Emory University | Atlanta GA”>Financial Aid at Emory | Emory University | Atlanta GA; Is this what caused the FA offer? If so you can try for a waiver. What would your cost for Babson and GT be?</p>
<p>Georgia Tech will cost me only a few thousand dollars, while Babson will cost me around 10K. My non custodial parent waiver was already completed and approved. My father hasn’t provided any child support in many years, and we only have limited contact.</p>
<p>It’s way late to be discussing this. Emory uses PROFILE and takes into consideration things that FAFSA schools do not. The only way you are going to find out what is causing the higher family contribution figure is to go over the calculations with the Emory financial aid officer.</p>
<p>I went today, it seems like Emory uses monthly mortgage to calculate annual incoming, ballparking it as a third of what you make annually. However, our mortgage has been paid through our savings and the contributions of my family. This in turn overestimates our income by about 70K, which is cause for some major concern. I am appealing, but I really don’t know how much good it will do now.</p>
<p>Emory estimated your EFC as 37K meaning they estimate your equivalent income at about 120K vs. what you have stated. How does your family come up with >2K/month for a mortgage? Do they declare this as income or gifts?</p>
<p>Most folks don’t realize that beside income FA also look at your asset to determine your ability to pay. Your earned income can be zero for a few years, if you have the asset (regardless liquidity), your EFC can hit the roof.</p>
<p>In this case, OP’s family obviously either have saving or trust paying the mortgage and FA saw that and adjust the whole need standing.</p>