<p>Emory is definitely not a generous (or even honest) school in terms of financial aids. I am sorry to say that, but that was my experience. My son initially was offered about $36k in grants and loans when he entered Oxford. In the following year the offer was drastically cut to $15K. The difference came from the shrinkage of Oxford Grant from $25K to 6K. I asked for an explanation from the school, and was told that that was because my daughter had graduated from college. I felt I got ripped off by the school. If I used to spend 20K per year for my daughter's education, do I need to add that exact amount to my son's already high Emory bill when she graduates, even though my annual income is only 70k.? How I regretted that I encouraged my son to go to Emory/Oxford! I would NEVER have let him go there, had I known that they were going to suck my money like that. Parents, be ware of Emory's promise of financial aid commitments. Now I am in serious doubt if my son's Emory education is worthy of the money I and he will have to pay.</p>
<p>@Doubleeternity I am sorry to hear this. I know would have argued more intensely about that with fin. aid (I actually have a friend who had this issue, and they kept their hands off his fin. aid package after some back and forth with them), but while you could and perhaps should take it out on Emory, Emory is hardly an exception. Private schools with seemingly generous fin. aid tend to do these sorts of things (to pocket…I mean “save” money) and calculate it based upon stuff like that (notice the importance of the CSS profile at private schools with “generous” aid packages) to get exactly that result. I would start applying for scholarships (internal or elsewhere) if you guys are qualified and maybe even threaten to transfer (I would seriously do that because it would effect the retention rate…and make Emory look worse). </p>
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<p>This is common practice at all of Emory’s peer schools, not something specific to Emory. The assumption is that you will divide how much you’re able to pay for college among all of your kids enrolled in four-year colleges. You’d also be given a break if you had children enrolled in private pre-college programs.</p>
<p>I know and am ready that I have to pay more when my expenses drop. But do I have to pay extra $20K to Emory when I come to save $20? Give me a break! When I argued the matter with the financial aid office, they were saying like transfer was an option. Generous people, for sure. I am in my mid 50’s and I didn’t know that there still was a “real” world waiting to be discovered.</p>
<p>If your expenses drop 20k, your EFC goes up about 20k.
Makes sense to me.</p>