<p>hello there.</p>
<p>I just got an acceptance letter from a top LAC. They gave me a figure much much higher than how much my parents can afford, close to 19000$ more. I'm appealing this aid pack - should I mention a figure as to how much i can pay? Because its a small figure, and I dunno how it will be received.</p>
<p>thanks...</p>
<p>You’re saying that the LAC figured that your parents can pay $19k more than what your parents say they can afford?</p>
<p>I hope you applied to some safeties, because if they figured that your parents can pay over $20k per year towards your education, then your parents likely have a nice income. Unless there are some extenuating circumstances, they’re not going to likely cover an additional $19k per year ($80k over 4 years).</p>
<p>What was your EFC when you did FAFSA? (I know that the LAC probably uses institutional formula). </p>
<p>And, how much can your parents pay? (and when did they tell you that?)</p>
<p>Before you “bang” out your letter you should have a long conversation with your parents. The changes of getting a college to give you that much is pretty slim. EFC is a tool for delivering federal loans and grants and private colleges utilize other variables when calculating what parents can afford. There is either more income/investments than maybe you’re aware of or there is a business or something that the college is considering able to be “tapped into.” The rude truth is that sometimes what parents are willing to pay and what colleges want parents to pay are not numbers that are close together. All you can do is ask. Just be prepared that the college may say no or give you $1000 more or some number that might not be significant enough to change your parents mind. My child may face this situation in March. However, my child has a school we can afford, where he has been accepted and with merit money and he likes very much. You need to make sure you have such a college on your plate - one your parents can afford and are willing to afford if you can’t work it through with the particular college you are referencing.</p>
<p>I am an international student. income is about 25000 us$. Assets are high, at 120,000$. Maybe I made mistakes while filling out the fin aid app? figures I am quite sure of.</p>
<p>Oh, you’re an int’l student.</p>
<p>Well…if the school doesn’t promise to meet need of int’l students, what you’ve probably been given is a gap in financial aid.</p>
<p>What school is this? Do they promise to meet need of int’ls?</p>
<p>Yes, the college does meet full need for int’l students.
Thanks for the responses, but can anyone also advise me whether i should include a figure in the appeal letter?</p>
<p>If they meet full need- what method do they use to figure your demonstrated need?
Did they use the CSS PROFILE ( are the assets mentioned in your name?), or the ISFAA or both?</p>
<p>If your need is significantly more than their figure, then your parents should document what extenuating circumstances exist that increase need- but I wouldn’t start with a counteroffer, unless you have a financial offer from a similar school that is more to your liking.</p>
<p>Thanks for the advice :)</p>