I got an email telling me that I received 10,000 dollars in the form of the dean’s scholarship. The email also said the need based aid would be coming later, and that I would receive another email detailing my final financial package. What I was wondering is, what all is factored into this ‘final’ package? I would assume that the 10,000 is about all I am going to get, but is that true?
Need based aid is also included in the financial package. Roch meets 97% of demonstrated need on average. This includes the possibility that you might need to take out a loan for them to reach your Expected Financial Contribution. For example, mine is 23k (i know this because of the FAFSA) so they could say it would cost me 30k to go without loans but they offer me the opportunity to get 7k in loans every year, thus meeting my “Need”.
@gminor, are you sure they use the FAFSA Expected Family Contribution? URochester has a Financial Aid Calculator on their website that I used, and for us, it comes back with a number that’s over 50% higher than the FAFSA EFC number. I’m guessing that when UR says they meet 97% of demonstrated need, they’re probably referring to their own calculator, not the FAFSA figure.
Okay, so a few aid questions of my own: my son was accepted. It’s his first choice school, but we’re hoping that Rochester offers an aid package that’s better than the one offered by his second choice school where he thinks he would also be happy. If they don’t, it will be hard to justify. He never got notification of any merit aid whatsoever (he was notified of admission about two weeks ago). If he hasn’t received an e-mail about merit aid, does that mean that he didn’t receive any? Or does that merely mean that he didn’t receive a named scholarship (e.g. Dean’s, or something similar). I did see a graphic on the Financial Aid website when I was poking around a few days ago, and though he didn’t blow the SAT’s out of the water, based on his GPA and AP classes etc., I would have thought that he would qualify for at least a bit of merit aid.
I’d love to hear any feedback, especially from people as to how close Rochester came to meeting the Expected Family Contribution from the website calculator.
@TwoMuchMoney You’re probably right about them using their own calculator.
I was accepted on the 20th and received an email about merit stuff on the 25th. I received 10k and everyone might get that as a minimum merit scholarship because I doubt that I was one of the better applicants who was accepted, but I’m not sure. If he was accepted in the very last batch then you might find out in the next day or two about merit.
I don’t think he was in the last batch. It’s been nearly two weeks at this point.
Hi all! We use both the FAFSA calculation and our own institutional calculation. The FAFSA figures help us figure out how to distribute federal aid equitably, and the institutional figures help us distribute our institutional grant money. If your son received his acceptance 2+ weeks ago, have him call/email our office to check the status of his financial aid award!
Thank you for the reply. We’ll give it a couple more days.