What are your experiences with Financial Aid? How much of it would you say was met and what was the breakdown of grants/loans?
I found it accurate to the NPC.
Could you provide some more details? If you don’t want to share publicly, you could send me a private message.
Our NPC was fairly accurate (after we filled it out correctly). As the school website states, adjusted gross incomes under 100K will receive a generous FA grant.
Great school, but the cost of attendance has simply gotten excessive. It seems like an all or nothing approach to financial aid, where many students get significant aid allowing them to attend at little to no cost, while many other students are asked to pay an ever increasing ridiculously high full fare to compensate for the school’s generosity to others. It is reaching a breaking point.
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I also found the NPC accurate, and I don’t get a W-2, but have business income.
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It is not generosity, those students earned their spot. This school has a huge endowment and many alumni who fund financial aid scholarships for need-based recipients.
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Kudos to them for having done well enough in high school to have qualified to receive aid under Lafayette’s criteria, but it is still generosity on Lafayette’s part, not an earned entitlement.
We found the NPC to be relatively accurate based on 2019. However, when we appealed due to a significant reduction in 2020 and 2021 income, Lafayette only gave us $3000 additional whereas other schools we appealed (such as Lehigh and Johns Hopkins) gave us an additional $30k.
You implied that other higher-income student’s tuitions make up for allowing low-income students to attend Lafayette, which is not true.
For future students and parents please be aware the Lafayette is need aware and not need blind. Here is an interesting article about their admissions.
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The school doesn’t have an endless supply of money to meet the financial needs of all students that can’t afford the tuition, and the school still has operating costs to be paid, so yes, the school relies on being able to charge certain students more to be able to keep operating.
That is a fantastic article and Kudos to Lafayette for their transparency.
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agreed!! we were told we filled out the financial aid forms incorrectly the first year, then the next year we still didn’t get any aid. Gave up. It may be a great school - not sure because Covid changed everything - but the living conditions are disgusting if you aren’t lucky enough to get into the new dorm buildings.
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