<p>How many of you that applied ED to Penn are satisfied with the financial aid package based on your calculations? Is it close to the target that your parents were expecting to pay?</p>
<p>Yup.
I got a finanicial aid package where I have to pay $5250
I feel very grateful</p>
<p>Awesome! So good to hear that. Congratulations.</p>
<p>It was better than I expected! When I used the NPC, it calculated I’d have to pay around 18k, but with my actual fin aid offer, I’ll only have to pay 15,900. Of course this could change when we get our actual offers after we submit this year’s FAFSA, but I’m hoping that with scholarships and stuff it’ll be manageable!</p>
<p>My family is very disappointed with ours, since it doesn’t match any of the calculators/average stats shown on the website. ~80k family income and we have to pay 35k. We called them and still they refuse to budge. They want us to take loans.</p>
<p>Keep fighting, smarty99. Don’t give up on that yet.</p>
<p>Smarty99- did you ask them how they came up with that much? Sometimes if the parents have a good amount of savings or if there is money in the child’s name that could be a factor.</p>
<p>My package was great. It fit completely with the npc and other estimates, so I’m only expected to pay about $4000 a year plus work study. Unfortunately, my mom recently passed away and I’m afraid they are going to count her life insurance payout as income. We already contacted Penn and will be sending in a reevaluation form, but I’m still afraid they will take away some of my financial aid. My dad needs the life insurance money to make up for her loss of income, so it can’t go to my school. I was planning on paying for school by myself, but if they take away my aid I might not be able to. I’m extremely worried!</p>
<p>Ask your dad to call them and speak with financial aid</p>
<p>Kayyy, what is npc? Sounds like an aid calculator and could you kindly post the link to it?</p>
<p>NPC = Net Price Calculator
[Financial</a> Aid Calculator](<a href=“Submit My Documents | Penn Student Registration & Financial Services| Penn Srfs”>Submit My Documents | Penn Student Registration & Financial Services| Penn Srfs)</p>
<p>Basically it’s a calculator where you input your financial data and sometimes academic test scores /GPA, and it gives you an estimate of what you “could” pay for that school (most schools have them). Note the disclaimer though, “The estimate provided does not represent a final determination, or actual award, of financial assistance.”</p>
<p>^ thank you so much for sharing that link. I’ve been looking all over for it!</p>
<p>No prob. I just wonder how accurate it is compared to the packages students are getting. My son is a freshman at another university now and I entered our numbers for my daughter who applied to Penn RD and it still gave us an estimated cost of ~ $24k, despite having 2 in college. Don’t get me wrong, I still think that’s a great price for an out of state ivy-leage education, but I was getting hopeful after seeing some of these packages for 10k or less. Having to wait til March to find out is painful but we were afraid to apply ED and end up with a financial aid package beyond our limit.</p>
<p>I have no idea but we already have at least two people here who say that it was very close to the NPC.
My D attended Harvard and everyone on the parent board that year was very pleased with the aid they received. They promise 10 percent of your income for folks up to 180k income. The first year it was exactly 10 percent and over and above that we were allowed to use her outside scholarships. They increased it a bit each year but not that dramatically and it was something we were comfortable paying. My son has applied to upenn only in the ivies, so we are not familiar with their aid. By posting here, I was trying to get a feel of their aid package but without knowing a family’s income, it is hard to know what kind of aid they are giving out. Yale was my daughter’s first choice and she had been admitted EA that year but I’ll tell you when we received the aid package from Harvard, I was doing back flips. Her English teacher put her in touch with ex students that attended both schools and in the end she realized that she could excel at either of the 2 ivies and that it was not worth taking out loans.
Today she is sent free and has already made a salary in the first year that we paid for all four years combined, has financial flexibility, and her company will pay for her grad school</p>
<p>I meant loan free not sent free. I hate autooreet</p>