Financial Aid packages

<p>We logged on and found FA posted. Not good news. I think UCONN is now off of our list.</p>

<p>$6690.00 University Grant
$3500.00 Stafford (subsidized)
$2000.00 Stafford (unsubsidized)
$34428.00 Parent (PLUS) Loan Eligibility</p>

<p>Since estimated out of state cost of attendance is $46618, we would need to come up with a total of $39928.00 per year (Stafford loans, PLUS loans, and savings) to attend UCONN. Not happening. UCONN is a pretty good school but not at 40K a year. Its the same story as usual…out of state tuition is just not workable without significant merit and/or need-based aid.</p>

<p>Yes, OOS is tough. </p>

<p>My H and are basically dealing with Tuition and R & B (about 41k) and son is responsible for books, spending money etc. (using summer job money and hopefully getting an on campus job for a few hours a week). Between grants, federal loans (stafford and perkins) and savings and current income, i think we can handle it. But who knows, maybe he will end up at UMass (that is if we ever hear from them!!!)</p>

<p>I was offered $46,000 worth of loans. -__________-</p>

<p>Bummer!</p>

<p>10char</p>

<p>When did grant info come out? Did you get an email or do u just have to log in to see it?</p>

<p>Log in to your account.</p>

<p>It is a commmon complaint of the middle class…earn to much to get significant financial aid and too little to make it affordable. The cots of college just keep rising. It is a market where the costs are artificially inflated in part by the easy availability of college loans and people’s apparent willingness to bury themselves in decades of student load debt and on the other hand by large financial aid awards to those with lower socioeconomic means. Those in the middle get crunched between these drivers which spiral the costs of college ever higher.</p>

<p>USNChief-yes, it is tough to be in the middle. And I agree, easy loan money makes the tuition go up. No reason to keep it low if people can pay for it with loans. similar to the housing bubble. If the market was allowed to work, and people couldn’t or wouldn’t pay, the price would come down.</p>

<p>I try to make a value based assessment about each school my son is considering. We take into account many subjective variables such as ranking, prestige, reputation, quailty of program, amenities as well as more tangible data such as graduation rates, retention, access to internships. Son must then also take stock of how much he likes the school, the “fit” of the school, and his desire to attend there. The question then becomes, “Is the school worth the total out of pocket costs that would be needed to attend there?” While my son could certainly attend UConn, I do not believe 40K a year out of pocket is a good value for attending there. Nothing about UConn adds enough additional value for us to overcome the resistance to that price tag.</p>

<p>Of course if we could remove the cost differential between in-state tuition (11K) and out-of-state tuition (29K) then I would be wearing a Husky sweatshirt right now. </p>

<p>The same thing happened to us at the University of New Haven. Great (19K annually) merit aid but only $500 in financial aid. Out of pocket was still close to 28K annually. It is doable (even more so than UConn) but it is not a good value for attending that particular school.</p>

<p>You are way more organized and methodical than I am!</p>

<p>I can say having older children that have already attended college all of the universities in all the New England states are excellent. Save money and send your kids to your home state university unless there are subjects or athletics specific to your children. When they apply for a job they are more likely to get a good job in their home state because so many workers have gone there too! For example if you attend UMASS and you apply for a job in Boston they have a higher chance of getting a job because of other alumni working there. If they have a degree from UCONN or UMAINE it might be tougher unless they were exceptional because there are fewer alumni working there. Basically the alumni network in action! LOL</p>

<p>I am entering the financial data from all the schools to which son was accepted into a spreadsheet for purpose of comparison. UConn has me puzzled as it is the only school where the out of pocket costs do not even come close to the EFC. In fact it is almost 14K more than our EFC.</p>

<p>Same here. My EFC is about 20k and they are only offering me 15k in scholarships–I received no grants; the rest is loans. </p>

<p>Question, though: I received my FAFSA package from UConn before my parents had even filed our taxes, and then our EFC actually went down. Is my financial aid package accurate although we had not even submitted our taxes when I received it?</p>

<p>You should update your FAFSA via the IRS Data Retrieval Tool and then resend the FAFSA to your schools. You can then ask the school to re-evaluate your Financial Aid package.</p>

<p>I don’t think it will make a major difference with UConn. It does not seem like they have or are not offering much aid.</p>

<p>If I call them early- to mid-April, is there any change I can ask for more scholarship/grant money if I make a good argument…? :slight_smile: (wishful thinking)</p>

<p>It is certainly possible but the “good argument” needs to have some basis. For example, showing them that another comparable school was offering a better financial aid package.</p>

<p>I would think that whatever you are going to do you should do it sooner rather than later. I would imagine that once the money is given out to other people, it is hard to get more for yourself.</p>

<p>Our EFC is just under 25K so that is what my hubby and i are hoping to pay ourselves. The rest will be coming from DS’s FA and his savings from jobs.</p>

<p>Yes, I was thinking of telling them that I am highly considering UMass because of my acceptance into the Commonwealth Honors College and their brand-new facilities, and that it would be much cheaper for me to go there than for me to go to UConn. I’ll leave out the fact that I don’t want to go to UMass that much…</p>

<p>Yes, leave that part out.</p>

<p>I don’t know whether this is an estimate but I did find this info about costs for 2013-14 year.</p>

<p>[UConn</a> Bursar](<a href=“http://bursar.uconn.edu/tuit_ugr_20132014.html]UConn”>http://bursar.uconn.edu/tuit_ugr_20132014.html)</p>