Financial Aid Packages

<p>What does everyone think of their financial aid? I was accepted but with NO aid at all. I am from a middle class family with 3 other kids that need to go to college after me. My family was not expecting a lot of aid but $52,000 per year is crazy! I am a National Merit Finalist but no money for that either. :(</p>

<p>That seems… out of place. Maybe you should check with the university to make sure there wasn’t some mix-up; unless you had >$100k stashed away under your name somewhere, and your family makes >$100k/year, it wouldn’t make sense for them to offer no financial aid.</p>

<p>Is your EFC >$50k?</p>

<p>Agreed. Assuming your family is middle class like you said, it’s pretty much impossible that they didn’t give you any financial aid. At least not loans or something. Was there a letter stating you didn’t get aid, or no mention of aid at all? If there was just no mention it’s possible they’ll sent you a package at a later date due to a mix up when they were calculating it or something…definitely call.</p>

<p>Hi! I’m in the same situation. Admitted, but just to find the money. With the difference that I’m an international. We are 3 kids + our mother. 10k per year.
Some ideas how to find the money?</p>

<p>The problem with describing one’s family as middle class is that the term is relative to the location in which one lives. In other words, falling into the middle class category when living in a high income area (such as NY) is not the same as falling into the middle class category in a low income area. The typical middle class family in an area such as Long Island may actually be considered a high income family in many other places throughout the country. In short, never assume that one will receive good financial assistance no matter what is advertised on a college’s website. This goes for all colleges and not specific to Univ. of Richmond.</p>

<p>Thankfully, I recieved a very generous financial aid package from Richmond.
Can’t wait for August!</p>

<p>Same here…accepted… no aid, except for 50K in loans. Don’t think so, there are other schools that have offered quite a bit of scholarship money. Funny to be a semifinalist for the Richmond Scholars then they don’t even act like they want you to come to the school! :-/</p>

<p>The money situation is incredibly tight this year, given that Richmond, which had more than $1 billion endowment, restricts its financial aid.</p>

<p>Wonderbreadmom–we’re just the same. I really loved UR, but no FA offered. I thought he had a chance at a Presidential Scholarship, but nothing but loans. :frowning: Bummer…</p>

<p>Accepted with grant but no scholarship of $23K+. However, if you receive any outside scholarships, from what I can tell, they will deduct from your financial package offer. So far, my D will have $7250 in scholarships to date, so take it down to $15,750 or lower if more offers??? Is that right? If so, we will be rejecting as better offers elsewhere.</p>

<p>i’m international. waitlisted but no aid…</p>

<p>were merit scholarships included in the acceptance package? I received 17K/year in grant funds, and 7K/year in “Self Help Funds.” has anyone heard about the presidential scholarshp?</p>

<p>ps13,</p>

<p>I have dealt with UR’s fin aid people in the past and now have a 2nd student that has been accepted.</p>

<p>As I understand UR’s fin aid policy, outside scholarships reduce self-help (loan & work-study) awards first, and then it reduces grant awards. I’d check with the fin aid office to determine the precise impact to you. email might be better than calling so you can avoid any misunderstandings. Try to get actual numbers and make it clear that you are trying to make an enrollment decision based upon the best information available. You might also ask if the outside scholarship policy is subject to change in future years.</p>

<p>For outside scholarships are not renewable, then consider the impact upon all 4 years when comparing UR’s FA package to other schools.</p>

<p>standrews,
Thank you. I will do that. Our EFC is at a strange figure, and although D did not get scholarships at UR, our total due at UR is actually $4,000 less than Denison (who is well known for financial/merit aid). Received Founders Scholar scholarship but no financial aid there. Our other choice is COW (Wooster) and would actually owe about the same amount as UR but again no financial aid, just scholarship. It is a flip-flop situation but still owe the same amount. </p>

<p>It makes me a little wary having a grant versus a scholarship as your income can go up, so grant goes down versus a set price with scholarship (other than tuition increases) each year. I absolutely fell in love with UR. It is a dream college. However???</p>

<p>biobabe, merit aid was included in the packet. If you received a Presidential scholarship you should have received an extra piece of paper explaining your award along with the listing on your financial aid packet.</p>

<p>My D also has no scholarship from UR, but a university grant brings it to just within reach for us. (Almost … just past fingertips …) I’m wondering what would happen next year, though, what’ll happen to that grant amount. Our son is graduating from college next year, and our EFC will likely go up after that. </p>

<p>My D has a good scholarship offer to Ohio Wesleyan, renewable if she keeps her grades up. There’s no such promise with university grants, correct?</p>

<p>carol,</p>

<p>Since UR uses FAFSA, your EFC for your daughter is 50% of what it would have been had your son not been in college. It will go back to 100% next year when your son graduates. In addition UR increases self-help aid by $1000 in the 2nd year and another $1000 in the last two years, which means $1000/$2000 less in grant money in those years.</p>

<p>I’m kind of in the same situation as you and plan on contacting UR’s fin aid office. I’m trying to build a 4-year picture and need to get some questions answered, such as what is our EFC this year? I didn’t see it in the fin aid award letter.</p>

<p>Didn’t you get a copy of your FAFSA? We did. I don’t recall if it came from UR or from the Fed but someone sent us a copy.</p>

<p>i’m an accepted early decision 1 applicant. i received my estimated aid sheet they gave in december based on the previous year’s financial status of my family. the tax returns for this year didn’t change at all (EFC remained the same on FAFSA), but when i received my final financial aid notification a few days ago, they halved the estimated aid they said i would get. </p>

<p>did any other ED people get significantly less aid then estimated? has any one had success fighting for more aid and been giving more?</p>