financial aid thread

Colleges and Universities A-Z Carnegie Mellon University
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<p>Can you guys post what you got in your financial aid packet?</p>

<p>Briefly state your grant/scholarships and loans.. along with your EFC..</p>

<p>Carnegie Mellon's tuition is so expensive that even with the financial aid..</p>

<p>I still end up borrowing 37K a year... </p>

<p>Since I didnt get a better scholarship or grants from anywhere else since all the colleges I applied to were states school, I can't compare with other aids in order to get more money from Carnegie...</p>

<p>Can you tell me ways to get more aids especially grants and scholarships from Carnegie?</p>

<p>Also, can the university endowed scholarship and CMU undergrad grant be taken away if you do poorly in school or your EFC goes down? And are these guaranteed all four years? Can these increase or decrease?</p>

<p>Please help me.. I'm so confused..</p>

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<p>i mean if your EFC goes up..</p>

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<p>My d had both scholarship and grant go away when her efc went up. I do not know how to get more, there may be more to apply for in the individual colleges once you are there but keep in mind that the level of student there is very high so that is what you are competing against.</p>

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<p>Cost of Attend : 52,986
EFC : 12,360
Totale Fin Need : 40,626</p>

<p>Grant : 18,270
Work Study : 2,800
Loans : 9,500
Total Aid : 30,570</p>

<p>Unmet Fin Aid : 10,056</p>

<p>Umm.. pretty much my parents are paying 35,000 a year (my parents won't loan).. ya.. they made a little over 36K last year.. GOOD BYE CARNEGIE</p>

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<p>My EFC is 0 ZERO, and I have to take out 35k in loans. BUUHH BYE CMU</p>

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<p>djvu009, does that mean you got 17000 in grants from cmu?</p>

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<p>I got an email, but apparently I have to pay $10k and I have like $8k in loans. My EFC is 0 though :(</p>

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<p>metaldragon2400, so how much did cmu give you in grants/scholarships?</p>

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<p>Wait, if you need to pay $10K, doesn't that make your EFC $10K?</p>

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<p>Grant: 27265
Work/Study: 2800
Unpaid total: ~$30K
Cost to attend: ~$20K
Amount more than UChicago gave me: ~$12K</p>

<p>Praise Allah!</p>

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<p>
[quote]
Wait, if you need to pay $10K, doesn't that make your EFC $10K?

[/quote]

The difference is this--EFC is usually calculated from some random formulas judging how much your family can reasonably be expected to pay for your college education; the $10K that metaldragon2400 is talking about is, instead, unmet need.</p>

<p>And yeah, I got my financial aid letter...$19,575 grant, $2,800 work study, $9,500 loans, $9,135 EFC, and $11,670 unmet need. Kind of a downer; CMU was my first choice, but my parents told me point-blank that we simply can't pull off paying the extra unmet need, so I'm heading to one of my back-ups next year. Ah well.</p>

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<p>damn i still havent gotten my finaid package.. i got my decision but do you kno when it comes.. ??</p>

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<p>Award Name Amount Creditable</p>

<p>Federal SEOG 3,000.00 Y
University Endowed Scholarship 1,500.00 Y
Estimated Pell Grant 4,731.00 Y
Carnegie Mellon Undergraduate Grant 19,644.00 Y
Estimated Federal Perkins Loan 2,000.00 Y
Suggested Subsidized Federal 3,500.00 Y
Stafford Loan
Recommended Alternative Loan 4,000.00 Y
Federal Work-Study 2,800.00 N</p>

<p>Total Award 41,175.00</p>

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<p>ya.. apparently CMU doesn't meet 100%.. that pretty much blows..</p>

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<p>Lol yeah... my dad is the only one who works and he makes $15k a year. I don't know how I'll even be able to get a job to meet that $10k unmet aid if I have to do work study also.</p>

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<p>^^ umm you go to a different school?</p>

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<p>Grant-39,150
work-study- 2,578
Loan-3,500
Total Aid-45,228
EFC-8,672</p>

<p>I'm happy with my offer but scared it will change, because my sisters are leaving grad school in 2 years.</p>

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<p>^That's a great offer. Essentially all you got to do is to pay for R & B which is essentially the EFC. Your sisters will have no bearing on your FA because no matter where you attend, the affect of your sisters will have the same result.</p>

<p>Congratulations, The E ticket.</p>

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<p>Grant- 27,000
Work/study- 2800
Loan- 10,000
Total- 40,000 ish...</p>

<p>ahh i definitely need more! what do i do?!</p>

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<p>CMU Undergraduate Grant: $31,885
Stafford Loan: $3,500
Other loan: $4,000
Work Study: $2,800</p>

<p>Total: $42,185</p>