Financial Aid

<p>730:CR 770:M 740:W
36 Math, 34 Writing, 33 Reading, 32 Science, 34 Composite SAT
Ranked 9/600 students
Live in Connecticut
Applying to following schools:</p>

<p>UMich
UNC- Chapel Hill
UVA
Carnegie Mellon
NYU
UPenn
Babson</p>

<p>What are my chances for sufficient financial aid/scholarships? I'm worries about a lack of financial aid. </p>

<p>I've also been nominated for the Jefferson Scholarship, but my chances are very slim. </p>

<p>Are you looking for merit aid or need based aid?</p>

<p>UMich does not meet full need for OOS students…although i think they are trying to improve that. They have a few very select merit scholarships for OOS students. Very select.</p>

<p>UVA and UNC-CH are very tough admits for OOS students. Again…select merit aid at both…very select. Need based aid would depend on family finances.</p>

<p>I think you have a good chance at Carnegie Mellon.</p>

<p>NYU is notoriously stingy with both need based and merit aid.</p>

<p>UPenn gives only need based aid. Any aid there would be dependent on family finances, not your stats.</p>

<p>Babson? Don’t know.</p>

<p>Would you consider adding Case Western? I think you would get decent merit there.</p>

<p>Ask your parents to run the Net Price Calculators on each schools’ website.</p>

<p>You are worried about aid, so be pro-active and find out what FA you’d likely get.</p>

<p>How much will your parents pay each year? If you don’t know, ask them.</p>

<p>Are you low income?</p>

<p>Which schools are your financial safeties? (schools that you know will accept you and you know FOR SURE that you have all costs covered)</p>

<p>Can’t answer that question without knowing whether you even qualify for aid at those schools or any, for that matter. You don’t determine that. The schools do. Run NPCs on each and that can give you an idea. Even if you qualify for need, UMich, NYU , CMU and Babson do NOT guarantee to meet full need, so you might get gapped. Upenn gives no merit money, and CMU, NYU give out very little. How easy it is to get merit money at the other schools with your numbers, I have no idea. I don’t think anything is on a guaranteed basis. The NPC for each school is the best indicator for you right now.</p>

<p>I go to Babson and can let you know that your stats are better then mine and I got a half tuition merit scholarship to come here. It’s called the Presidential Scholar Award. Babson’s aid is a little unique because the school is rapidly growing in the number of applications it gets and how competitive things are. So naturally the programs shift a little each year, but I would say you should be in the running for a strong merit scholarship. </p>

<p>What does the OP mean by “sufficient aid”? Is this $2000 or $50,000 per year? </p>

<p>If OP has a very low family income, UMich need based aid may be substantial even for OOS students. Significant merit aid is not likely at UMich with these scores though.</p>