Financial Aid

Hey guys it’s been a minute!
So I had recently received one presidential scholarship for $1000 and we received our financial aid package in the form of 2 loans; however, paying back loans are quite hard so is there still a possibility that the University of Minnesota: Twin Cities will still give me some other merit based scholarships or grants or is everything I have now the only things that I will get from the U

Are you instate or out of state?
You’d have to contact them but unless you’re being considered for honors college that’s it.
Due to the large amount of loans you mention, the university may be unaffordable. You should not take on more than the federal loans (5.5k for Freshman year).
What’s your parents’ budget?
When you calculate
(tuition fees room board) - ( grants, scholarships) =?
What’s your result?
Do you have affordable acceptances?

Have you checked their website for [url=<a href=“https://admissions.tc.umn.edu/costsaid/schol_campus.html%5Dscholarships%5B/url”>https://admissions.tc.umn.edu/costsaid/schol_campus.html]scholarships[/url]? They have a few, but they’re not guaranteed. Some require students be in the top of their class to be eligible. Others seem to be state specific. I wouldn’t count on getting one.

What’s your budget? Do you have any financial safeties on your list?

Does acceptance into honors typically come with its own merit aid? Our student was offered merit, but still haven’t heard from honors (1580, 4.8 w gpa) The honors program will definitely factor into the decision, so a definitive you are in or out would be helpful. Also be interested to know if it might come with more merit - also a factor in our decision. If anyone more familiar with the school has info - TIA.

@anomy27 at this point all students admitted to the honors college have already been notified both by mail and on the online application tracker. And tbh, the honors college is a joke. The only thing it gives you is bragging rights, a different housing option for honors kids, and smaller classes which everyone gets after freshmen year (and “tutoring” which you can get elsewhere). You get no “extra” scholarships. However, if you do want to enter this “prestigious” group you can apply for it sophomore and junior year still which is much easier to get into than through the freshmen selection.

@Lauren8040 - If honors is so hard to get into via freshman selection doesn’t that kind of make it “prestigious”?

My friend’s kid ended up getting her honors thesis published. So not quite a “joke.”

All I’m saying is that it really won’t help you get a job over someone else in the long run. Thst truly depends on your desire to do research and internships. Now if you do decide to do the honors program, the only positive would be the thesis project as that’s something you can mention during interviews for positions after college, but if you have other opportunities you invested time into, the program doesn’t help you thst much more. I personally know someone in it right now and sometimes the “honors” class is a normal class where the prof gives you an extra assignment compared to others in it.