<p>Hey everyone! I have questions about how i will pay for pomona if i get in because tuiton is pretty expensive. My parents make about $120k and have lots of investments. Where would this put me for financial aid? I don't want to be in debt when i graduate. Also, i was looking at Pomona's website, and what are the "gift awards" they talk about? Thanks</p>
<p>You and your parents should use the various financial aid calculators on the web to estimate what your family's Estimated Family Contribution (EFC) will be, based on their income and assets. Note that it looks like all Pomona financial aid is need based.</p>
<p>Pomona's financial aid website says the following about gift aid:</p>
<p>How is my financial aid awarded? What is a financial aid package?
All financial aid awards made by Pomona College are a combination of gift aid (scholarships and grants) and self-help (loans and student employment). The College's Office of Financial Aid will prepare a financial aid package for each admitted student who demonstrates financial aid eligibility.</p>
<p>So "gift aid" is scholarships and grants, as compared with self-help, which is loans and student employment.</p>
<p>I'm in the exact same situation that you are in Amismartenough...</p>
<p>Unfortunately my EFC is looking like it will be around 32,000, which we really cannot afford. Does anyone know if Claremont Mckenna would have offer me a better package?</p>