<p>I got into Emory as a transfer for the Fall of 2008. The financial aid office told me that they wanted my Fafsa and CSS Profile done by Mid June. They is pretty much done, trying to put in the last minute figures. My dad makes 60,000 a year and the school is 50,000 so we definitely cannot afford it with help. Do you think we will get some financial aid? </p>
<p>Also we dont qualify for the loan replacement grant since the cutoff is at 50,000 but hopefully the loan cap program. Does anyone know about this?</p>
<p>I can definitely help you out with this.
My daughter will be a freshman at Emory in the fall, and we are in a fairly similar financial situation. First off, let me tell you about the Emory Advantage Program. This new initiative gets rid of all student loans for families that make under $50,000, and it caps student need-based loans at $15,000 for families that make between $50,000 and $100,000. (You can read more about the Emory Advantage Program here if you like: Emory</a> Advantage) In my daughter's experience, this loan cap of $15,000 definitely made Emory the most affordable school for her.<br>
As far as the family contribution goes, the best way to get an idea of what Emory will ask your family to pay is to calculate your EFC (Expected Family Contribution). You should be able to access this number after you file your FAFSA. There are also several online EFC calculators (such as this one at College Board <a href="http://apps.collegeboard.com/fincalc/efc_welcome.jsp);%5B/url%5D">http://apps.collegeboard.com/fincalc/efc_welcome.jsp);</a> however, in my family's case, these calculators were not very accurate when we compared their numbers to our official EFC. Emory guarantees to meet 100% of demonstrated need (meaning they will give you grants to pay for all but your EFC plus your student loans). There are special circumstances when they will actually go beyond demonstrated need (such as unusual medical expenses for extended illnesses), but in general, you can expect that your family will be paying the EFC.<br>
My daughter has also secured a few outside scholarships, and these will decrease the amount my family has to pay.<br>
At times the EFC amount might seem unreasonable for some families, but really, in comparison to many other schools that don't meet 100% of need, Emory's financial aid isn't too bad.<br>
I'm not sure if there are any differences in the way this works for transfers, but from what I can tell by looking at transfer section of the Emory website, it should work the same way. Let me know if you have any more questions.
By the way, congratulations on your acceptance!</p>