<p>Has anyone received a great financial aid package?</p>
<p>I just got one from Illinois Wesleyan University. The COA is about 42000. They gave me a 13000 scholarship, an 9000 grant, 5500 in loans and 2500 in work study, 10 hours a week. That equals 30000. Our EFC was 18000 so they basically went over our need by 7000 bucks so I may graduate without loans! Highly recommended school.</p>
<p>You won’t necessarily graduate without loans. That 5500 is loans. If your parents can pay 18K and that adds to your scholarship, grant and work study, THEN you will graduate without loans. But it DOES sound like a very good deal.</p>
<p>Great package. Congrats! </p>
<p>I think IWU’s COA is higher than $42k - especially after increases for the 2010-11 school year, which is probably why the package is what it is. </p>
<p>I think when you include - tuition, fees, room, board, books, travel, incidentals, for the next school year, the COA will be around $46-47k.</p>
<p>I recieved a great financial aid package from the University of Iowa. I’m really excited and couldn’t be more happier though unfourtanely I am still waiting to hear from universities acceptances and/ or financial aid packages.</p>
<p>My package from Swarthmore was actually an insignificant smidge lower than the FAFSA EFC, and significantly lower than what we estimated using Amherst’s online calculator.</p>
<p>I got 16500 free cash, 2500 work study, 3500 subsidized laons, and 2000 unsubed loans (which im gonna delcine), which combined meets the COA. Nothing special, but I’m very happy.</p>
<p>
I’ve read of your financial aid package under the University of Michigan thread and like me you’ve stated that your efc is 0. I find it interesting that if I am admitted into Michigan if I will also be offered the same aid as you, though surprising that would make an out of state school more affordable than an in- state school ( assuming the out of state school financial aid package is/ near constant throughout 4 years attending).</p>
<p>^ What was your package like at U of I? This isn’t uncommon when going to less prestigious schools out of state, I know a couple of friends who got much better deals OOS than in U of M. I don’t mind paying a little extra for U of M though, it’ll be worth it.</p>
<p>University of Iowa may be less prestigious than University of Michigan but it’s a very recognized and respected school as all the Big Ten Conference schools are plus with my intentions of attending graduate school the amount of prestige at a school has very little affect if its a great school like Iowa.
Well according to my financial aid package I wouldn’t have to take out any loans besides 232 subsidized but that would only help with covering peronsal expensives or transportation cost estimated so I probably will decline it if I happen to attend the school. Couldn’t be more excited since I was thinking I would at the least ( best case scenario) be taking out 5500k. If I’m luck ( and assuming if I decided to attend the school) the aid will stay as is throughout the four years but that may be unlikely.</p>
<p>I put in my info into the Amherst calculator and it came up with a EFC (IM) of 2300.
They listed $1800 of that as Student Employment and the rest…all $52k of it as an Amherst grant…of course, I’d feel like I’d died and gone to heaven if I recieved a FA package like that…I’m smacking myself right now for not having followed through in applying to Wellesley with their FA stance for someone in my income bracket…</p>
<p>University of Nevada, Reno offered a package (in-state) that would cover tuition, books, fees and incidentals with a Pell Grant of $5,550 and a “Pack Advantage” award of $3,000 renewable annually. Plus FWS of $2,000. There’s still a gap of $4538 for the COA with living on campus…which isn’t really all that bad, I think. They offered a Subsidized Stafford to bridge the gap…</p>
<p>All of the big ten schools may be good, but the difference between Michigan and Iowa is pretty huge. Many people come from OOS to Michigan and pay the full $47k because of what Michigan has to offer.</p>
<p>
I would have to disagree, and nearly half of Iowa’s student body according to collegeboard is OOS. Though both are great schools, and yes University of Michigan is more prestigous but making prestige a large determing factors is not a great ideal.</p>
<p>Of course, the package from UNR is sort of moot…its my school of last, last, last resort!</p>
<p>WOW U of Illinois was terrible. In state and I got all loans, leaving a gap of around 8000(Not including EFC). So many parents have to pay 8000 extra than their EFC. CYAH!</p>
<p>$52K from U of Rochester w/ $2000 in loans.</p>
<p>I’m really mad that guidence did not tell me about the schools that meet your financial need.
We did apply to vassar and Gettysburg. I am curious to see if they really do meet need. Getting into Vassar may be a long shot.
URI’s package was a total joke…24,000 in plus loans, and 5000 in student loans…
I have to do this again in 3 years so now for my D I’ll be so much more prepared. I just hope my sons outcome is ok.</p>
<p>^^^</p>
<p>Are you OOS for URI? If so, that may be the reason. OOS schools don’t like giving their institutional financial aid to OOS students. They’ll sometimes give merit money, but won’t give much FA…(although sometimes great FA packages are linked to great stats…kind of a "we’ll scratch your back if you’ll scratch yours).</p>
<p>IM OOS for URI…
We were offered the 40,000 dollar scholorship…10 k a year…
but it was not enough…
O well!! NEXT!..</p>