<p>I just wondered how you are going to pay for Lehigh, if you are going there? Are your parents paying for the whole $40000? Or did you get loans? Or did you get a scholarship?</p>
<p>I'm trying to figure all this out. And I'm not trying to be nosey. Thanks a lot.</p>
<p>15,000 Asa Packer Scholarship, a few thousand loan through the school, then after that either my parents will pay for the remaining or I'll take out a loan, but most likely my parents will take care of it.</p>
<p>My total cost after the need-based grants they gave me is about 20k. My parents can cover the first year, possibly the second year, and then it's up to me to cover the rest through private-loans or hopefully outside scholarships.</p>
<p>Thanks. I really don't want to take out loans and I think my parents will cover abotu $25000 - $28000/year. funk - nice scholarship. Congrats.</p>
<p>One year:
30k from lehigh
18k from scholarships
20k from army ROTC
15k annual army reserve/ROTC income</p>
<p>I have no idea what to do with all the money. :-/</p>
<p>is it like roll over minutes where the excess cash just get applied to the next few years? that would be sweet.</p>
<p>what are your stats, jimbob</p>
<p>was the 30k from lehigh merit or need or both?</p>
<p>No..the $$ doesn't roll over. Keep in mind, you won't get the same amount each year. It usually declines each year...especially if your income changes or if you no longer have other kids in college, etc..</p>
<p>Need-based.
No rollover.
Luckily, much of the army benefits are untaxed.</p>
<p>What exactly is need based. We pay for our son, although he does get $10K Deans Scholar. However, in another year, we will have two kids in college. Is there a certain income capacity point where you automatically become able or unable to go for financial aid. Right now we don't qualify, but hopefully with two in school we will....I just dont' know what the income or assets stats are that "they" look for. Any help?</p>
<p>I've heard that some schools offer aid if, after the first year, you write and call saying you're considering withdrawing from the school because it's getting too expensive. Colleges hate when kids leave, partially because they like to have high retention rates.</p>
<p>It all depends on your CSS Profile and FAFSA.<br>
Once you have a 2nd one in college, you do get more aid.<br>
I was actually the opposite - I had one that just graduated college so our aid was reduced since we now only had one in college.</p>
<p>stm: I think you would have to have extenuating circumstances (illness, job change, etc) for the school to consider giving additional aid..I don't think they would give you more just because you think it's too expensive - If that's the case, sign me up! ;)</p>
<p>i got over $37,000 from grant then a $1,000 scholarship from my school and a $1,000 scholarship from walmart and almost $3,000 loan from lehigh. w/ food plans and fees added in my parents still had to take out a $6,000 loan so it's not that bad.</p>
<p>well it turns out that my parents only have to pay 4,000</p>
<p>to Laxmom:</p>
<p>Do you know how it works when you have more than one child in school? For example, we have one in school now, and our EFC is $53,000, so that destroys our chance for aid.</p>
<p>However, when we have two kids in school next year, do you know if they would divide that $53,000 in half? i.e., $26,500 for each kid? That would mean that we might conceivably get about $10,000 for our Lehigh kid (he gets $10K for a Deans Scholar). Am I dreaming, or can that be really a possibility?</p>
<p>Thanks!!!</p>
<p>i'm about to be a freshman and my sister is about to be a junior. my parents' EFC dropped almost 40% from when my sister first started school</p>
<p>momwithquestions:
We are sort of in the same boat as you and I'm wondering the same thing. Many people on CC seem to be disappointed though, when their EFC does not suddenly get cut in half with two kids. I don't know why that happens. I am also concerned that even if we were to miraculously qualify for need-based aid it would all be loans anyway, and I'm not interested in going that route at this point.</p>
<p>For public schools the EFC is almost cut in half with 2 in school. The slight differences are based on the income/age of the students. Because most private schools use the Profile I'm unclear on how they "divide" up the EFC. But in any case, weenie is correct, it's not just the EFC, it's how the school chooses to meet the need.</p>
<p>mom w/questions - your EFC will not be cut in half...but it will be reduced.</p>
<p>It all depends on the numbers on the FAFSA for each kid, since the calculations are based on the incomes of each kid...if one has more assets than another, this will affect the EFC.</p>
<p>What you may find out too is that Lehigh may give you additional monies or they may reduce...</p>