<p>i would like to attend a private school fall07 but they expect me to shell out 20k a semester, you can forget about it.</p>
<p>i have EFC of 0, i havent recieved my financial aid package yet. IN-state school. room and board.</p>
<p>Fordham university.</p>
<p>Well, do not think that because your efc is 0 you won't pay for anything. I, too, have an EFC of 0, but my financial aid package for one of the schools I applied for is not all scholarships and grants. There are a couple of loans and work-study in there. Now, you do not have to accect the loans and work-study offered in your package, but you better have another way to come up with the remainder of cost of attendance. You could have outside scholarships (I have some of those).</p>
<p>Fordham does not meet 100% demonstrated need, they GAP ( this the main reason that you are coming up with 20K out of pocket). As a private school they don't have to give you a dime outside federal $$. I don't remember of the top of my head if fordham has HEOP (if you applied and were eligible you may have gotten some $$ through this)</p>
<p>The only thing a "0" efc guarantees you is :</p>
<p>4310 in pell
approx 4500 in TAP (only if you are a NYS resident)
3500 in a subsidized stafford loan
4000 in perkins loan (if the school deems you have an exceptional need)
possibly a 750 achievement grant (if you meet the criteria)</p>
<p>Has you applied to SUNY, this combination would cover pretty close to all of your expenses (you may still have to come out of pocket) and it definitely would have covered everything at CUNY with even some seek or college discovery thrown in (if you have really good grades you would also be eligible for a vallone scholarship).</p>
<p>sybbie: do you have any idea of income limits and TAP awards? I know it is based on NYS taxable income and all NY residents attending NYS schools are eligible for a min of $500. Can you give me a ballpark figure for the remaining fee structure? Is it based on a formula?</p>
<p>Hi bluejay,</p>
<p>the award range is from 500 to 5000 (sorry about the previous posting of 4500) based on the cost of the college.</p>
<p>Here is the link to the TAP estimator. Hope this helps.</p>
<br>
<blockquote> <p>I know it is based on NYS taxable income and all NY residents attending NYS schools are eligible for a min of $500. <<</p> </blockquote>
<br>
<p>It's means-tested. You don't even get the $500 once your income reaches a certain level. (Hence the need to run the tuition payments through a NYS 529 account so that you can get a state tax deduction.)</p>
<p>I hope that you've got some other options on your plate. It is extremely unlikely for someone with a 0 EFC to get enough money from a college that doesn't guarantee to meet financial need. Usually such colleges have limited financial aid money, and will use that money first to meet the needs of their most desired students.</p>
<p>In addition, such colleges usually offer financial aid packages with large loans, the type of loans that would be very unwise for a low income student to accept.</p>
<p>Fordam's being in-state only means that you'd be able to use your Regents money there. Otherwise, the location won't matter.</p>
<p>Where your residence would matter the most is in-state public universities, which would give a priority to state residents for admission and financial aid and also would have lower tuition fees for state residents.</p>
<p>because my income is too low... I applied Jan 1st and emailed them right after I got my award letter in April. Here is the email I was sent.</p>
<p>"I'm not sure why another department is telling you that you qualify for
aid over which they have not control, but looking at your file, the
reason you were not offered a Perkins Loan this year was because of your
EFC. We normally award Perkins Loans to students with an EFC from the
FAFSA of 3000-7000. Your EFC was 0, so you fell below the range of the
award and we did not package you with it. Normally I would suggest that
you write a letter of appeal for the Perkins if you were interested in
it, but for this year, our Perkins Loan funds are gone and we cannot
award any more of these loans."</p>
<p>Is this not pretty obvious discrimination? Isn't the Perkin's loan for the neediest of students?</p>
<p>Are you thinking of the Pell grants (not Perkins) for those with the most need?</p>
<p>No the Perkins Loan is a federal loan for those with exceptional financial need.
<a href="http://www.salliemae.com/get_student_loan/find_student_loan/undergrad_student_loan/federal_student_loans/perkins_loans%5B/url%5D">http://www.salliemae.com/get_student_loan/find_student_loan/undergrad_student_loan/federal_student_loans/perkins_loans</a></p>
<p>that is how my school works -- perkins are for students who don't get pell grants. the school is able to determine how to award the perkins loans based on their definition of needy.</p>
<p>UPDATING CC.</p>
<p>i will pay 920$ out my pocket for tuition a year w/o room+board.</p>
<p>Sounds like you got a really good package. I am glad that it has all worked out for you.</p>
<p>Enjoy Fordham. I'm glad things worked out for you.</p>
<p>thanks a lot =)</p>