I don’t think I can qualify for financial aid, but does that exclude me from being eligible to receive scholarships? Someone told me that many scholarships are merit-based, but are initially need based, so only those in need of money can qualify for these merit scholarships? Or am I wrong? Someone please clarify! Thanks!
Most colleges offer merit scholarships that have no need component.
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I’m currently a rising sophomore at University of Michigan (Ross Pre-Admit) and I’m looking to transfer to another university for the Fall 2016 Semester. Please let me know what my chances are for each of these schools, and what I could potentially improve on.
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You’re a transfer student. You’re not eligible for most scholarships from colleges.
You mention that you already have an annual scholarship. Is that from UMich?
You’re from NY and you indicate that you don’t need aid.
The schools on your other posts don’t offer merit aid, and certainly not to transfers.
None of the schools on this list give merit scholarships to transfer students. MOST don’t give merit aid to incoming freshmen either. They give need based aid only.
If you don’t qualify for sufficient need based aid to attend, then don’t apply. You will likely be a full pay transfer student at all of these schools…some of which take barely any transfer students anyway.
@mom2collegekids yeah… its quite clear i don’t NEED finanical aid, i thought we already established this from the title of my post. And yeah I currently have a scholarship but im wondering if I would be able to get one if I transferred out
@thumper1 thank you for the clarification. But I don’t NEED any need based aid, so i’ll just apply anyways, i’ll probably work out to my advantage too right? Since other transfer students who need merit scholarships can’t get them? So less competition?
Just curious though, how much do people have to make a year to qualify for financial aid?
Are you saying your family can pay the full cost of attendance at all of these schools…upwards of $50,000 a year?
If so, go ahead and apply…but do keep in mind what has been said about transfer admissions at many of these schools…they are not plentiful in number. Getting accepted as a transfer is more difficult than gaining admission as an incoming freshman.
Re: income to qualify for need based aid…depends on the school. But if your family income is above $150,000 a year, you won’t be seeing need based aid.
And for Cal…you won’t probably get a nickel of need based aid. You will be expected to pay the differential between in and OOS which is $23,000 PLUS your family EFC PLUS a student contribution.
@thumper1 yes that’s what I’m saying
And I feel you’re somewhat mistaken on this. I can imagine it’s a little harder to get accepted as a transfer student, but its definitely not because the acceptance rates are lower; the strength of the transfer applicant pool is simply a LOT weaker than that of the high school seniors since most of the transfer applicants are just sub-par students from community colleges (low sat scores, likely mediocre writing skills, little money etc…)
Even if they had a 4.0 at a community college, I highly doubt that would look better than my 3.8 at the University of Michigan
Honestly, I know my only competition consists of students trying to transfer out from other legitimate universities, and I know there are definitely a lot of other really qualified students from other good schools who are competing against me
You have some mistaken notions. For one thing, CC students are given priority at UCs including Berkeley. Also the top tier schools have ultra qualified transfer students from other Ivy and equivalents, the pool is usually very strong. And the transfer rates are much lower at many, dartmouth 4%, Brown 5% for instance
Not to say don’t go for it, but just be realistic. Make your application really tailored to each school. And I don’t see you getting any merit aid from any of these for transfers. Most don’t give any, I don’t think any of the schools on your list do. Not the privates and Berkeley focuses on need aid for instaters.
OP- you have a faulty understanding of transfer admissions. In some years, the number of transfers is close to zero. Not because of the quality of the transfer applicants- but because the university has no room. Colleges don’t accept transfers because they want to be benevolent- they do it to fill empty beds in the dorms and empty seats in the lecture halls. In years where fewer kids take leaves of absence, go abroad, or drop out, those empty seats/beds don’t exist in quantities high enough to justify taking transfers. I went to Brown and remember meeting the two transfers that were admitted my sophomore year. Just two. Zero the prior year; zero the next year. But one year- the university took two.
The second issue is merit scholarships- which is easy enough to figure out. Some schools give them, many of the schools on your list do not. So you will get zero in merit aid. Easy enough.
Why are you transferring???
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its quite clear i don’t NEED finanical aid, i thought we already established this from the title of my post.
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? Uh, no. That’s not what your title indicates…
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If NO Financial Aid, chance of Scholarships?
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Your title just indicates that you don’t qualify for FA. It doesn’t tell us that you don’t NEED any aid.
Just curious…why would you consider giving up being a pre-admit to Ross with a good-sized merit award? Don’t you like UMich??
I seriously doubt that there are 7000 students in YOUR classes. As you move to upperclass status, class sizes typically become smaller.
Are you having buyers remorse for not going to CAL last year?
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Obviously the reason reason I want to transfer is to have better prospective career opportunities and a stronger alumni network, while also learning in a smaller classroom environment. Quite frankly, I’m not the biggest fan of being in a graduating class of 7000 students.
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You write that as if all 7000 will be Ross graduates. How many will be Ross graduates and in your specialty?
https://michiganross.umich.edu/programs/bba/class-profile
Total 2016 Ross class size…500 students.
Wharton has 2500 students total. So not all that many less per class. And some of their classes are up to 100 students.
Cal has about 248 students in each business school class, but the school itself is large.
if your Ross grad class is 500, then that isn’t a big deal, particularly when your specialization (finance?) will have a lot less.
Guys Ross has maybe 500ish kids, but the entire grade itself has 7000 people. It’s too big for me… Also Ross is just full of idiots. Maybe 1 out of every 5 kids is like relatively smart, but the rest, not so much…
And I get that universities accept transfers based on the number of extra spaces they have left from dropout, external transfers of its own students etc… but end of the day, pretty sure that I’ll have a way bigger advantage being a high performing student from an actual university compared to the community college kids
Wow,
unbelievable.
Well, we need your $55K per year, so apply to our California schools. We will gladly part you from your money.
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Also Ross is just full of idiots. Maybe 1 out of every 5 kids is like relatively smart, but the rest, not so much…
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Life sometimes has a sense of humor. One day you could end up working for one those “idiots”. It’s a good thing you’re relatively anonymous here.
Hahah very true, life plays out in funny ways sometimes, and I’m not denying that possibility. But I feel like this possibility would potentially be reduced if I was at a better school huh? You ever hear of Fortune 500 CEOs or Bank MD’s coming from Ross? I don’t… From Ivy leagues? I hear a lot