<p>My FAFSA EFC is 0. My Carnegie Mellon Undergraduate Grant is 15860.00. I want to know if this is what people normally get because even though my expected family contribution is zero, I will need to be paying around 19k each year and this does not include the federal loans =[</p>
<p>Is it 15860 per semester or per year? I know CMU is notorious for lackluster financial aid. Maybe you can appeal? That would be an insane amount of loans to pay back if you’re including the 19k you’d have to take extra in loans. </p>
<p>Tell them your situation and ask for more aid. Or if you got into a comparable/peer school, and they gave you more aid, ask them if they can match it.</p>
<p>It is 15860 per semester…</p>
<p>Ans. No! You got a $31,000 scholarship, which probably is without restrictions or conditions save if you start flunking out. Your net cost is very close to what you would have to pay for an instate university. If you cannot afford this amount and you got a substantial scholarship from your state school, then you consider your state education possibilities. </p>
<p>The out-of-pocket $19,000 can be reduced by several thousand by selection a triple of quad living plus a low meal plan the first year and then followed up with eating on/off campus at the various restuarants/food stands.</p>
<p>Congratulations.
You should consider ~$12,000 for room and board whether you attend a state school or a private. Remember that CMU guarantees 4 years of university housing. So only ~$7000 remains, but $3500 is from goverment student loans (which all schools assume that you take) leaving only $3500 for you to find. This amount will apply to any school that you have selected.</p>
<p>Wait! I’m so sorry, made a typo. I meant $15860 per YEAR, not semester. So the financial aid per semester is 7930.</p>
<p>Award Name Date Offered Fall Spring
Carnegie Mellon Undergraduate Grant 10-apr-2009 15860.00 7930.00 7930.00</p>
<p>how bizarre-o! do you have any assets, or are you an international student?</p>
<p>are you waitlisted?</p>
<p>It’s not that bad. Mine is about 11800 for the year, and my EPC in FAFSA is also ZERO. They gave me about 5700 loan, which really kind of freaks me out. And they are not giving me any work study even though it shows a work study for 2800…</p>
<p>10-apr-2009 11763.00 5882.00 5881.00 Carnegie Mellon Undergraduate Grant
10-apr-2009 14575.00 7288.00 7287.00 Tartan Tradition Grant
10-apr-2009 3000.00 1500.00 1500.00 Federal SEOG
10-apr-2009 3400.00 1700.00 1700.00 Estimated Pell Grant
10-apr-2009 750.00 375.00 375.00 Estimated Federal ACG Grant
10-apr-2009 4000.00 2000.00 2000.00 Estimated Pennsylvania Grant
10-apr-2009 2800.00 1400.00 1400.00 Federal Work-Study
10-apr-2009 1500.00 750.00 750.00 Estimated Federal Perkins Loan
10-apr-2009 3500.00 1750.00 1750.00 Suggested Subsidized Federal Stafford Loan
10-apr-2009 2000.00 1000.00 1000.00 Suggested Unsubsidized Stafford Student Loan
10-apr-2009 2000.00 1000.00 1000.00 Suggested PLUS/Alternative Loan</p>
<hr>
<p>2k EFC</p>
<p>^ that is VERY impressive FA. I really wish I did ED. :(</p>
<p>do you guys think it’s worth the money?</p>
<p>my dad says that, at best, we’d be in debt 60k after my graduating from CMU. Is it worth it? He says money doesn’t matter… but that is such a lie 
he wants to take out a huge loan.</p>
<p>(our financial aid is about 22k in grant money per year, 8000 in loans, and my dad says he can pay $5000/yr - his salary is pretty low, mom doesn’t make $)</p>
<p>What is your major? 60k for four years is not bad, depending on what work you go into you could be making around that much or more when you graduate. Are your parents doing a Parent Plus Loan as well? I believe this is what my family did, and the total amount I had to pay back myself is much less.</p>
<p>This is something you should talk over with your parents some more and work out. My family has the same philosophies: the cost of education is worth it.</p>
<p>BUT be sure that you are willing to live with that cost when you graduate. Our economy could improve in 4 years, and who knows, you may consolidate at a very low rate. Definitely something to think over. However, I think as long as you aren’t looking at over 100,000 dollars you shouldn’t completely throw the offer away just yet.</p>