<p>Son accepted here, significant financial aid PKG offered, lot's left over for us, but we're working on it. Can we expect the same from the school the next 3 years if our situation stays the same?</p>
<p>Most schools, most of the time, do uphold their fin aid packages if the financial situation stays the same. They do expect the student to take on more of the cost each year–most all schools, even the most generous ones do, and costs go up each year as well. Upper classmen housing is usually more expensive than the standard double for freshmen, but often includes kitchen facilities so that meal plan requirements are often waived or lowered, and savings can be realized there. FOr those schools in areas where there are cheap student digs, going off campus can result in savings. Don’t know if NEU is a school where that option is likely.</p>
<p>When I started, I recall them saying that they guaranteed their university-offered need-based aid for your time at Northeastern, even if your financial situation changed. Is that still the case?</p>
<p>The Northeastern Promise:</p>
<p><a href=“http://www.northeastern.edu/financialaid/grants-scholarships/promise.html”>http://www.northeastern.edu/financialaid/grants-scholarships/promise.html</a></p>
<p>thank you!</p>
I know this is an older thread but I want to get a clarification if i can - does the Northeastern Promise mean that FA stays the same even if your financial situation improves?
I have read this but it’s not crystal clear to me: http://www.northeastern.edu/admissions/cost-financial-aid/financial-aid/
Also, pharmD is a 6 year program, not 5. I understand there is no FA during co-op, but what’s the situation for this additional year?
related info - son went to Emerson. they say money stays the same if your situation doesn’t change “much”. I gave up my 2nd job and wifey got a raise so we should be the same next year. but I also found out the grant he got was based on “in campus” meaning if he moves off campus the grant will be reduced.
Good additional thing to ask, thanks.
Northeastern uses the same cost estimate whether you’re living on or off campus (including cost of housing), so that shouldn’t impact financial aid.
@OHMomof2 - There will be several components to your overall financial aid package. There are, of course, outside scholarships and grants which have nothing to do with the school or government. The school provides two types of aid; merit- and need-based aid. Merit-based aid (excluding full-ride) is usually awarded as eight semesters (and only eight semesters) of $XXX, and this does not fluctuate at all. There is also university gift aid, which is based on the CSS Profile you submitted. This is where the Northeastern Promise applies. At the very least, it will always go up by the same percentage as tuition; but it will never go down, even if you win the lottery. Finally there is federal aid, awarded based on the information provided in the FAFSA, which comes in the form of Perkins and Stafford loans (both subsidized and un-subsidized). While still loans, they have much lower or no interest with various perks regarding when you have to pay them off. If you show more income than last year, your federal loan allowance will likely go down somewhat.
IMPORTANT NOTE: Many degree programs at Northeastern include, at some point, participation in a graduate degree program. This applies to BS/MS accelerated programs, the physical therapy program, and possibly the pharmacy program (I’m not certain). There is a point when you transition from undergraduate student status to graduate student status. When this happens, your tuition increases somewhat and you become ineligible for certain types of aid. Talk to a financial aid adviser for more information on this.
@axeaxe thanks for the info. If she choose NEU we’ll definitely talk to the FA office about this in depth, and about the 6th year of PharmD, but it’s nice to have a sense now.