<p>4kidsdad- it’s a lot better than 10k</p>
<p>NYU does give financial aid, and talent aid. They don’t promise to meet need and often don’t-- but they do give aid. Per ipeds data, 55% of freshmen receive an average school grant/schol of $17.7K. The average net price for a family making $48K-$75K is $37,486. In comparison, 54% of Northwestern’s freshmen receive an average school grant/schol of $27,986 and the avg net price for a family earning $48-$75 is $20,565. (Those are the prices after free money but not counting loans.) Yale: 54% of freshmen receive an average school grant of $38,397 with net price in the $48-$75 income range of $12,309.</p>
<p>Total grant aid- $44,794 (is a Pell grant part of this total?)
Work study- $2500
Perkins loan- $2500
Stafford loan- $3500 (you should be able to borrow an additional $2000 for your freshman year, unsubsidized)</p>
<p>If I am reading and remembering correctly, it looks like direct billable costs after grants for this year are: $14630</p>
<p>Your Perkins loan, and Stafford loan should cover $8000 of this ($2500 Perkins, $3500 subsidized Stafford, $2000 unsubsidized Stafford).</p>
<p>This leaves about $663o in billable costs to cover this year. </p>
<p>Curious, what is your family EFC according to the FAFSA?</p>
<p>Pell is a grant, not a loan. </p>
<p>The fact that you didn’t get one means that your FAFSA EFC is likely above $6k.</p>
<p>So, your dad earned more than you thought? How much?</p>
<p>And it was non-taxable? That’s a big hit. The NPCs won’t work for that. Non-taxable income is “hit” harder in FA calculations.</p>
<p>Your home equity is also likely hurting you.</p>
<p>What is the breakdown of the COA for NU…maybe you can cut back some of that. But, the school said your cost will go up when sister graduates. When is that?</p>
<p>As a Theater major, she shouldn’t be borrowing MORE. She’s already borrowing $6k for this year…If she graduates with $25l-30k in debt, that’s a lot for a T major. She could be a starving actor for awhile.</p>
<p>
If you are saying that you & your family can afford to pay 7k but not 10k (that Northwestern want your family to pay), you
See [Early</a> Decision Application Instructions: Undergraduate Financial Aid - Northwestern University](<a href=“http://undergradaid.northwestern.edu/apply-for-aid/prospective-students/early-decision-application-instructions.html]Early”>Early Decision Application Instructions: Undergraduate Financial Aid - Northwestern University)</p>
<p>I’m not sure how we reported that… also, it was only for the year 2012. I think it was around $90000?</p>
<p>At this point, Northwestern has made it clear to me that this financial aid is final. I’m going to call them Monday (just to have some human contact I guess, I don’t know what good it will do). My only problem is whether I will get something better somewhere else or if leaving this agreement will be throwing away the chance to go to a really good school for a good price</p>
<p>Did they use 2012 or 2013 figures? You said, “I asked for an appeal but they said that they couldn’t give me any larger of a grant because they saw no changes in my family’s income” but you also said your father had 2012 non-taxable income because he was deployed. Why isn’t that considered a change?</p>
<p>to go to my state school where all the kids in my school go makes me upset…</p>
<p>Which school is that? Is that your flagship?</p>
<p>Have you auditioned for Yale and other schools?</p>
<p>My sister will be a senior next year. Then onto med school but I don’t know if that’s still considered? My younger sisters will be applying to college in three years.</p>
<p>*Actually, the only other thing is that in 2012 my Dad was deployed in Afghanistan and made a lot more money (at least in my eyes) but it was nontaxable- they might have seen that? But to be honest, thats all probably gone. *</p>
<p>I missed that this was in 2012…</p>
<p>I agree that this is a change IF your parents’ 2013 income is lower…OR…it includes all taxable income.</p>
<p>When you asked for the appeal, did you mention that the 2012 income was nontaxable, but the 2013 is?</p>
<p>We haven’t done FAFSA yet. CSS was with 2012 but there is also a letter we sent in explaining our situation, from my dad’s company.</p>
<p>2013 income is much lower… we sent in his last paycheck record thing of 2013 when we appealed…</p>
<p>My sister will be a senior next year. Then onto med school but I don’t know if that’s still considered? My younger sisters will be applying to college in three years.</p>
<p>You need to ask NU if they’ll consider your sister if she’s in med school…many schools won’t because your parents won’t likely be paying for that. </p>
<p>It sounds like “the good price” will only be for ONE YEAR…and then it will go up a lot.</p>
<p>“There seems to be a hole in the QB qualifications if this student has a sibling in college, yet NU would expect the family to pay that much.” </p>
<p>Questbridge does not give additional funds; just matches students to school with generally good aid. </p>
<p>You were awarded significant loans, but it looks like eventually, the school will make that additional grant money, instead of loans:
[Grants</a> Replace Loans for Neediest Students: Northwestern University News](<a href=“http://www.northwestern.edu/newscenter/stories/2008/01/noloanpolicy.html]Grants”>Grants Replace Loans for Neediest Students: Northwestern University News)</p>
<p>“The University will cap federal need-based loans (Federal Perkins loans and Federal Subsidized Stafford loans) for students receiving Northwestern Scholarship assistance. Freshmen entering for the 2013-14 academic year will have their need-based loans capped at $23,500.” </p>
<p>Do you have health insurance? It looks like they will cover it completely for Questbridge kids. I’m just thinking there’s a chance this could mean you can drop your parents’ coverage and save some money. (If your sister is also on your parents’ insurance plan, it may not make a difference to drop you.)</p>
<p>mom2college- that’s my thoughts too on the price. But my family will still be helping my sister pay and can’t do with a higher bill for me anyway… </p>
<p>The thing that annoys me the most is that reviewing my appeal is supposed to take up to 2 weeks, and here I have a very impersonal response less than a week after I sent in an appeal-in the midst of the holidays. They didn’t take much time to reconsider.</p>
<p>2collegewego- My Mom is more against the loans than the 10k. My dad was paying off his college loans until we were all in preschool. And it doesn’t really look like this “no-loan” policy is helping me. or many</p>
<p>Pbunny, check with them about the loan cap policy. The ‘no-loan’ policy doesn’t apply to you; your family earns too much. NU also has a policy limiting federal loans to $23,500. Find out how it works. It may mean (and this is what I suspect) that they will wait until your junior or senior year and then just award you additional grant money to make-up for the loans. So your freshman year is loan-heavy but you shouldn’t have any by senior year. The question then becomes if you can take out additional loans, despite their loan cap-- thereby stretching your financial aid award. My concern is just that Yale is a longshot. </p>
<p>What did Amherst’s calculator say? They are generous. I am wondering if you need to send any last minute applications before the 1/1 deadlines until this is sorted.</p>
<p>All of my applications have already been sent in (as an, unfortunately prevalent, precaution)</p>
<h1>*“There seems to be a hole in the QB qualifications if this student has a sibling in college, yet NU would expect the family to pay that much.” </h1>
<p>Questbridge does not give additional funds; just matches students to school with generally good aid. *</p>
<p>I know that QB doesn’t give funds, but somehow this family’s financial situation is “better” than the typical QB applicant. Most seem to be Pell eligible with ONE in college. This student isn’t even Pell eligible with 2 in college with a family of 6.</p>
<p>*mom2college- that’s my thoughts too on the price. But my family will still be helping my sister pay and can’t do with a higher bill for me anyway… *</p>
<p>Med school is going to be about $50k-80k per year for your sister. </p>
<p>Very few med schools give need based aid, and who knows where she’ll get accepted…likely at a med school that doesnt’ give need-based aid other than full loans. </p>
<p>Likely, she’s going to owe for the full amount and pay with full med school loans, so your parents “helping her” is almost worthless. They should not be helping her with those costs, when your costs will be going up.</p>
<p>When you call the FA office ask them if they’ll take into acct med school or not.</p>
<p>2013 income is much lower… we sent in his last paycheck record thing of 2013 when we appealed…</p>
<p>You need to talk to a live person…and not someone who just answers the phone…someone higher up. Your 2012 income sounds like it was from a contractor that sends employees into war zones and that income isn’t taxed and may include hazard pay. So, there is a change and that needs to be considered. My H’s company does this and there is a huge income difference when this happens.</p>