<p>JHU isn't a full need school, so is its financial aid very poor? Why don't they claim to meet the full need of students? Do they consider the number of kids in college, and home equity.</p>
<p>With income at 120k
savings 400k
but 2 children in college'</p>
<p>i can expect a 25k EFC at most schools, what about JHU?</p>
<p>Hopkins strives to meet the full need of admitted students and does so in the vast majority of cases. Unlike some of its richer peer schools, Hopkins does not guarantee that full needs will be met and some FA may be in the form of loans as opposed to grants. Compared to the vast majority of schools, Hopkins endowment is quite impressive; it does not compare, however, with the likes of Harvard, Yale or Princeton. Its endowment is, rather, about the same size as Brown’s. Due to these limitations on endowment income, Hopkins (like all except the uber rich universities) funds financial aid largely through tuition income. In other words, the students paying full freight end up subsidizing their less well-off friends. But since the market places a limit on how how much a school can charge for tuition, there is a resulting limit on the amount of money available for financial aid grants. </p>
<p>Financial Aid awards can sometimes seem arbitrary–with different schools computing different EFC’s on the same basic information. If financial aid is necessary for you to attend school, the best advice is to apply for regular admission (as opposed to ED) so you can compare awards at schools you were accepted to. Don’t be surprised if the awards vary widely and unpredictably. </p>
<p>Hopkins does devote a lot of resources to financial aid but the nature of the beast is that some students will be very happy with their award and others disappointed. That’s one of the reasons for applying to a number of schools. The EFC calculator available on Hopkins’ website will give you some idea as to what to expect from Hopkins’ FA office. </p>
<p>President Daniels has made it a top priority for Hopkins to move to guaranteeing full need but, in the present economy, it likely will be a while before this is fully accomplished.</p>
<p>Thank you. So they do have great financial aid, like Brown or Columbia, they just cannot guarantee full need?</p>
<p>JHU has very strong FinAid in my experience and comparable with most ivies.</p>