<p>Hey guys, so I was recently accepted into Northwestern and I was elated! It was a dream come true given it being my only reach school. I was given my financial aid package and it was amazing, totaling 25k without any subsidized loans. It ends up costing LESS than what my other choice was, which was UIC, a public in-state university.
My issue is what it will cost in the long-term, beyond my freshman year. I have an older brother who does go to UIC and he's graduating after next year. The school made note of my cost being so low due to this fact. We have an adjusted income of 80,000.
So, how much will aid decrease in the future years? I don't want to commit only to have to deal with ridiculous prices my junior year...</p>
<p>Thank you for reading!</p>
<p>What was your EFC? If, as an example, your EFC was 25k this year, AND your brother was in school with a similar EFC of 25k, then once he is out of school and you are the only student in school, your family’s EFC for YOU could be 50k, IF your family’s income remains about the same. So yes, you could be expected to pay 25k the first and second years and 50k the third and fourth years. But, your brother would no longer be in school so your parents would hypothetically have more money to pay toward your school. So you had no loans in your package? Did you have work study? Those might be offered in the future but it is all pretty difficult to predict.</p>
<p>I think I have responded to you already in another thread. You should try the NPC with scenarios to get a feel on the changes. It predicts my D’s FA very well.</p>
<p>@psychmomma My bro’s cost is about 20k so if what you’re saying is true, that’s really scary. My dad is already pushing it at 25k given our household income. But thank you!
@billcsho Okay, I will definitely try that! I’ve been doing it and its a slight increase but they also are inaccurately calculating some stuff but I will try again. Thanks!</p>
<p>S is a junior at NU and D graduated from college last year! So will find out the new FA soon…keeping the fingers crossed.</p>
<p>@NorthwesternDad Oh, that’ll be like my situation. Do you mind updating as to how much of a significant increase in cost it was? As in alot or a little? No numbers…
Thanks!</p>
<p>Absolutely…my guess is that for the current students, the FA comes out only in June.</p>
<p>@working123. I recommend you call NU’s financial aid office and ask them to give you an estimate of how your financial aid would change once your sibling graduates. FYI, according to their web site, the average scholarship for families whose adjusted gross income is in the $60,000-90,000 range is approximately $36,000.</p>
<p>@CCMom2U I’m going to call the office tomorrow to get more detail on this issue, it’s best to do that. But, that sounds really promising according to that stat. I appreciate the link!</p>