<p>I understand you may want to be more private about it. But when you post there, it may be more helpful to describe what the nature of that “business income” is. It’s a bit confusing to me and I was wondering if it’s some kind of joint-venture your parents participate, stocks, or something else. When you said “we did not actually receive any of the business income that we reported”, I wonder if that means your parents own part of the business that made profits but reinvested all the earnings into the business. You don’t have to tell me; I am just telling you what readers like me can be thinking.</p>
<p>Basically my parents are 20% partners of corporation that was started two years ago. Due to this our share of the profits along with all of the other partners was reinvested into the company for recruitment of new employees.</p>
<p>^^I see. I have no idea how NU (or any school in general) treats these undistributed income for FA purpose. I think IRS actually tax those for partnerships even though they were not taken out by the partners (yike!) and I can see arguments can be made for both sides.</p>
<p>Can you guys accept your financial aid awards on your accounts under accept/decline? Mine says award access is not available, but I did receive my package in the mail a little over a week ago. Is anyone else in this same situation?</p>
<p>This incident may prove the rumor that students accepted via binding ED receive financial aid not as generous as via regular admission. My son will apply to NU only via regular admission. Actually, he will not apply ED to any school.</p>
<p>NU meets 100% of demonstrated need either way, so the financial aid isn’t any different for ED vs RD. Plus, students can decline due to financial need in ED, so Universities can’t make their aid much worse, because you’d just have students declining for more aid elsewhere.</p>
<p>Question:
When they say they meet 100% of aid, how much of that would typically be loans/work grants, and how much would be just writing off the difference? Thanks.</p>
<p>So, I submitted the other documents they need for my appeal today. Just wondering if it will take another 7-10 days or if they looked at most of it already.</p>
<p>OP those NPCs are not accurate at all when your parents own a businesss or other such factor that isn’t very straightforward is in the picture. On the financial aid board a young man was ED accepted to Swarthmore and the same thing happened to him. You might want to read that thread.</p>
<p>NW (and Swarthmore) are both very generous schools when you take in all of the colleges. They guarantee to meet full need which is rare, and for ED applicants, it’s as good as it gets, because they really do not want the complications that come with a an ED release of commitment due to insufficient aid. THey want 100% acceptance on ED offers. </p>
<p>I am telling you this, because you are very likely to get the same situation from your other colleges. If you cannot afford NW, you need to very quickly get a release in your commitment and start looking at merit awards. You are late for this if you had not gone forward this way even as you were applying ED. But seriously, the vast majority of schools are not going to be even as generous as NW in terms of aid. The good news is that if you have the goods to get accepted ED to NW, you are a strong candidate for merit money and maybe some FAFSA only schools (which don’t ususally look at owned businesses the same way) might give you a more generous package. They do not tend to give full need but for their top applicants, which you are likely to be, it is possible. But you are running late for the financial aid and scholarhips goodies and you need to start moving NOW.</p>
<p>^I second that. I hate to say this but if the IRS treat them as income, it’s probably fairly common that colleges consider them as some sort of assets for FA purpose.</p>
<p>I just checked CAESAR and NU gave me an additional 3k Perkins loan and $6,700 additional grant. My family will probably make this work, but it will be a struggle.</p>
<p>Is there any room for negotiation for another 2k or so because the aid is still about 7k less than my calculated aid on their financial aid calculator.</p>
<p>Feeling really happy right. Hopefully I will be joining the NU Class of '17.</p>