<p>Last week I got my financial aid package and I was awarded 3,000 for the 2012-2013 school year in pell grants. I also got a bit over 1,000 in SEOG. I only got 17,000 in grants from my school though. How is it possible that I qualified for pell grant and seog but got less than 20,000 in grants (I got to a school that costs over 50,000)?</p>
<p>The school most likely determines your financial need based on the CSS profile, which means that they could expect you to pay more than what the FAFSA calculated. Also, the school you are attending might not meet 100% of need.</p>
<p>If you are attending Villanova (shot in the dark), they only meet 82% on average. That means you could possibly pay anywhere between 100% to 0% of the expected cost of the school, even if you have need.</p>
<p>Your Pell Grant is determined by your FAFSA’s EFC.</p>
<p>Most school will use the grants, student loans, and work-study to meet your financial aid need.</p>
<p>Very few school will only using grants to cover your need!</p>
<p>So, I think you and your parents need to borrow about $30,000 for you to attend this school.</p>
<p>I think 4kidsdad is kidding.</p>
<p>i don’t think anyone thinks a Pell family should be borrowing $30k per year. That’s $120k debt for college. </p>
<p>that is way too much debt. </p>
<p>Yes, it does seem that the school is 'Nova</p>
<p>The EFC is a misleading term. The FAFSA gives you an EFC, but think of it more of an index for how much federal aid you are eligible for. Just because your federal EFC is x does not mean that any school, private or public is obligated or able to just charge you your EFC as determined by the FAFSA. Schools use their own methodologies to determine how to distribute their institutional funds. </p>
<p>If you and your family have to borrow $30k per year for you to attend this school, then this school is most likely not an affordable option.</p>
<p>Only 17,000 dollars in grants. Greedy much?
I think you should be considering a cheaper school.</p>