PLEASE HELP! I received no financial aid from my top choice (Northeastern University), What do I do?

You better do this ASAP because there are already major cuts happening to the NYS state budget. You need to make sure that if anything happens you are already grandfathered in.

@DrSenioritis: any update?

@MYOS1634 Hey yes, so I appealed Northeastern’s financial aid and only got $5,000 more in merit aid (strange that it was merit aid, but whatever). Anyways, they can go to hell. I received an invitation to the Binghamton’s Scholars program, so I will be committing there soon. I am still on the Vanderbilt waitlist, ive done everything possible for it as well (letter of continued interest, new teacher letter of recommendation, sent in 3rd quarter grades, and my guidance counselor emailed admissions), so if I get off of that waitlist my mom would want me to go there, and I ran the net price calculator and it would actually come out cheaper than Binghamton, since they do not count home/property equity as heavily. Thanks for everyone who helped me, I’ll keep you guys updated if I hear back from Vanderbilt! In the meantime I am excited to be a part of the scholars program at bing!

Congratulations! Scholars is awesome!
Fingers crossed for Vanderbilt.

This is excellent! A win-win for you. Binghamton is a great school at a great price, and if you get off the waitlist at Vandy, you’ll have an additional great option! Congrats!

@BelknapPoint calm down
 @DrSenioritis is just a kid,

@DrSenioritis I feel for you, it’s hard to see what is just within your grasp, but too far away $ wise. You might want to look into Outside Scholarships for next year, or work during the summer. That’s what my son is doing for the school he chose that is $18K out of reach for us.

Outside scholarships often must be paid directly to the college. Many colleges will then reduce the student’/s FA for the amount of the scholarship, so net-net the student is in the same place financially speaking
after having done what is usually a significant amount of work applying for scholarships.

Schools are different in how they apply outside scholarships and some will start by eliminating work-study for example, which still can benefit the student.

Bottom line make sure students and their families understand how their colleges handle outside scholarships.

Lila
 the post you have quoted is from 10 days ago. For full context, between my post you quote (#11 in this thread) and my previous post (#10 in this thread), there once was another post from OP that my post #11 responded to. That post by OP was removed, presumably because of inappropriate content. You can fill in the blanks as to why my post that you now object to carries a certain tone.

Anyway, I’m glad that OP has ended up in a situation he is happy with that appears to be a win-win, with the possibility of being pulled off a wait list for a further option.

Here is Northeastern’s position on this:

https://studentfinance.northeastern.edu/applying-for-aid/undergraduate/types-of-aid/scholarships/outside-scholarships/

“Outside awards are considered part of your aid package, and in most cases will be applied first to unmet financial need, then to replace loans and/or work-study, and if necessary, to reduce institutional grants and/or scholarships.”

An Outside scholarship would bring the unmet need down, which is what @DrSenioritis is trying to do.

My son did the same and applied $15K of outside scholarships to COA, while keeping his aid. We will loan him the $3K which he will pay back after securing an internship for the summer next year.

Unmet need does not usually include your calculated family contribution. The colleges expect you to pay that. Your need is what the balance is when they subtract your family contribution from the COA.

It’d not “unmet need”* as estimated by the family. It’s “unmet as estimated by northeastern” which can be very different

Hey guys, thanks for coming back to check in! yeah Binghamton scholars is great im really happy, I get to live in the newest dorms and I also get a scholarship to go abroad along with many other things! Fingers crossed for Vanderbilt as well, it has always been a dream of mine to attend, but in the end it all works out for the best whether or not I get off the waitlist. Thanks for all your support!

By the way, you got merit instead of need because your situation did not fit their criteria for increased need based aid. When I worked in financial aid, I never deviated from my need based aid policies. If I chose to award additional aid in order to further assist a student, I used the merit fund. Although your choice to turn it down makes sense, at least their increased offer was based on the fact that you were a student they would have liked to have say yes to them.

Best wishes on Vanderbilt. My D went there & loved it.

Congratulations. You have a terrific opportunity at Bing.

If Vandy works out
you will have some thinking to do!

Good luck with Vandy and congrats on Bing. Will the schools’ decisions about fall campus reopening plans affect your decision?

@jym626 im not sure. Going to have to cross the bridge if/when i get to it.

Most students get $12k to $20k at EU if your parents’ annual income is under 150k. 18k sounds about right, especially if your parents owns property and other financial assets. It will cost you about 30k each semester for the brand name school. Either your parents can pay for it or you will need to take out a loan. Another option is to go to a less expensive school.

@BelknapPoint went directly to the crux of the matter,IMO. It is a problem that people do not understand that having a certain EFC does NOT mean that is all you are going to be expected to pay for ANY college. That is usually the LEAST the family is going to be expected to pay unless merit money exceeds the the need portion of the equation. No school guarantees to meet full need for all students as defined by the EFC. The EFC is the result of a federal formula to gain access to PELL grants and DIRECT loans as well as other federal financial vehicles.

Schools can add modifications and additions to the Requirements to complete FAFSA, and use that info to come up with their own EFC. A school’s NOC on its own website is a far better indicator of what ones family expected contribution will be if the financial situation does not have divorced parents, family business and other complications in there. If Vanderbilt’s NPC works for OP, and the waitlist is cleared, that school might be financially possible.

But Binghamton is a great school. For NY residents it’s a veritable bargain, and for OOS students it accepts, it does make a good attempt to level The cost field with OOS awards. Congratulations on OP’s opportunities there