Prospective Transfer Thread (for Fall 2015)

Still haven’t heard anything : /

@Sarah12345‌ Can you view your financial aid yet?

I’m in! With what looks to be an excellent financial aid package! So happy! Best wishes to all you ladies! :)>-

@JDprospect‌ Congratulations! Is your financial aid package available on bannerweb?

ACCEPTED AS WELL!!

@Akiwan14‌ Awesome! Congratulations.

…can you access your financial aid? Lol I’m paranoid.

@tiredquibbler I haven’t checked, but the e-mail said the financial aid stuff will be in the mail

@Akiwan14‌ Oh, OK. I can’t wait! :smiley: Do you know if you’re going to attend or not?

Yes @TiredQuibbler I was able to access my financial aid on Banner web. I applied as Ada Comstock… Idk if that makes any difference in what’s available on Banner.

@tiredquibbler No I can’t yet

@tiredquibbler I’m thinking about it. Just waiting to hear back from one other school before making a final decision!

do any of y’all know when the second notification date is?

I’m not sure, I think around the end of May.

Has anybody received their financial aid package yet?

Wooh hooh! Got my FA. It’s great. $5K in subsidized loans for the year, a little under $5K from pocket that I can just cover with external scholarship. $15K in approximate total debt ain’t bad for a school as great as Smith. :grinning:

@TiredQuibbler‌ That’s great news!! Please double check about the outside scholarships, though. Many colleges use them to reduce your grants, not your EFC (sucks, I know!!!) I don’t know what Smith’s policy is, but check that before you get too excited. It looks like your outside scholarships may replace your subsidized loans, see below…

http://www.smith.edu/sfs/aid_outside.php is the complete link, but this is probably the most relevant:
The treatment of outside aid depends on the source, as outlined below.
Outside Aid Awarded on the Basis of Student Merit

Smith College recognizes your achievement in being awarded merit-based aid. Outside aid based on student merit will first reduce or replace the self-help portion of your award (federal work study and federal subsidized loan). If the outside aid exceeds the total self-help portion of your award, we will allow the aid to go toward a one-time computer purchase or toward the cost of the on-campus health insurance plan. If you do not purchase or have already purchased a computer, and if you do not accept the on-campus health insurance plan, or if your merit aid exceeds these costs, merit aid will replace Smith grant on a dollar-for-dollar basis.
Outside Aid Resources

The outside aid resources listed below (click on link) are here for your convenience. Smith does not endorse a particular aid source.

List of resources
Nonmerit Outside Awards

For All Students who entered Smith prior to 2015:

This type of award includes tuition subsidies based on parent employment, or state and federal grant assistance. These awards are not based on student merit and reduce Smith grant eligibility dollar for dollar. Educational benefits from state and federal agencies will reduce the self-help components of the award (loan and work). Need-based loans from state or outside agencies can be used to replace dollar for dollar either the suggested federal loan or the work study award.

For All Students entering Smith in 2015 or later:

Tuition subsidies based on parent employment (Tuition Benefits) will now be allowed to reduce or replace the self-help portion of your award. Any amount greater than the standard self-help amounts will reduce Smith Grant dollar for dollar. We will allow the aid to go toward a one-time computer purchase or toward the cost of the on-campus health insurance plan before we reduce Smith Grant. State or federal grant assistance reduces Smith Grant dollar for dollar. Educational benefits from state and federal agencies will reduce the self-help components of the award (loan and work). Need-based loans from state or outside agencies can be used to replace dollar for dollar either the suggested federal loan or the work study award.

@staceyneil‌ Can I not use the loan to cover EFC though?

Actually, my outside scholarship isn’t allowed to cover EFC either per its own policy. I just assumed I could use the loan in lieu of EFC. Lol now I’m confused. My scholarship isn’t just a “sign a check” kind of thing, it’s an established endowment with a whole process for determining how much a student needs for the year.

I’m at college right now so my cousin just sent me a photo of my award, and from the photo, it doesn’t look like anything is specified as being EFC. It just says “Estimated Amount Due.” However, there could be other documents or something. Oh well, I’ll get it figured out. Even if I have to pay it out of pocket, it’s definitely still manageable because I’ll have two jobs this summer and I’ve been saving up for transferring anyway.

Hi Quibbler,

Is your scholarship more or less than the amount of your subsidized loans and work-study (as packaged in your financial aid offer)? I’m not an expert, but I THINK that what it means is that the scholarship replaces some or all of the subsidized loans and work-study (with the caveat as above that if it’s more than those it can be used to buy your health insurance or a computer.)

If I understand correctly, you would still be able to take out federal loans but they would not be subsidized. And you could still work (probably on campus even) but not as part of the federal work-study program. However, I’m certainly not an expert on this, and also I believe it’s sometimes up to the individual loan office how they deal with each case, so I highly recommend you call Smith FA and find out from them.

Good luck!

I just found out I was waitlisted- but the thing is I only got a letter? No email, no change on my bannerweb or anything. This happen to anyone else?

@ifoundalaska, have you heard back about the waitlist yet?

no