<p>Hi, I am meeting with a representative from the Financial Aid Office at one of my d's top 3 schools. The bottom line is that we received no financial aid. Cost per year is approximately $42,000, the school awards no merit money. I spoke to several people who have advised me to basically go in and act stupid. I don't mean that literally but basically just ask how did you come up with this? Where is the money coming from? Once I get the formula then I can begin to debate or explain the special circumstances (i.e. if Dad is expected to contribute etc.) Does that make sense? My accountant also said that this would be a good way to determine what to spend etc. to be in a more favorable position next year. I am struggling with that age old dilemma "is any education worth $40,000+ per year?" She has been offered some substantial scholarships at less prestigious schools but good schools nonetheless. Of course, she has no desire to attend the schools who have offered scholarships. I graduated from the school I am meeting with and know the value of the education but still, my parents didn't pay the full ticket and the cost was $14,000 in 1982 - my parents thought that was outrageous. </p>
<p>Any suggestions are helpful. I am not expecting a full ride but a little something would be nice.</p>
<p>Can we assume your EFC was over the $42K cost? I would imagine that will be their answer. I am in the same boat as you. DD1 is waiting to hear from her top school which offers no merit aid. I don't hold out any hope for receiving anything. Luckily her #2 choice just accepted her yesterday with a very nice merit package.</p>
<p>Gosh, we are in the same boat too. We are blessed though because D would go to any of the schools on her list. Be a bit disappointed that she may not be able to attend the first choice school, but she is not one to dwell on anything too long. It is going to be real interesting to watch her make the selection. I am watching her sort through things now and can honestly say, she is deciphering through every bit of information in the most thoughtful way.</p>
<p>Yes, EFC is over the $42K but there are extenuating circumstances. Also, on the schools financial aid page it states that 39 out of 70 applicants with income over $126,000 received aid, the average need based award for that bracket was $13,787. The coach who is recruiting my daughter called today and I let him know my dilemma :)</p>