https://bigfuture.collegeboard.org/college-university-search/lynn-university This is the link to college board’s profile of Lynn University. I am confused about their financial aid information. It says 53% need met then It says below that applicants had 100% of need met. Is this a mistake or am I reading this wrong? Can you explain it? College data says similiar data http://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=511 . Any help would be much appreciated.
Perhaps someone made a data entry error on the school’s common data set.
Better to just go to the school’s net price calculator and see what it estimates for your financial situation.
When it’s a more important issue, like finaid, go to the college’s own reports.
In their Common Data Set, look at section H2. I could only find 2013.
For now, I’ll skip trying to analyze it, but it looks like some kids had need met with merit awards -?
Maybe it means 53% of the student body receives FA. And for those students, the university granted 100% of what it calculated the students needed.
The info looks incorrect to me. I can understand the 4 people who were found to have need but didn’t receive financial aid … they may have been found to be ineligible (defaulted loans, didn’t sign up for Selective Service, or a similar issue that kept them from being eligible for Title IV aid). What does not make sense is saying that all 206 had their need met … then saying that, on average, 55% of need was met. That is contradictory. Seems to me that someone made a mistake in reporting the information.
I defer to your knowledge, kelsmom. But I was thinking this:
For 2013, of the 206 kids determined to have need (per the college,)
54.6% is this: " On average, the percentage of need that was met of students who were awarded any need-based aid. Exclude any aid that was awarded in excess of need as well as any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans)"
<<<<
Were offered aid 55%
Had full need met 100%
<<<
I think they’ve mixed up the stats. The 55% goes to “had full need met”…and the 100% goes to “were offered aid.”
Because at the top CB, it says:
53%
% of need met
100%
% of freshmen with need who received financial aid