<p>Now the total cost of attending Georgetown will be close to $45,000. I just hope that some of this money will be used to give me a better financial aid package...</p>
<p>aye, a dagger in my heart.....</p>
<p>my mom is going to flip</p>
<p>This is horrible! My question is... who has $45 grand just lying around to spend every year on college? I sure as hell don't... =(</p>
<p>$45,000! Oh no! That's a consequence of a low endowment. Oh man, I hope I get into my other schools just in case I can't go to Georgetown.</p>
<p>It supposedly won't affect how much you pay if you're gettting financial aid much, but I still have to wonder about that since I can't see what I would have gotten last year in terms of aid.</p>
<p>The problem I have with financial aid is... my parent's combined income is just high enough so that it's difficult to get any, but we still don't have enough to pay for college without substantial loans/scholarships. <strong>sigh</strong></p>
<p>The article states that the rise is partially to help w/ financial assistance for those who need it...it'll just come at the expense of those who don't, like rich folk, etc. </p>
<p>My guess is middle class families won't get hurt to much. Hopefully, a lot of people are applying that aren't requesting finaid, so that those who do get a bigger piece of the pie.</p>
<p>Yeah...I know a girl from my school who applied to RD Georgetown and she didn't file her FAFSA or CSS Profile by Feb 1st; she didn't even know there were deadlines for Gtown (because UC's say by March 2)</p>
<p>wow, that's harsh for her. Since she didn't file yet, she'll also lose out on federal aid. I had my finaid forms in by January 10th.</p>
<p>Same here...but gees, I had to fax a copy of my passport because FAFSA couldn't confirm my U.S. citizenship, even though Social Security says I'm a U.S. citizen and I have an American passport which says that my nationality is American. It was one heck of an experience.</p>
<p>Well, I just screwed myself. I had my forms done by the first week in January, the FAFSA was in and the PROFILE too...I thought I was completely made in the shade and the PROFILE website said it was complete, and had been submitted. Well, low and behold it WASN'T complete because it was missing a Non Custodial parent thing...I find this out February 5th or so...try and give my dad the login info, which fails, email college board, and wait three days for them to respond..</p>
<p>So, I've pretty much lost out big. Plus, my mom started a new job last year and got a significant signing bonus, so that isn't exactly a fair representation.</p>
<p>Do we know if Georgetown includes assets in determining need?</p>
<p>They use the Institutional Formula and they do count assets. But your EFC for the institutional formula is a lot lower than your federal EFC.</p>
<p>Is that still the case w/ divorced families?</p>
<p>My friend, an applicant to Harvard, filed the Non-Custodial Profile. She said it wasn't too bad; her mother (the non-custodial parent) didn't have to list assets or even income I think.</p>
<p>It wasn't too bad, but it's too late for the priority deadline. </p>
<p>The thing about it is, on neither the FAFSA nor the PROFILE did we ever have to list our assets...so I don't understand, where do we get that info?</p>
<p>Our assets definitely misrepresent our actually situation..all of our money is tied up in our house. Hopefully that will show through on our forms, who knows. If bad comes to worse I'm going to push my mom to change my custody and then I will have an EFC of 0. She's too proud to do it right now...</p>
<p>FAFSA asks for savings and investment assets - not equity in the home. PROFILE asks for savings and investments along with what you paid for your house, what it is now worth, what you owe on it, and monthly payments.</p>
<p>Some investment assets are deferred, such as your parents 401K, Keogh, IRA, etc.</p>
<p>Yeah, they definitely count assets. One of my friends is lower middle class but her family has some inherited land (not cultivated, just...land) and they are having to take out about $11,000 a year in loans.</p>
<p>I filed my CSS Profile after I got accepted in April and I still got an excellent aid package. So the people who filed financial aid stuff late shouldn't be too screwed.</p>
<p>hoya saxa, </p>
<p>that is so good to hear. My dad, though as much as I love him, has been a little disconnected lately (probably my own fault). He took his sweet time filling his NCP even after I said it's late so hurry. </p>
<p>Oh well. We'll see.</p>
<p>When does the aid come out, anyway?</p>
<p>I think they said mid-march if you give it to them on time</p>