<p>Hey everyone! I was referred here by a very insightful CCer. I've taken a pretty good look into QB and have a question that I'm hoping someone might be able to answer.</p>
<p>The income level for the program is generally <60k, I know. Currently, both of my parents are unemployed. My dad was our main earner, and before he lost his job, I believe he earned somewhere between 60-70k before taxes. If either or both of my parents were to become employed again AFTER I have applied to QB, how would that affect my application? OR if I were to be accepted into a school with the scholarship, how would that affect my admission? Should I even apply to QB under these circumstances?</p>
<p>Thanks!</p>
<p>I realize that this is a tough topic, but even the slightest bit of insight would be helpful.</p>
<p>Hi,
I don’t have any experience with a change to or from unemployment, but I can tell you that you will be sending in your QB application by the end of September of your senior year, and your financial circumstances at that time is what they’ll use to decide on your application.</p>
<p>If you are chosen as a finalist, you’ll then be sending your financial information as of late October of your senior year with your estimates of your income for that year (ending in December of your senior year). You will then update that financial information to your schools by March of your senior year with the actual information from your tax returns. So your financial aid offer will depend on your parents’ actual income for the year that ends in December of your senior year.</p>
<p>Any school I’ve dealt with reserves the right to change their financial aid offer based on changing circumstances of the student. So you wouldn’t get a financial aid offer for the whole four years based on the numbers from first year you applied, just the first year. You re-apply each year for financial aid, and I believe that is true even if you are matched.</p>
<p>A change in your financial situation after you’re accepted wouldn’t affect your admission. You have nothing to lose by applying…</p>
<p>Hope that helps.</p>
<p>Certainly it can’t hurt to apply. Worst case, it’s excellent practice, and both the QB staff and Quest Scholars from other years are wonderful resources for all applicants.</p>