This is my first post, but I’m really concerned about something. I was just accepted into Penn (as of a few hours ago), and I was beyond excited. However, I looked at the financial aid package they are giving me, and I was surprised to see that the expected contribution is $27,000, but Penn’s net price calculator estimated $12,600. I have a normal family situation (e.i. parents still married, no farms, no businesses, etc.), so I thought the net price calculator was supposed to be relatively accurate? I checked for mistakes in my CSS and the calculator, and there are none. I know the calculators can be off somewhat, but this is so much. Do you think this was a mistake in financial aid, or do you think this is set in stone? What should I do? I’m freaking out.
Hey @cregan61899 ! Congrats! I was also just accepted and I was also super surprised with my financial aid package I’ll planning on contacting them too (cause there is no way I can afford the expected family contribution). Let me know if you get a response form them!!
@hamsterrr99 I will let you know. My dad has a phone meeting scheduled with a woman from financial aid on Monday, so I hope that can lead to something.
@crega61899, yes, the link is there, but it says ours isn’t ready yet. We’d been missing the cover sheet saying my S wasn’t filing a tax return (didn’t realize we still needed to send that) and sent that a few days ago. That may explain the delay. It says we’ll know in a few days. Pins and needles.
I think Penn messed up their financial aid packages because a lot of people are having the same problem. My family is expected to pay $45000 while we can only afford to pay $15000. I already contacted the financial aid office and they said they would get back to me next week
@lazycat281 i havent called yet. I feel like my financial aid might be “accurate” because the NPC and FAFSA don’t include home equity, so it could explain the increase. Idk. The NPC said 30,000 and penn said 48,000. Did you run the NPC?
@Dartmouth_21, the reason it’s an estimate is probably because we will have to send them the financial updates in the spring with our 2016 tax returns. So if you financial situation will be roughly the same, then the current estimate should be accurate.
I’ll planning on contacting them too (cause there is no way I can afford the expected family contribution). Let me know if you get a response form them!!