Meets 100% financial need is often a misunderstood term. Because what financial need is to you, is very different than how USC (or any college) sees financial need. The majority of USC are actually full pay, which doesn’t mean they have money on trees in their backyard however, so yes, merit money helps. For example, for many that have equity in their house, a college would see it reasonable to sell the house (or refinance it) to pay for college. But the owner would never want to do that. How the college sees your money and how and individual sees their money is often very different.
In my case, they can give me a 1/2 tuition scholarship and without additional help I am still thousands short to my EFC.
I understand the FAFSA EFC will be increased by USC based on whatever additional judgement they make based on data provided in the CSS profile. Do they really expect 100% of my parents’ house equity?
Does anyone know if scholarship decisions are released this Friday, March 17 or next Friday, March 24?
Hmm if you assume from previous years that decisions are released the Friday of USC’s spring break, then this Friday.
@lab99 Based on USC’s net price calculator, their idea of our need is $20K-$30K more than our EFC from FAFSA. That’s how different it can be.
Each situation is unique. Your example probably explains why their yield is in the 30’s%. people can’t pay.
Has any of you seen a scholarship notification on your portal?
@DadofThree111 USC admissions released a statement on their facebook page and twitter saying that scholarship results would be posted “by the end of the month” so I’m assuming that they’re not coming out today 