<p>I'm currently a high school junior and thinking of applying to Vanderbilt. </p>
<p>The most appealing thing about Vanderbilt to me is their need-blind financial policy. (They have a no-loans policy, according to what I've researched). I live in the northeast and would only be willing to go as far as Nashville if everything was covered in grants for me.</p>
<p>My EFC is 0 and my family income around 15,000. So would they really cover EVERYTHING in grants and work/study?</p>
<p>Does their policy include a meal plan, room and board, and textbooks? Or are these costs not covered?</p>
<p>Thanks alot!</p>
<p>If Vanderbilt determines that your EFC using the institional method is truly 0 then you should get grants and work study that cover the full cost of attendance which includes tuition, books, room and board, personal expenses, etc. Vanderbilt’s financial aid office told me to use the college board calculator using the institutional method and that should give me a close estimate of what we could expect them to come up with. [EFC</a> Calculator: How Much Money for College Will You Be Expected to Contribute?](<a href=“http://apps.collegeboard.com/fincalc/efc_welcome.jsp]EFC”>http://apps.collegeboard.com/fincalc/efc_welcome.jsp)
As long as you have all of your information in there correctly then it should be pretty accurate. I know this because the aid package my D received reflected almost exactly what the results from the college board calculator indicated. </p>
<p>I am assuming that your family doesn’t have much if anything in the way of assets with an income of $15,000. Do they have their own business? Any equity in the home? These are things that will make you a difference when using the institutional methodology.</p>
<p>THANK YOU SO MUCH!!!
This kind of sounds amazing/a dream come true. </p>
<p>:O</p>
<p>:O</p>
<p>I really cannot believe it. </p>
<p>Now, if only I can actually get in :(</p>