<p>With great fanfare yale announced a new financial aid plan</p>
<p>Be aware that whether it is with Yale or other schools, every year people are disappointed</p>
<p>The "Princeton aid" calculator said i should get $25,000.00</p>
<p>I recently received the new Yale aid package (after acceptance).....it was $2,000.00</p>
<p>Although it may help some, there are still lots of cracks in their system</p>
<p>Lots of sizzle, but where is the beef</p>
<p>Under the new plan, Yale is spending more per aid student than even Harvard will be (see other thread). Every situation is different but the bottom line is that, with the new plan, Yale now pretty much has the most generous aid package in the United States.</p>
<p>The Finaid I Got Is Awesome! Much Much ..much More Than I Expected!</p>
<p>I Think All The Early Admits Are More Than Happy With Their Finaid Package!</p>
<p>That Says Everything</p>
<p>no it doesnt....im sort of mad with mine its not what i expected with the new plan in place</p>
<p>I went to my friend's house after a very disappointing day at school hoping to get an end-all consolation with my tasty financial aid letter online. It was quite bitter indeed... My parents may end refusing to pay that contribution, making me not go to my beloved Yale.</p>
<p>are the aid offers in line with the acclaimed 10% to 15% of income?</p>
<p>Yes, rorosen - or at least, mine was. I'm surprised all of you guys ended up so unhappy with your packages. Mine was unexpectedly generous.</p>
<p>ehh it will probably get better once my dad starts to argue it...but right now it is nowhere near 10%...</p>
<p>maybe i messed up my css profile or something. do they take into account the question on the css where it asks how much you think you could pay because i think i overestimated what i could pay at the time thinking that i might not get even that</p>
<p>Do those who were disappointed live in houses with rather substantial equity? From what I understand, that's a major difference in approach between Yale and Harvard; Yale continues to treat it as an asset that is theoretically available to pay for college.</p>
<p>Also, do the disappointed people have parents with signifcant retirement savings or other forms of savings? If you've got got assets other than income, the 10% rule may not apply. It looks like they only exclude the first $200K of assets.</p>
<p>The Yale finaid system has a few cracks, like rainmama and AA are saying.That's why people are not getting the 10%.</p>
<p>
[quote]
Under the new plan, Yale is spending more per aid student than even Harvard will be (see other thread). Every situation is different but the bottom line is that, with the new plan, Yale now pretty much has the most generous aid package in the United States.
[/quote]
How many times are you going to spam the Yale boards with that repeated message?</p>
<p>It may be the equity thing...i dont really know</p>
<p>no doubt i will get to the bottom of it though...i heard that the people at the fin aid office are really accommodating if you just call them and talk to them so i will be doing that once we get out 2007 tax forms and stuff</p>
<p>I'm sorry you guys feel spammed by PosterX. It's easy to get carried away by the enthusiasm and school spirit we have, and get a little defensive.</p>
<p>But yes, I'd definitely recommend getting in touch with the finaid people. There might have been a mistake, and even if there hasn't, they can usually compromise a bit anyway.</p>
<p>For everyone's factual enjoyment, my family makes about 90k a year before taxes and expenses. Our parental contribution is 15k, which is 16.67%. However, we have way above average assets for our income level since my mother saves incredibly well (both my parents are postal clerks), and my family has not sold any family homes. Without subtracting the 200k, we have about 501k in total assets (savings without retirement and home equity)</p>
<p>remi, could you further enhance my factual enjoyment with additional facts? Is Yale asking your family to pay 15K per year or is that what you had hoped to pay, as indicated by the financial calculator, but because of substantial savings, your family is asked to pay more?</p>
<p>Sry the 501k includes both savings and home equity, and the parental contribution that Yale has dictated is 15k. Yale doesn't have a calculator yet.</p>
<p>Remi,.. sorry to be dense(although that is my special talent!) but Yale asks of your estate, your people, your resources, the amount of 15k and then you can enter the gates? Your folks make 90k per year. There's a few hundred grand in one form or another. Someone at your end writes a series of checks totaling 15k per year(give or take) and you can attend. Yale supplies the remaining 30k or so. Ignoring student contribution, summer, etc. Is this the rough picture?</p>
<p>Correct, lol. Someone should start a systematic thread for:
Family Income:
Total Home Equity:
Savings:
Parental Contribution:
if you're willing. I take it that you were not an EA applicant, rorosen</p>
<p>5k for the room. 5k for the grub–a bit more than you'd spend out in the world but it includes a private police force and lots of interesting peers- and so approx 5k for the schoolin' part. [you could sell your spot for a million if such auctions were permitted.] 5k for the education pie wedge. state college would cost more, would it not? Maybe threaten your folks with staying home and commuting. Start acting out. The splurge of a few dollars more for a somewhat decent school like yale will ultimately seem like the bargain it is.</p>
<p>Unless I win the presidential scholarship at OSU (and barring any outside aid), OSU will be only 1k cheaper since they've capped everything at full tuition this year except for the presidential. However, I would be responsible for all of that whereas at Yale, one's parents bare most of the responsibility.</p>