<p>How is Washu's financial aid program???</p>
<p>Bump bump bump</p>
<p>It looks like it’s FA = Total Cost - EFC - 5000. Based on my own numbers and a few people I asked.</p>
<p>in my case it was a straight FA = Cost - EFC</p>
<p>I think they meet 100% of financial need. or pretty close.</p>
<p>Does WashU offer any merit aid outside the scholarship competition?</p>
<p>I’m sorry I’m a noob but what does efc stand for?</p>
<p>EFC = expected family contribution.</p>
<p>For me, WashU covered all need (my EFC is 0, so that’s 100% of the CoA) plus a $4000 stipend yearly.</p>
<p>Also worth saying that Wash U admissions isn’t need blind</p>
<p>^ I’m pretty sure that very recently changed (like over the summer). Maybe I’m wrong.</p>
<p>No I do believe you are right…I’m pretty sure they are need-blind…also what kind of FA (estimated obviously) would I get if my family income is <60,000</p>
<p>You should get full aid if they accept you. I heard its need blind if ED and during the last pile of people who apply, when the school runs out of funds, then they start becoming need aware.</p>
<p>Full aid meaning I pay nothing? And i plan as of now…on applying ED</p>
<p>Full aid meaning I pay nothing? And i plan as of now…on applying ED</p>
<p>Bumpbumpbump</p>
<p>No, full aid just means they cover what is left over after subtracting your EFC, which pretty much means that what ever your EFC is you will have to approximately pay that amount. Your EFC depends mainly on you and your parents’ income and assets. I’m approximating that you will have to pay roughly 10000 based on your income of less 60000. If you have a lot of assets that are worth a lot, you will obviously have to pay more.</p>
<p>oh well thank you very much…and does a large house count as an expensive asset, even if we pay a mortgage on it and we dont technically own it?</p>
<p>Yes, real estate and any investments you have count as assets. The only things that don’t are your parents’ retirement funds. Even if you still own money on the house the net worth of the house will contribute to the the worth of your assets, net worth being worth of the house minus the money owned. If the house is under your parents’ name it counts as an asset, but if it’s under any other name than your parents or you, you won’t have to list the house as an asset. You can expect that 2.5% of the total worth of all your assets will contribute to your EFC amount.</p>
<p>zier9993, I’m not terribly knowledgeable about WashU’s FA, but you should seriously look into their generous merit aid scholarships as well. Unlike many other (peer) colleges, WashU has extremely generous merit aid programs that can cover tuition for all four years. They are known to give merit scholarships to “desirable” students and you can apply to as many as appropriate. These scholarships are quite competitive, so think of this as their supplement. A terrific application will earn you oodles in return, so take it seriously and showcase your best effort.</p>
<p>Thank you for your response limabeans…the only problem is I’m not someone who is going to 2400 the SATs or be valedictorian. I will be, at best, an on the fence appplicant, which means I don’t think I willl be good enough to get a merit scholarship.</p>
<p>I thought WashU offers full aid (around $50000-59000) to accepted students with less than $60000 income. Of course, if your assets are high, that may change.
And when I said full aid in the previous post, I meant everything is paid for you. (some students even get stipends in addition to that.) There have been quite a few posts here on cc that have been like that.</p>