<p>I will call them, too, it seems. This seems wrong after reading the whole Emory Advantage thing wth…</p>
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<p>EDIT:</p>
<p>Go to <a href=“http://www.projectonstudentdebt.org/pc_institution.php[/url]”>http://www.projectonstudentdebt.org/pc_institution.php</a> and click on Emory University. You will get a pop up with explanations of how Emory Advantage works.</p>
<p>Copy-and-pasted from the site:</p>
<p>Emory Advantage</p>
<p>For students with family incomes up to $50,000, after the family covers any EFC (including a minimum student contribution of $1,550), the program covers the entire remaining student budget with work-study and grant aid.
For students with family incomes up to $50,000. . . </p>
<p>2009-10 Estimated Student Budget
After the family covers any EFC (including minimum student contribution of $1,550), the college assures enough work-study and grant aid to cover these expenses </p>
<p>Tuition & Fees $38,036
Books & Supplies $1,100
Room & Board $10,896
Transportation & Personal Expenses $2,100
Total Expenses: $52,132 </p>
<p>For students with family incomes between $50,000 and $100,000, after the family covers any EFC (including a minimum student contribution of $1,550) and takes a need-based loan (capped at $15,000 total over four years), the program covers the entire remaining student budget with work-study and grant aid.</p>
<p>For students with family incomes between $50,000 and $100,000. . . </p>
<p>2009-10 Estimated Student Budget
After the family covers EFC (including minimum student contribution of $1,550), the college assures enough work-study and grant aid to cover these expenses while keeping need-based loans to a maximum total of $15,000 over four years </p>
<p>Tuition & Fees $38,036
Books & Supplies $1,100
Room & Board $10,896
Transportation & Personal Expenses $2,100
Total Expenses: $52,132 </p>
<p>About the Financial Aid Pledge (2009-10):</p>
<p>Who qualifies for the pledge (in addition to common requirements)?
Up to a family income of $50,000, the financial aid package will not include loans. Cumulative loans are capped for students with total family incomes up to $100,000 who demonstrate financial need.</p>
<p>How is EFC determined and used?</p>
<p>Institutional Methodology. The minimum student contribution is $2,500 for freshmen.</p>
<p>How much academic year work and/or need-based loans are included?</p>
<p>Up to a total family income of $50,000, the package includes work-study but no loans. However, a student may elect to take out loans to cover EFC or replace work. Up to a total family income of $100,000, cumulative loans are capped at $15,000 but only if they are used to meet calculated need (federal subsidized Stafford loans or Perkins loans). Loans that a student takes out to replace EFC would not count toward the cap.</p>
<p>Does the offer account for the full student budget?</p>
<p>Yes.</p>
<p>How are outside scholarships handled?</p>
<p>Outside scholarships reduce unmet need, then loans and/or work-study, then grants.</p>
<p>For more information:
Emory Advantage</p>
<p>About the Institution (2007-08):
Location: Atlanta, GA
Type: Private 4-year
Undergraduate enrollment: 6,719
Pell Grant recipients (a measure of low-income enrollment): 13%
Proportion of graduating seniors with student debt: 42%
Average debt: $23,181</p>
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<p>All I can come up with this from your additional loans and stuff is that they put your student contribution (minimum 1,550) way too high and thus made you cover those with loans.</p>