<p>I have a doubt regarding the financial aid for colleges and summer camps.What actually is the normal income(family annual) if college is considering a applicant needy.</p>
<p>I know that applying for financial aid increases difficulty in some schools therefore I am confused whether to actually apply for financial aid or not.</p>
<p>I am from India.</p>
<p>Look at the cost of attendance for each of the schools you are interested in. If you can afford to pay that cost, then you have no need. If you can’t afford to pay it, then you do.</p>
<p>OP, do you want to know what income level colleges use to determine how much AID you will receive? If so, that is a very different question than the one you asked.</p>
<p>The colleges will take YOUR family income and assets and determine the amount they think your family can pay. Very often this is a lot more than the family thinks it can pay. Then the college determines how much aid to give to you. Some colleges give a lot of aid, and others none (to international students).</p>
<p>Honestly No , my family wont be able to pay the whole tution fees but if I get in a Ivy league then i can consider taking a loan.</p>
<p>Mainly my question is what is the average family income of students who apply for financial aid .
I want to apply for aid but whats the use if the college didnt find me needy</p>
<p>You can also run the net price calculator for each school you’re interested in and see if the school would award you any need-based aid based on the figures entered into the calculator.</p>
<p>It will vary from one school to another, and will also vary depending on your family’s circumstances - not only income, but also assets, number of people in your family, number of students in college at one time, and a number of other factors. So there is no set income range that we can say will qualify you for aid. For example, it’s unlikely you’d be awarded aid with family income in excess of $200k/yr., but it’s not impossible. At the same time, you could have income well below $200k/yr. and still be disqualified from receiving aid due to your family’s significant assets.</p>
<p>There is no average income for families applying for college aid. Families getting by with the help of public assistance will apply as will families who have 6 figure incomes. If you need it, apply, whether or not it affects your chances of acceptance. What good is getting into a school and then not being able to attend because it is unaffordable?</p>
<p>How much of a loan would you need to take? Where would you get that loan? Do you have a loan source in your country? You would likely not be able to get a loan at all here …as an international student.</p>
<p>@Ordinarylives - As I said if applying for financial aid is reducing my chances I will better not apply for it and take some loan as my family wont be able to pay full fees</p>
<p>@Thumper1 No, I am planning to take loan in India only.</p>
<p>Simnply putting what is the average cost in HYPSCM colleges? …Also I sw some charts in some of the summer program with giving financial aid with certain income brackets like 0-$25k , $25k-$50k , $50-$100k etc…is there something to consider in colleges as well?</p>
<p>note 1k=1000</p>
<p>one More query …in some forms Is is written “Family annual income” while in some forms only the parent or guardian income. So in case of parent or guardian income we need to write only like Father or Mother?</p>
<p>What summer programs are you talking about? I personally don’t know any that give aid to international students. Not saying they don’t exist, but my guess is they are not plentiful.</p>
<p>Costs of HYPSM are in the $60,000 per year range and that does not fully include your travel from and back to India.</p>
<p>Family income is the income of your parents, and you, the student. Are your parents married? If so, both would complete whatever form is required for international students. In most cases even if your parents are NOT married, the income and assets of both parents will be required. Income is income. Assets include savings, real estate.</p>
<p>Jmlover, if you look in the international students section and do a litle research, you will see that there are only a few of the well known schools that will be need blind to an international and will guaranteed to meet their need. International students have to show how they are going to pay for their time in the US in order to get a student visa, so it’s a waste of time to accept someone who can’t possibly come when the a school isn’t going to pay for the costs. Those schools that guarantee to meet need, also are the most difficult to gain admissions, with chances in the low single figures. So if you get into Harvard, or Princeton or other schools on the list, those schools will meet your need. and not base admissions decisions on whether you need the money or not. There are also schools that do meet need, but if they are on the list, they will take need consideration into account for admissions, and it is a impediment to getting accepted. </p>
<p>I have no idea about summer programs and how internationals are treated in them.</p>
<p>@Thumper Camps like EPGY, SUMac , Mathscamp give aid to international students on need basis. Yes married, so even if a form ask for parent/guardian income instead of Family income in other forms , I still need to fill the total gross income of family?</p>
<p>@Cptofthehouse - Thanks! Simply putting is ranges like around $20-25k and then around $45-50k considered that a student is needy enough to give aid?</p>
<p>Jmlover, play around with the NPCs. If you are independent, and if you are married, you are for financial aid purposes, you generally do not have to put down your parent’s income and assets, but your spouses’ will be needed. Any support given to you and your spouse the past year is also relevant.</p>
<p>Seriously you are getting confused. I am a student and my parents are marrient as @Thumper Camps asked.</p>
<p>Here is the issue: if you get accepted to those schools that guarantee to meet full financial need, then they will provide it to you. WIth a family income of about $22K and not much in assets, you would get most of the need met by those colleges. </p>
<p>For most of the colleges in the US, the ones not on that list that are need blind, yes,it will make a difference whether you can pay or not as to whether or not you get accepted. For some, if you get accepted, there still is no guarantee that you will get your financial aid met.</p>
<p>For example, NYU is a very selective univesity. It is need blind (don’t know about internationals–you have to look that up) for US students. But if you are accepted, it doesn’t guarantee to meet your need. It’s your business and problem to come up with the money,</p>
<p>Washington in St Louis is also a very fine school, They are not need blind (again all info I am giving here has to be double checked) for anyone, including US students. So, it would make a difference in getting in , if you say you are not applying for financial aid. That is taken into consideration in viewing your application, and those who can pay, get some preference. Not 100% of the time, but for some times. The schools do not give details on how they use their need aware policies. But if you can pay the full price, you are at an advantage for getting accepted. </p>
<p>However, if you get accepted even though you do have financial need, and that school , like many in that category, do accept a lot of needy applicants, they will meet your need. </p>
<p>A school like Harvard will not care if you have need, and will accept you and meet your need. </p>
<p>So you have those categories:</p>
<p>1) Don’t care if you have need, and will meet full need if accepted
2) Care if you have need, but will meet full need if accepted
3) Don’t care if you have need, but no guarantee to meet need if accepted, but might do so, if you are a top catch for them</p>
<p>You will have to list the income and assets of BOTH of your parents. No way around this. That is the requirement on the financial aid forms.</p>