Where do I find % of need they will meet?

Paying for College
1

<p>Where do you find the % of aid a college will meet?</p>

2

<p><a href="http://talk.collegeconfidential.com/showthread.php?t=84817&highlight=kiplinger%5B/url%5D"&gt;http://talk.collegeconfidential.com/showthread.php?t=84817&highlight=kiplinger&lt;/a&gt;&lt;/p>

<p><a href="http://talk.collegeconfidential.com/showthread.php?t=24323&highlight=kiplinger%5B/url%5D"&gt;http://talk.collegeconfidential.com/showthread.php?t=24323&highlight=kiplinger&lt;/a&gt;&lt;/p>

<p><a href="http://talk.collegeconfidential.com/showthread.php?t=24343&highlight=kiplinger%5B/url%5D"&gt;http://talk.collegeconfidential.com/showthread.php?t=24343&highlight=kiplinger&lt;/a&gt;&lt;/p>

<p>Remember that need can be met through any combination of loans, work study and grants.</p>

3

<p>You can also look up your school on the collegeboard's website. click the cost and financial aid tab</p>

4

<p>As Sybbie said the CB is very good for this. It also gives a breakdown of what percentage of grant money you can expect, and what percentage of loans you can expect within the package.</p>

5

<p>Thanks for all the help. My son is going to Miami Oxford and we have not received our financial aid packet yet. I just wanted to know what I was in for. College board said the Miami meets 75% grants & scholarships and 25% loans/jobs. Our EFC is $1950.00 and I am hoping we will not have alot of loans.</p>

6

<p>According to the college board. the cost of attendance at Miami Oxford is $32,428</p>

<p>COA- EFC = demonstrated need</p>

<p>32428-1950=30,478 demonstrated need.</p>

<p>the school says that it meets 78% of your demonstrated need.</p>

<p>30,478 * .78 = 23,772</p>

<p>30478 - 23772 = 6705 (unmet need or gap in the financial aid package which you will have to find a way to fill.</p>

<p>Baed on the need that they do meet, $23,772, it would be broken down as follows:</p>

<p>grant aid 17,830 (this would be pell, SEOG, if eligible and college grants
loans/work study $5,943, at minimum a subsidized stafford loan of $2625, maybe 1500 in work study and another 1800 in perkins loans.</p>

<p>factors which may change your aid package, </p>

<p>If your son is in-state, he could be eligible for the Ohio Resident Scholarship and Ohio Leader Scholarships together, amounts range from $10,000 to $11,250 depending on need.</p>

<p>Need-based aid
determined by:
Academics
Art
Athletics
Leadership
Minority Status
Music/Drama
State/District Residency </p>

<p>Depending on whether or not your son is at the top of the applicant pool or a candidate that the school is really trying to pull, then the grant aid could be more.</p>

<p>Is son a NMS, this could change the face of his FA package also.</p>

<p>hope this helps.</p>

<p>Your son should be working right now (if he does not have a job) and try to increase his hours over the summer to earn some money,and reduce his expenses (save the $$) to fill the gap in his FA package.</p>

<p>hope that this helps</p>

7

<p>Thank you that helps so much. Yes he is In-State and he has been looking for a part time job. But he is not a NMS. Thanks again for all your help.</p>