<p>I really want to apply EDII to Vanderbilt, but I'm worried they might rope me in and my family won't be able to pay. My parents make from 80,000-100,000. My mom got laid off a couple years ago and it's been difficult. She got a new job a year ago & a promotion recently, so we'll have a little more money than usual. However, her title of district manager is only during flu season since she works for the company that sells Tamiflu. I'm worried they're going to see her raise and not give me enough money, especially when she'll go back to her normal salary. What kind of EFC can we expect to see? We have some money saved up (about 5,000, & I have 1,000 in my savings). We really can't afford much more than 10,000 a year.</p>
<p>The first thing you need to realize is if the FA is not sufficient you can turn down your ED acceptance. The second thing to realize is Vandy has great FA.<br>
The do use the FAFSA and CSS Profile so they take into account assets and income. Check on their web site for a cost calculator. If it’s not there it should be soon. make sure you have a good financial/admission safety you are willing to attend as an alternative.</p>
<p>Does Vandy have a FA calculator on their website? If so, use that.</p>
<p>In the meantime be sure to apply to a few schools that will give you large merit scholarships for your stats because many schools would expect your family to pay more than $10k.</p>
<p>I don’t know if this helps, but if you look at the Financial Aid section of the Common Data Set, it shows that for the entering Fall 2010 class, 806 students received financial aid (out of a class of 1,600) and the average figure for grants and scholarships was about $37,000 (plus about another $5,000 in work study and need based loans):</p>
<p><a href=“https://virg.vanderbilt.edu/virgweb/CDSH.aspx?year=2010[/url]”>https://virg.vanderbilt.edu/virgweb/CDSH.aspx?year=2010</a></p>
<p>Good luck!</p>
<p>I would encourage you to talk to a financial aid officer at Vanderbilt. My D graduated from Vandy in May and her aid was awesome. Our out of pocket cost was less than our EFC each year. It wasn’t free for us, but we were able to pay our costs. Each year, we earned more but our aid went up. I should note that my D received need based scholarships (she had an excellent GPA), but she still got a small grant on top of the big scholarships. </p>
<p>The nice thing about Vandy is that there are no loans in the aid package. So you will be able to borrow $5500 in an unsubsidized loan in your freshman year to supplement the aid that is offered to you. That will help.</p>
<p>ED is not a good idea when finances are an issue, which is why I think you need to talk to someone in financial aid.</p>