<p>@gibby–we do have a few circumstances we did not detail on the FAFSA and PROFILE, so we will describe them to the FA officer this week. Then, whether they give a more generous offer or not, we would go in in April with a more generous offer from somewhere else. Would it be ok to go in twice?</p>
<p>Pf11,
I haven’t been in your situation of discussing Ys FA package before other offers are in, and I don’t know what you’re describing in why you cannot afford Y with the current package, but I will give you some general input from my experience and hope others will contribute their thoughts as well.</p>
<p>Unless you show some type of extreme hardship that did not show on your Profile (eg. recent loss of job, knowledge of large medical expenses in the future), I don’t think that Y will significantly change your FA package at this time. </p>
<p>I don’t know if Y is willing to review your FA now and again later, but it seems like you would definitely have a stronger case later, when you have other, more generous offers in hand. And if you will need to wait and see all of the decisions and FA offers before making a decision anyway, it might be better just to wait. </p>
<p>One other thing, colleges do use ‘preferred packaging’ in that they may offer a more or less generous FA package depending on how much they want a particular student. Obviously since you were accepted early, you’re a candidate that they’d like to have and who they know is likely to be accepted by other selective schools.</p>
<p>x-posted w/gibby &Pf</p>
<p>Would it be ok to go in twice?</p>
<p>As you have a few circumstances that you didn’t detail in the FAFSA and CSS Profile, you may need to call multiple FA offices after April 1st and then compare their updated offers. As Entmom said, I don’t know if Y would be willing to review your situation more than once.</p>
<p>Ok, thanks for the advice! I think what my mom and I will do is tell Yale, “sorry, we were a little premature in asking for an appeal…we’re going to wait until april so we can get a more definite estimate with our 2010 returns instead of 2009.” Then we’re going to hope and pray for a more generous offer from somewhere else (prolly Harvard), then take that to Yale. IF I want to go to Yale at that point. </p>
<p>The only I problem I see is that in april, there will likely be lots of kids going to Yale asking for more money. Whereas if I go right now, I would be special and all because I got a likely. Would Yale be more willing to give me more money now, without the influx of lots of other qualified kids? In other words, would I still be seen as special to them come April, perhaps illiciting more funds?</p>
<p>THANKS</p>
<p>I read earlier in this thread that the financial aid guidelines assume normal assets. I currently reside under the 65k mark but how much will they assume we have in assets? And if I were to have better than the assets they assume do I just get bumped up to the bracket where my family would have to pay 10% of the Adjusted Gross Income?</p>
<p>I haven’t been able to find what Y considers typical assets, I could swear that I saw it on their website once, but now I can’t find it. I’m not sure what their policy is for less than 65k income but higher assets, give them a call or email.</p>
<p>Given that all 761 students accepted SCEA learned of Y’s change in FA after they were accepted, and that most RD students applied to Y thinking FA would be the same as in past years – I imagine many families will be asking for reviews come April 1st. Not sure how the office is going to deal with that.</p>
<p>Entomom: [Yale</a> Cuts Costs for Families and Students](<a href=“http://opac.yale.edu/news/article.aspx?id=2320]Yale”>http://opac.yale.edu/news/article.aspx?id=2320)</p>
<p>In 2008, Y had a sliding scale of typical assets (see examples in cases A,B and C). Not sure what they consider typical assets to be today.</p>
<p>Thanks gibby, that’s good to have as a baseline number for assets.</p>
<p>[Yale</a> Could Consider Cuts to Financial Aid | Yale Daily News](<a href=“http://www.yaledailynews.com/news/2011/feb/03/yale-could-consider-cuts-to-aid/]Yale”>http://www.yaledailynews.com/news/2011/feb/03/yale-could-consider-cuts-to-aid/)</p>
<p>[Yale</a> redistributes financial aid | Yale Daily News](<a href=“http://www.yaledailynews.com/news/2011/feb/18/yale-redistributes-financial-aid/]Yale”>http://www.yaledailynews.com/news/2011/feb/18/yale-redistributes-financial-aid/)</p>
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<p>No doubt that the term “middle class” is a state of mind but the 2005 census says only 7% of families have a household income that exceeds $150K so it is hard for me to call that cutting aid for “middle class families”. I’m sure some find money tight with incomes up to $200K, especially in high cost urban areas, but I have trouble finding any fault with a policy change that raises FA 8% and shifts some of this away from families in the top 7% of household income.</p>
<p>My experience is the same as Gibby’s. With two kids at Harvard and one possibly going to Yale the financial Aide package for Yale came back 6,000 more than I pay per student at Harvard and 6,000 less than I pay now for two students there. (You can do the math) So overall putting my third child into college at Yale will cost me almost as much as it costs to send two to Harvard. Still I guess I should be grateful for whatever I get!</p>