| Sorry == been at work all day. No, I didn't mean the award is literally taxable. It was meant to imply that a school that reduces need aid $1 for every $1 they award in merit aid is effectively taxing you for receiving the merit aid. Our EFC is $27 K and Kenyon awarded $1.5 K in grants. With loans and the merit aid, they are expecting us to pay an amount about equal to our EFC. The kicker is that the merit aid isn't in addition to need based aid, it just seems to be replacing it. Given everyone else's situation, I may be making a mountain out of a molehill, and certainly 2blue has a point. Nonetheless ... |