Do I qualify for financial aid!?
Hi, I literally know nothing about financial aid and need your help.
I am a permanent resident of Canada. I've tried EFC calculator but it's so confusing with all their technical words, especially since I don't live in the US. and I don't know how it works so I thought I'd ask here.
Yea I probably do qualify for a lot of financial aid because of the low income but I was just wondering how much, because I am thinking whether I should apply ED to an American university(Columbia to be specific) or just stick with an UK univ I'm applying to. I want to go to Columbia if I am getting a lot of aid, if not UK, where I'd have to pay full fees.
I don't know which factors go into the finaid calculation and which don't, so I'm just gonna list everything I know. All are in Canadian dollars which are very much equal to American(1CAD=0.97US)
- Sister in her 2nd year of college
- 12 years old brother
- Own a small commercial building $220,000 (no mortgage)
- house $300,000 (no mortgage)
- very low income, probably around $25,000 combining both of my parents(all from the building rent)
- Mom doesn't work
- Bit of savings we've been living off of
okay these were all in Canada, but my dad actually works in Korea but nothing gets reported here. He hasn't been officially working for an year or two but he recently started (like only few weeks ago). Does this count? or no because it hasn't been an year since he started working? And he owns few condos in Korea too. Technically nothing about this is reported in Canada... so this won't matter? I'm confused here.. Since our income is so low, are they going to think it's weird? hmm would my EFC be 0???
I know nothing about finaid.. any help would be appreciated.
Last edited by love xoxo; 09-24-2008 at 11:23 PM.