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Old 08-21-2009, 03:51 PM   #1
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Join Date: Aug 2009
Posts: 16
How is the Financial Aid?

I was just wondering how the merit-based aid at American is in general, and if anyone can estimate if I will receive any that would be great.

Here are my stats:

White Male
Philadelphia, PA
Top Public HS in the District
Class Rank: 40 / 520 (~7.7%)
Weighted GPA: 4.05 (no unweighted numbers at my school)
AP's: 3 by graduation (Physics B, Calculus AB, Statistics)
SAT I: Math = 780, CR = 660, Writing = 770 (1440 or 2210)
SAT II: none taken yet, don't know if it's really necessary
E.C.'s: not much in-school, but tons of community service, plus a supermarket job

Also, I live in a middle-class family, with a total income of somewhere between $70k and $80k. I'm going to go out on a limb and say I wouldn't get too much need-based aid (even though I need it right now)...

But if anyone has any comments on the aid in general, or any estimates on what I would get, I would really appreciate it. Thanks...
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Old 08-21-2009, 04:46 PM   #2
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Location: Olympia, WA
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I think it will be different for everyone, but I can tell that with a relatively similar income, my d., who received no merit aid, (and had much lower SATs and GPA than you, and no ECs, though some college classes, and world-class ECs), need-based aid came to roughly 40% of the total cost of attendance.
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Old 08-21-2009, 04:55 PM   #3
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mini - Thanks for answering. What year was your daughter accepted?
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Old 08-21-2009, 06:30 PM   #4
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She's going into her second year.
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Old 08-21-2009, 08:57 PM   #5
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My S with lower GPA than you, more APs, and a ACT of 31 received a substantial merit award. PM me for more info.
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Old 08-22-2009, 06:47 PM   #6
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My son, with a similar class rank but higher weighted GPA and similar test scores was one of many people who got offered the top amount of merit aid at American. See what I just posted for the Honors program, you look good compared to that, and acceptance into the Honors program means money. They don't use financial need at all (we wouldn't qualify for any, our expected family contribution was equal to the full cost at American) , but you do have to file the financial need form on time, before they will notify you of merit aid.
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Old 08-22-2009, 07:56 PM   #7
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Location: Louisville, KY
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We never filed any financial aid forms, but out son was awarded the top merit scholarship at AU (and later, an additional 2k per year for NMS sponsored by AU).
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Old 08-22-2009, 10:02 PM   #8
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Thanks guys, I really appreciate the feedback
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