Brown Scholarships

tinkiewinkie · 04-09-2008, 06:28 PM

Does brown give out merit scholarships? I know someone that says she got a full ride but I thought the ivies didn't give out merit scholarships...

dntw8up · 04-09-2008, 06:49 PM

I've noticed that some people incorrectly refer to their need based aid as a "scholarship."

lymcho · 04-09-2008, 07:52 PM

well..even though brown gives aid based on need, it says on the FA package that it is a "Brown University Schorlaship". I assume a "0 family contribution" can be called" a full ride".

wolrab · 04-12-2008, 10:33 AM

Unless the "zero family contribution" involves loans -- the amount of which may increase over the course of four years. Brown has not yet eliminated loans as a form of financial aid, as have a few other elite institutions (Williams, Dartmouth, etc.). Loans have to be paid back. By you.

As we delve into the world of financial aid more deeply, we are realizing that not all packages are equal, even when they are equal, if you know what I mean. Be careful, everyone Know what you are getting yourself into.

franglish · 04-12-2008, 12:21 PM

Quote:

Brown has not yet eliminated loans as a form of financial aid

Not entirely, but here is a quote from Brown's financial aid policy:

"All undergraduate financial aid recipients with total parent incomes less than $100,000 will no longer have a loan component in their awards. Loans will be replaced with scholarship funds. Students with family earnings above $100,000 will have a significant reduction in loans."

None of the Ivies gives merit-based aid, and yes, whatever need-based aid you get is called a Brown University Scholarship. Even though parents may not be required to pay, depending on income, students will still be required to contribute (again, from Brown's financial aid policy):

"All students are expected to contribute from summer earnings to defray the cost of education."

MedForLife · 03-21-2009, 09:03 PM

so does Brown give full rides?
do any of the ivies give out full rides?
and whats the criteris for GETTING a full ride?

franglish · 03-23-2009, 03:44 PM

Quote:

All students are expected to contribute from summer earnings to defray the cost of education. This expectation is a standard amount set by the University and is included as part of the Expected Family Contribution. In addition, financial aid awards will include a campus employment expectation, sometimes referred to as work-study. Students may also have subsidized loans as part of their financial aid awards. The sum of these three components (summer earnings expectation, campus employment, and student loans) is referred to as student effort. Students with assets will have an additional contribution equal to 20% of the total asset value.

So there is not really a "full ride," in that students are expected to pull their own weight, both through summer earnings and a Federal Work Study job, or another job, during the year. The policy is that parents don't have to contribute if their income is less than $60,000, and certain other criteria (assets, etc.) fit the formula. There are no loans for families earning less than $100,000/year.