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I need helping understanding my Financial aid reward. I'm doing this alone.

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Replies to: I need helping understanding my Financial aid reward. I'm doing this alone.

  • HImomHImom Registered User Posts: 26,928 Senior Member
    Please do NOT count on getting more funding after you start a U. You have to start with s form plan on how you will pay for all the projected costs for 4 years, including predictable increases. Generally most schools give the entering freshmen their best possible offers to entice them.

    If you happen to get scholarships, that could lessen your loans but they will be VERY competitive.

    If you want help, you have to use numbers--
    Total projected cost per school for 4 years
    Minus total scholarships and grants per school for 4 years

    That is the Net number you have to laser in on. Everything else is just noise. If you want folks here to weigh in, list each U and those numbers.
  • mommdcmommdc Registered User Posts: 7,228 Senior Member
    Your best bet for finding local scholarships is your high school guidance counselor. Ask them, since your are low EFC you should hopefully be able to get some, but they are often $500-$1000 and not renewable.
  • 3puppies3puppies Registered User Posts: 722 Member
    Also, you may want to ask the FA dept eat each school if students have difficulty earning their full work study offer. I was recently reading another thread where students were complaining that there were not enough work study jobs available - or the ones that were offered too often conflicted with class times etc.
  • OHMomof2OHMomof2 Registered User Posts: 8,226 Senior Member
    Make the chart! I'm glad to help with that if you need, I have one from D's senior year. Just PM me.

    Right now it looks like you have offers from:

    U Dayton
    Miami U
    Case Western

    cost roughly in that order?
  • sybbie719sybbie719 Super Moderator Posts: 19,774 Super Moderator
    @synful122 wrote:

    well I'm borrowing $5,500 I also plan on doing the $2,500 work study at where ever I go. And my sister I asked her and she said she would be willing to pay for like $1,500/sem so $3,000/yr.

    I would not count on work study. Work study is taking a major cut in the new budget and SEOG is being eliminated.
    NASFAA wrote:

    The administration’s first budget request is light on details and known as a “skinny budget,” providing a high-level fiscal blueprint for the administration’s priorities. Overall, President Donald Trump proposed a 13 percent decrease to education spending. The budget also proposed eliminating the Supplemental Educational Opportunity Grant (SEOG) program, removing $4 billion from the Pell Grant surplus – which would not immediately result in a Pell Grant decrease – and significantly decreasing funding for the Federal Work-Study program. The proposal also suggested reforming the FWS program to redirect funds to “undergraduate students who would benefit most.”

    https://www.nasfaa.org/news-item/11556/Trump_s_Fiscal_Year_18_Budget_Eliminates_SEOG_Reduces_FWS_and_Raids_Pell_Surplus
  • MYOS1634MYOS1634 Registered User Posts: 26,895 Senior Member
    ^Yikes: Especially since work study is already need-based so it already goes to "those who would benefit the most".
  • mommdcmommdc Registered User Posts: 7,228 Senior Member
    Yes, but they might make it so that it is only for students with the lowest FAFSA EFCs. Especially if they take SEOG.

    At the public uni where my D attends, she doesn't have a FWS award. But when she got a financial aid package at a private school when she was applying as a high school senior, she was packages with FWS.

    Same FAFSA EFC, but higher COA at private school, so higher need. But that doesn't mean that our EFC was very low.
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