madskier87

I am just curious as to whether I will receive any financial aid. My mother makes about 60,000 per year and my father about 80,000. I have roughly 2,000 in my bank account and my grandparents initiated a college fund for me years ago which currently holds a value of 50,000. I know it is a long shot, but any responses would be appreciated.

buzzwick

It will depend on the University, but I would guess that a school like Harvard might give you 5-10K in need-based merit. It may depend on other factors such as # of siblings, private school tuition for siblings, etc.

sybbie719

It truly depends on what school you attend and their financial aid policies. Policies differ from school to school so you would have to check the policies at schools you are interested.

based on the information you have given, the one thing that I can tell you is that your assets (your savings and the account form your grandmother) will be assessed at 35% for your student contribution

$52,000 *.35 = $18,000 will be your student contribution

IcicleRose88

since your parents have a relatively large income and you have 52k in the bank or what not, you wont get much need-based aide anywhere.

simba

use the calculator on this web site.

1moremom

That is good advice. While your parents do have a relatively high income, I suspect it will still be worth your while to fill out the financial aid forms, especially if you are applying to some of the more expensive schools. How the college fund will be assesed depends on what kind of account it is.

sybbie719

This also does not mean that you can not go for merit aid. Depending on the school, your grades and scores, you could be an attractive student for merit money as some schools offer merit scholarships ut tp full tuition regardless of the famiy's financial situation. Also depending on your grades and scores, you could be eligible for Honors programs that may offer merit money.