| Crappiest Financial Aid Formula Northwestern was my first choice, but their financial aid offer was the lamest of all my choices. They think that if you have assets, you MUST be rich even if you're in total debt to those assets. My net worth of assets is zero, since I'm almost in as much debt as what the assets are worth. I got a EFC of 0 from FAFSA, too, and my parents made $14,000 last year. Northwestern offered me $15,000 and expected my parents to contribute $36,000. OK. My parents are having trouble getting income from the assets but NU doesn't give a damn. Obviously other colleges understand my family's situation better. I was offered $46,000 in aid for USC, $45,000 for Johns Hopkins based solely on financial aid. Also, for public schools, I got $23,000 for UCLA, $23,000 for UCSD, and $24,000 for UC Berkeley. Wow! Poor public schools give more than a rich private school! Sure gives me the image of "Rich White Greedy NU" |