right arrow
Examples: Monday, today, last week, Mar 26, 3/26/04
We have changed the way we log in on College Confidential. Read more here.

Combining merit Aid and Grant Aid; what have you seen?

bgbg4usbgbg4us 1433 replies44 threads Senior Member
Curious on how this will all work out and I'd love to hear what you think or have seen.

S20 applied to a school that does NOT meet full need. COA is 54K. Kid's EFC is 20K.
NPC says 25K in merit; and $6K in school grant.

School has notified him of a $29K merit scholarship.

My question is: what can we expect with grant aid. . . . Still that $6K? Or something less; as 6K would take the total a little less than EFC?

And when do people hear about their Aid? is that college -dependent? Just filed FAFSA this week. . . .
11 replies
· Reply · Share

Replies to: Combining merit Aid and Grant Aid; what have you seen?

  • tdy123tdy123 1010 replies18 threads Senior Member
    edited December 2019
    Without knowing the specifics of the school, my guess would be that the $29k merit is the full award with no additional "grant." Not far off the $31k NPC - which is just an estimate anyway. The EFC is an artifact of FAFSA and has virtually no impact on actual aid awarded by colleges.

    If you do get a grant in addition to the merit, consider it a bonus.

    Award timing is totally college dependent.
    edited December 2019
    · Reply · Share
  • thumper1thumper1 76147 replies3359 threads Senior Member
    This is totally school dependent.

    Since this school does not meet full need, I would just wait and see. It’s possible you won’t get any additional money because with a $29,000 merit award, the school could view your need as $29,000 less.

    In any event, he can take the $5500 federally funded student loan.

    Can you fund the balance?
    · Reply · Share
  • ucbalumnusucbalumnus 79792 replies715 threads Senior Member
    bgbg4us wrote: »
    Curious on how this will all work out and I'd love to hear what you think or have seen.

    S20 applied to a school that does NOT meet full need. COA is 54K. Kid's EFC is 20K.
    NPC says 25K in merit; and $6K in school grant.

    School has notified him of a $29K merit scholarship.

    My question is: what can we expect with grant aid. . . . Still that $6K? Or something less; as 6K would take the total a little less than EFC?

    It depends on the college.

    Some colleges will use merit to replace grants first (the worst possible).

    Other colleges will use merit to replace unmet need, student loans, and/or student work first (better than replacing grants first), although they will typically reduce parent contribution last.
    · Reply · Share
  • lookingforwardlookingforward 35138 replies398 threads Senior Member
    Great offer.

    There could be a work study component, most seem to fall around 2400-3k. ? If it's not already considered in the merit number.

    So off the total anticipated cost, 29 merit + call it 2500 WS (earn as you go) = 31.5. Leaves you with roughly 22.5 due. (And any expenses you forgot.) Then you decide where that comes from. Add in a student loan and your own COA comes down. Just don't overload loans of any sort.

    Do check it's a 4 year merit award.
    · Reply · Share
  • mom2collegekidsmom2collegekids 84228 replies1042 threadsForum Champion Financial Aid, Forum Champion Alabama Forum Champion
    bgbg4us wrote: »
    Curious on how this will all work out and I'd love to hear what you think or have seen.

    S20 applied to a school that does NOT meet full need. COA is 54K. Kid's EFC is 20K.
    NPC says 25K in merit; and $6K in school grant.

    School has notified him of a $29K merit scholarship.

    My question is: what can we expect with grant aid. . . . Still that $6K? Or something less; as 6K would take the total a little less than EFC?

    And when do people hear about their Aid? is that college -dependent? Just filed FAFSA this week. . . .


    It’s hard to know.

    You have $34k in need.
    The school may just give the $29k in merit and a $5500 loan, and that’s it. That would meet need.

    This isn’t a no-loan school, right?
    · Reply · Share
  • twoinanddonetwoinanddone 23691 replies17 threads Senior Member
    Be aware that the NPC can be off in both merit amount (as you found with getting $29k instead of $25k) and COA. The NPC may not be adjusted for not only the current year but for the tuition for the year you attend which may not have even been set yet.

    Example, we were running them in the fall of 2013 to start school in 2014. The NPC was 'set' with 2012 numbers (tuition, amount of merit aid, Pell grant amounts) but the school had reset tuition in June 2013 and hadn't changed the NPC yet by Sept. By the time my daughter actually started schools, all those numbers had changed again.
    · Reply · Share
  • cshell2cshell2 836 replies10 threads Member
    No idea as we're in the same boat at a couple schools. I swear. Waiting for the FA packages to come out is more stressful than waiting on the acceptance letters.
    · Reply · Share
  • bgbg4usbgbg4us 1433 replies44 threads Senior Member
    it'll be interesting to see how it turns out - if they'll offer additional grants after they look at our fafsa in addition to his merit. I feel almost greedy wanting more aid and slightly awkward asking and thinking about it.

    However, it'll be hard to meet our EFC for this kid as our other kid is EFC+. He does have a safety lined up!
    · Reply · Share
  • dadof2ddadof2d 230 replies15 threads Junior Member
    @bgbg4us Can you share the name of the school?
    · Reply · Share
  • bgbg4usbgbg4us 1433 replies44 threads Senior Member
    it's the university of T U L S A .

    I was reading the thread about school overlaps, and it's funny how so many of this school's overlaps are on kid's radar as well.
    · Reply · Share
  • mommdcmommdc 11679 replies31 threads Senior Member
    We ran NPCs on several private instate universities last year. They awarded merit and institutional grant aid based only on FAFSA and didn't meet full need.

    The merit and institutional grant aid awarded did not seem to exceed the tuition/fees cost at any school, we also would get a state grant there, which can be used towards room and board.

    Our net price was right around our in-state public university cost, or a bit less with two in college, but grant aid decreased with only one in college.

    Net price was at least $10,000 over our FAFSA EFC.
    · Reply · Share
Sign In or Register to comment.

Recent Activity