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Financial aid affecting admission decision?

shlshl Registered User Posts: 23 New Member
edited February 2010 in Financial Aid & Scholarships
I want to apply for financial aid, so my parents just threw bunch of files at me...so I'm sort of on my own. The question is, if any info on my application is incorrect (as if I do my estimation wrong unintentionally)..will that have any effect on my admission decision?

Post edited by shl on

Replies to: Financial aid affecting admission decision?

  • 'rentof2'rentof2 Registered User Posts: 4,327 Senior Member
    At some schools your ability to pay may be a factor in admissions decisions, at others it will not be. It depends on the school. At most public universities it will have no effect. At certain private schools that are "need blind" it shouldn't either. Most privates may take that into account.

    I would definitely not worry, though, about small estimation errors. Just be careful, pay attention to details, double check to make sure you're entering what you want to be entering (don't add any extra zeros!) and you should be okay.

    Come here and ask questions if your get confused.
  • shlshl Registered User Posts: 23 New Member
    Hey, thanks for the reply!
    I have another problem now...if I indicate that I will apply for financial aid on Common App..does not mean I must apply for it? What if I don't want to apply anymore? Will my application become incomplete then?

  • 'rentof2'rentof2 Registered User Posts: 4,327 Senior Member
    Good question. It could be schools would have forwarded your name to their financial aid office. If they don't get any information at all (no FAFSA, Profile, anything), but that student's name is on a list of applicants... I don't know the answer to your question.

    You know who will? The college. You should probably check in with them to tell them you won't be applying for aid. Who knows... at some schools it may help your chances if they identify you as a full-pay.
  • mom2collegekidsmom2collegekids Registered User Posts: 82,539 Senior Member

    First of all, you need to tell your parents that they must assist you with those files. No kid can realistically take their parents' files and know what they're looking at and extract all the correct info.

    Secondly , do you know what your EFC is? If not, use an EFC calculator and find out.
    FinAid | Calculators | Expected Family Contribution (EFC) and Financial Aid

    Thirdly, have your parents told you how much they will contribute each year towards your education? If not, you must find out. If the amount that they can pay is less than their EFC, you may have a problem.

    Since you're deciding whether to apply for aid, you must find out if your parents will pay for the entire amount (tuition, room, board, books, fees, etc....which can be as high as $55k per year, depending on the school.)

    Good luck!! :)
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