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There Is No Entitlement

TomSrOfBostonTomSrOfBoston Registered User Posts: 14,231 Senior Member
Several posters in recent days, including some parents, have been saying how Northeastern is only concerned about money due to the fact that they cannot afford to attend with the insufficient financial aid package that Northeastern offered. There seems to be a sense of entitlement that Northeastern owes them a low bottom line cost education. This sense of entitlement is not limited to applicants (and their parents) to Northeastern.

Northeastern is a private university with a limited endowment. They offer 100 Boston Public high school graduates each year a full ride scholarship. They also offer full ride scholarships to about 25 students from around the country through the Torch program. These students are truly low income. Not the CC notion of "My parents only make $100,000/year" low income.

Northeastern also rewards high achieving students with significant merit aid. The threshold for receiving this merit aid continues to rise.

The money has to come from somewhere! If you are middle income there are other options at state schools. In my opinion Northeastern offers a much better experience than the state flagships in the Northeast US. If you cannot afford it with a manageable amount of student loans there are many other alternatives available to you.

End of rant.
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Replies to: There Is No Entitlement

  • novafan1225novafan1225 Registered User Posts: 702 Member
    100% agree. Comparatively, NU's endowment is much smaller than private schools of similar caliber. It really is pretty amazing that they manage to give out as much as they do.
  • ormdadormdad Registered User Posts: 552 Member
    Prediction: in 5 years NEU will no longer have significant merit aid. When it is a USNWR top-25 ranked university, it will seem gauche to have to bribe high stats students with $30K/yr merit scholarships. Only 3rd-tier schools have to resort to these sorts of tactics.
  • novafan1225novafan1225 Registered User Posts: 702 Member
    Also agree, @ormdad. While this is not true for everyone, the average Honors student seems to be on a noticeably different level than the non-Honors student. We have predicted all year that within the next few years, NU will basically only be admitting those at current "Honors" caliber, until that composes the entire admitted class.
  • TomSrOfBostonTomSrOfBoston Registered User Posts: 14,231 Senior Member
    Although some top schools do offer some merit aid e.g. Duke and Chicago.
  • nanotechnologynanotechnology Registered User Posts: 2,526 Senior Member
    If Northeastern does completely get rid of merit aid, I will be very sad to see it go - it's why I was able to attend Northeastern. However, there is no indication that the University Scholars program will be going away, and it's a very promising program.

    I definitely plan to donate as an alum once I graduate. The scholarships they've given me allowed me to have an absolutely fantastic college experience that I want other students to have the chance to experience as well!
  • ormdadormdad Registered User Posts: 552 Member
    As usual, I appear to have been a little too subtle in my phrasing.
  • beczhoubeczhou Registered User Posts: 100 Junior Member
    I got so much university grant on top of merit aid! I'm truly thankful for northeastern meeting my full aid, esp bc my efc is 0.
  • Pepper03Pepper03 Registered User Posts: 1,439 Senior Member
    @nanotechnology my son plans to support his school and intends to pay back every cent of his scholarship so some other kid can have the opportunity this school has given him. Good for you kids!

    @TomSrOfBoston do you feel better? It's an emotional time of year and venting is good from every angle!

    Just think people care enough about the school to be upset!
  • DSBargDSBarg Registered User Posts: 9 New Member
    I got my financial aid award the other day and was blown away by how generous the grant was. It alone covered nearly half of the tuition, to say nothing of any scholarships. My family is upper middle class, but nowhere near able to afford the school without the grant. Northeastern may ostensibly have the price tag of all these huge universities but in practice it's much cheaper.
  • cooklicookli Registered User Posts: 4 New Member
    You can rant all you want, but my son got in to Northeastern and was awarded $0 in financial aid. Northeastern is truly on some exceptional crack if they think we can afford $62k a year, especially since they know darn well via FAFSA that we have another kid in college as well. Every other college my kid has been accepted by to date has given him money, some amounts have been significant. Needless to say, everything Northeastern related is now in the trash.
  • sbjdorlosbjdorlo Registered User Posts: 5,092 Senior Member
    On my son's f. aid package, they stated clearly they used the CSS Profile to figure out aid rather than the FAFSA which doesn't consider equity.

    The cost difference between Northeastern and the schools that only use FAFSA is between $4500 and $5000 for us. Still, we are seriously considering Northeastern for our son. We cannot afford the 11-12K that we would need to come up with for more than 1 1/2 years, though.

    We will appeal for more aid. Considering that our FAFSA EFC was $4400 and our income dropped by about 10K this year, I hope we get more. We shall see.
  • cooklicookli Registered User Posts: 4 New Member
    Anyone who pays list price for a college is a sucker. Do you pay list price for your cars, too?
  • VirginiaDareVirginiaDare Registered User Posts: 90 Junior Member
    edited March 2015
    Perhaps cookli NU is not the school for your son. We didn't qualify for need based aid anywhere last year, (because of some inherited assets, not because we made a lot of money). Because of this we narrowed our choices down to schools that offered our daughter merit scholarships. Fortunately for us Northeastern offered her a decent scholarship. It sounds as though they offer merit to the top 25%. If she did not receive that merit she would have chosen a different school. I wouldn't have blamed the school for this, it would simply have been a choice we would have had to make. There is a right school for everyone. Northeastern is the perfect school for my daughter, and I'm sure there is one perfect for your son. Good luck to you.
  • eLCeenoreLCeenor Registered User Posts: 21 New Member
    edited March 2015
    I'd love to attend Northeastern... But their price is $45,000 for me to attend, while other similarly-priced schools are around $30,000/year for me (U of San Diego, RPI). I think they took my Dad's income too much into account, even though he probably won't help finance my education at all. I've sent them an email asking them to reconsider, but if it doesn't change NU simply isn't worth it for me to attend. Not blaming NU, though.
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This discussion has been closed.