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University of Richmond wrote:
Reductions for Late Applications
The University of Richmond's policy is to fully meet the demonstrated need of its students who submit all required financial aid forms by the stated deadline. Students who demonstrate need but fail to meet the deadline will lose a percentage of their need-based grant and need-based scholarship aid. Therefore, their need will not be fully met. We assess a 10% reduction in need-based grant/scholarship aid for applications received after the deadline, up to two months after the deadline. Applications received more than two months late will receive consideration only for limited federal need-based grants and Direct Loans, but not for any other need-based aid.
I think it’s because all my cousins went to super expensive private colleges:
Northeastern, Harvard, NYU, Amherst, Georgetown, etc. with middle incomes.
if I were to get in to one of my top schools, what is your outlook on student loans? Not the Fafsa ones but rather the ones you get from the bank and such. I know it depends on how much you take out, but it is still good to know about it.
My initial question was “Why is my EFC more than what my parents can afford?”