Anyone got the financial aid package?

upcomingsenior
Thu, 20 Jan 2011 21:39:08 +0000

since you don’t pay for semesters where you are on co-op, i think it is absolutely doable. for me at least.

let’s see, 18k in grants for four years and 8k in loans/work study = 26k “aid” for 2 semesters (a year). that’s 13k “aid” per semester

since neu is basically 54k a year, i’m expected to pay 14k per semester out of pocket (54/2=27… 27-13k=14k)…

14k*10 semesters (5 year) is 140k out of pocket. meaning, that’s how much i am expected to pay for five years at NU with my current aid package.

however, when you subtract the 3 semesters spent on co-op 14*3=42k, i save 42k! 140-42k is around 98k out of pocket for five years (19.6k a year/ 9.8k a semester)

however, i plan on getting an apartment at some point which will hopefully be less than room and board. this also doesn’t factor in the possibility of getting a paid co-op. also, i considered loans “aid” because i don’t have to pay them right away. also since law school’s in my future i should start saving now!

hope this helped… i’m not a math person so i may be wrong but this is just the way i think. paying for NU is not as scary as it sounds! :)