ASU Financial Aid Packages

bunnybutt
Sat, 15 May 2010 18:48:48 +0000

the obama scholarship program uses a sort of “equation” to figure the amount that they will give you. They figure out how much they will give you by taking your COA and subtract any scholarships and grants you get from the university along with your EFC. my efc was about 5600 and i got about that much in loans. My COA for ASU is a little higher than the regular in-state and living on campus cost only because I am a barrett student. The meal plans and dorms are more expensive. Thats why i had to call the obama scholarship program in order to have them review my file to give me more financial aid (which was nice because I didn’t think that they would actually encourage this). So the Obama Scholarship covers everything left after your efc (along with scholarships and grants from the univ.) is subtracted from your COA. The actual obama program gave me 6000 along with a 1200 book grant. the rest of the “free money” consisted of university grants, my merit scholarship and another scholarship i recently received. I got really lucky because I will be receiving the AIMS scholarship this summer which covers all of my tuition. So I won’t have to take any of the loans at all.

Of course, the obama scholarship is really nice for someone who has an EFC of 0!!