Chance me? Fin aid appeal

collegestu816
Fri, 22 Jun 2012 15:05:59 +0000

I go to Emory and they are a school that claims to meet full FA, but as many Emory students will tell you they’re only very generous to families making under $50k (but this is a school where over 30% of the students’ families make over $250k so many don’t really worry about it…) And as a Profile school they use their own formula to determine how much aid to give based on their own level of resources and an in-depth look at your financial situation (more than what FAFSA will tell them). With that being said, what likely happened as does for many who are self-employed is that you took out a lot of deductions from your gross earnings which led to a much lower AGI and thus a much lower EFC. The Emory FA people probably added a lot of those deductions since they deem it to not be a qualified deduction and thus should be counted as part of your income. What whats your total gross gross earnings and your AGI? My guess is that there’s a huge discrepancy between the two. But from the looks of it it looks like your daughter got no real FA, but only the maximum Stafford Loans and WS (which isn’t even real FA like grants or scholarships). Try running Emory’s NPC (Net Price Calculator) and see what you get. If the amount the NPC says you’re supposed to pay is much lower than $49,180 (Emory’s COA minus the $9k your daughter got) definitely mention that in your appeal. Besides that the only other way the FA here will budge is if you have extenuating circumstances such as high medical bills. Your daughter can always look it merit options offered by Emory. The big one they have for rising sophomores or juniors is the Deans Achievement Scholarship (which gives you $10k per year off tuition for your remaining years) but the deadline for that passed about a month ago (and most people who get it here have 3.9+ GPAs and significant ECs at Emory so if your daughter is qualified definitely apply next year).