<p>Realistically, how much is someone expected to pay yearly for tuition, boarding, and books if they have an EFC of 0 and a Dean’s Scholarship.</p>
<p>Thanks for any help.</p>
<p>I’m on Dean’s and I had an EFC of 0, and for me, nothing is coming out of pocket in terms of tuition and boarding. All I have to pay for is books. But I did get other scholarships and grants, so it basically subsidizes all the costs for me and my family.</p>
<p>“I’m on Dean’s and I had an EFC of 0, and for me, nothing is coming out of pocket in terms of tuition and boarding. All I have to pay for is books. But I did get other scholarships and grants, so it basically subsidizes all the costs for me and my family.”</p>
<p>Thanks for the reply but I’m having trouble understanding it. From the first part of the sentence it appears that Deans and EFC 0 will pay for the entire tuition and boarding? So, the other scholarships are just used on family issues? Did I interpret this correctly? Or is it this: EFC 0 + Deans + other scholarships and grants=tuition and boarding?</p>
<p>First, please be aware that USC uses the FAFSA and the CSS/Profile to determine your need, so the amount you are expected to pay may differ from your FAFSA EFC.</p>
<p>Financial aid packages generally include subsidized Stafford loans ($3,500 freshman year, $4,500 sophomore, and $5,500 each Jr and senior years), unsubsidized Stafford loans of $2,000/year and Federal work/study of $2,000 - $2,500/year. So, at minimum, at Freshman is likely to have $7,500 in loans and work study - even with an EFC of 0. This is called the “self-help” portion of your package. Many students do not consider this “out of pocket,” but eventually the loans will have to come out of someone’s pocket and you have to *work *for the work/study. (Sophomores will have $8,500, and Juniors and Seniors $10,500 minimum in self-help.)</p>
<p>If you earn outside scholarships, in most cases they can be applied to the $7,500 in self-help. The Dean’s scholarship will be considered a resource and will reduce your need - in general USC scholarships cannot be applied to your self-help portion.</p>
<p>I hope this helps answer your questions. If you haven’t already, look at the <a href=“http://talk.collegeconfidential.com/university-southern-california/839970-faq-usc-financial-aid-2010-a.html[/url]”>http://talk.collegeconfidential.com/university-southern-california/839970-faq-usc-financial-aid-2010-a.html</a> thread for more information.</p>
<p>Wow, thank you so much for the help.</p>
<p>One final question: Do most colleges separate their financial aid packages into need-based and self-help portions?</p>
<p>For example: If I were to get a UCLA regents scholarship or an alumni-based scholarship, would these contribute to the self-help portions of my fees or do UCs make no such distinctions?</p>
<p>
The package isn’t really separated, those are the components that make up the package. Most colleges include self help, the exceptions are some of the Ivies that offer “no loan” packages, though they do often include federal work/study. USC is among the colleges that meet full need (most colleges do not - most leave a “gap” that is not met by the package) and the aid at USC is among the best- only the ivies offer better aid.
UCLA, and all the UCs, include self-help as part of their packages. The Regent’s scholarships are different at each campus. At UCLA the Regent’s is a $2,000/year honorarium. For UCLA Regent’s scholars who have need beyond the $2,000, UCLA awards scholarships/grants to cover the remainder of the need. (For high-need students, the Regent’s is an excellent scholarship.)</p>
<p>The UCLA Alumni Scholarship is $1,000/year and is not increased to meet need. They will automatically reduce your grant aid with the Alumni Scholarship, but if you call you can probably get them to apply it to your self-help.
[UCLA</a> Financial Aid Office-Scholarship Office](<a href=“http://www.fao.ucla.edu/uclascholarships/regents.html]UCLA”>http://www.fao.ucla.edu/uclascholarships/regents.html)</p>
<p>Once again, I greatly appreciate your replies.</p>
<p>But one last question: When its says most USC-specific scholarships can only be applied to the need-based portion of the financial aid package, does this also apply to the Norman Toppings Scholarship?</p>
<p>Sorry if this has been answered before, but I can’t seem to find it via the search button.</p>
<p>Hmmm… that is a good question. You might want to start a new thread with “Norman Topping Scholarship” in the title. The USC Scholarships that are not applied to the self-help portion are the Trustee, Presidential and Dean’s. The Topping Scholarship is specific to USC, but it is student administered and funded, so it may have different rules. Your best bet is to ask students who have received it. Good luck!</p>