Dissapointing financial aid package - help!

modestmelody
Wed, 04 Apr 2007 11:09:05 +0000

Loans there is only a capped amount. Aid can increase in the form of grant money, though it only does so when the reason your EFC is higher is due to college savings accounts in the students name. In those cases, once that money is spent, it’s no longer in the “100%” towards college set of money and that could make a huge difference year to year. For instance, my family put a lot of money away for me to go to college and I had about 65k in the bank. That was entirely spent in my first two years here and my Brown calculated EFC has gone from 42k a year to 18k a year next year (granted, this is with my sister entering college as well) so my financial aid has changed significantly. In other cases, where money is primarily in parents name and there are no changes in employment and there aren’t significant savings being spent, it’s far less likely for financial aid awards to change.

Your best bet is to talk to the FA office, they’re very lovely and helpful people in my experience.