Do I qualify for a financial aid appeal?

jdong00
Wed, 06 May 2020 01:51:30 +0000

To whom this may concern,
Hi! I hope this question finds you well. I am recently committed to Yale university for the coming fall and was wondering if I can appeal my financial aid (I am currently paying full tuition). My parents make around 230k a year working 15 hours a day, everyday managing a buffet. They own around 10 real estate properties where they make very little income as they use the rent to pay off mortgage. As a result, my fafsa EFC was around 400,000 which didn’t make much sense to me. I also have an older brother who is a rising junior at NYU university paying full tuition (without housing fees and such) Also, as of recently, due to the coronavirus my parents business has closed and they have no other sources of income. I’m sorry if I come off as spoiled but I was just wondering if I should bother appealing my aid as I really want to alleviate the financial burden that college has on my parents. They don’t mind working a few extra years to pay for me and my brother, but I may have to take some loans and I am really just trying to get them the vacation that they have earned in the last twenty years.