Earnings Expectations and Federal Loans


<p>I have a question in regards to earnings expectations at Ivy League schools. Being low income though, meeting the earning expectation can be a bit difficult because any excess income pretty much has to go to helping the family. With loans being cut out of packages, could we still ask for them?</p>

<p>Is it possible to use the government guaranteed Perkins Loan to cover the earnings expectations at Dartmouth? </p>

<p>Or does Dartmouth's financial aid initiative exclude low income applicants from the earnings expectation?</p>

<p>You should really ask the FA office at the school that question</p>

<p>I figured as much. I was just wondering if anyone had any experience with what happens if you can't meet the earnings expectation.</p>

<p>Thanks anyway</p>

<p>Well if the college put you down for X $$ and you don't make that much money, then any money you still owe the school (after any loans,grants, scholarships) would have to come from somewhere.</p>

<p>most cost of attendance includes a line for personal expenses like travel, etc. If you come up short in your earnings, you might have less discretional (sp?) income. Also you might be able to save money by buying used textbooks. </p>

<p>btw, if you've been accepted at Dartmouth, congrats! I'm confident that they will do all they can to help you afford the school if they accepted you knowing your financial situation. </p>

<p>Make sure you take advantage of all Work Study money. That income is not counted on the Fafsa. By that I mean you will report it, but it doesn't count towards the amount a student can make before the govt starts adding it to the EFC. Of course that won't affect you until your sophomore year</p>

<p>Yeah, I got a likely letter from them. I'm stressing out now about the money. I qualify for the financial aid initiative (under $75,000) but the wording of it is so vague that I can't even figure out if there IS an earning expectation for low income people: </p>

No Tuition for Families Who Earn less than $75,000
Beginning with the 2008-09 academic year, all students from families with incomes of $75,000 or less will receive free tuition. In addition, many will also receive scholarships for associated costs of attendance, i.e. room, board, books and miscellaneous expenses.


<p>The mentioning of additional scholarships makes me think that the answer is no but I'm not entirely sure. Maybe someone better at reading between the lines can help. :P</p>

<p>Damn, a likely letter? talk about vague!</p>

<p>I guess their final decision and FA will be coming soon.</p>

<p>Sounds like a good deal. I wish my son could have gotten that good a deal where he is now.(I'm low-income according to dartmouth)</p>

<p>Sorry for MY being vague,</p>

<p>The financial aid initiative wasn't mentioned in the likely. I just researched that and came across it. Would you recommend calling ASAP about the summer earnings expectation or just waiting until I get my Fin Aid award letter?</p>

<p>It can't hurt to call. the worse they can say is you have to wait for the FA letter.</p>