FA at Boston University

[sybbie719]

<p>

@lookingforward

Ohh- M2 you mean where the gapping kills the kid? I thought this was just about the class difference thing.

</p>

<p>Back to the original story:</p>

<p>Op applied and was accepted to BU. She was late in submitting her FA paperwork and as a result **received no FA from the school with the exception of federal aid (Pell ad Stafford loans). </p>

<p>The family has a 0 EFC and makes 17k a year**. </p>

<p>OP beleives that the school should have given her 31k in financial aid. </p>

<p>Before the thread morphed into something else, the conversation was about how BU was not a financially feasible option for this student because they do not meet 100% demonstrated need and** her parents are not in the postition to borrow neither the COA as a result of her not receiving any institutional ai or the 17k gap that would be left on the table even if she had received the 31k in institutional aid<a href=“that%20the%20OP%20thought%20she%20deserved”>/b</a>.
I wrote in post # 76

@sybbie719

</p>

<p>BU has a cost of attendance set at $59,100</p>

<p>[Cost</a> of Education for Undergraduates Financial Assistance | Boston University](<a href=“http://www.bu.edu/finaid/aid-basics/cost-of-education/undergraduate/]Cost”>http://www.bu.edu/finaid/aid-basics/cost-of-education/undergraduate/)</p>

<p>the direct charges that OP would have to either pay or get covered by financial aid are </p>

<p>Tuition $42,400
Fees $594
Room & Board (most plans) $13,190</p>

<p>total 56,184</p>

<p>at this stage the only thing that the student is guaranteed with her 0 EFC is </p>

<p>5550 Pell
5500 Stafford loan</p>

<p>total 11,050
Lets give her work study that is the equivalent to her incidentals, </p>

<p>$1100</p>

<p>Even if she should get the 31k that she believes that she is entitled to this comes to $42,050. She will still have a 17k short fall which is the equivalent to her parents yearly income.

</p>

<p>Where the discussion turned, was when teachandmom wrote in post # 19</p>

<p>

@teachandmom

</p>

<p>It’s mostly the rich kids who get to attend their dream schools, and hate to say it, but with a family with the income of yours, you would always be an outsider, even if you did get in.

</p>

<p>then the thread went on another tanget. back to our regularly scheduled programming ;)</p>