Financial Aid Advisory Service

mom2collegekids
Thu, 27 Sep 2018 20:27:01 +0000

Has anyone used a service to help with Financial Aid? We found a group called College Leverage, has anyone used them? I am new to this and trying to figure it out.

What are you trying to find out?

How much CAN you pay per year?

Is your income over $100k?

I don’t see how a service can help you. FA is what it is. A school isnt going to give you more because you used a service. FA is based mostly on income. Assets, too, but not as much of an impact.

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has a 3.2 HS GPA and I think her SAT scores were 1010.

She has decent/average stats that as mentioned, many directionals would fit. Are you wanting PRIVATES? They might give you some help (grant, loans, work study), but they’re going to expect you to pay most of the costs. How much are you prepared to spend?

For example…

$60k per year moderately-selective Private Univ may give you…
$20k per year in grants/scholarships
$5,500 in student loans
$2,000 in work study

So about $27,500 in aid. Sounds like a lot of aid, right? But you’d still have to come up with about $32k per year. Is that ok?