Financial aid package at Seton Hall University

mom2collegekids
Wed, 27 Feb 2013 10:03:07 +0000

*My daughter’s need-based grant was a whopping $1,000. On top of her merit scholarship of $23,000 per year we would still owe $26,000 PER YEAR for SHU. Needless to say, we told them to stick that offer where the sun don’t shine. She’s also been admitted to DePaul and Richmond. Both of whom have offered FAR better FA offers. I have no idea how SHU keeps its doors open…
*

*My daughter got her FA offer from Seton Hall…a whopping $1,000 per year. She was offered a $90,000 merit scholarship as well but that still leaves us $110,000 short for a 4 year degree from SHU!! Are these people insane??? Who would spend that kind of money on an average private institution??? She has already declined their offer for admission.
*

It’s rather disengenuous to say that SHU only offered you $1k per year in aid when they also offered you a $23k per year scholarship. All of that goes towards “need”. You were probably also offered a $5500 student loan. So, likely a total of nearly $29k per year in aid.

What was your EFC? SHU, like most schools, does not promise to meet need since it doesn’t have the funds to do so. It’s not being mean. A school doesn’t demand that anyone to pay any certain amount. If you can, then great, if you can’t, decline.

$110k TOTAL for a four year degree from a good private is not outrageous (minus the student loans). That’s probably comparable to what your state school would cost. It’s actually a good deal for a private school.

For a lot of people, paying $2XK per year is a good deal.

Congrats on the other offers, but dinging SHU for a very nice offer seems rather ungracious.