Financial Aid Packages

northeastmom
Mon, 23 Jul 2007 18:51:19 +0000

This the formula at most Fafsa schools. Profile looks at more things, like home equity (where many middle class families are out of luck and just need to look to another school, or go head over heels into debt). I did look at UR’s financial supplement, where they look at child support, and mortage/rent payments. I don’t have a problem with any of that. The supplement seemed straight forward. If a family cannot meet EFC, the family needs to look at a cheaper solution (merit aid schools if their kid is in the top 25% of applicants), a public college, or they look at private loans or 2nd mortgages. I would not take out a private loan, but that is a personal decision.

I have heard that it is a rich person’s school overall. I know that they have a bunch of prep school kids who attend. I know of someone who transferred out for that reason. He was from an upper middle class family, went to a very competitive public HS. He could not relate to a good deal of the student body. He left after freshman year.