<p>How does it really work?</p>
<p>For example is there a chart to show how much need based aid they hand out based on income?
Also when looking at schools tuition are they just showing you one semester to make themselves appear cheaper than they actually are or is it 2 semesters?
My final question is: whats the average amount someone usually owes after a year? 10,000?20,000?</p>
<p>Thanks.</p>
<p>The reason I ask is because if I can I dont want to have to go to a school close to him because of the high rates.</p>
<p>There is a lot of useful information in the Financial Aid Forum. Look on the left-hand side of this screen in the section labeled “Top Forums”. Start by reading all of the sticky threads at the top of the page.</p>
<p>Good luck!</p>
<p>Thanks, but it didnt really tell me stuff i didnt already know.
im looking for responses that are more personal than just general knowledge</p>
<p>Well thats because you gave a general question… School show tuitions for a full year and need based aid is not just based on income. If you want to know how much need based aid you’ll be awarded there are calculators for Princeton and Johns Hopkins that will help calculate how much money you and your parents will be required to give per year towards your education. If you want to know your need based aid subtract tuition from that number. Typically people making 50k will require nearly 40k need based aid, people making 100k will require about 25k need based aid, 150k+ little to no need based aid. However at HYPS, typically families making 150-200k can expect up to 30k in need based aid. Voila! I hope I answered your question.</p>
<p>thanks
my mom said i probably wouldnt be elgible for aid but im pretty sure we make less than a 100k per year.</p>
<p>ill look on the princeton review for the calculator</p>
<p>Also, go to the website: [FinAid</a>! Financial Aid, College Scholarships and Student Loans](<a href=“http://www.finaid.org%5DFinAid”>http://www.finaid.org)</p>
<p>It has calculators and very good information on how FA works.</p>
<p>thanks for the site!</p>