Financial Respect 101

originaloog
Thu, 12 Jul 2007 08:00:59 +0000

The other thing that merit aid families should consider it that tuition/fees/room/board costs will be thousands higher by senior year. Our son attends Rensselaer(a NY engineering college) and was offered 3 scholarships totalling $25k/yr.

While he continues to receive those scholarships, tuition has increased by $5950 in 4 years and $2400 this year. Fortunately he has saved about $5000/yr by living off campus following his freshman year, a move which more than offset the tuition increases.

I do think withdrawing finaid without reason is a breach of trust if not a breach of contract and there may be more to the OP’s situation than was posted since (s)he is batting a thousand in the “get screwed by the college” category.

My bet is that neither college will be getting any alumni gifts in the coming years.