Financial Respect 101

northeastmom
Sat, 07 Jul 2007 14:40:07 +0000

You are not the only one that has had a last minute change in financial packages (no consolation, I know). This was just posted under the financial aid and scholarships heading:



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I am having a major financial aid issue. I was accepted into all my colleges and I choose to go to a private university as I felt it was the best fit as well as offering the most financial aid (Tuition per year comes to about $37,500 and my package was for about $36,000). Recently, my mom was contacted by the college and it turns out I lost all my grants as my parents “make too much money” (which I find rather hard to believe as my mother and father are divorced, my mother is unemployed,my stepfather is a cabinet maker and pays child support for his kids, and my father is a carpenter). Due to this, an additional 11,000 dollars has been added on to my college expenses and neither me nor my parents can afford it.
I have no idea what to do as it is July. My mom is having a talk with the financial aid administrator and I’m hoping that the college can offer me more aid but if that falls through I’m lost. Should I be looking into the schools I was accepted in and explain my situation? Should I be looking for new schools? Any advice you can give me would be much appreciated as I’m very worried. Thank you.



We really don’t know the particulars, other than what is posted. It is all one sided, but taken at face value it is quite concerning. Schools do not want double depositing, yet a student like the one who posted the above is now stuck.