Follow up on Financial aid adjustments

binx
Mon, 07 May 2007 07:54:47 +0000

Scholarship is definitely preferable. If for some reason you lose the scholarship, your EFC will kick in. Of course, they are in no way obligated to replace it with a grant, but they might, especially because the second package still includes a grant! My eldest received a need-based grant, along with a letter stating that they would meet need (by their definition) with grant all four years. And some schools also have a sliding scholarship – one school (can’t remember which) that offered my D a scholarship included info that if her GPA fell below a 3.0 but above a 2.0, then she would receive a lesser amount.