Follow up on Financial aid adjustments

northeastmom
Mon, 07 May 2007 08:13:08 +0000

Binx, I understand that they are not obligated to replace merit money with a grant, but what do you mean by this:



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!



I think that the letter they wrote to your D about conserving some of the scholarship $ with a 2.0 or better, is interesting. I have never seen a letter like that. Did they specify the exact amount of the scholarship reduction? At least it is up front, and honest, but my guess is that if the reduction in $ shows 25,000+ difference over the following 3 years, my guess is that it scares many students away. At least it is not a mystery anymore, and spelled out in an up front way for the family.