Help: Thoughts on award package

<p>Gettysburg College:</p>

<p>COA…51,080…not including books and travel</p>

<p>Gettys Scholarship…7,000
Gettys Grant…26,481
Federal Grants…3650</p>

<p>Federal Loans:…6,000</p>

<p>work study:…1,500</p>

<p>Ok help let me know what you think…</p>

<p>I think the main thing is you have a $6500 gap there. Is that your EFC more or less? In that case, I’d say it’s not a bad aid award. There would be $6K in loans, and if that stayed steady a debt at graduation of $24K – which is not horrendous comparatively speaking, but is something to keep in mind. (Do ask if the award is likely to change substantially from year to year.)</p>

<p>Thanks Rent…
I also redid my fasfa for 2009 and my pell should go up 2000…
My EFC is actually less…but I dont intend on taking a parent loan…</p>

<p>Since you’re getting $3650 in federal grants, I’m guessing that’s Pell. </p>

<p>If so, is your EFC about $500?</p>

<p>How would you cover your gap plus books and travel?</p>

<p>cross posted with above post…</p>

<p>So, is your EFC now 0? If so, then your new Pell amount would be about $5400, right?</p>

<p>Yeah, we told our kids we would not do Parent Plus loans either. We have a hard time paying the bills we have (even with zero consumer debt), we don’t have the means to be making loan repayments. I hope with the Pell adjustment that helps the ends come together for you!</p>

<p>I have to see if any of the outside scholarships come through too.</p>

<p>Yes mom…
Im also a single parent…so hopefully my ex will help with half the gap…</p>

<p>That would be excellent. Also, be aware that a student should be able to earn 2 to 3 thousand with summer work. That’s a big chunk.</p>

<p>Yes he is working at a camp this summer.So that should help too!</p>

<p>Since the COA does not include books and travel. It sounds like it doesn’t include personal expenses, either. </p>

<p>I really don’t think you can expect your son to contribute to the COA in post #1, if that doesn’t include books, travel, and personal expenses. Whatever he earns at camp, will be needed for books, travel, and personal expenses. He should see if that work-study could be increased a bit so that he could earn a bit more for the school year.</p>

<p>I am going to sit with financial aid on Monday and try to get more exact numbers. Do colleges sometimes offer more?</p>

<p>Yeah, sometimes they do. I’ve had friends who needed a little more from the colleges to get the ends to meet, and they got it. Many folks find it useful if another peer school or rival school came up with a more generous award, to see if the school can work to make the their award somewhat equitable to the more generous offer. Both my friends, though, found their colleges to be willing to work with them even though the students were Early Decision applicants and were not deliberating between schools. They just needed more aid in order to make attendance possible. So I don’t think it needs to be a haggling thing (that would not go over well!), but just an honest discussion about what’s possible.</p>

<p>In any case, it’s totally up the school whether they’ll make an adjustment or not, but it doesn’t hurt to (politely) ask. You won’t be the only one asking! And they certainly won’t help if you don’t ask.</p>

<p>*I am going to sit with financial aid on Monday and try to get more exact numbers. Do colleges sometimes offer more? *</p>

<p>If your child’s stats are high for the school, sometimes they will offer more.</p>

<p>What are your child’s stats? If they are higher than the below numbers than he’s in the upper 25% for the freshman class. </p>

<p>Gettysburg mid 50s range
SAT Critical Reading: 610 - 690<br>
SAT Math: 610 - 690</p>