How much financial aid did you get?

TNVandyParent
Mon, 06 Apr 2009 16:56:50 +0000

kasiiaaa: As a parent, this is how I think it works (from two years of experience). Vandy wants each family to be fully responsible for their EFC…therefore they will deduct outside scholarships from the need based aid. When it’s all said and done your EFC plus outside scholarships plus VU merit and/or need based aid should roughly equal the COA. When you return the financial aid material, it specifically asks for the name and amount of any outside scholarships.
If you’re receiving need-based aid, Vandy will be delighted to learn you’ve received an outside scholarship–because it lessens the dollars needed to meet your “full need”.
We’ve always found their financial aid policies to be reasonable. Our DD is a sophomore and really loves the school.