Huh? Financial Aid

<p>I just checked ISIS for my financial aid information and I have a few questions:</p>

<li><p>What should Bright Futures be listed as? I know I have 100% and I am counting on UF to be my financial safety.</p></li>
<li><p>There were three separate “awards” listed. Two of them were loans totalling over 10,000 a year. If that’s the case, why wouldn’t I go to a private school. I was under the impression that UF was the cheap way out. Basically the top 1% of my school always chooses UF over say Harvard because of financial reasons. If it still costs 10,000/year to go, I feel like more kids would choose Harvard. That leads me to believe I am missing something. Am I reading this properly? Can anyone explain what their packages said?</p></li>

<p>1) my bright futures was $4240 (100%)
2) I have $1405 loan, $2500 scholarship, and the $4240 Bright Futures under "Award Details" (for the whole year)</p>

<p>The 100% Bright Futures is called "Florida Academic Scholars."</p>

<p>Most private schools cost almost 50K a year without aid. Almost 200K for an undergraduate degree. UF costs under 50K for four years. Huge price differential.</p>

<p>Oh! I forgot BF was called Florida Academic Scholars, thanks!</p>

<p>ChamilitaryMayne - Most of the people I was referring to were not upper class though. They were lower-middle class and their EFC would've reduced the cost of a private school significantly. I guess the difference between 40k in debt (UF) and 80k in debt is a big enough deterrant for most. To each his own.</p>

<p>Do you need to have already paid the acceptance deposit to check your financial aid? I saw a log-in on ISIS, but I don't think I have gotten a password or log-in name yet.</p>

<p>Actually UF is about 16k/year, meaning UF costs about 64k.</p>

<p>kolom, nobody actually pays 16k/year for UF. let me break it down...
Tuition: $3,790 (free for most in-state students)
Books: $960 ($360 for in-state students, with the BF $600)
Housing: $4,630
Food: $2,520
Personal/Insurance: $1,640
This adds up to $13,540 per year.
If you subtract Bright Futures, the cost is a mere $9,150 per year.
It's even less money if you get Financial Aid or other scholarships.</p>

<p>*Note: I am not including costs such as clothing, car expenses, etc.</p>