I think I'm screwed

Laffytaffy
Wed, 19 Apr 2006 12:50:35 +0000

SFS took away all my aid (around $23) and said I have to pay everything. YAYYYYYYYYY!!!..no

I was accepted ED and got the first financial aid thing (based on 2004 taxes) saying Penn would pay for half, so we were ecstatic. However, based on my 2005 tax returns they said my family’s income increased dramatically and took away everything (Penn grant, some scholarship, and some loan).

My mom called our CPA and he said that our income increased because we sold two some property we’ve been saving for investment (that we’ve had for 10 years) in the same year, but he said that doesn’t mean our work income increased. The reason we sold the property was to pay for my oldest brother’s debt from college loans and, irronically, to also pay for my future UPenn bills. We currently don’t have any money from the sale of that property because my brother’s debt was so high.

So…we called the lady who evaluated my fin aid and she said to file a re-evaluation form and so we currently are.

But it’s really annoying and worrisome. I realy doubt I’ll be able to go to UPenn next year.

So, you’ve heard it, an ED student that possibly won’t attend the school.

Does anyone have any advice or experience in this matter? Any encouragement would be really helpful, as I am about to commit suicide.