<p>The top school DS was interested in gave him a $16K scholarship with his admission letter.</p>
<p>And when I put things in on the financial aid estimator, it lists a $16,000 grant in addition to a $10,000 scholarship.</p>
<p>I know no one here probably knows for sure, but do you think there is a good chance he will get the $16K grant on top of the $16K scholarship? If so, this will be the make or break (and it will be making) moment of us being able to pay for this school. Thanks!!!</p>
<p>It depends. Does the school guarantee to meet 100% demonstrated need?</p>
<p>*And when I put things in on the financial aid estimator, it lists a $16,000 grant in addition to a $10,000 scholarship.</p>
<p>I know no one here probably knows for sure, but do you think there is a good chance he will get the $16K grant on top of the $16K scholarship? If so, this will be the make or break (and it will be making) moment of us being able to pay for this school. Thanks!!!*</p>
<p>Are you asking if he’ll get a 16k scholarship…AND get the same grant? </p>
<p>I don’t think there’s a good chance of that. They would likely reduce the grant. The NPC doesn’t know that your son already has a $16k merit award. It is estimating a $10k merit award. </p>
<p>The grant is based on need. </p>
<p>The NPC estimated that you should get about $26k in “free money”. If this school puts loans in pkgs, then you’ll probably also get a 5500 student loan. If so, would that “meet need”?</p>
<p>Is this a FAFSA or CSS school? What is your EFC? Does the school promise to meet need?</p>
<p>Some schools allow you to “stack” awards, and others don’t. Contact the school and ask!</p>
<p>It really depends on your particular situation and the school. Most of the time, if you are eligible for fianancial aid, a school will count merit awards towards your need, so you cannot get financial aid on top of a merit award that meets or exceeds need. But a school can do what it wants with its own money, so it all depends on its policies. You have to ask someone who knows about these things at the school since the general answer may not fit your specific case. </p>
<p>Generally, when a student gets a merit award/scholarship with the acceptance offer, when the financial aid calculation is being done, that merit amount is applied to need, since that grant now meets that much of the need. You would not qualify for federal aid, for instance, because that is based on need and once that is met by a scholarship, it is not there any more. (PELL excepted).</p>
<p>This is not a school that meets need, no. So, the $10,000 or just $16,000 would not meet the need.</p>
<p>I hate to give this much detail…but here goes…if he got both $16K scholarship and a $16K grant, he still will not have had “need met” but it will be close enough that with student loans and work study, need can be met. The calculator is offering over $10K in student loans for the first year, which, we won’t be doing.</p>