Apparently they packaged federal loans so at some point the system took it into account. But 22k Npc COA->46K COA is too much of a discrepancy.
That is pretty much done at this point. I already received acceptances to some good schools. Problem now is that the schools do not match their npc
Anything else I should add in the email?
I donāt believe that information is used anywhere when colleges are calculating need based aid. @kelsmom is this sort of information used to calculate need based aid?
There is a question asking how much food, utility bills cost
EVERYONE has food and utility costs. These are not considered an extenuating circumstance. If your family eats more expensive food, for example, or uses more in utility costs, this is not a factor in determining need based aid.
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That āno loanā policy means no loans that are given as part if the financial aid package they award. If a family needs to take other loans to pay their family contributionā¦that is NOT part of the no loan policy.
Are you saying ALL of your financial aid packages are not matching the NPC results?
What is the equity in your rental income house?
I have only received 3. Case Western, Northwestern and Rollins. Rollins is affordable and meets need ($19k a year). Case and Northwestern donāt.
$40-50k. that is how much we can sell it for
And Rollins will be warm vs. frigid!!! Congrats on that!!
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I understand that, but the whole concept of meeting financial need is giving enough aid for a family to attend without forcing them into debt right?
Thanks. I like whatever I have heard of the school, including their 3+2 program.
I originally thought they werenāt going to use it, but I donāt see any other reason why the npc and CSS are so different.
I donāt know NUs policy on this, but some places feel you can sell this second piece of property to fund college.
Need based aid is not designed to help people hold on to second home assetsā¦if thatās what you are hoping.
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That is fine, but they should have indicated such on the npc where I entered this information.
It looks like NU also considers some portion of primary home equity when calculating need based aid. As well as the equity in second homes. Did you include the equity in BOTH of these homes on the NPCs?
Read this. It lists clearly what is considered and what is not.
Some of the factors used to determine eligibility for federal aid are:
- Taxable and nontaxable income
- Federal and state taxes
- Assets
- Asset protection/educational savings allowance
- Family size
- Income protection allowance
- Number of family members in college
- Expenses related to the employment of both parents
Some of the factors that determine eligibility for aid from Northwestern are:
-
Home equity
-
Private elementary and secondary school costs
-
Non-discretionary expenses (such as non-reimbursed medical expenses)
-
Business losses
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Depreciation expenses
-
Special circumstances reported by your family
The expected family contribution toward freshman-year expenses includes a portion of the studentās summer earnings as well as 25% of his or her savings. The balance of any savings and assets will be applied to the cost of your remaining undergraduate years.
You can estimate your family contribution for college using the College Boardās expected family contribution worksheet. Your actual expected family contribution may vary based on the results of the CSS Financial Aid Profile and institutional analysis.
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3+2 means that you do not know what the cost at the ā2ā school will be. Some ā2ā schools also have competitive admission for transfer there.
Yes, I included both primary and secondary home equity
A college may define meeting need differently than a family.
In any event, congrats on having Rollins as an affordable option.
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Yeah, I know. Just one thing I am interested.