if at the worst case scenario they don’t agree to improve aid because of something like this, will I be able to break out of the ED?
I would think that this discrepancy is a valid reason to break ED. You applied because the NPC showed that you could afford it, you followed up regarding the NPC result, and the actual award is unaffordable. Even if you entered some information incorrectly, you did not do so knowingly.
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I mean, nothing stops anyone from breaking out of ED.
It’s not right - assuming everything meets what they say - but it’s also not a crime. It’s just…not right.
In your case, it’s justifiable if you can’t get it fixed to what you thought.
Yes, you can break an ED agreement if the school is not affordable. If there is a material difference between the result of the NPC and your actual award that is a valid reason to break the ED agreement.
Sorry this is happening but so glad you alreqdy have a wonderful, affordable option in hand.
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thanks. I got a few options in India as well that if are successful are really good
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If it helps, there’s an explanation here
Excerpt:
There is considerable similarity in the type of standard forms required to file taxes in both India and the US. If you are a salaried employee in India, the standard form you require to file your IT returns is the Form 16. The same function is served in the American tax system by the W-2 form.
For other sources of income, the Indian tax system provides for forms such as ITR-2, ITR-4. Meanwhile, the American tax system has a series of 1099 forms such as the 1099-R for annuities, 1099-G for unemployment compensation and 1099-MISC for miscellaneous sources of income.
So, it seems like there shouldn’t have been much lost in translation unless some instructions were misunderstood?
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Yes. The one reason you can back out of an ED acceptance without worry is if the financial aid is insufficient for you to attend.
I do remember submitting the form 16 and one more tax document.
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There is a link for me to schedule a meeting with a financial aid officer. Should I do that?
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Sure!
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Absolutely! They tend to be very helpful and knowledgeable and will try to make things work for you if they can. They want you to attend if possible.
Good luck!
the link states that there are no appointments available
Contact the FA dept again via email (I assume a call would be difficult/expensive?), stating you would like to speak with someone but there are no appointments available. I also assume the ED enrollment deposit is due soon, and you must request an extension for that, with the reason being you need to speak with someone in FA because the FA offer does not match the NPC results. You can probably request an extension for the enrollment deposit through your portal.
You also mentioned this above. CWRU and NU do meet full need for all as they determine it…is the CWRU offer close to their NPC? How does CWRU’s offer compare to NU? Rollins actually doesn’t meet full need for all, but they gave you a great FA package because they really want you to attend.
Good luck with NU and keep us updated.
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CWRU’s offer is similar to Northwestern’s and double their npc as well.
I booked an appointment
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This is telling, and I would expect all CSS Profile schools to be in the ranges of CRWU and NU. Is it possible there are some assets or income that weren’t properly accounted for in the NPCs? Or even some assets/income you aren’t aware of?
Good luck with the NU discussion.
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Thanks. I have checked everything. Nothing in the CSS is different from NPC. I got it reviewed from my parents using our tax returns. All I can think is that our secondary house value is overestimated in the CSS by $10k.
That wouldn’t come close to explaining the difference between the NPC of $22K and actual offer of $46K.
Further, with an SAI of $7195 (which likely qualifies for a small Pell grant) the higher NPC and actual offer means there are not insignificant assets. Do either of your parents own a business?
All you can do is listen to what the NU staffer says about how they calculated what they believe your family can pay per year and go from there.
Lastly, is the appointment before or after the ED enrollment deposit deadline?
Appointment is before. My parents do not have a business. They make about 106k a year withiut taxes.
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we have a primary home with equity about 140k but it has a mortgage of about 75k