I totally appreciate that no one can predict financial aid policies and trends of the future. I’m frustrated that one month ago I clearly asked how Scripps would address siblings in college in their aid formula (regarding next school year) and they have since changed their policy. If they were unsure at the time, they should have said so.
I understand that it feels like an advantage to provide more financial aid to families with multiple college kids (truly, I do). The reality is, if the formulas are heavily based on annual income/inflow of $, it’s logical that they also focus on outgoing expenses. I wish the federal formula went into more depth, however, I understand why they don’t (not just for financial aid but taxes and other federal programs). As someone who lives in a HCOL, it’s frustrating.
If anyone hears of other meets need/CSS profile schools who have removed siblings in college from their formula for next school year, please share. I’m very curious if the trend will spread.