Hello. I’m looking for advice. Thanks in advance for any feedback you can provide.
My son was admitted EA to Elon. We need to decide whether to apply for Fellows (business) with the deadline in two days. He received the $7,500 scholarship with the acceptance. If by chance, he is selected for Business Fellows, he would receive an additional $7,500. However, that is not enough to make the net cost comparable to other colleges that have accepted him. The net price for these other colleges is $18-20K with merit and need based aid. The missing piece is financial aid and the packages haven’t yet been released. I’ve heard that Elon is not generous due to a small endowment. And the net price calculator included no need-based aid - only the possibility of the Presidential + Honors. I don’t think he’s a good fit for Honors.
The Fellows process is also not easy. If he were selected to participate in the Fellows weekend, we would need to pay for a trip from MA for a possible chance at being selected.
Based on your experience, does anyone have a rough idea how much need based aid Elon might offer with an EFC between $7K and $8K? Perhaps, the answer is in the net price calculator - $0. But before we move on, I thought I would see if anyone had more information that might help us.
If at all relevant, my son’s stats: 1490 SAT, 3.78 unweighted GPA