Parents with bad credit?

cptofthehouse
Thu, 23 Aug 2012 23:30:18 +0000

Most schools in this country are need blind in admissions. What that means is that they will accept an applicant regardless of ability to pay. The financial aid office then looks at the aid application and meets the student’s need the best it can within its budget. Most schools in this country do not meet 100% of most student’s need, or even close to it. Most schools that guarantee to meet need, by the way, define need themselves rather than using the FAFSA EFC,

When putting together a need package for a student, a lot of schools also take the students academic proflie into consideration, giving the top students full need met packages, and less as they go down the stats. That’s why, depending on what SDU’s NPC asked about you, the actual package may be quite different. Averages are just that, and may not apply to you.

Some famiilies want to exercise their right to borrow money to pay for a college that they cannot otherwise afford, and there are some loans like PLUS out there that might make it possible. Maybe they have some future assets coming. Maybe grandmom will help. There may be things in the financial picture that did not show up on the aid application. So it’s up to a family if they will try to meet what any given college says has to be paid and how the payments are made.

There are a few schools that are also need aware in admissions, and yes, those might reject you if they can’t meet your need. Those tend to meet the need of those students that they accept.

So if you really like SDU, and want to give it a go, do so. Just make sure you have some sure things on your list, because you can well see what your aid package may be from them.The