<p>At a school like Emory and similar schools which give out large amounts of their own instiutional aid, it is a 2-prong process.</p>
<p>You file the FAFSA to determine your eligibility for federal aid (Pell, Direct loans, FWS, Perkin Loans, SEOG, etc).</p>
<p>You file the CSS Profile or School’s own institutional aid forms to determine yor eligibility for the school to give you their own instutional money </p>
<p>Emory states in the FAQs regarding the Emory Advantage:
Emory:
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<p>What is the Emory Advantage financial aid initiative? </p>
<p>Emory Advantage consists of two programs: a Loan Replacement Grant and a Loan Cap Program. For the Loan Replacement Grant, Federal Subsidized Stafford Loans will be replaced with grants in initial financial aid awards for dependent undergraduate students from families with total incomes of $50,000 or less who demonstrate need. Institutional funding will be provided to cover educational costs normally covered by loans. For the Loan Cap Program, dependent students from families with total incomes falling between $50,001 and $100,000 may be eligible for a $15,000 Federal Subsidized Stafford Loan cap over the term of their undergraduate career. This initiative has been implemented to ease loan burdens for families and to help improve access for middle-income families. Emory’s goal for these programs is to make an Emory education affordable for any qualified student, regardless of family income.</p>
<p>Who is eligible for the Loan Cap Program? </p>
<p>The Loan Cap Program is available to dependent, full-time undergraduate students who enter degree programs beginning with the fall 2007 semester in Emory College, Oxford College, Nell Hodgson Woodruff School of Nursing, and Goizueta Business School beginning with the 2007-2008 academic year. Only students entering Emory University fall 2007 or after will be considered. Students must meet citizenship requirements and other eligibility standards for institutional need-based financial aid programs.</p>
<p>We make $125,000. Why weren’t we included in the $15,000 Loan Cap Program? How was this threshold selected? </p>
<p>A family’s total income is based upon an institutional methodology standard. The upper limits for program eligibility were determined by an analysis of national income distribution and the average debt incurred by Emory undergraduate students. The Loan Cap Program is designed to minimize debt upon graduation and to help families anticipate a targeted total loan amount. The program is capped at a $100,000 annual income with a goal of providing assistance to as many families as possible in a fair and equitable manner while meeting demonstrated need. </p>
<p>[Frequently</a> Asked Questions](<a href=“Emory Advantage | Emory University | Atlanta GA ”>Emory Advantage | Emory University | Atlanta GA )
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<p>Emory’s definition of Instutional Methodology</p>
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Emory's Instutional Methodology:
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<p>A nationally accepted standard used by many colleges, universities, graduate and professional schools, and private scholarship programs for assessing a family’s financial eligibility to receive funding from the school to help meet the Cost of Attendance. While similar to the federal methodology, **IM includes a comprehensive review of assets, income, family size, home equity, and other factors. **Institutional Methodology also permits more generous treatment of medical/dental expenses, elementary and secondary school tuition payments, and child support payments in determining a family’s total available income to pay for Cost of Attendance. </p>
<p>[Glossary</a> of Financial Aid Terms](<a href=“Financial Aid at Emory | Emory University | Atlanta GA ”>http://www.emory.edu/FINANCIAL_AID/glossary.php#institutional_methodology )
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