S was accepted to ND with a great FA package. He has high need so in the package there is a Pell Grant and state aid(Indiana). I am slightly concerned that if the state cuts college aid next year this aid amount will go down.
If this happens will ND pickup that amount in their institutional aid or will their aid remain the same and we will have to cover the Indiana amount? I assume if the Pell goes down that is because our income is higher and know that ND wouldn’t cover that amount (of course)—but am concerned that the state aid goes down because of change in funding.
Can anybody shed some light? This package was awesome and more than we expected, but we are concerned about future years.The state aid amount is high. We were surprised (naively) that when a school says that meet full need they get all the funding from state/fed and then back in to the other number minus EFC.
Thank you! This is a huge learning curve…
I would think ND would need to answer this question for you. Give them a call on Monday morning. Ask to speak to a financial aid counselor…not the person who answers the phone.
Our state grant fluctuates all the time, but it,s usually by a matter of hundreds. My children have never attended a meets full need school, so the amount of the shortfall was not made up. The only place to get an answr to your question is ND. They probably have deeper coffers than other places and maybe not a majority of in-state students for whom to make up the difference.
Do talk to the fin aid officer at ND. My guess is that they will make up the difference, as most schools that guarantee to met full need do. They often have to ante up when first year scholarships that their students receive do not continue for the other three years. I’ve known kids who got more aid, or aid for the first time as upperclassmen due to changes in need. I would follow up the conversation with an email so you have something in writing.
ND meets full need so I am pretty sure they will make it up. Do you really expect it to change? They won’t make up changes in your EFC-- of course not. But they are very generous to truly low income. I know someone there now who has no parents are they are so generous they are not using any of her assets or loans and they are covering her full cost, less her Pell Grant and she is not in state so no Indiana state grant for her.