Questions about STRIDE

[CrewDad]

<p>Anther way to look at it.</p>

<p>

Need based FA = total COA - EFC. All merit scholarships go directly to the reduction of need based FA first. </p>

<p>Only after the merit scholarship is greater than your need based FA, you will see a reduction in your part of the cost.</p>

<p>I.E. COA is $60,000, and your EFC is $25,000. At a school that meets 100% of your need, you will be expected to get 60,000 - $25,000 = $35,000 need based Aid. If you receive $34,999 merit scholarship from the school or any where else, your contribution is still $25,000. Only the need based aid goes from $35,000 to $1.

</p>

<p><a href=“http://talk.collegeconfidential.com/parents-forum/1306459-i-dont-understand-merit-aid-financial-aid-formula.html[/url]”>http://talk.collegeconfidential.com/parents-forum/1306459-i-dont-understand-merit-aid-financial-aid-formula.html&lt;/a&gt;&lt;/p&gt;