<p>My finaid appeared tonight.</p>
<p>35k university grant</p>
<p>so, they aren’t as greedy as it seems. Only paying 2k more than I would at a UC.</p>
<p>@Serapher I completely agree with you. That theory has way too many assumptions.</p>
<p>@unknownpleasures</p>
<p>Did you get anything else? Or is the rest in loans? Also, how much is your EFC?</p>
<p>7k efc , got a small amount in federal grants , and my loans are just a bit higher than efc.</p>
<p>@ unknownpleasures</p>
<p>So from what I understand, everyone is responsible for paying off the EFC themselves right? Can’t get it lowered and can’t get anything from the school to cover it?</p>
<p>To my knowledge, you can never expect to pay less than your EFC from any school. If it’s a school that uses the CSS Profile you can potentially pay more.</p>
<p>@unkownpleasures damn that sounds awesome, congrats! I’m turning in the financial aid document they requested after submitting in the enrollment fee tomorrow, hopefully I’ll get a similar financial package.</p>
<p>My EFC says it’s 1901 on FAFSA, does that mean I should be getting as much as you are, or…? Sorry, I’m a bit new to interpreting EFC, thanks in advance!</p>
<p>I feel like I’m getting the shaft. The current school I go to, small public Illinois school in Chicago, my FAFSA EFC is a zero. Even without veterans benefits I wouldn’t have to pay for a dime. That’s the case with a good percentage of people at my school. The school actually cuts them a check cause their pell grant and illinois map grant are more than the tution and they pocket the stuff for books and other expenses.</p>
<p>That’s because they don’t use the CSS Profile which encompasses a larger set of criteria.</p>
<p>xdzzzrawr, it depends on whether your parents’ assets are comparable to his parents. If either of you is independent then it would be the student’s assets, of course.</p>
<p>@Serapher hmmm, neither my parents nor I own any assets. The only assets my parents own is our house, so yea don’t know how big of a role that’ll play in the process of their decisions. Do you have any projections?</p>
<p>@ xd</p>
<p>I don’t know much about financial aid, but I do know X percent of home equity is taken into consideration when using the institutional method to calculate EFC.</p>
<p><a href=“http://talk.collegeconfidential.com/university-southern-california/839970-faq-usc-financial-aid-2010-a-6.html[/url]”>http://talk.collegeconfidential.com/university-southern-california/839970-faq-usc-financial-aid-2010-a-6.html</a> estimates FAFSA EFC plus 5.6% of assets (stuff in bank) and 5.6% of home equity (part of your house you own). I think that they limit it so that it ends up being less than that but I don’t know what method exactly.</p>
<p>Alright, thank you both for your help! I’ll look into the thread tomorrow.</p>
<p>Got my financial aid package today…$3000 in subsidized loans. Unfortunately, I will probably be turning down admission to Marshall, just can’t afford it. :(</p>
<p>@skyline12: You’re foregoing Marshall over a margin of $3,000? Am I missing something, or is that the sole reason?</p>
<p>@skyline<em>is</em>mine: I’m assuming they mean the only aid they got is $3000 in unsubsidized loans.</p>
<p>So I feel as if today is judgement day. My girlfriend was forwarded on a thursday, acted on on a saturday, and received her package later that day. That means they reviewed hers either on that thursday or friday. Hopefully I will receive good news :/. </p>
<p>I just do not understand why I did not get the spring grades received status before getting forwarded. USC works in strange ways.</p>
<p>@rhandler33 - There are probably less sgrs for econ so there is a shorter line for it to be reviewed. There are probably a ton of Marshall sgrs which is why me and happydk got the other status.</p>
<p>@Kulakai Yeah, you are probably right. Anyways, I hope this weekend will be a VERY GOOD weekend in regards to items received in the mail…I am also expecting my ‘Boston Sucks’ t-shirt haha</p>
<p>What if my EFC is super low, but my mom owns her house, business, buildings, etc?</p>