What are the chances that I get financial aid if my parents make $600k

@hamlon I live in a suburb next to Dallas and I havent seen huge houses around SMU btw

All very fascinating.

lol

Cox is a excellent business school. Don’t discount it’s value, particularly if you receive a nice merit scholarship that makes it affordable. Have you visited ANY of these schools and asked specific questions, or are you making these decisions based on rankings alone?

What on earth do big houses in the vicinity have to do with a school’s endowment?

@snorkelmom I visited Villanova, BC, BU, NYU, and Northeastern

P.S. There are plenty of people willing to pay full fare at many of these schools on your list so no incentive for any of them to offer you money. There is no “magic” money at any of these schools. As many have stated already, SMU is known to offer great merit aid to attract top students. You need to visit these schools and see if they are a good fit for you and not rely on a ranking.

@romanigypsyeyes same

Also, visited SMU forgot to mention

@snorkelmom

This student is a senior. He applied to these schools already he is waiting for admission decisions…and possible merit aid.

The issue is…some of these schools really give very very little merit,aid…and it is highly competitive.

At this point…he will justmuave to,wait and see.

Once his acceptances are received…and net costs known…he and his family can make a decision better.

Wondering why he did not SMU…as he lives sort of in the vicinity.

And I think Emory likes to,see expressed interest…no visit there either.

And no visit to IU.

Perhaps once acceptances are in, visits to,the top three contenders might be good.

well I went to emory for a debate tournament twice but I never had an official tour of the place

Good question.
OP- you should have had the “money talk” a long time ago with your parents. You need to have a clear understanding of what they will pay for, what their budget is, and what they are willing to spend. Some parents are willing to spend more for school X than school Y. You can get unsub loans only. There will be no need based money because your family does not have need. Some of your schools required the Profile, which is where they could have explained any financial issues with businesses, etc. But income is the biggest factor, and theirs is waaay high. Thats why several here doubted the veracity of the thread.

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@mom2collegekids I haven’t asked but all they said was that i will need to get a job while I study
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You need to ask them!

Getting job just means that you’ll earn/save $2k-4K each year to put thru college. That’s enough to pay for your books and personal expenses. Your parents would have to pay $30k-70k per year depending on the school.

$48k to $72 k…he is OOS for IU.

@thumper1 Yes, I realize that. And I’m familiar with the merit aid situation at these schools. I just went through this process with my son and many of these schools were on his list because of their rankings. Not a solid strategy when putting a list together, particularly if you are looking for merit aid. I was just trying to help him understand that there was no “magic money”. And I agree, he should have had this convo with his parents before he applied!

“I live in a suburb called Southlake next to Dallas and I havent seen huge houses around SMU btw”. LOL.

Please be careful how much info you post. It’s probably pretty easy for me to narrow down who you are from what you have shared.

The houses near SMU aren’t going to be McMansions. They are old money type of Texas houses. The homes are older, but have been updated no doubt and worth WAY more than the new money type McMansions in Southlake. It is a common “new money” mistake to think “big = rich.” That is not the way the money rolls in Highland Park.

Plenty of mansions, however, in the Park Cities. Just not necessarily on the main drags. That said, all Dallas $ is new money by east coast standards. :wink:

BC Villanova and Wake all had scholarship deadlines- did you make them? Also, NE already send out a lot of scholarship notifications, so while it’s still possible, it’s unlikely you’ll get money from them.

I know it’s late to be saying this but it’ll probably help you gage what the financial situation will look like when you get acceptances.

You need to know whether our parents will be be willing to be full pay at these colleges.
If not, start thinking of gap year plans. CityYear applications /first round are due soon, for instance.