<p>So I have a friend who was accepted to UChicago and he must have received something that said his estimated financial aid would be 37600. Now, I was skeptical of this and was wondering (for all of you who probably got estimates also), does this include possible parent or student loans or is it just money that is awarded to you with nothing needing to be paid back? Thanks!</p>
<p>If I remember correctly, the term ‘financial aid’ includes all grants and loans. However, your friend should have knowledge of the specific breakdown of aid.</p>
<p>It may well be that that estimate includes only grant money. As a low-income student, I was fortunate enough to receive even greater grants my first year.</p>
<p>Estimated means it isn’t official. They’re waiting on the 2010 tax forms to determine your true financial situation but with the money he got (I got about the same amount too), it probably won’t decrease but either stay the same or increase.</p>
<p>It’s tentative on grounds if they feel compelled they should add more or keep FA the same.</p>
<p>yes I know, he just told me that it says it was for grants. So it does not include loans and such which answers my question. Thank you though.</p>
<p>Does the financial aid generally stay the same for all 4 years if your income etc. does not change significantly?</p>