What is my financial aid looking like?

[Opulence]

<p>I am a college-bound high school senior and my family makes $87K a year for a household of four. I have $20k in my college savings account. My sister is currently attending college. I want to know if I will qualify for financial aid. Should I even bother applying to the Dell Scholars Program considering it is oriented around providing financial aid to students who demonstrate a level of financial aid.</p>

[MommaJ]

<p>From the Q&A section of the Dell Scholars Program website:

How do I know if I have demonstrated need for financial assistance?
All applicants must have financial need. Financial need will be confirmed through eligibility for a Federal Pell Grant.

When you fill out your FAFSA, you’ll see whether you qualify for a Pell Grant. You can get an idea now by using the FAFSA4caster: <a href=“https://fafsa.ed.gov/FAFSA/app/f4cForm?execution=e1s2&locale=en_US[/url]”>https://fafsa.ed.gov/FAFSA/app/f4cForm?execution=e1s2&locale=en_US&lt;/a&gt; If you don’t qualify, Dell is off the table. As for other financial aid, the best way you can get an estimate is to use the Net Price Calculator on the website of each college you are considering applying to. Sorry, but there’s no easy shortcut for predicting financial aid.</p>

[sybbie719]

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I am a college-bound high school senior and my family makes $87K a year for a household of four.

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<p>If you need to be Pell eligible in order to be a Dell Scholar, then unfortunately, you will not meet the eligibility requirement your parents income exceeds the threshold to make you Pell eligible.</p>

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How do I know if I’m eligible for a Federal Pell Grant?
This eligibility is determined by the financial aid office at your school from the FAFSA information you provide and takes into account such factors as your EFC (Expected Family Contribution), enrollment status, and attendance cost for your designated school. If you are currently eligible for the free or reduced cost lunch program – e.g., National School Lunch Program (NSLP), you should apply for the Dell Scholars Program scholarship.

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