Merit and need based aid

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
gmreplay
Posts: 171
Joined: Wed May 13, 2009 6:47 pm

Merit and need based aid

Postby gmreplay » Mon Feb 28, 2011 9:58 pm

Michigan has offered me 45k in merit based aid. Is need based aid assessed at a later time, and if so when should I expect to hear about it? Should I try to use my Columbia admission (don't know about aid there yet) to leverage more $ from Michigan? They say merit aid is set in stone once it assessed, but need based aid can be discussed.

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aspire2more
Posts: 196
Joined: Tue Jan 25, 2011 12:23 am

Re: Merit and need based aid

Postby aspire2more » Tue Mar 01, 2011 12:32 am

Need based aid depends on the FAFSA and sometimes Need Access. If you got merit money, most schools seem to expect you to do loans for the rest.

gmreplay
Posts: 171
Joined: Wed May 13, 2009 6:47 pm

Re: Merit and need based aid

Postby gmreplay » Tue Mar 01, 2011 12:36 am

But when do the results for need aid come through? After merit aid presumably.

esch8
Posts: 25
Joined: Sat Feb 19, 2011 1:39 am

Re: Merit and need based aid

Postby esch8 » Wed Mar 02, 2011 12:38 pm

how much more would it cost there? 45k a year sounds like a full ride

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typ3
Posts: 1362
Joined: Sun Feb 28, 2010 12:04 am

Re: Merit and need based aid

Postby typ3 » Wed Mar 02, 2011 8:33 pm

esch8 wrote:how much more would it cost there? 45k a year sounds like a full ride


reading comprehension fail.

45k = 15k per year.

gmreplay
Posts: 171
Joined: Wed May 13, 2009 6:47 pm

Re: Merit and need based aid

Postby gmreplay » Wed Mar 02, 2011 9:49 pm

So what the hell IS need based aid then? From what I'm reading basically no one gets it.




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