Very Very Low income, and Why is Financial Aid offered

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
MrMoon
Posts: 7
Joined: Fri Mar 04, 2011 12:21 pm

Very Very Low income, and Why is Financial Aid offered

Postby MrMoon » Fri Mar 04, 2011 12:36 pm

1) I took off work for the past year (long story) and lived off saving, which leaves me no income and no savings.

Will this make a difference when applying for financial aid considering the numbers are so low, even though they are not indicative of more middle-class-ish lifestyle.

2) Why do schools offer financial aid discounts anyway (even better schools like HYS)? Why dont they adopt the position that this is an invest for the student, that they can pay back with the money earned after law school?
Last edited by MrMoon on Sat Mar 05, 2011 9:06 pm, edited 1 time in total.

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bk1
Posts: 18425
Joined: Sun Mar 14, 2010 7:06 pm

Re: Very Very Low income, and Why is Financial Aid offered

Postby bk1 » Fri Mar 04, 2011 6:06 pm

1. Having no savings and low income will help you get more aid.

2. I dunno, maybe because they are trying to break down barriers to higher education that low income people face.




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