High Income and Need Based Aid

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
GoingForGold
Posts: 64
Joined: Tue Aug 14, 2012 3:23 pm

High Income and Need Based Aid

Postby GoingForGold » Sun Feb 24, 2013 6:54 pm

So, NU for instance, says that any money granted is combination of need and merit. I am still looking up the rest of my schools.

I am going to be showing an income of 150k+. Am I automatically going to be disregarded?

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Tiago Splitter
Posts: 15479
Joined: Tue Jun 28, 2011 1:20 am

Re: High Income and Need Based Aid

Postby Tiago Splitter » Sun Feb 24, 2013 7:03 pm

GoingForGold wrote:So, NU for instance, says that any money granted is combination of need and merit. I am still looking up the rest of my schools.

I am going to be showing an income of 150k+. Am I automatically going to be disregarded?

No. The "need/merit" combo awards seem to be based mostly on numbers.

Mal Reynolds
Posts: 12630
Joined: Mon Oct 03, 2011 12:16 am

Re: High Income and Need Based Aid

Postby Mal Reynolds » Sun Feb 24, 2013 7:04 pm

You're not getting need based aid. But then again almost no one does. Why the hell would you care anyway? Looking for a handout or something? Spend the money you've saved.

GoingForGold
Posts: 64
Joined: Tue Aug 14, 2012 3:23 pm

Re: High Income and Need Based Aid

Postby GoingForGold » Tue Feb 26, 2013 7:17 am

Mal Reynolds wrote:You're not getting need based aid. But then again almost no one does. Why the hell would you care anyway? Looking for a handout or something? Spend the money you've saved.


Uhh...no. I am about as hardcore libertarian capitalist as you can get.

Reread my question. I prefaced, all aid is a combination of merit/need. I read that to mean, for any given dollar, some percentage of it is awarded based upon need and the rest is based upon merit. So, again, my question was would I automatically be disqualified from any given dollar due to a perceived lack of need. Put another way, the question could be, how much does 'need' contribute to that percentage versus 'merit'?

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Davidbentley
Posts: 418
Joined: Thu Nov 24, 2011 5:49 am

Re: High Income and Need Based Aid

Postby Davidbentley » Tue Feb 26, 2013 7:35 am

Tiago Splitter wrote:The "need/merit" combo awards seem to be based mostly on numbers.

+1. Numbers rule. They are trying to bribe you to attend.




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