Received a gift before applying to law school

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oceanmd
Posts: 58
Joined: Mon Aug 19, 2013 8:18 pm

Received a gift before applying to law school

Postby oceanmd » Mon Dec 15, 2014 3:12 pm

A family member opened an account as a graduation gift with 5K in it. How will it affect my scholarship situation? Will it affect my merit scholarship in any way? I don't think I will qualify for a need based aid because of my parents’ income, but if I still do, will having 5K in a bank account lower it? Should I just close the account?
I will greatly appreciate advice on it.

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Elston Gunn
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Joined: Mon Jul 18, 2011 4:09 pm

Re: Received a gift before applying to law school

Postby Elston Gunn » Mon Dec 15, 2014 3:26 pm

oceanmd wrote:A family member opened an account as a graduation gift with 5K in it. How will it affect my scholarship situation? Will it affect my merit scholarship in any way? I don't think I will qualify for a need based aid because of my parents’ income, but if I still do, will having 5K in a bank account lower it? Should I just close the account?
I will greatly appreciate advice on it.

Nope, shouldn't affect anything, unless you get into HYS.

oceanmd
Posts: 58
Joined: Mon Aug 19, 2013 8:18 pm

Re: Received a gift before applying to law school

Postby oceanmd » Mon Dec 15, 2014 3:27 pm

Thank you, Elston.
Last edited by oceanmd on Wed Mar 11, 2015 1:47 pm, edited 1 time in total.

BillsFan9907
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Joined: Sat Feb 07, 2009 12:28 am

Re: Received a gift before applying to law school

Postby BillsFan9907 » Sun Dec 28, 2014 11:03 pm

Why are HYS more uptight about gifts?

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Elston Gunn
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Re: Received a gift before applying to law school

Postby Elston Gunn » Sun Dec 28, 2014 11:12 pm

Seoulless wrote:Why are HYS more uptight about gifts?

Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.

ilikebaseball
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Re: Received a gift before applying to law school

Postby ilikebaseball » Mon Dec 29, 2014 12:04 am

Elston Gunn wrote:
Seoulless wrote:Why are HYS more uptight about gifts?

Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.

couldn't you sorta not tell them?

BillsFan9907
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Joined: Sat Feb 07, 2009 12:28 am

Re: Received a gift before applying to law school

Postby BillsFan9907 » Sat Jan 10, 2015 11:49 pm

Elston Gunn wrote:
Seoulless wrote:Why are HYS more uptight about gifts?

Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.


Explain

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Elston Gunn
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Joined: Mon Jul 18, 2011 4:09 pm

Re: Received a gift before applying to law school

Postby Elston Gunn » Sat Jan 10, 2015 11:51 pm

BillsFan9907 wrote:
Elston Gunn wrote:
Seoulless wrote:Why are HYS more uptight about gifts?

Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.


Explain

I was being a dick. They're not more uptight, they are just the only schools that give predominantly need based aid. Other schools are mostly just going to give you money based on "merit," so how much money you have doesn't matter.




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