How reliable is need aid?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.

What happened with your need aid?

It went up over the years
0
No votes
It remained the same
1
33%
It went down over the years
1
33%
It didn't get renewed one of the years
1
33%
 
Total votes: 3

RubyRod
Posts: 373
Joined: Mon Mar 16, 2015 5:11 pm

How reliable is need aid?

Postby RubyRod » Fri Apr 03, 2015 5:46 pm

Tried asking this in the ask a law student/graduate forum but it's not getting many bites. Wondering how reliable getting the same need aid over all three years is. What was your experience? More aid, less aid, same aid, why?

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sesto elemento
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Re: How reliable is need aid?

Postby sesto elemento » Fri Apr 03, 2015 6:21 pm

If you get a paying job during your time in law schools, you'll lose some of it.

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RCSOB657
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Re: How reliable is need aid?

Postby RCSOB657 » Fri Apr 03, 2015 7:13 pm

Are you talking about non-loans? I'm not getting shit for 'need' based aid besides loans, even with absolute need.

RubyRod
Posts: 373
Joined: Mon Mar 16, 2015 5:11 pm

Re: How reliable is need aid?

Postby RubyRod » Fri Apr 03, 2015 7:29 pm

RCSOB657 wrote:Are you talking about non-loans? I'm not getting shit for 'need' based aid besides loans, even with absolute need.

Non loans, straight up need aid money that does not need to be repaid at any point

RubyRod
Posts: 373
Joined: Mon Mar 16, 2015 5:11 pm

Re: How reliable is need aid?

Postby RubyRod » Fri Apr 03, 2015 7:29 pm

sesto elemento wrote:If you get a paying job during your time in law schools, you'll lose some of it.

Do you have a general idea of how much of it?
Last edited by RubyRod on Fri Apr 17, 2015 1:45 pm, edited 1 time in total.

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RCSOB657
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Re: How reliable is need aid?

Postby RCSOB657 » Fri Apr 03, 2015 7:30 pm

I'm not getting any. Not sure how many law schools do it. My EFC for this year was 0, so the need was there.

RubyRod
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Joined: Mon Mar 16, 2015 5:11 pm

Re: How reliable is need aid?

Postby RubyRod » Fri Apr 03, 2015 7:34 pm

RCSOB657 wrote:I'm not getting any. Not sure how many law schools do it. My EFC for this year was 0, so the need was there.


How did you know you were at 0?

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RCSOB657
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Re: How reliable is need aid?

Postby RCSOB657 » Fri Apr 03, 2015 7:37 pm

I did my taxes and FAFSA back in January. The EFC is printed right on the FAFSA. Please note so there is no confusion, I got the standard need Pell Grant in undergrad and would have gotten that again this year except I am finally graduating. I am OL entering law school this fall at a school that has not offered me any need aid whatsoever, but probably because I have merit aid. The need is there, I will be forced to take out loans for COL. It was hinted in my school's website that need aid could be used in some cases but that's school based as you know. Fed Gov't doesn't give need aid for grad schools.

RubyRod
Posts: 373
Joined: Mon Mar 16, 2015 5:11 pm

Re: How reliable is need aid?

Postby RubyRod » Fri Apr 03, 2015 7:44 pm

RCSOB657 wrote:I did my taxes and FAFSA back in January. The EFC is printed right on the FAFSA. Please note so there is no confusion, I got the standard need Pell Grant in undergrad and would have gotten that again this year except I am finally graduating. I am OL entering law school this fall at a school that has not offered me any need aid whatsoever, but probably because I have merit aid. The need is there, I will be forced to take out loans for COL. It was hinted in my school's website that need aid could be used in some cases but that's school based as you know. Fed Gov't doesn't give need aid for grad schools.


Ok I'm talking about a need access school. Was thinking maybe you found out what need access EFC you had.

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RCSOB657
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Re: How reliable is need aid?

Postby RCSOB657 » Fri Apr 03, 2015 7:45 pm

NM, I looked it up. Sorry I couldn't help.
Last edited by RCSOB657 on Fri Apr 03, 2015 7:48 pm, edited 1 time in total.

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sesto elemento
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Re: How reliable is need aid?

Postby sesto elemento » Fri Apr 03, 2015 7:46 pm

mec896 wrote:
sesto elemento wrote:If you get a paying job during your time in law schools, you'll lose some of it.

Do you have a general idea of how much of it? I have over 11k right now.


It varies by school, for example, at my school once you subtract 7k you're expected to contribute 60% of your summer earnings.

So if you get a SA that pays 30k-7k= 23k x .6= 13,800 is what you're expected to pay the following year. So having need based aid of 11k minus 13.8k you're expected to contribute from your summer earnings means you'd end up loosing all of your need based aid.

2on1
Posts: 8
Joined: Fri Jan 23, 2015 8:14 pm

Re: How reliable is need aid?

Postby 2on1 » Fri Apr 03, 2015 8:00 pm

.
Last edited by 2on1 on Wed Apr 08, 2015 4:25 pm, edited 1 time in total.

RubyRod
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Re: How reliable is need aid?

Postby RubyRod » Sun Apr 05, 2015 2:13 am

.




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