kguilf99 wrote:Can we keep talking about this need-based grant business? On Bearfacts I don't see anything about a need-based grant, so I called the financial aid office to ask if it could still be forthcoming, but she was pretty confident that the decision has already been made that I don't qualify for need-based aid. Which doesn't make any sense to me because I'm not coming from a wealthy background at all. I've been out of undergrad and working full time for 2 years, but I owe more money in UG loans than I have in savings. The financial aid woman said I don't qualify as an independent because I haven't been financially independent from my parents for five years. So my parents' income and assests are figured into the need assessment as well, but my parents' don't have money either! My mom makes 50K a year and my dad makes around 30K in VA disability and social security.
Does it sound right that I wouldn't qualify for a need-based grant? Are other people that have been denied need-based grants in similar finanical situations?
There's a difference between not qualifying for the grant and not qualifying for need based aid. Everybody qualifies for need-based aid. It's literally how much money you need to attend the school. It's possible they feel you're wealthy enough that fulfilling your aid entirely through loans is a viable option.
Saying you have less in savings than in loans isn't a very helpful indicator of economic straits. If you owe 90,000 but have 80,000 in savings, you're kind of balling believe it or not. There are lots of people out there with say 50,000 in UG loans and 276 dollars in savings. I believe that I was considered as an independent based on my passionate assertion that I don't live at home and my parents really truly aren't going to help me pay for college and couldn't if they wanted to. ::edit:: Do you still live at home? That tends to be an independent status deal breaker.
It can't hurt to ask them to revisit your app but nothing you've said makes it clear that you definitely should have received the grant.