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Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:26 am
by goldenboy514
oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:27 am
by 04102014
goldenboy514 wrote:oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!


Correct. I also got the email, but I'm too scared to log in. :shock:

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:28 am
by Leo
Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:32 am
by mandyjay11
goldenboy514 wrote:oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!



You do not have to pay that back, correct!

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:36 am
by goldenboy514
Oh my god I love being poor! So lucky

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:37 am
by paglababa
Just got my fin aid offer. Not very happy. They gave me a merit offer of only 15k (total, so 5k/yr) for being a deans fellow. They did give me substantial grant due to need based though.

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:40 am
by bananagram
paglababa wrote:Just got my fin aid offer. Not very happy. They gave me a merit offer of only 15k (total, so 5k/yr) for being a deans fellow. They did give me substantial grant due to need based though.



Soooo I take it merit was included in the package and no mention of merit means I won't be receiving any?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:42 am
by aldiddy
Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?


I would like to know this. Mine just says "you did not qualify for need-based aid." It doesn't even acknowledge that there is such a thing as merit-aid. No mention-- means no merit-aid?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:42 am
by paglababa
bananagram wrote:
paglababa wrote:Just got my fin aid offer. Not very happy. They gave me a merit offer of only 15k (total, so 5k/yr) for being a deans fellow. They did give me substantial grant due to need based though.



Soooo I take it merit was included in the package and no mention of merit means I won't be receiving any?


Yes to the first portion of your question. Whether you will be receiving any or not, I'm unsure.

Anyone else have a portion called "Estimated Total Amount Covered By Family" at the end, which is the balance that the school/fed gov hasn't offered any loans for? How are we supposed to pay that? Private loan?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:44 am
by SplitMyPants
Have all of you who have received your offers submitted tax forms? Or is this just FAFSA and NeedAccess? I still need to get those yellow tax forms in.

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:49 am
by yomisterd
No merit aid... This is a huge downer.

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:51 am
by paglababa
SplitMyPants wrote:Have all of you who have received your offers submitted tax forms? Or is this just FAFSA and NeedAccess? I still need to get those yellow tax forms in.


No tax forms, just did need access and fafsa.

Also, is this need based amount just an estimate that may change if my or my parents' financial circumstances change next year?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:53 am
by goldenboy514
ohpobrecito wrote:
goldenboy514 wrote:oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!


Correct. I also got the email, but I'm too scared to log in. :shock:


Are you alive?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:54 am
by leezabee
paglababa wrote:
SplitMyPants wrote:Have all of you who have received your offers submitted tax forms? Or is this just FAFSA and NeedAccess? I still need to get those yellow tax forms in.


No tax forms, just did need access and fafsa.

Also, is this need based amount just an estimate that may change if my or my parents' financial circumstances change next year?


I didn't get an offer, but I got an email asking for tax info. It could be because I asked for a non-custodial parent exemption, though. Did anyone else have to provide tax forms?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 11:55 am
by riverwater
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Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 12:01 pm
by Pau.C.
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Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 12:03 pm
by dglenn26
riverwater wrote:
Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?


I wouldve said we're still eligible, but now that paglababa has said he received 15K in merit aid, I'm thinking the worst.



I just called and they said merit-based decisions will be coming later. Today was need-only. Phew.

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 12:04 pm
by yomisterd
dglenn26 wrote:
riverwater wrote:
Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?


I wouldve said we're still eligible, but now that paglababa has said he received 15K in merit aid, I'm thinking the worst.



I just called and they said merit-based decisions will be coming later. Today was need-only. Phew.


OH GOOD. Maybe the people with merit-aid already are... super special?

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 12:06 pm
by riverwater
.

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 12:14 pm
by mandyjay11
darn... if I didnt get an email does that mean I didnt get anything? That's weird.

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 12:16 pm
by goldenboy514
mandyjay11 wrote:darn... if I didnt get an email does that mean I didnt get anything? That's weird.


No because you still would get the email and sign in info telling you what loans you were approved for

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 12:17 pm
by mandyjay11
goldenboy514 wrote:
mandyjay11 wrote:darn... if I didnt get an email does that mean I didnt get anything? That's weird.


No because you still would get the email and sign in info telling you what loans you were approved for



Ahh ok, thanks!

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 1:36 pm
by KatyMarie
dglenn26 wrote:
riverwater wrote:
Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?


I wouldve said we're still eligible, but now that paglababa has said he received 15K in merit aid, I'm thinking the worst.



I just called and they said merit-based decisions will be coming later. Today was need-only. Phew.


Thanks for calling and clarifying that!! I was confused too :)

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 1:49 pm
by Nelson
They did this two years ago too. I got the initial "financial aid decision" and there was nothing, then got another email in like 3 days. Glad to see that Penn's financial aid office still sucks and can't get their messaging straight.

Re: UPenn Class of 2017

Posted: Wed Mar 05, 2014 2:28 pm
by jaesonko
Pretty disappointed with my merit-based offer as well -- Penn is offering less than half of NYU :shock: