JoeMo wrote:MumofCad wrote:Actually this is not the case at some schools at least. I don't know about UVA or Michigan because I don't have friends there and haven't visited, but I met a couple students at H (which doesn't offer merit awards) that negotiated or just received more in need-based aid throughout the summer. One said she negotiated it, but didn't specify how (not sure if it was with another offer or just through, "hey, I need this to be able to afford to live"). The other said she had another offer and was originally told she would get no more after attempting to negotiate, but then received a random letter in the mail 3 weeks before school letting her know some additional funds had been freed up for her (I believe she was already committed to going at the time, so...not sure the negotiation would have played a role). Anyhow...some evidence that even need-based aid can be flexible. But again, I only have that one school and perhaps someone knows better at UVA or a current UVA student can chime in...
Ha! that's really interesting. Now I'll have to look into it because everyone I've talked to has pretty much said unless you're dirt poor (and I don't mean that in a derogatory way) you won't get any aid. But this is reassuring. Also, Harvard might not be the best indicator. I only say this because I know the UG is extremely liberal with their need based funds so I'm assuming the LS is also more liberal than most LS. This is just conjecture on my part though and I have no real evidence to the LS being more lenient than others.
(Gosh, I really hate having to qualify every statement so as to not get jumped on)
I think most people I've talked to have said H is more generous than most with their need-based, so that could be true.
I will say though that apparently for us cane-walkers, that they take into consideration things like child-care costs when determining need-based aid. So I think even if you aren't dirt poor, but have responsibilities, that can equal good need-based aid. If you're over 29, you also don't need to factor your parent's income in at all (and only a portion each year you are younger).
So I figure that when you lose half your income, have significant child-care costs, etc. that you are likely to qualify for some aid at most schools, depending on the COL in those places. I'm not sure how they factor that stuff in though. I mean right now we live in a very high COL area so obviously my husband is making alot more money than he would if we moved to AA or C-ville. I would guess they will base on what he made this year, which would be unfortunate, but I know they re-evaluate so it might just be a hit the first year?
Anyhow, put your kids in a really expensive daycare this month! You've got time