mbv wrote:FYI, UCI will not be giving need based grants with their financial aid package. This info was provided by Nasreen (Dir of financial aid) who gave my group the tour of the law school during ASD.
She also said they are not neogtiating merit aid offers to students. Does anyone have any experiences on the contrary? I recall reading someone "poshh.. (username)" saying he/she was international and got a full scholarship. Anyone else?
Anecdotal evidence from ASD confirms they aren't negotiating. This seems like a dangerous long-term strategy though. Who would take 50% at UCI (as much as I love it) if you had even 25% to a T14 (especially out of staters whose tuition I've read is expected to rise above 60k by 2013)? I think they're banking on a certain type of student really disregarding finances for the unique UCI opportunity.
I don't think 'banking' and 'UCI' necessarily go together in the same sentence. They aren't trying to buy or invest in students in any such regard, but are instead picking students and trying to make it affordable.
The tuition discount isn't a discount per se - the cost of the roughly $61,500 per student is directly underwritten by private grant funding. That's half a million ($500,000) dollars right there, which works out to be about 50% tuition per student. The first class was worth $700,000. That's quite a bit of money to hand out.
Dangerous strategy? I'm not privy to their finances, but offering unsustainable grants seems to be dangerous as well.
Grad school is expensive, period. There will be hardship involved for many of us, no doubt, but if you truly think it will be to an undue degree, I suggest picking up the phone and calling Dean Ortiz. As far as negotiation goes, they will probably congratulate you on your scholarship to other schools and wish you the best of luck in making a decision.