I applied to Harvard, Duke, UVA, Georgetown, and University of Michigan. I was accepted everywhere except UVA (waitlisted), and currently I'm stuck between Harvard (my dream school) and Michigan, and would appreciate some advice.
I'm having major stress right now about financial aid. I just received my preliminary award from Harvard today, and they aren't going to offer me anything because they only do need-based aid, and my parents' resources are too great (even though they're not going to pay!).
This has put me in quite a debacle. Harvard is BY FAR my first choice. I'm from NH and want to stay in New England (and cheer for all my Boston sports teams), and I have my heart set on Harvard's dual degree program with Cambridge in the UK, which I really can't get anywhere else. The only temptation is that the University of Michigan has offered me a Dean's Award of 40,000 a year in grants, renewable for each year. That makes it an enormous financial difference between the two schools.
I was hoping to use the award from Michigan as leverage to at least get something from Harvard, because I know it's in the their best interest statistics-wise if I accept admission, but I saw in my email from Financial Services that they said they will not consider merit offers from other institutions, only need-based ones that show a radically different need calculation and their own. The Michigan award was awarded right after I was admitted, and due to its size, bars me from applying for any additional need-based aid there.
I'm unsure if Financial Services tends to stay pretty true to its word on not budging from their preliminary offer based on other school's merit awards, or if that's just lip service in an attempt to deter whiny people like me. I'm just so bummed about the big difference between 40K from Michigan and absolutely nothing from my dream school. I know that Harvard does offer low income loan repayment assistance post-graduation, but still the prospect of so, so many loans is a bit daunting.
Heeeeeeeeeeeeeelp!
