High Income and Need Based Aid Forum

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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GoingForGold

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High Income and Need Based Aid

Post by GoingForGold » Sun Feb 24, 2013 6:54 pm

So, NU for instance, says that any money granted is combination of need and merit. I am still looking up the rest of my schools.

I am going to be showing an income of 150k+. Am I automatically going to be disregarded?

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Tiago Splitter

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Re: High Income and Need Based Aid

Post by Tiago Splitter » Sun Feb 24, 2013 7:03 pm

GoingForGold wrote:So, NU for instance, says that any money granted is combination of need and merit. I am still looking up the rest of my schools.

I am going to be showing an income of 150k+. Am I automatically going to be disregarded?
No. The "need/merit" combo awards seem to be based mostly on numbers.

Mal Reynolds

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Re: High Income and Need Based Aid

Post by Mal Reynolds » Sun Feb 24, 2013 7:04 pm

You're not getting need based aid. But then again almost no one does. Why the hell would you care anyway? Looking for a handout or something? Spend the money you've saved.

GoingForGold

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Re: High Income and Need Based Aid

Post by GoingForGold » Tue Feb 26, 2013 7:17 am

Mal Reynolds wrote:You're not getting need based aid. But then again almost no one does. Why the hell would you care anyway? Looking for a handout or something? Spend the money you've saved.
Uhh...no. I am about as hardcore libertarian capitalist as you can get.

Reread my question. I prefaced, all aid is a combination of merit/need. I read that to mean, for any given dollar, some percentage of it is awarded based upon need and the rest is based upon merit. So, again, my question was would I automatically be disqualified from any given dollar due to a perceived lack of need. Put another way, the question could be, how much does 'need' contribute to that percentage versus 'merit'?

Davidbentley

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Re: High Income and Need Based Aid

Post by Davidbentley » Tue Feb 26, 2013 7:35 am

Tiago Splitter wrote: The "need/merit" combo awards seem to be based mostly on numbers.
+1. Numbers rule. They are trying to bribe you to attend.

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