A family member opened an account as a graduation gift with 5K in it. How will it affect my scholarship situation? Will it affect my merit scholarship in any way? I don't think I will qualify for a need based aid because of my parents’ income, but if I still do, will having 5K in a bank account lower it? Should I just close the account?
I will greatly appreciate advice on it.
Received a gift before applying to law school Forum
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oceanmd
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Elston Gunn
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Re: Received a gift before applying to law school
Nope, shouldn't affect anything, unless you get into HYS.oceanmd wrote:A family member opened an account as a graduation gift with 5K in it. How will it affect my scholarship situation? Will it affect my merit scholarship in any way? I don't think I will qualify for a need based aid because of my parents’ income, but if I still do, will having 5K in a bank account lower it? Should I just close the account?
I will greatly appreciate advice on it.
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oceanmd
- Posts: 60
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Re: Received a gift before applying to law school
Thank you, Elston.
Last edited by oceanmd on Wed Mar 11, 2015 1:47 pm, edited 1 time in total.
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BillsFan9907
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Re: Received a gift before applying to law school
Why are HYS more uptight about gifts?
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Elston Gunn
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Re: Received a gift before applying to law school
Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.Seoulless wrote:Why are HYS more uptight about gifts?
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ilikebaseball
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Re: Received a gift before applying to law school
couldn't you sorta not tell them?Elston Gunn wrote:Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.Seoulless wrote:Why are HYS more uptight about gifts?
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BillsFan9907
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Re: Received a gift before applying to law school
ExplainElston Gunn wrote:Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.Seoulless wrote:Why are HYS more uptight about gifts?
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Elston Gunn
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Re: Received a gift before applying to law school
I was being a dick. They're not more uptight, they are just the only schools that give predominantly need based aid. Other schools are mostly just going to give you money based on "merit," so how much money you have doesn't matter.BillsFan9907 wrote:ExplainElston Gunn wrote:Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.Seoulless wrote:Why are HYS more uptight about gifts?
