Page 1 of 1

Received a gift before applying to law school

Posted: Mon Dec 15, 2014 3:12 pm
by oceanmd
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.

Re: Received a gift before applying to law school

Posted: Mon Dec 15, 2014 3:26 pm
by Elston Gunn
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.
Nope, shouldn't affect anything, unless you get into HYS.

Re: Received a gift before applying to law school

Posted: Mon Dec 15, 2014 3:27 pm
by oceanmd
Thank you, Elston.

Re: Received a gift before applying to law school

Posted: Sun Dec 28, 2014 11:03 pm
by BillsFan9907
Why are HYS more uptight about gifts?

Re: Received a gift before applying to law school

Posted: Sun Dec 28, 2014 11:12 pm
by Elston Gunn
Seoulless wrote:Why are HYS more uptight about gifts?
Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.

Re: Received a gift before applying to law school

Posted: Mon Dec 29, 2014 12:04 am
by ilikebaseball
Elston Gunn wrote:
Seoulless wrote:Why are HYS more uptight about gifts?
Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.
couldn't you sorta not tell them?

Re: Received a gift before applying to law school

Posted: Sat Jan 10, 2015 11:49 pm
by BillsFan9907
Elston Gunn wrote:
Seoulless wrote:Why are HYS more uptight about gifts?
Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.
Explain

Re: Received a gift before applying to law school

Posted: Sat Jan 10, 2015 11:51 pm
by Elston Gunn
BillsFan9907 wrote:
Elston Gunn wrote:
Seoulless wrote:Why are HYS more uptight about gifts?
Going to HYS is like being a postal employee. If they find out you received a cash gift, you're done.
Explain
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.