UPenn Class of 2017 Forum

goldenboy514 · Post by **goldenboy514** » Wed Mar 05, 2014 11:26 am

oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!

04102014 · Post by **04102014** » Wed Mar 05, 2014 11:27 am

goldenboy514 wrote:oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!

Correct. I also got the email, but I'm too scared to log in.

Leo · Post by **Leo** » Wed Mar 05, 2014 11:28 am

Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?

mandyjay11 · Post by **mandyjay11** » Wed Mar 05, 2014 11:32 am

goldenboy514 wrote:oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!

You do not have to pay that back, correct!

goldenboy514 · Post by **goldenboy514** » Wed Mar 05, 2014 11:36 am

Oh my god I love being poor! So lucky

paglababa · Post by **paglababa** » Wed Mar 05, 2014 11:37 am

Just got my fin aid offer. Not very happy. They gave me a merit offer of only 15k (total, so 5k/yr) for being a deans fellow. They did give me substantial grant due to need based though.

bananagram · Post by **bananagram** » Wed Mar 05, 2014 11:40 am

paglababa wrote:Just got my fin aid offer. Not very happy. They gave me a merit offer of only 15k (total, so 5k/yr) for being a deans fellow. They did give me substantial grant due to need based though.

Soooo I take it merit was included in the package and no mention of merit means I won't be receiving any?

aldiddy · Post by **aldiddy** » Wed Mar 05, 2014 11:42 am

Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?

I would like to know this. Mine just says "you did not qualify for need-based aid." It doesn't even acknowledge that there is such a thing as merit-aid. No mention-- means no merit-aid?

paglababa · Post by **paglababa** » Wed Mar 05, 2014 11:42 am

bananagram wrote:
paglababa wrote:Just got my fin aid offer. Not very happy. They gave me a merit offer of only 15k (total, so 5k/yr) for being a deans fellow. They did give me substantial grant due to need based though.

Soooo I take it merit was included in the package and no mention of merit means I won't be receiving any?

Yes to the first portion of your question. Whether you will be receiving any or not, I'm unsure.

Anyone else have a portion called "Estimated Total Amount Covered By Family" at the end, which is the balance that the school/fed gov hasn't offered any loans for? How are we supposed to pay that? Private loan?

SplitMyPants · Post by **SplitMyPants** » Wed Mar 05, 2014 11:44 am

Have all of you who have received your offers submitted tax forms? Or is this just FAFSA and NeedAccess? I still need to get those yellow tax forms in.

yomisterd · Post by **yomisterd** » Wed Mar 05, 2014 11:49 am

No merit aid... This is a huge downer.

paglababa · Post by **paglababa** » Wed Mar 05, 2014 11:51 am

SplitMyPants wrote:Have all of you who have received your offers submitted tax forms? Or is this just FAFSA and NeedAccess? I still need to get those yellow tax forms in.

No tax forms, just did need access and fafsa.

Also, is this need based amount just an estimate that may change if my or my parents' financial circumstances change next year?

goldenboy514 · Post by **goldenboy514** » Wed Mar 05, 2014 11:53 am

ohpobrecito wrote:
goldenboy514 wrote:oh ma gerd...i just got my financial aid.
Let me get this straight. Need based grant is money I don't have to pay back, right? RIGHT!?!?!
Correct. I also got the email, but I'm too scared to log in.

Are you alive?

leezabee · Post by **leezabee** » Wed Mar 05, 2014 11:54 am

paglababa wrote:
SplitMyPants wrote:Have all of you who have received your offers submitted tax forms? Or is this just FAFSA and NeedAccess? I still need to get those yellow tax forms in.
No tax forms, just did need access and fafsa.

Also, is this need based amount just an estimate that may change if my or my parents' financial circumstances change next year?

I didn't get an offer, but I got an email asking for tax info. It could be because I asked for a non-custodial parent exemption, though. Did anyone else have to provide tax forms?

riverwater · Post by **riverwater** » Wed Mar 05, 2014 11:55 am

Pau.C. · Post by **Pau.C.** » Wed Mar 05, 2014 12:01 pm

dglenn26 · Post by **dglenn26** » Wed Mar 05, 2014 12:03 pm

riverwater wrote:
Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?
I wouldve said we're still eligible, but now that paglababa has said he received 15K in merit aid, I'm thinking the worst.

I just called and they said merit-based decisions will be coming later. Today was need-only. Phew.

yomisterd · Post by **yomisterd** » Wed Mar 05, 2014 12:04 pm

dglenn26 wrote:
riverwater wrote:
Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?
I wouldve said we're still eligible, but now that paglababa has said he received 15K in merit aid, I'm thinking the worst.

I just called and they said merit-based decisions will be coming later. Today was need-only. Phew.

OH GOOD. Maybe the people with merit-aid already are... super special?

riverwater · Post by **riverwater** » Wed Mar 05, 2014 12:06 pm

mandyjay11 · Post by **mandyjay11** » Wed Mar 05, 2014 12:14 pm

darn... if I didnt get an email does that mean I didnt get anything? That's weird.

goldenboy514 · Post by **goldenboy514** » Wed Mar 05, 2014 12:16 pm

mandyjay11 wrote:darn... if I didnt get an email does that mean I didnt get anything? That's weird.

No because you still would get the email and sign in info telling you what loans you were approved for

mandyjay11 · Post by **mandyjay11** » Wed Mar 05, 2014 12:17 pm

goldenboy514 wrote:
mandyjay11 wrote:darn... if I didnt get an email does that mean I didnt get anything? That's weird.
No because you still would get the email and sign in info telling you what loans you were approved for

Ahh ok, thanks!

KatyMarie · Post by **KatyMarie** » Wed Mar 05, 2014 1:36 pm

dglenn26 wrote:
riverwater wrote:
Leo wrote:Just received Penn's financial aid decision via email. No mention of merit-based aid. Does this mean I won't be receiving any, or is this round just for need-based aid?
I wouldve said we're still eligible, but now that paglababa has said he received 15K in merit aid, I'm thinking the worst.

I just called and they said merit-based decisions will be coming later. Today was need-only. Phew.

Thanks for calling and clarifying that!! I was confused too

Nelson · Post by **Nelson** » Wed Mar 05, 2014 1:49 pm

They did this two years ago too. I got the initial "financial aid decision" and there was nothing, then got another email in like 3 days. Glad to see that Penn's financial aid office still sucks and can't get their messaging straight.

jaesonko · Post by **jaesonko** » Wed Mar 05, 2014 2:28 pm

Pretty disappointed with my merit-based offer as well -- Penn is offering less than half of NYU

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