How Likely Is Renewing Need Aid? Forum

[RubyRod]

Wondering what the general experience is with need aid? Did your stay constant over three years, go up or go down? Any reason why?

[yot11]

Can't speak to how constant need aid will be. I CAN tell you that your need aid will almost certainly be reduced by any salary you might make over the summer. A biglaw summer associate position will wipe 20-25k from your need aid for the following year.

[RubyRod]

Can't speak to how constant need aid will be. I CAN tell you that your need aid will almost certainly be reduced by any salary you might make over the summer. A biglaw summer associate position will wipe 20-25k from your need aid for the following year.

Thanks for the info, super helpful. Compiling a bunch of info for a financial aid/admissions meeting. I was worried I'd never get a response itt.

[LawsRUs]

Mec, this is not necessarily on point, but it might be of your interest: http://www.top-law-schools.com/forums/v ... 1&t=153768. I ran into it when I was doing my own research today.

[2014]

Can't speak to how constant need aid will be. I CAN tell you that your need aid will almost certainly be reduced by any salary you might make over the summer. A biglaw summer associate position will wipe 20-25k from your need aid for the following year.

It's between 2 and 3L though, his/her 3L need application would be based on their tax return from spring 1L/fall 2L so they should be fine.

[yot11]

Can't speak to how constant need aid will be. I CAN tell you that your need aid will almost certainly be reduced by any salary you might make over the summer. A biglaw summer associate position will wipe 20-25k from your need aid for the following year.

It's between 2 and 3L though, his/her 3L need application would be based on their tax return from spring 1L/fall 2L so they should be fine.

If you think law schools will forget about your 2L SA and let you off scot-free, you're wrong. From Harvard's website:

Although government regulations specify that student eligibility for federal funds be based on the previous tax year information, we base eligibility for institutional funds on a more accurate “projected year” analysis based on your income in the current year. To determine eligibility for sets of funds, we perform two different file reviews on each student: one that conforms with federal guidelines which we use to determine eligibility for federal loans, and another which allows us to use a broader analysis and incorporate our own institutional policies to determine eligibility for our institutional grant and loan assistance.

The Law School’s projected-year analysis uses the twelve-month period running from the summer immediately proceeding the academic year for which the student is seeking assistance through the end of the 9-month academic year. In this way we can base the calculation of your student contribution from income on only your summer income.

I highly doubt any other school would be different.

[2014]

Although government regulations specify that student eligibility for federal funds be based on the previous tax year information, we base eligibility for institutional funds on a more accurate “projected year” analysis based on your income in the current year. To determine eligibility for sets of funds, we perform two different file reviews on each student: one that conforms with federal guidelines which we use to determine eligibility for federal loans, and another which allows us to use a broader analysis and incorporate our own institutional policies to determine eligibility for our institutional grant and loan assistance.

The Law School’s projected-year analysis uses the twelve-month period running from the summer immediately proceeding the academic year for which the student is seeking assistance through the end of the 9-month academic year. In this way we can base the calculation of your student contribution from income on only your summer income.

I highly doubt any other school would be different.

I qualified for a Perkins Loan as a 3L despite doing fine for myself last summer. Respect to H for that hustle though.

[yot11]

Although government regulations specify that student eligibility for federal funds be based on the previous tax year information, we base eligibility for institutional funds on a more accurate “projected year” analysis based on your income in the current year. To determine eligibility for sets of funds, we perform two different file reviews on each student: one that conforms with federal guidelines which we use to determine eligibility for federal loans, and another which allows us to use a broader analysis and incorporate our own institutional policies to determine eligibility for our institutional grant and loan assistance.

The Law School’s projected-year analysis uses the twelve-month period running from the summer immediately proceeding the academic year for which the student is seeking assistance through the end of the 9-month academic year. In this way we can base the calculation of your student contribution from income on only your summer income.

I highly doubt any other school would be different.

I qualified for a Perkins Loan as a 3L despite doing fine for myself last summer. Respect to H for that hustle though.

A loan is not a grant. Which is what the OP is asking about.