+1Comma.Split wrote:Need-based finaid e-mail just now.
Disappointed in it, my other need-based offers have been significantly (20K+) greater.
+1Comma.Split wrote:Need-based finaid e-mail just now.
Excellent, thank you!Comma.Split wrote:False. Those are separate. Sometimes the scholarship committee would take into account your need-based aid, but as a general rule the two are independent.mwonka wrote:Need-based aid award came via email. I imagine no merit aid with it means no merit aid at all? Still can't log in to MyFinAid. :/
Ahh, yes it did. Can't read words.arose928 wrote:Also the email said that financial aid would be viewable on MyFinAid starting tomorrow.
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When I met with the financial aid advisor, they said ~24k (a little less than that)leslieknope wrote:Just go the need aid email too. Anyone know what the max amount Berkeley gives out in need based aid is?
Then I got that much. Damnit. It was like 23.somethingsheishkabob wrote:When I met with the financial aid advisor, they said ~24k (a little less than that)leslieknope wrote:Just go the need aid email too. Anyone know what the max amount Berkeley gives out in need based aid is?
Me too!!! Literally criedOskosh wrote:Then I got that much. Damnit. It was like 23.somethingsheishkabob wrote:When I met with the financial aid advisor, they said ~24k (a little less than that)leslieknope wrote:Just go the need aid email too. Anyone know what the max amount Berkeley gives out in need based aid is?
They adjust your grant based on the COA, which changes with the CA budget. Since the COA rarely goes down, unless you win a lottery your need-based aid should be going up over time. Except your 2L summer earnings of course.NOLAboy wrote:I would also be curious to know how much the need-based grant typically trends throughout the 3 years, assuming your parents' situation and your own assets don't change much.
For me, I've been working for the last five years so I assume that my personal financial situation has no where to go but downward over the next three years...
Comma.Split wrote: They adjust your grant based on the COA, which changes with the CA budget. Since the COA rarely goes down, unless you win a lottery your need-based aid should be going up over time. Except your 2L summer earnings of course.
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+1NOLAboy wrote:I would also be curious to know how much the need-based grant typically trends throughout the 3 years, assuming your parents' situation and your own assets don't change much.
For me, I've been working for the last five years so I assume that my personal financial situation has no where to go but downward over the next three years...
Also this is different than what I was told by my advisor? He said that the need-based department and scholarship department are completely separate, and that need-based aid won't affect any merit offers because each department isn't aware of the other's offer. Not sure how accurate this is as it sounds too good to be trueComma.Split wrote:Based on what I heard at ASW, need-based is separate from everything else. However, if let's say you got 100k from a peer school in scholarships and applied for the matching scholarship program. Also suppose you got 50k from Berkeley in need-based. The Matching people may give you 50k in scholarships to "match" the total package as opposed to a 100k scholly. That's what the director of matching program said at the ASW. I don't know how often they do it, but she certainly mentioned that when there is not enough money to go around, she would take into account your need-based package.slurpy wrote:Me too. Anyone know whether this has any relationship to matching scholarships, or is it a totally separate process? My instinct says the latter but just wanted to check.Comma.Split wrote:Need-based finaid e-mail just now.
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In principle, that is true. However, I clearly remember the scholarship person saying something like "when I don't have enough money to match offers from competing schools, I will stop by the grants office [need-based aid] and see if we can work something out together to give the person a chance to attend Berkeley." Interpret it as you want.sheishkabob wrote:Also this is different than what I was told by my advisor? He said that the need-based department and scholarship department are completely separate, and that need-based aid won't affect any merit offers because each department isn't aware of the other's offer. Not sure how accurate this is as it sounds too good to be trueComma.Split wrote:Based on what I heard at ASW, need-based is separate from everything else. However, if let's say you got 100k from a peer school in scholarships and applied for the matching scholarship program. Also suppose you got 50k from Berkeley in need-based. The Matching people may give you 50k in scholarships to "match" the total package as opposed to a 100k scholly. That's what the director of matching program said at the ASW. I don't know how often they do it, but she certainly mentioned that when there is not enough money to go around, she would take into account your need-based package.slurpy wrote:Me too. Anyone know whether this has any relationship to matching scholarships, or is it a totally separate process? My instinct says the latter but just wanted to check.Comma.Split wrote:Need-based finaid e-mail just now.
GotchyaComma.Split wrote:In principle, that is true. However, I clearly remember the scholarship person saying something like "when I don't have enough money to match offers from competing schools, I will stop by the grants office [need-based aid] and see if we can work something out together to give the person a chance to attend Berkeley." Interpret it as you want.sheishkabob wrote:Also this is different than what I was told by my advisor? He said that the need-based department and scholarship department are completely separate, and that need-based aid won't affect any merit offers because each department isn't aware of the other's offer. Not sure how accurate this is as it sounds too good to be trueComma.Split wrote:Based on what I heard at ASW, need-based is separate from everything else. However, if let's say you got 100k from a peer school in scholarships and applied for the matching scholarship program. Also suppose you got 50k from Berkeley in need-based. The Matching people may give you 50k in scholarships to "match" the total package as opposed to a 100k scholly. That's what the director of matching program said at the ASW. I don't know how often they do it, but she certainly mentioned that when there is not enough money to go around, she would take into account your need-based package.Comma.Split wrote:Need-based finaid e-mail just now.
Sorry, I didn't make it clear. It is not just your EFC. They also take into account assets, such as your parents house value and other things (so they use the info from FAFSA, not just your EFC). In other words, EFC=0 doesn't mean Student + parent contribution = $0 for Berkeley purposes.leslieknope wrote:I... don't get how Berkeley got from my EFC=0 on the FAFSA to my grant, then.
According to the website, they also factor in a "base loan amount" which is a loan that everyone is expected to take out.Comma.Split wrote:Sorry, I didn't make it clear. It is not just your EFC. They also take into account assets, such as your parents house value and other things (so they use the info from FAFSA, not just your EFC). In other words, EFC=0 doesn't mean Student + parent contribution = $0 for Berkeley purposes.leslieknope wrote:I... don't get how Berkeley got from my EFC=0 on the FAFSA to my grant, then.
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