“We’re Not Going to Get Any Financial Aid”

Financial aid from a university (you know the kind every family wants) is separated into two forms:  need based aid and merit aid.   Need based aid is the one that families–typically professional, middle/upper class families, comfortable, yet not abundant in extra cash–worry about being qualified to receive.

The definition of a family’s “need” starts with submitting the FAFSA, or Free Application for Federal Student Aid.  Once the Federal Government determines a family’s “Expected Family Contribution” or EFC, then the university’s financial aid office takes over the process–where calculations can be a bit more opaque, depending on the university.   [Translation: ASK QUESTIONS.]

Now, for merit aid, which in most cases has nothing to do with a family’s “need”, the New York Times has complied a table of average merit aid for a variety of universities.   Each student will need to further investigate the opportunities to see if s/he qualifies for merit aid at potential universities.  (See?  Your history teacher was right about your research skills coming in handy again.)

See previous posts under “Financial Aid” and “Prudent Planning”


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About Jill Yoshikawa, Ed M, Partner of Creative Marbles Consultancy

Jill Yoshikawa, EdM, Harvard ’99, a seasoned, 25 year educator and consultant, is meticulous in helping clients navigate all aspects of the educational experience, no matter the level of complexity. She combines educational theory with experience to advise families, schools and educators. A UCSD and Harvard graduate, as well as a former high school teacher, Jill works tirelessly to help her clients succeed.
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