Parents income is about $60,000, how much financial aid can i expect from the following colleges?

Question

Lehigh University- $37,550

New York University- $35,290

University of Connecticut- $24,050

Rutgers University- $10,686

(not counting room/board, and I plan to dorm)

and I live in NJ, with GPA over 4.0

Answer 1

You can get a 100% Scholarship at Stanford for either housing or tution I forget if your parents make less than $60,000 and 75% if they make less than $100,000

I hope this helped even though Stanford isn't on your list.

Answer 2

It is also based on their assets and expenses. However, that's not a h**l of a whole lot of money these day's. Talk to someone at the college for advice. That's what I did and within 10 minutes they were like your screwed.

How can you have a GPA OVER 4.0. That's as high as it gets or am I wrong? Can you please explain this to me I am really interested? That's what it was when I was younger, cause I got straight A's in college with 2 B's and was like 3.98

Answer 3

Expect NYU to give you about half or even less in grants and the other half in loans. They don't have much financial aid resources because they invested in facilities.

Rutgers won't give you any grants, only loans, most probably.  I don't know what their status is about need-based vs. merit-based scholarships.

Answer 4

Your EFC plays a big role with the amount of financial aide you can recieve.(expected family contribution)

Answer 5

You can get up to the cost of attendance at any of these schools minus your fafsa EFC.

Just remember "Financial aid" is not just grants, but loans as well.  Like I said, any of these schools will offer you loans, especially PARENT plus loans to cough up the cash to pay for most of these ludicrously expensive schools.

Do you really want your parents to be 37,500 X 4 = 150K in debt when you graduate?

Make sure you compare your loan amounts from every school you are considering.  The best school is not the one that gives you the biggest scholarship, but the one you can attend with the least amount of loans.

Answer 6

$7,000+ a year

Answer 7

Less than you'd think. I'd say look at what each school offers for academic scholarships. Needbased aid is always tricky. Word of advice, you will have to pay back a lot of money upon graduation. Make make sure you keep that in mind. You're gonna have to take out more than one loan, a federal loan for a freshman is 3,500 a year that means New York University $35,290 if you got 7,000 like a poster said, that would be 24,790 in private loans you need to pull out per year. You or your parents also have to have decent credit for private loans as far as i know.