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College and University Discussion
Reply to "Is this a generous financial aid award?"
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[quote=Anonymous][quote=Anonymous]Family income: 92000 Financial Aid Award: 59600 Grant Aid, 2800 On Campus Employment, 7100 Parental Contribution. This adds up to the sum of room, board, tuition, and personal expenses (school is full need met). I'm advising a student whose parents are not willing to pay this parental contribution because they believed the student could have gotten a full ride elsewhere. The school for reference is top-ranked private college (acceptance rate <10%) that has no merit aid.[/quote] Completely full ride scholarships including room, board and books are far and few between. There are some schools out there that have such scholarships- Washington University in St. Louis is one that springs to mind. They should have made their preferences known to their child at the beginning of the school search process. The $7100 is doable with summer jobs and small loans without parental help. It is very generous.[/quote]
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