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College and University Discussion
Reply to "Merit aid.. help me out here"
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[quote=Anonymous]Financial aid, if available, will get your total cost of attendance closer to whatever the calculators tell you your household needs to cover. The actual amount of financial aid awarded will now be reduced because of the merit aid offer, and any other outside scholarship money there is. The only way for college to end up cheaper than what the calculator told you, would be a generous merit aid award. Also, be cautious when others talk about their merit aid. It's common for someone to refer to a free ride, when they are only referring to the tuition at their in-state school. Very nice to have, but room and board are a large percentage of the in-state cost of attendance. Also, taking loans is never part of the cost of attendance calculation, that is cost you will pay [i]after[/i] attendance.[/quote]
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