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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][quote=Anonymous]Did the kid get a full ride somewhere else, and what's the loan situation? I think that is a very good offer, but $92,000 can mean a lot of different things-is this a family of 3 or a family of 6, do they have medical expenses/debt or unstable employment or some other factor that makes $7K a year a hardship? I think families do need to be really careful, but it's always better if parents can be really clear about how much they can spend before the offer letters come in.[/quote] No, the child is considering taking a gap year and re-applying to local schools to try to get a full ride. I believe their situation is adequate (no huge family size, debt, etc)- they were just expecting that the child would earn a full ride somewhere with their stats and didn't expect to pay anything.[/quote] That is completely ridiculous.[/quote]
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