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College and University Discussion
Reply to "How common is it to lose merit aid?"
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[quote=Anonymous][quote=Anonymous]I am just curious for all of those that lost their merit aid. With the kids knowing it ahead of time, did you have an agreement in place? Do the child take the loan? Does he leave the school and have to pay for community college. I just don't see where the lesson is if the parents still pay the bill and let them continue on[/quote] My kid hasn’t lost his merit aid, but I will answer anyway. There can be many lessons. The first is read the fine print. I know that if my kid lost his merit aid because he was mucking around, he’d be at GMU next year. If he lost it despite his best effort to achieve something hard to achieve (not every kid is willing to take a ton of hard science classes), we would probably find the money but there would be some loans for sure. Not every lesson has to be “I won’t pay for you”. I have a PhD in a technical field. Despite the eventual success, the beginning was rough. I had to repeat my first year despite trying my best. What I learned from my parents is that they are on my side. [/quote]
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