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I've seen private schools promoting such aid, but for most there is no clarity on A) whether your student will qualify and B) what the amount will be over the 4
by ilamont 7y ago
I've seen private schools promoting such aid, but for most there is no clarity on A) whether your student will qualify and B) what the amount will be over the 4-year period.
I've heard from friends with students already in college that there are often ad hoc negotiations between parents and financial aid offices about the size of the discount, which is frustrating, unfair, and open to abuse.
- closeparen 7y agoFinancial aid offices typically offer a lightweight calculator you can run when shopping, and a more intense application you can run in parallel with your application for admission. You get a formal aid offer with your acceptance before you have to commit.
- lonelappde 7y agoFormal 1 yr offer, not 4 yr offer, so be careful. It's a bit of a trick, that part.