My sister received a federal pell grant but I didn't?
My sister received a pell grant AND her EFC shows as higher than mine (hers was 7200 and mine was 6800). I know both seem "high" but our family doesn't contribute a penny to our college. I have gotten a grant every year, but this year my dad has sold some property which added $35,000 to his income making the EFC higher. Normally our EFC is low. Anyway, I want to know what affected my sisters grant differently that caused her to receive a full grant of $5700 and me to receive $0 when we have the same dependency status. We go to different universities, roughly costing the same price but mine is about $1000 more. Can someone help? Why did I not receive at least a small grant?
Im 16, if I get a job will that ruin my sisters and parents finachial aid?
The first $6,000 of a student's wages are not included in the calculation of the EFC, the number that determines eligibility for grant aid. After that, only 50% is included. So, in most cases, a student's wages have little or no effect on financial aid. Even if it does, it would only affect your aid, not your sister's, because you earnings would not be reported on her FAFSA. Students often don't want to take a job for fear of losing some financial aid, but that's a mistake because student's always do better if they work. Think of it this way: -If you don't work, the most you could get in a Pell grant would be $5,645 (assuming your family has very low income and your EFC is 0). -If you work and earn less than $6,000 you would still have the entire grant of $5,645, but you would also have your wages, so your total would be $11,645 -If you work and earn, say $10,000, you would get $2,000 less in a grant ($10,000 - $6,000 = $4,000. $4,000 x 50% = $2000). However, you would still have $3,645 in a grant, and $10,000 in wages for a total of $13,645. At the end of the year, which would you rather have: $5,645, $11,645, or $13,645 ? And the advantages of working don't stop there. If you use your earnings to pay for college, you won't have to borrow as much, and would save all the interest you would have paid on those loans. So, work all you can--if you earn enough to lose all of your grant aid, you will have earned far more than the grant is worth.
Can I benefit from MIT's financial aid if my sister graduated from it and I'm at Emerson? How?
This question is pretty confusing for many reasons.First, “full” financial aid means that everything is paid for. It doesn’t mean that you pay 30k. (and”$30,000 per thousands” doesn’t make any sense as a logical sentence either). Perhaps you mean that you got all that you qualified for under Emerson’s formula for awarding aid.Second, Emerson doesn’t award generous financial aid like MIT does. They don’t have enough money. So you can get federal aid if you qualify (and you don’t if you are paying 30k), you can get state aid if you are instate and qualify, and then you can get aid from the college you attend, if they give it to you.Third, MIT doesn’t give it’s own money for someone to study at a different college. No college does that. Well, excepting employment benefits for professors as described by a different answer by Christopher Fox, but PhD students are students and don’t have that sort of benefit. Ask your sister, she will know. She probably gets a tuition waiver and stipend and it can’t be extended to you, you at another college. She could give you her money if she had any extra, but PhD students usually don’t.It seems like you picked an expensive college you can’t afford. You might try to transfer to an instate before you sink your family in any deeper, if you can’t afford to continue.
Boston University Financial Aid and EFC is 0, but I didn't get enough $ in Loans?
The decision to attend a very expensive college is a huge decision that should be made very early so as to allow the student to save the money to attend. The government will not and does not support the students decision to attend a 54K a year school by supplying this much in need based aid no matter how low your EFC is. (Yes, even with an EFC of 0). As Spalmer has already mentioned, the max a student can get in Stafford loans is as a dependent freshman is 5,500 a year. A YEAR!!! You can attend many schools for well under this and your full Pell grant. Note that an EFC is not what you are expected to pay the school, it is simply a code the school uses to determine what kinds of aid you'll get and how much. No one said that with an EFC you'd get to go for free. I repeat, NO ONE SAID WITH AN EFC OF 0 you'd get to go for free. In order to do that, you'd have to choose one that is less than your federal grant amounts. If you have not saved enough money (24K every year for the next 4 years), then you can not afford this school. There are many many many schools you can attend for well under what you are getting in your federal aid amounts. (Pell, Stafford, Work Study). For some reason, prospective college students think that money is just going to start falling from the sky because they want to attend some name brand school and this is simply not the case. I want to buy a BMW but I can't afford one. A college decision is no different. If your parents are not willing to take out a PLUS loan for you (don't forget they will need to do it for the next 4 years), you are out of luck. Find a few back up schools for less than your federal aid amounts and you will be fine. Remember, you have to take 2 years worth of "General Education" classes before you even get started in the classes for your major. Why pay 54K a year for classes you can get down the road at your community college for less than 3000. With all that grant money you are getting that means you have a few thousand left over to by your books, get a laptop, buy your gasoline... or you could save it and use that when you transfer to Rudters in two years. Maybe then you'll have saved up the 50K or so you'd need to graduate from there. People transfer, it happens all the time. Your offer for admission may even still be good after a year or two at a 3000 a year school.
My parents paid for my sister's education but might not pay for mine in college? Deadline is tomorrow?
So my parents spent LOTS money on my sister and paid much more money for her education and spent a lot less on mine. I think they care for her more than me. She does NOT respect them at all and beats them. My sister went to private school all the way until highschool and she could have applied for financial aid but she did not so my parents paid for it at the jr college and they paid for her rent and tuition at a more expensive college. I'm going to a state college near my home and so my parents don't have to pay for rent or dorms. My parents were saying how they're not going to pay for my education or make excuses when they could pay for it, since it costs much less. I went to public school from middle school and went to a community college and applied for financial aid so they spent MUCH LESS on me and far more on my sister. This is making me feel very stressed out. My deadline to pay tuition is tomorrow or i will be dropped and this is damaging and burning a bridge between me and my parents. i think they don't care for my future job or future. They spent their whole life doing everything and paying all of my sister's fees and i'm already saving them LOTS of money and they're saying how they might not pay for my education. I worked very hard to get into a university. How do i talk to them about this? I have spoken to them about this and how i think its unfair and how they spent more money on my sister than on me, but they make excuses. My sister beats & disrespects them
My sister is choosing between Harvard, Stanford, and Penn State. Where should she go?
It depends on what she wants out of her college experience, both academically and personally. I didn't attend Harvard or Stanford, so I can't say from first hand experience. I know people from both places (including individuals who went to both; i.e., Harvard undergrad and Stanford law). The impression I get is that the Harvard experience is a little more insular. The "Harvard bubble" is a little thicker than the "Stanford bubble." Stanford is better in terms of engineering. And, FWIW, Palo Alto has much better weather than Cambridge.Regardless of what she wants, there are very few scenarios in which going to Penn State makes sense, at least in my opinion. Perhaps the one scenario in which it does make sense is if she got a full ride to Penn State and no financial aid at the other places. The one (and only one?) advantage Penn State has over the other two is that it's in an area with a very low cost of living, which might be especially significant since the other two are in areas with very high costs of living.So, if financial pressures are extreme, then maybe Penn State is it.Otherwise, it's a choice between Harvard and Stanford. Although there are probably more differences than similarities between the institutions, it's hard to say that picking one over the other is really a mistake.
Is it ok if i forged my sister's signature to deposit her check in her own bank account?
As stated above technically no. However, as long as the check went into your sisters account, and she does not complain then the financial aid people are not going to go looking for a forged signature. Perhaps a better way to do this for your sister in the future is to simply endorse it with FOR DEPOSIT ONLY and right under that put your sisters account number. That way you are not forging her signature, but simply depositing it into her account for her.