Fed Financial
College Financial aid?
I recently got accepted into seton hall university. while checking collegeboard i saw that their average aid package is about $16,000.do they include scholarships in that total or just aid given by the college.I was wondering cause i got a $12,000 scholarship per year and was wondering if i can add $16,000 to that for 28,000 in aid or if they will jsut give me about $4000 more.
Public Comments
- The 16,000 is just an "average" financial aid package which would include a wide range of awards (from zero to 37K) and would include scholarships, loans, grants, work study, and other money. All that money is added up and then divided by the total number of students. If your scholarship is 12,000, then you would probably be offered loans, parent loans, and grants and work study if your family's income is low enough. I'm thinking you would prob be offered about 3,500 more in loans and your parents would be offered a lot more depending on how much the school is. Here is a good book about loans scholarships, grants and work study. good luck Edit - I just looked at this school and realize this is a private school, so your tuition is VERY high. A 12k scholarship isn't really very good if you still have to borrow 25K a year to go. That's a100,000 debt, 1000 a month payment after you graduate. You need to realize you can go to a community college for about 3,000 a year. Work for a 3,000 scholarship at a community college.
