If my FAFSA financial figures identify an expected family contribution = $20K (lets not get into cynical FAFSA calculation discussion please) and my son or daughter is accepted and elects to attend ABC University with a annual tuition, Room & Board, books and fees = $50K. In the simplest of scenarios, the $30K difference would be a made up with a combination of grants, loans and other financial assistance programs. In this case the student is receiving what amounts to be financial need assistance that equates to 60% of the annual college expenses.
Same child above is also a gifted athlete, works hard and is fortunate enough to have earned and been presented with a 50% Athletic scholarship over 4 years at ABC University.
Can anyone explain how this athletic scholarship is applied to the above equation? Does the 50% scholarship get applied and reduce all but 10% of the financial assistance piece and the family’s expected contribution remains at $20K?
Does anyone have direct experience or familiar enough with the process to shed some light on the very likely scenario
Same child above is also a gifted athlete, works hard and is fortunate enough to have earned and been presented with a 50% Athletic scholarship over 4 years at ABC University.
Can anyone explain how this athletic scholarship is applied to the above equation? Does the 50% scholarship get applied and reduce all but 10% of the financial assistance piece and the family’s expected contribution remains at $20K?
Does anyone have direct experience or familiar enough with the process to shed some light on the very likely scenario
Comment