- Sep 14, 2003
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Received my estimated scholarship amount from my college today for the 05-06 year, $4,100. For a school with tuition under $16k that's pretty good, I'd say. However, I was also expecting to receive about $3,000 from PHEAA, as well, based on this chart. However, I called up the college today, and they told me they based my scholarship amount on the fact that PHEAA will give me NOTHING. They expect PHEAA will give me nothing because my dad owns a business. WTF does that have to do with what we can contribute? The fact he owns a business doesn't change our EFC. It doesn't change our income figures. It's not like you can take equity out on it like you can with a home.
If my school is right about that assumption, that's very upsetting, a big source of money that I thought was almost guaranteed. And, if PHEAA does unexpectedly give me something at all, that then consequently lowers what the school will give me as a scholarship.
Sigh... The school only costs $16k/year but it looks like I'll still be graduating with $30k in debt.
If my school is right about that assumption, that's very upsetting, a big source of money that I thought was almost guaranteed. And, if PHEAA does unexpectedly give me something at all, that then consequently lowers what the school will give me as a scholarship.
Sigh... The school only costs $16k/year but it looks like I'll still be graduating with $30k in debt.