My SAR states that my expected family contribution should be $22,000. The university I am going to only costs about $16,500 with room, board and tuition (It's a state school). What do I do now? Does that mean that I will not receive any money in aid?
2007-03-13 17:01:32 · 2 answers · asked by j0oh106 1 in Education & Reference ➔ Financial Aid
You have to wait for your award letter to come back to know for sure how this is going to affect you.
I would suggest that you start looking into private loans.
You can call local banks and ask about student loans.
You can also look into Sallie Mae.
http://www.salliemae.com
You can also still qualify for scholarships. Your school should have their own scholarships. You can also use prevelant scholarship sites.
http://www.fastweb.com
http://www.finaid.com/scholarships
http://www.scholarships.com
To get more specific info. contact the college you are planning to attend, they should have a 1-800# if you don't live close, and ask to speak to a financial aid counselor. They will be able to provide you all the info. you need.
Good Luck!
2007-03-13 17:24:49 · answer #1 · answered by RedPower Woman 6 · 0⤊ 0⤋
You will not receive any grant money from the government, although the school can still give you scholarship money. The family contribution is totaled using a formula that is extremely flawed and based upon endless politics. College is continuing to become unaffordable for the middle class without borrowing loads of money.
2007-03-13 17:12:33 · answer #2 · answered by It's Me 5 · 0⤊ 0⤋