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Reply to "25% Rule"

LetItGo posted:

Okay, I was mistaken...they offered 20k, not 20%. So, help me out here...the school's total cost of attendance is 75K (ouch). You take 20k off of that = 55k. I do the Net Price Calculator and let's say it says I have to pay 25K. I then apply for financial aid and hope for the best? Is that how this works? 

Better than that. If NPC says you will likely owe 25K, and his baseball scholarship is 20K, you will owe 5K for the year. That's assuming that the coach was specifically referring to a 20K athletic scholarship, and not some other type of aid. If your son is serious about this school, you should run the NPC then schedule time to talk details with the coach and with Financial Aid. The NPC is just an estimate.

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