BBMomAZ posted:MidAtlanticDad posted: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.
I'm not sure this is how it works at all schools. My son was informed by one school he was talking to that need-based financial aid (loan free) and an athletic scholarship could not be combined. So I would clarify with the school.
Yes thanks, I neglected the equivalency part of this. Big miss on my part.
LetItGo, this is why you really need to get details from the school. The main issue is that the need-based aid will likely count against the baseball team's 11.7 limit. So if the school is fully funded for baseball, they can't "stack" the two scholarships for your son without going over the limit. However, if they don't fully fund baseball, they might have room for the need-based aid. You're really going to have to get them to bottom-line it for you before you'll know the out-of-pocket dollar amount.