Hey guys, my dream school is Emory University but I'm a little worried about the cost. Anyone have any insider info on their financial aid packages? Ideally some tips on how to maximize the amount I receive would be amazing. Thanks in advance!
Emory University has a strong commitment to ensuring that its students can afford education there, despite the high sticker price. In fact, Emory meets 100% of demonstrated financial need for domestic students, which is a big advantage for students with significant financial need. Here some things you can keep in mind:
1. Submit your financial aid forms early - Emory's priority deadline for submitting the FAFSA and CSS Profile is generally in early November for Early Decision I applicants and early January for Early Decision II and Regular Decision applicants.
2. Make sure you're thorough and accurate on your FAFSA and CSS Profile. These forms determine your eligibility for federal and institutional aid respectively, so the more accurate they are, the better chance you have at receiving the most aid. An overlooked factor is the student aid index (SAI). It replaced the EFC, and knowing what it is can help you better understand your financial aid award.
3. If you're admitted and find the aid package lacking, you can appeal your financial aid award. But be prepared to provide compelling reasons why the initial award wasn't adequate, such as a recent change in family financial circumstances.
4. If your family's financial situation changes during the academic year you can also revisit your financial aid award. Let's say, for example, a parent loses their job, your family's financial aid need will have changed and the college may adjust your package.
5. Consider work-study options. Emory participates in the Federal Work-Study Program, which provides jobs on and off campus for students demonstrating financial need. Earnings from these positions won't affect your financial aid eligibility in the following year.
6. Remember that there are also outside scholarships that you can apply to. These can help fill any gaps that your financial aid package might not cover. However, keep in mind that outside scholarships might slightly decrease your need-based financial aid award from Emory.
Lastly, Emory's net price calculator (https://studentaid.emory.edu/undergraduate/apply/before/calculate/index.html) is a helpful tool in getting a rough estimate of what your expected family contribution might be. I would definitely recommend using that as a first step in your planning process.
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