Mythbuster: I didn’t get a scholarship, so USC is not likely to be financially feasible

Mythbuster: I didn’t get a scholarship, so USC is not likely to be financially feasible

Over 30,000 students applied to USC for our merit based scholarship consideration. The procedure is extremely competitive, and only 1,200 students will be considered for the scholarships. Students often think that they can not afford USC without a scholarship, but that could maybe not be true! I sat down with Danny Finlay, Assistant Director of Outreach for educational funding, to set the record straight and get more information on how USC can be affordable.

Jessica: pupils usually confuse the difference between merit aid and need based aid. Might you simplify the huge difference?

Danny: Merit based aid is cash awarded to a student based for a compelling admission application that demonstrates significant achievements. Scholarships are the type that is only of based aid, and shmoop.pro are also perhaps not awarded by the Financial Aid Office. Require based aid is fond of students based entirely on their family’s demonstrated financial need. Factors such as for instance good grades or test ratings don’t play into awarding students need based help.

J: What are the various kinds of Financial help?

D: There are some various types of need based aid- Loans, Grants, and Work-Study. Loans are quantities of money that will need certainly to be compensated back to the government that is federal. A grant can be an award that does not need to be paid back. Work-Study is a type of educational funding that permits students to put up jobs that are part-time order to earn money to help finance their education.

J: How does the Financial help office determine how much aid a pupil will receive?

D: The Financial Aid office will need students to submit two separate financial aid applications. The first application is the FAFSA form, which can be obtained at FAFSA.ed.gov. The application that is second students must submit could be the College Scholarship Service Profile type (CSS Profile) at collegeboard.com. These forms will collect information in the student’s and parents’ earnings, assets, and investments so that the financial aid office can demonstrably see the financial situation of the student’s household. Once these forms are examined the student will then receive a figure that specifies their family members’s determined Expected Family Contribution (EFC), or the quantity their loved ones is anticipated to contribute toward their educational charges for that particular year that is academic. After we have a student’s determined economic need we can then fund them with need based aid (Grants, Loans, and Work-Study) to protect this need. Only at USC so long as the student applies on time, we are going to fill this USC determined need that is financial% with need based aid.

J: When does student typically get their educational funding Overview?

D: As long as a student applies by the school funding deadline, they should receive a financial aid award summary within 1 or 2 weeks after receiving an admission choice.

Raise your hand if you hate waiting…

April 1st, while right across the corner, probably feels like a million miles away for anyone waiting to hear from colleges. We have it game that is…the waiting the worst! Here are a few ideas of ways to pass the time while we summary the procedure on our end.

  1. Cross one thing off your high school bucket list

Can there be something you’ve always wanted to do but just haven’t gotten around to actually doing in high school? Now’s your chance. Get to a baseball or volleyball game. Audition for the springtime musical. Try that restaurant your friends are discussing. Enjoy in the battle of this bands. You are a senior and frontrunner on campus. If you create a fool of yourself, people is only going to think you are more fun. Therefore move out there and explore what’s going on at your college before you head off to university.

  1. Join a March Madness pool or create one with friends and family

Nothing says procrastination like college sports. March Madness, especially, is one of the most useful approaches to occupy your time. There are basketball games nearly daily, and when you are not viewing, you can obsess over your bracket and those of your rivals. Get excited kids, this is one of my favorite sporting events of this year!

  1. Check always our Harry Potter at Universal Studios if you should be in Los Angeles

If you are native to Los Angeles, or happen to be into the neighborhood, go always check out Hogworts and the magical Wizarding World of Harry Potter at Universal Studios. I myself can’t wait to visit Ollivander’s to find my wand, drink a butterbeer at the Three Broomsticks, and hang with Harry, Hermione, and Ron at Hogwarts. And if I’m really lucky, I may encounter a Basilisk and discover my patronus against a dementor.

  1. Plan a St. Patricks day party

Nothing says fun quite like green jello and party hats. Go enjoy a shamrock shake and corned beef sandwich with mustard. Get in the spirit with a fun green outfit to avoid the pinches of the friends. We can all enjoy being Irish for the day! J

  1. Do a little springtime cleansing out with the old in with this new

You’re concerning the head off to college and will be packing up likely most of your belongings to bring with you. There is no time like the present to start out going through your cabinet to clean things out. Create a few extra bucks by detailing your stuff that is nice on, and give the rest of Goodwill. Your parents will thank you when you re-locate to take everything with you!

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