Mythbuster: i did son’t get a scholarship, so USC is not gonna be economically feasible

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

Jessica: Students usually confuse the difference between merit aid and need based aid. Could you make clear the huge difference?

Danny: Merit based aid is money 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 tend to be perhaps not awarded by the Financial Aid Office. Need based help is directed at students based solely on their family’s demonstrated monetary need. Facets such as for example good grades or test ratings don’t play into awarding students need based aid.

J: exactly what are the various types of Financial help?

D: There are some various types of need based aid- Loans, Grants, and Work-Study. Loans are levels of money that may need certainly to be paid back to the government that is federal. A grant is definitely an award that does not need to be paid back. Work-Study is just a form of financial aid that enables students to put up jobs that are part-time order to make cash to simply help fund their education.

J: How does the Financial help office determine how aid that is much student will receive?

D: The Financial Aid office will need students to submit two separate monetary aid applications. The first application is the FAFSA form, which can be found 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 data on the student’s and parents’ income, assets, and opportunities so the school funding workplace can plainly see the financial situation of the student’s family. Once these forms are assessed the student will likely then receive a figure that specifies their family members’s determined anticipated Family Contribution (EFC), or the total amount their family is anticipated to contribute toward their educational costs for that particular year that is academic. Once 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. Here at USC so long as the pupil applies on time, we are going to fill this USC determined monetary need 100% with need based help.

J: When does a learning student typically receive their school funding Overview?

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

Raise your hand if you hate waiting…

April 1st, while right around the corner, probably feels as though a million miles away for all waiting to listen to from colleges. We obtain it…the waiting game is the worst! Check out ideas of tips on how to pass the time while we wrap up the procedure on our end.

  1. Cross one thing off your school bucket that is high list

Will there be something you’ve always wanted to do but just https://shmoop.pro/ haven’t gotten around to actually doing in high school? Now’s your chance. Get to a volleyball or basketball game. Audition for the springtime musical. Try that restaurant friends and family were speaing frankly about. Enjoy in the battle regarding the bands. You’re a senior and leader on campus. If you make a fool of yourself, people will only think you’re more pleasurable. Therefore escape there and explore what’s going on at your college before you head down to college.

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

Nothing states procrastination like college sports. March Madness, especially, is amongst the most useful how to occupy your time. You will find basketball games nearly daily, so when you’re not watching, you can obsess over your bracket and those of your rivals. Get excited children, this is one of my favorite sporting events of the year!

  1. Always check our Harry Potter at Universal Studios if you are in Los Angeles

If you’re indigenous to Los Angeles, or are actually within the neighborhood, get check out Hogworts and the Wizarding World that is magical of Potter at Universal Studios. I physically can not 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 am really fortunate, I might encounter a Basilisk and learn my patronus against a dementor.

  1. Plan a St. Patricks day party

Nothing says fun quite like green party and jello hats. Get enjoy a shamrock shake and beef that is corned with mustard. Get in the spirit having a fun outfit that is green avoid the pinches of the buddies. We can all enjoy being Irish for the afternoon! J

  1. Do some spring cleaning down with the old in with the brand new

You’re concerning the head down to college and will be packing up most of your belongings to create with you. There’s no time like the present to begin going right through your cabinet to clean things down. Create a few extra bucks by listing your nice stuff on Tradesy, and supply the rest of Goodwill. Your moms and dads will thank you when you move out to take everything with you!