thanks VisionaryTics! That is very helpful. Well...do you think that most private schools will give more grant aid or scholarships?
In comparison to UIC, I would think so. However, I don't have any data points to compare to UIC.
You've got four months before you have to settle on a school, so you'll have plenty of time to compare financial aid packages if you have multiple acceptances.
Also, re-reading your previous post, it looks like you're confused on the financial aid process in regard to loans. You apply for financial aid through FAFSA, and you get awarded up to the cost of tuition (school tuition + living expenses + fees) in federal loans, adjusted for your ability to pay. If you declare no parental assistance/outside income, you can take out up to the full cost of tuition. Here's my award letter:
Cost of Attendance
Component Amount
Tuition - In State* $33,000.00
Mandatory Fees* $3,700.00
Disability Insurance $58.00
Books and Supplies $1,726.00
Housing and Food Expenses $14,464.00
Transportation $1,656.00
Personal Expenses $2,484.00
Total: $57,088.00
Need Calculation
Component Amount
Cost of Attendance $57,088.00
Estimated Family Contribution $.00
Initial Need $57,088.00
Outside Resource $.00
Need $57,088.00
The federal loans that are awarded are not competitive financial aid. Any grad student in the country can file for these loans if they demonstrate need.
And, yes, you can take out only how much you need. Like I said, my parents are covering living expenses, so I took out ~$35k of loans this year out of the $57k offered.
In regards to your last question, I think the best indicator of whether a school gives out grants/scholarships is its financial condition. Rich, well-endowed schools have more money to sling around to attract students. UIC is a state school in a broke state. You do the math.