- Joined
- Jul 1, 2008
- Messages
- 434
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Hi guys, let me try to structure this in a sane format:
1. It sounds like financial aid is based mostly on financial need instead of merit. Is this true?
2. If that is true, do I benefit financially from applying as an Independent instead of Dependent of my parents? In other words, if I'm applying as Independent, will financial aid be based on how much money I have instead of my family's situation?
The reason I'm pondering #2 is because it might impact my state residency issue. If I apply as a Dependent (I was a dependent on my parents' taxes this year), my state residency would be with them. If I apply as Independent, I'd be from CA. But if I do apply as a dependent, do I put myself in a bad situation for financial aid? My parents aren't super rich or anything but obviously they have more than I do...
Thanks and hope that wasn't too confusing
1. It sounds like financial aid is based mostly on financial need instead of merit. Is this true?
2. If that is true, do I benefit financially from applying as an Independent instead of Dependent of my parents? In other words, if I'm applying as Independent, will financial aid be based on how much money I have instead of my family's situation?
The reason I'm pondering #2 is because it might impact my state residency issue. If I apply as a Dependent (I was a dependent on my parents' taxes this year), my state residency would be with them. If I apply as Independent, I'd be from CA. But if I do apply as a dependent, do I put myself in a bad situation for financial aid? My parents aren't super rich or anything but obviously they have more than I do...
Thanks and hope that wasn't too confusing