Saturday, May 16, 2020

Can i still receive Financial Aid?

Gus Leiby: I'm guessing you're a troll. On the outside chance this question is legit-UCLA will check all your records including your financial records. There is no chance you'll get any financial aid.

Matt Gerdeman: It looks like you probably won't be eligible for need-based financial aid. However, Merit based financial aid is still an option. So either 1) Pay up ($200,000 is good money! plus what else are you going to use it for? Education is the best investment you could use it for.) or 2) Get good grades and do a bunch of stuff to get scholarships, and merit-based financial aid so that you are rewarded for you hard work. or 3) a combination of both of the above.

Ambrose Mumma: You will only qualify for federal unsubsidized student loans and this alone will not be enough to pay for UCLA. You will not qualify for other need-based aid or free grant money. The $200,000 in the bank is an asset that must be counted.The fact that your parents are poor won't matter! because it is the combined income and assets of the student and the parent that help determine financial aid eligibility....Show more

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