Mythbuster: i did son’t get a scholarship, so USC is not planning to be financially feasible

Mythbus<span id="more-4447"></span>ter: i did son’t get a scholarship, so USC is not planning to be financially feasible

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

Jessica: Students frequently confuse the difference between merit aid and need based aid. Could you explain the difference?

Danny: Merit based aid is cash awarded up to a student based on a compelling admission application that demonstrates significant achievements. Scholarships are the only kind of merit based aid, and are also not awarded by the Financial Aid Office. Need based help is directed at students based entirely on their family’s demonstrated economic need. Facets such as for instance good grades or test scores don’t play into awarding students need based help.

J: What are different kinds of Financial Aid?

D: There are many different types of need based aid- Loans, Grants, and Work-Study. Loans are amounts of money which will need certainly to be paid back to the federal government. A grant is definitely an award that does not need to be paid back. Work-Study is really a kind of educational funding that permits students to hold part-time jobs in purchase to make money to aid fund their education.

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

D: The Financial Aid office will need students to submit two separate economic 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 may be the College Scholarship Service Profile type (CSS Profile) at collegeboard.com. These types will collect information regarding the student’s and parents’ earnings, assets, and investments so the school funding workplace can demonstrably see the financial situation of a student’s family. Once these forms are evaluated the student will then receive a figure that specifies their family members’s determined Expected Family Contribution (EFC), or the amount their family is anticipated to contribute toward their educational costs for that particular educational year. Even as we have a student’s determined economic need we can then fund them with need based aid (Grants, Loans, and Work-Study) to cover this need. Here at USC provided that the pupil applies on time, we will fill this USC determined need that is financial% with need based aid.

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

D: As long as a student applies by the Financial Aid deadline, they should receive an aid that is financial summary within 1 to 2 weeks after receiving an admission choice.

Raise your hand if you hate waiting…

April 1st, while appropriate around the corner, probably feels like a million miles away for all those waiting to hear from colleges. We have it…the waiting game is the worst! Check out ideas of how you can pass the time while we summary the procedure on our end.

  1. Cross something off your high school bucket list

Is there something you have always wanted to do but just haven’t gotten around to actually doing in high college? Now’s your chance. Get to a basketball or volleyball game. Audition for the springtime musical. Try that restaurant your pals have now been dealing with. Enjoy in the battle associated with the bands. You’re a senior and frontrunner on campus. Yourself, people will only think you’re more fun if you make a fool of. Therefore escape here and explore what are you doing at your school before you head down to college.

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

Absolutely nothing claims procrastination like college sports. March Madness, especially, is among the most readily useful methods to occupy your time. There are basketball games nearly daily, and when you’re not watching, you can obsess over your bracket and those of your rivals. Get kids that are excited this is one of my favorite sporting events for the year!

  1. Always check our Harry Potter at Universal Studios if you should be in LA

If you’re indigenous to Los Angeles, or happen to be in the neighbor hood, get check always out Hogworts and the Wizarding World that is magical of Potter at Universal Studios. I personally can not wait to visit Ollivander’s to find my wand, take in a butterbeer during 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. Arrange a St. Patricks day party

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

  1. Do a little springtime cleaning shmoop paper writing websites down with the old in with the new

You’re about the head off to college and will be packing up likely most of your belongings to create with you. There’s no right time like the present to start going right on through your closet to clean things down. Create a few extra bucks by detailing your nice stuff on Tradesy, and give the rest of Goodwill. Your moms and dads will thank you once you move out for taking everything with you!

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