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Mythbuster: I didn’t get a scholarship, so USC is not going to be financially feasible

Mythbus<span id="more-9286"></span>ter: I didn’t get a scholarship, so USC is not going to be financially feasible

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

Jessica: pupils often confuse the difference between merit aid and need based aid. Could you simplify the huge difference?

Danny: Merit based help is money awarded up to a student based on a compelling admission application that demonstrates significant achievements. Scholarships are the type that is only of based aid, and therefore are perhaps not awarded by the Financial Aid Office. Need based help is directed at students based entirely on their family members’ demonstrated monetary need. Factors such as for example good grades or test ratings don’t play into awarding students need based help.

J: What are different types of Financial Aid?

D: There are a few different types of need based aid- Loans, Grants, and Work-Study. Loans are amounts of money which will need to be compensated back to the government that is federal. A grant is an award that doesn’t need to be paid back. Work-Study is really a form of financial aid that enables students to put up part-time jobs in purchase to make cash to simply help fund their education.

J: How does the Financial help office determine how much aid a pupil will get?

D: The Financial shmoop.pro Aid office will need students to submit two separate monetary aid applications. The first application is the FAFSA kind, which are available at FAFSA.ed.gov. The application that is second students must submit is the College Scholarship Service Profile type (CSS Profile) at collegeboard.com. These types will collect data on the student’s and parents’ earnings, assets, and assets and so the educational funding office can plainly see the financial situation of a student’s family members. Once these forms are assessed the student will likely then receive a figure that specifies their family members’s determined Expected Family Contribution (EFC), or the quantity their family is anticipated to contribute toward their educational prices for that particular educational 12 months. If we have a student’s determined need that is financial 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 shall fill this USC determined need that is financial% with need based help.

J: When does a learning pupil typically get their Financial Aid Overview?

D: As long as a student applies by the educational funding deadline, they should receive an aid that is financial summary within one to two weeks after receiving an admission decision.

Raise your hand if you hate waiting…

April 1st, while right across the part, probably is like a million miles away for those waiting to hear from colleges. We obtain it game that is…the waiting the worst! Below are a few basic ideas of how you can pass the time while we summary the procedure on our end.

  1. Cross one thing off your high school bucket list

Is there something you’ve always desired to do but just haven’t gotten around to actually doing in high school? Now’s your chance. Go to a volleyball or basketball game. Audition for the spring musical. Try that restaurant your pals have now been talking about. Play in the battle of this bands. You’re a senior and leader on campus. Yourself, people will only think you’re more fun if you make a fool of. Therefore move out here and explore what’s happening at your college before you head off to college.

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

Nothing claims procrastination like college sports. March Madness, especially, is among the most useful approaches to occupy your time. You can find baseball games nearly daily, so when you’re not viewing, 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. Check our Harry Potter at Universal Studios if you’re in Los Angeles

If you are 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 myself can’t wait to visit Ollivander’s to find my wand, drink a butterbeer during the Three Broomsticks, and hang with Harry, Hermione, and Ron at Hogwarts. And if I’m really lucky, I might encounter a Basilisk and learn my patronus against a dementor.

  1. Plan a St. Patricks party day

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

  1. Do a little spring cleansing down with the old in with the latest

You’re concerning the head down to college and will be packing up likely most of your belongings to create with you. There is no time like the present to start going right through your wardrobe to clean things away. Create a few extra bucks by detailing your stuff that is nice on, and supply the rest of Goodwill. Your parents will thank you once you re-locate to take everything with you!