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Author Topic: Financial Aid Questions  (Read 8614 times)

Kenny

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Financial Aid Questions
« on: January 01, 2007, 09:22 PM »
I was accepted ED and received in my financial aid package a work-study offer. I was wondering what type of work study opportunities are there at Johns Hopkins? What is the time commitment?

Admissions_Daniel

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Financial Aid Questions
« Reply #1 on: January 03, 2007, 10:13 AM »
First a suggestion. You might want to post your question about work-study opportunities in the "Student Life" thread so that the various students can detail their experiences with work-study. But as far as your specific questions:

Federal Work-Study (FWS) is a federally funded program that provides subsidized part-time employment for students with financial need. The FWS amount in your aid package is the allotment of money that you may earn during the academic year. FWS awards are not credited to your bill. Earnings are used to help cover expenses such as books, travel, and other personal expenses. Students are paid weekly for hours worked.

The office of Student Employment Services offers a wide variety of jobs both on and off campus and in community service settings; students choose their own jobs and must apply and interview directly with the employer. Pay rates range from $6.15 to $12.00 per hour for work-study positions. Note: there is NO limit set on NON work-study earnings. Students may earn both work-study and Non work-study wages simultaneously. Students may work up to 20 hours per week under Univerity policy.

A Student Job Fair is held annually in early September, for students to see all the opportunities available to them.

Here are a couple of web sites with even more information:

(1) http://www.jhu.edu/finaid/prosp_stud_work.html
(2) http://semps.ses.hsa.jhu.edu/stujob/seoform/fwsFAQ.pdf

JHU_MichelleT

  • Hopkins Alumni
Financial Aid Questions
« Reply #2 on: January 06, 2007, 03:27 AM »
Quote from: "Admissions_Daniel"
Pay rates range from $6.15 to $12.00 per hour for work-study positions. Note: there is NO limit set on NON work-study earnings. Students may earn both work-study and Non work-study wages simultaneously. Students may work up to 20 hours per week under Univerity policy.
Actually, not to be a nit-picker, Daniel - but you can earn more than $12 an hour with work study (one of my jobs pays significantly more than that). I don't believe there's actually any ceiling, although there are pay rate suggestions for employers based on the skill level needed for the position.

Also, typically, when you have a work study job, if you work more than the allotted amount (based on a dollar limit each semester) your employer can decide to keep employing you outside of the work study contract (and pay from their own budget). You can ask your employer if they're able/willing to do this, if you really want to work a lot and are worried about maxing out your work study allowance.
Check out my archived student blog from when I was a student:here!

You can also read my guest blog entries: here, here, and here.

Admissions_Daniel

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« Reply #3 on: January 06, 2007, 10:03 AM »
MT - Thanks for updating my info. I actually copied much of the text from the work study web site, so it is always good to get inside info. As you personally know, I avoid all those sticky details when it comes to students who work for me ... ha ha ha.

DatDarnDude

  • Newbie
Financial Aid Questions
« Reply #4 on: September 17, 2007, 10:04 PM »
If by the off chance I get accepted to this school then when will I find out if I got any kind of scholarship. I'm not the one paying for all of this and I won't be allowed to go here if I get nothing and end up with a full ride elsewhere.

Admissions_Daniel

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« Reply #5 on: September 18, 2007, 05:12 AM »
Information on merit based scholarships offered by Johns Hopkins University can be found here: http://apply.jhu.edu/finaid/scholarships.html. There is no separate application for scholarships - all applicants are reviewed for merit based aid. Please note we offer only between 80 - 100 merit scholarship awards each year to our admitted students, and all awards are partial scholarships. All scholarship decisions are released when regular decision notifications are released.

In addition, we encourage students to review our Financial Aid web site: http://www.jhu.edu/finaid/.

CorvusRiley

  • Jr. Member
Financial Aid Questions
« Reply #6 on: October 29, 2007, 07:17 PM »
I, through careful, meticulous decision and research, decided to go RD because I understood it to be more useful in the way of financial aid bargaining. No, I understand that I won't be haggling with the financial aid department, but my logic was, and echoes my research, that those who choose to go ED (which I was going to do) have less of a position in the financial aid area, as they have committed themselves completely to the school. Now, I don't have the economic resources that many have, I don't have a disability, I'm not a minority, I'm not an athlete, no one in my family has ever gone to JHU, but have lived in Baltimore interestingly enough, and I don't have perfect ACT or SAT scores. I understand that each applicant is reviewed individually, etc. but there are those who have a significant advantage over people such as myself by meeting certain criteria that are often out of their control (not to say they are undeserving, no).

Back to the actual point.

I truly and dearly want to go to Johns Hopkins University, but the fact that I probably won't be able to pay for it even if I am accepted is disheartening to say the least. My Estimated Family Contribution is somewhere in the $17,000 area. I will most definitely be needing more aid than this. I have been applying to all sorts of third-party scholarships, but I fear it will not be enough and I also fear that I won't be good enough to get in on merit. This is probably simple self-deprecation to prepare me for potential rejection, but I would like to know, how far is JHU willing to stretch? I suppose I would like a student's actual experience in this area who possibly had a similar experience. What, in essence, I'm asking for is hope. I don't expect it, but I would like to know if there is a sliver of a chance.

I apologize for this lengthy post, but these are pertinent questions and musings that have been buzzing about in my mind for a long time.

Admissions_Mark

  • Full Member
Financial Aid Questions
« Reply #7 on: October 29, 2007, 08:20 PM »
Johns Hopkins University gives out about $11,000,000 in aid every year to the freshman class.  It's truly hard to know how an individual case will turn out but using the online calculator can help give you an idea.  Do understand that Hopkins meets demonstrated need through grants, loans and work-study.
Mark E. Butt
Sr. Assistant Director of Undergraduate Admissions
Johns Hopkins University

CorvusRiley

  • Jr. Member
Financial Aid Questions
« Reply #8 on: October 29, 2007, 08:26 PM »
Yes. Thank you. I just worry about it I suppose. I've finished all of my applications and I'm anxious for responses that won't be coming for some time.

I appreciate your response!

JHU_Lauren

  • Hopkins Alumni
Financial Aid Questions
« Reply #9 on: October 29, 2007, 08:40 PM »
I guess this won't be of much help .. but my expected family contribution was significantly lower than yours, and I got a great deal of help.  I'm definitely not a financial aid expert though and, because of that, I can't predict how much merit-based aid you can expect to get from Hopkins.  :unsure:  I guess someone with a higher expected family contribution and, therefore, a closer situation to yours would be of more help!  This website, if you haven't already been there, may give you an idea of what you would be eligible for.  I've never used it so I'm not sure how helpful it will be, but you can try it: http://www.jhu.edu/finaid/estimator.html.    This gives you your estimated family contribution {which it sounds like you already know} and, as the financial aid website says:

Quote
The family contribution is subtracted from the total college cost for the year. The difference is your financial aid eligibility or need.

Most of the financial aid available here is based on need.  There are merit-based scholarships though that you may be eligible for though if you want to look into that: http://www.jhu.edu/finaid/prosp_stud_scholar.html.  As Mark said before me, there are also opportunities with loans and work study that you can consider if your aid package isn't what you expected.

But, no matter what the outcome, I definitely would encourage you to devote a lot of your time to private scholarships; that way, even if financial aid from here doesn't turn out as well as you had hoped, you will still have a lot of help.  First, ask your guidance counselor if he or she knows of any scholarships - my school actually had lists that they sent out monthly to interested students with local scholarship details {deadline, requirements, email addresses, things like that}, so yours might have something like that available for you.  There are great websites as well that list and will even email you with updates on available scholarships.  I think the one I used was fastweb.com.

Also, I remember reading at one point that Hopkins encourages its students to apply for scholarships while they are attending as undergraduates, and I think there are aid advisors here that will offer you help in finding those if you need it.  I'll have to look into that more, or maybe someone else can offer their insight.  :)

Either way, there are DEFINITELY resources available to you.  Don't give up hope!  ;)  Don't feel overwhelmed at large figures, and don't think that cost has to keep you from attending the school that you want.  I felt like that when I was applying to schools because our financial situation was not - and still isn't - the best it could be when a family is sending a child off to school.  But the money is out there - you just have to do some digging to get to it sometimes.

Also, I must say that I'm impressed all of your applications are done already!  I guess I just procrastinated really, really well on mine, :lol:
lauren *
HOPKINS, CLASS OF 2011
http://blogs.hopkins-interactive.com/lauren

"Leave something good in every day."

Admissions_Daniel

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Financial Aid Questions
« Reply #10 on: October 30, 2007, 12:01 PM »
The only thing I would add to what has already been said, is that you might want to call the Office of Student Financial Services and have a conversation with one of the financial aid counselors: 410-516-8028.

chipwiredrive

  • Newbie
Financial Aid Questions
« Reply #11 on: November 16, 2007, 11:23 AM »
My question is concerning the CSS/Profile information application. I have sent mine in, (the main one with my info and my father'), but I have no idea if my mother sent hers in. She doesn't live with us, and because of legality issues we are not on speaking terms. Will I still be considered for Early Decision despite the fact she may not have completed her Noncustodial Parent Form??

Please say yes!!!!!!

Thank you!

Admissions_Daniel

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« Reply #12 on: November 16, 2007, 11:38 AM »
Quote from: "chipwiredrive"
My question is concerning the CSS/Profile information application. I have sent mine in, (the main one with my info and my father'), but I have no idea if my mother sent hers in. She doesn't live with us, and because of legality issues we are not on speaking terms. Will I still be considered for Early Decision despite the fact she may not have completed her Noncustodial Parent Form??

Please say yes!!!!!!

Thank you!
This is a question you should direct to the Financial Aid Office. I would call them directly at 410-516-8028 and ask to speak to one of the Financial Aid counselors. They will be able to look at your financial aid application account and see if all required documents have been received. If the non-custodial form has not been sent in, they will be able to instruct you on what steps to follow. This is an individual case therefore you need to speak with the Financial Aid Office directly.

dja08

  • Newbie
Financial Aid Questions
« Reply #13 on: November 17, 2007, 01:40 PM »
Greetings,

I applied Early Decision, and I understand that this will not limit my financial aid options with the university, however, money is a huge concern of mine, and it wasn't until I read

"Unless the information provided on your FAFSA and tax returns varies significantly from original estimates, your financial aid package will remain unchanged. If we are unable to offer you adequate need-based financial aid, you may be released from the Early Decision contract."

that I decided to truly commit to ED.

Upon reflection however, I've become a bit paranoid about financial aid, and while I know I did the right thing in applying ED as far as going to the school of my dreams is concerned, the price tag on the school of my dreams is making me slightly terrified.

So just in case the worst-case-ever-scenario actually happens to me, I was wondering how the university decides if a student is eligible to be released from the contract based on inadequate aid, exactly?

Thank you in advance for your time,
Danielle :blink:

Admissions_Daniel

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« Reply #14 on: November 18, 2007, 09:06 AM »
Quote from: "dja08"
Greetings,

I applied Early Decision, and I understand that this will not limit my financial aid options with the university, however, money is a huge concern of mine, and it wasn't until I read

"Unless the information provided on your FAFSA and tax returns varies significantly from original estimates, your financial aid package will remain unchanged. If we are unable to offer you adequate need-based financial aid, you may be released from the Early Decision contract."

that I decided to truly commit to ED.

Upon reflection however, I've become a bit paranoid about financial aid, and while I know I did the right thing in applying ED as far as going to the school of my dreams is concerned, the price tag on the school of my dreams is making me slightly terrified.

So just in case the worst-case-ever-scenario actually happens to me, I was wondering how the university decides if a student is eligible to be released from the contract based on inadequate aid, exactly?

Thank you in advance for your time,
Danielle :blink:
OK, first off don't be paranoid. The process is now out of your hands and you just need to be patient and wait until December 15. This Hopkins is your first choice and your "dream" school you did the right thing in applying ED and don't go second-guessing yourself now.

As an Early Decision candidate, one is eligible to apply for all types of need-based aid offered at Johns Hopkins. Choosing Early Decision will not limit one's financial aid options or consideration for merit scholarships. If one is accepted ED and qualifies for assistance, an estimated aid offer will accompany the acceptance packet. This offer is based on information submitted on the College Scholarship Service PROFILE form. A final aid offer will follow in the spring, pending receipt of the Free Application for Federal Student Aid (FAFSA), and one's parents' prior calendar year federal income tax returns. In the unlikely event that information on the FAFSA and tax returns varies significantly from original estimates, the financial aid package could change.
 
In the rare case where we are unable to offer you full need-based financial aid based on your financial aid documents, you may be released from the Early Decision contract. If after you receive your decision and your financial aid award, you and your family decide it is not going to work out you need to contact first your financial aid counselor. After that discussion, if you still feel you need to be let out of the ED contract because of financial concerns you will need to contact the Director of Admissions to make the request. Your admission will become inactive due to financial concerns. It is important to note you can not enroll later during the regular decision round.

Hope that helps. Just be patient.

dja08

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Financial Aid Questions
« Reply #15 on: November 18, 2007, 11:12 AM »
Thank you very much  :) These forums are fabulous

Admissions_Daniel

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Financial Aid Questions
« Reply #16 on: November 18, 2007, 12:48 PM »
Not a problem. Glad you like the Forums. Remember, you can always ask any of the current students questions ... they love conversing with prospective students.

orpheus2708

  • Newbie
Financial Aid Questions
« Reply #17 on: December 15, 2007, 12:37 PM »
Hello there,

So I was just admitted under ED for JHU (2012!!), but I had a few concerns. Chief among these concerns was my financial aid award. My total costs were $52000, which I know is way too high for my family. I was wondering what my options were.

Can financial aid be negotiated?
Is the FAFSA filing going to supply me with more aid?
How common is it for admitted for students to earn a scholarship?

I'm very excited I got admitted, and coming off the euphoria from last night, I'm sort of worried about paying for college. Any help would be greatly appreciated. Thanks.

Admissions_Daniel

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« Reply #18 on: December 15, 2007, 02:17 PM »
Quote from: "orpheus2708"
Can financial aid be negotiated?
Is the FAFSA filing going to supply me with more aid?
How common is it for admitted for students to earn a scholarship?
 
Johns Hopkins does not negotiate Financial Aid with students. HOWEVER, I do recommend that you contact your financial aid counselor next week to make sure that all the proper documentation was received with your application. Often ED applicants will forget to submit the proper financial aid documentation and therefore their initial financial aid award in not complete. You will receive a business card of a financial aid counselor in your acceptance packet -- call them directly.

As far as scholarships, we offer only about 80 total merit-based awards each year. ED students are eligible for them but merit-based scholarships are very competitive at Hopkins.

jhdad

  • Newbie
Financial Aid Questions
« Reply #19 on: December 19, 2007, 12:10 AM »
After the recent policy changes at Harvard, Penn, etc. is there any chance that JHU will change the fin aid approach?

Thank you,

Admissions_Daniel

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Financial Aid Questions
« Reply #20 on: December 19, 2007, 09:08 AM »
The Admissions Office and Office of Financial Aid are currently investigating a number of different initiatives that may alter the way Hopkins proceeds with financial aid packaging. Decisions will be made for the betterment of Hopkins and our student body, and not because other schools are making such announcements. In fact, our offices have been discussing new policies for the past year.

The priority at this time though for Hopkins is the selection of a new Director of Student Financial Services. Once our new Director begins I do assume there will be changes made to the way we fund all of our students.

Institutional priorities are different for all colleges and universities, and therefore Johns Hopkins makes decisions that are best for our institution, not in response to what other schools might be doing.

jenny7867

  • Newbie
Financial Aid Questions
« Reply #21 on: January 02, 2008, 12:25 PM »
hi,
i was admitted as an ED and i checked that i didn't need financial aid along with my other application materials by 11/15. is there any possiblilty that i can apply for financial aid now? do i still have the chance to apply for it or i don't have any chance at all?

thanks alot,
jenny

Admissions_Daniel

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« Reply #22 on: January 02, 2008, 12:42 PM »
Quote from: "jenny7867"
i was admitted as an ED and i checked that i didn't need financial aid along with my other application materials by 11/15. is there any possiblilty that i can apply for financial aid now? do i still have the chance to apply for it or i don't have any chance at all?
Jenny,

I am not sure about the financial aid's policy on admitted ED students applying for financial aid after their admission. You should call them as soon as you can - 410-516-8028. Ask to speak withthe financial aid counselor who would be assigned to your case and see what options are available to you.

folake_08

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Financial Aid Questions
« Reply #23 on: February 13, 2008, 11:21 PM »
I was wondering if there is a priority deadline for the FAFSA to be submitted.

Admissions_Daniel

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« Reply #24 on: February 14, 2008, 09:59 AM »
Quote from: "folake_08"
I was wondering if there is a priority deadline for the FAFSA to be submitted.
As stated on the "How to Apply - Freshman Financial Aid" web site ...
http://www.jhu.edu/finaid/prosp_stud.html ...
it states...

2. Free Application for Federal Student Aid (FAFSA).
The FAFSA is available from your high school guidance office or you may file it on the web at http://www.fafsa.ed.gov. You will need a PIN if you plan to file your FAFSA on the web. A PIN can be obtained at http://www.pin.ed.gov. Allow 7