Daniel Barkowitz | April 01, 2008
"FASU 7 - Current status and future plans..."
Stats, stats and more stats (or maybe that should be Stata, Stata, and more Stata!)...
Anyway, we mailed another 55 award letters today, leaving us with 45 files we are working on at the moment and only 288 of you with incomplete applications.
We will be running two more packaging batches to create award letters prior to CPW, one this Thursday and one next Wednesday. We will keep a copy of these award letters and place them in your CPW packets (if you are coming), since we assume if we mail awards this Thursday you may not have them in time for CPW.
Appeal review began yesterday and we are listening and responding to your requests for reconsideration of your financial aid awards (for those of you who have need to appeal).
We are making good progress towards our CPW events (in fact, I will be staffing the CPW registration desk on Thursday, so look for me in La Sala de Puerto Rico).
Hmm, not much else to report...
Questions from you?
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Love. is that what they say these days? i miss the days of firsts
Posted by: keshav -12 on April 1, 2008 07:29 PM
so I am second aren't I..hmmm Good!
Posted by: Anonymous on April 1, 2008 07:54 PM
i was wondering, if I increased my earning power this summer and go beyond the $2850 self help would that mean my financial aid award will decrease? or will remain the same
Posted by: carmen'12 on April 1, 2008 09:56 PM
Depends on how much, Carmen.
First, remember that most first-year students' summer contributions are actually $1900. We expect that with taxes and other expenses you would need to earn up to $4000 to be able to save this much (depending upon whether you have to cover your own expenses, i.e. rent, food, etc). So if you earn up to that amount, there would be no change.
If you earn enough to cover your academic year self-help as well, that is also no problem.
At some point if your earnings reach a level which is way beyond the norm (say $8000, $9000, or $10,000 or so) we may wind up asking you for a higher student contribution in the following year, but even that just will reduce your next year's term-time self-help and won't have any effect on your grant.
Posted by: Daniel Barkowitz on April 1, 2008 11:10 PM
On the self-help form, if we report the outside scholarships we have already received at this time, will part of our MIT scholarship be taken away? Or will it only decrease the self-help amount?
Similarly, if the amount of outside scholarships covers more than the self-help expected by MIT, can those funds go toward the parent contribution (meaning our parents can pay less)?
Thank you very much, SFS, for doing all this!
Posted by: '12er on April 1, 2008 11:34 PM
ah I see...thanks Daniel...would love to be able to earn 10K, but I can keep dreaming. =)
Posted by: carmen'12 on April 2, 2008 12:41 AM
two questions... how long does the process of reviewing financial aid appeals last? and are we going to be notified via email/website or through regular mail?
thank you very much
Posted by: roberto '12 on April 2, 2008 12:07 PM
How common is it for MIT to match the aid offered by another college? I love this place and wouldn't want to go elsewhere, but with Harvard offering better aid and it being my parents' dream...I'm not sure how to make my case =/
Posted by: yiwen on April 2, 2008 06:02 PM
My daughter got waitlisted. MIT is her first pick. She is trying to decide whether or not to stay on the waitlist as unfortunately the final decision -if there is room at MIT--will come down to financial aid (she got a very good package at 2 other comparable schools). She will choose not to stay on the list if it is financially unfeasible-so as to give someone else a chance. Is there any way she can get an estimated financial aid letter so she can make an informed decision?
Posted by: waitlisted mom on April 2, 2008 10:54 PM
Dear Daniel,
My MIT portal indicates that I am missing the following forms,
Self-Help and Outside Award Reply Form
MIT Student Information Review Form
I will send them as soon as possible. In the mean time, I was wondering if I would still receive my financial aid award letter, before I complete and send the above mentioned forms to you.
TC
Posted by: Ram on April 3, 2008 09:18 AM
Same as Ram,
I got my package only few hours ago. Or can I send these two forms by fax?
Thank You!
Posted by: KaYnaR on April 3, 2008 02:16 PM
Hey is it possible to email the outside help and student info forms instead of mailing them?
thanks
Posted by: Anonymous on April 3, 2008 06:37 PM
