I have a question for all those that have previously gone through this process. In general, when the school assigns your grant by need, will they assign the amount based on the applicant's EFC before taking into consideration any applicant's merit scholarship or afterwards? Putting my question into numbers, let's say the cost of the school is $60,000.00, the applicant's EFC is $30,000.00 and receives a merit scholarship of $10,000.00, will the total package offer will be $60,000- $30,000 - $10,000 = $20,000.00 (expected yearly cost of attendance) or $60,000 - 10,000 - 20,000 = $30,000 (expected yearly cost of attendance). If it is the latter (which I believe it is), then shouldn't the applicant be expected that most acceptance offers will fluctuate around the same number (EFC) regardless of the merit scholarships assigned unless the merit scholarship goes beyond the EFC? Am I assuming this right? Thank you in advance in sharing your thoughts and experiences.
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