Home > Emory University Group > Question and Answer

Question:

Answers:

1. 
   jrshim Student
   College - Sophomore

   eNotes Editor

   Roughly 40% of the student body receives financial aid. In more recent years, Emory has tried to attract more students from the lower socioeconomic level to further add diversity to the campus. Emory has also initiated a program to relieve costs on middle and lower income families called Emory Advantage. The program essentially reduces the amount of money loans taken out by students to pay for an undergraduate degree. For dependent undergraduate students whose families’ annual total incomes are $50,000 or less, they are eligible for the Loan Replacement Grant. In place of the need-based loans, Emory covers this cost, including tuition, room, and board, with grants. The other program is called the Loan Cap Program, which is available for those students whose families’ income is between $50,000 and $100,000. Students receive a standard financial aid award for their first two years and after they have accrued $15,000 in need-based loans from Emory, then grants will cover any continuing need-based loans up until degree completion.

   Rate answer:

   • Flag as inappropriate

   Posted by jrshim on Friday September 12, 2008 at 3:12 PM