Tuesday, February 5, 2008

Financial Aid

We went to our tax accountant on Friday to get an estimate on our 2007 taxes so that I can use it for financial aid paperwork. Even though I consider myself relatively good with numbers, I always come away from meetings with the accountant feeling glad that we pay someone to do this. I've used Turbotax and such before, but it feels like our taxes get more complicated each year, and our accountant just flat-out knows what she's doing.
Speaking of complicated, the financial aid process is confusing and a lot of work! US citizens have to do a federal form and a school form, plus Wharton asks for a 500 word essay:

Describe what you see as the value of fellowships/scholarships to students. [Fellowships and scholarships are valuable to students because they give them money. Money is good. ] Why should you receive one? [You mean getting in isn't enough of a feat? Ok then, I should get one because I'm awesome and I need money! My husband is ready to have us eating ramen noodles in a studio apartment with all this debt looming. Please give me some cash!!] What impact will it have on you and/or your Wharton experience? [Any amount that I can reduce my debt burden will afford me more opportunity to choose the job that I really want, not the job that will help me pay back my loans the fastest. Hmm, I think that was too honest - they want me to get a higher salary don't they? Ok, how about this: any amount that I can reduce my debt burden will afford me more opportunity to give back to the Wharton School of Business so that future MBA students will be able to enjoy the same or better opportunities as me. Beautiful!]

Seriously though, I thought I was done with essays! And this one is weird. I'm not really sure how to approach it other than stating the obvious (as above). If anyone has any advice, please comment.


Paige said...

I'm waiting for Darden's admit packet... I don't look forward to this world of financial aid. They couldn't make it easy, huh?

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