College scholarship revoked days before tuition is due. Now what? - So my son is entering college as a freshman in the fall. He was awarded a need-based opportunity scholarship for $8,500 for the school year, or $4,250 per semester. In June, we received a bill for ~$8,019 for the fall semester. When I logged on last week to pay the bill that is due on the 9th, I was shocked to find that the balance due was $12,269 and there was no longer any information regarding the scholarship on his account. We received no correspondence that the scholarship was being revoked. I spoke to the school’s financial aid office who told me that the removal of the scholarship was due to a rule change in how the state (NJ) calculates awards. They couldn’t give me details at the time; I had to request an appointment with a counselor, which takes place on Tuesday. Does anyone have any experience with being awarded a scholarship, only to have it taken away without warning? It seems unfair/unethical to hand someone thousands of dollars, only to rescind it weeks later. Do I have any recourse? Personal Finance

College scholarship revoked days before tuition is due. Now what? - So my son is entering college as a freshman in the fall. He was awarded a need-based opportunity scholarship for $8,500 for the school year, or $4,250 per semester. In June, we received a bill for ~$8,019 for the fall semester. When I logged on last week to pay the bill that is due on the 9th, I was shocked to find that the balance due was $12,269 and there was no longer any information regarding the scholarship on his account. We received no correspondence that the scholarship was being revoked.

I spoke to the school’s financial aid office who told me that the removal of the scholarship was due to a rule change in how the state (NJ) calculates awards. They couldn’t give me details at the time; I had to request an appointment with a counselor, which takes place on Tuesday.

Does anyone have any experience with being awarded a scholarship, only to have it taken away without warning? It seems unfair/unethical to hand someone thousands of dollars, only to rescind it weeks later. Do I have any recourse?


Shortnsalty 33d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 64d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 94d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 125d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 155d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?