What magical solution does Dardens financial-aid office use to determine the amount of need-based scholarship it will award to a particular student?
Need-based scholarships are based upon the idea that a student has a specific student budget, whether they are in-state or out-of-state, and are expected, first, to put forth their own contribution. We look at that contribution as being composed of a small portion of what their current income is. Having made the decision to come to a graduate business program, we expect that they will have done a little bit of savings of their current income level as well as contributed all of their liquid assets up front. Of course, I personally believe that we will not touch any 401Ks or IRAs that aren’t overfunded because I believe if students put that money aside for retirement, then that’s what it’s there for, even though there are no longer any penalties or tax consequences other than simple tax for pulling that out for educational purposes According to our records, each member of last year’s class took out an average of about $37,600 in loans. Does Darden have any preferred lenders that it would
