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kgrill

College Discounting Does Students a Disservice - 0 views

www.forbes.com/...ing-does-students-a-disservice

financial aid

shared by kgrill on 07 Aug 14 - No Cached
  • This significant amount of tuition discounting, the wide variation in the amount of aid granted and the uncertainty around the true price results in an imperfect market for higher education and does a disservice to students, their families and American higher education in general. Because buyers can’t know what they will actually pay until the acceptance letter arrives, many students don’t apply to schools that they should consider and others apply to schools that they can’t afford assuming that they will get all the aid they need only to find out that they can’t afford them once accepted. In this last year, 26% of students who were accepted at their first choice school didn’t attend it because they were not offered aid and 40% said not being able to afford their first choice school was a very important consideration in their not enrolling at that school.(The American Freshman National Norms: 2013)
  • First, it is often very hard to find a school’s net price calculator as many bury them deep in their websites. I suggest using the college’s search engine to find the net price calculator. Second, a quick look at some school’s calculators immediately turned up problems—many schools are not keeping their calculators current or not including all aid they award in their calculator.
  • In addition, it is a very labor-intensive process
  • ...1 more annotation...
  • Why do most private colleges price and discount this way? Most colleges believe that the public relates the sticker price with the quality of the institution and that the higher the price the higher the perceived quality. Second, many colleges believe that students and their families like getting scholarships. Families resonate to scholarships and take it as an indication that the institution wants their child. Third, the larger the difference between the sticker price and the net price the more colleges can charge different net prices to different students; this gives the schools more opportunity to discriminate in their pricing in favor of students who are most desirable to the college. Fourth, many schools are unable to get the enrollment that they need to fill up their classrooms at their sticker price because students and their families are either unable or unwilling to pay the price and thus they must discount the price to get the enrollment that they need for financial equilibrium.
  • kgrill on 07 Aug 14
     
    Eighty nine percent of entering freshman receive some financial aid/tuition discount from their institution
kgrill

Muhlenberg College The Real Deal on Financial Aid - 0 views

www.muhlenberg.edu/...therealdealonfinancialaid

aid college

shared by kgrill on 04 Nov 14 - No Cached
  • Preferential packaging means, simply, that the students a college would most like to enroll will receive the most advantageous financial aid packages.
  • A preferential financial aid package includes a far greater percentage of grant aid than self-help (loans and work).
  • Some students nearer the bottom of the admitted student group are "gapped," meaning that they have a financial aid package, but it may not meet their full need.
  • ...1 more annotation...
  • f money is a factor in your college search and it will impact your final choice, you should make sure to apply to colleges where you are clearly in the top third to top quarter of the applicant pool.
kgrill

35 Best Bets for College Merit Aid - Do It Yourself College Rankings - 0 views

diycollegerankings.com/...8921

college merit aid

shared by kgrill on 04 Sep 14 - No Cached
  • 90% of freshman are getting institutional aid
  • merit money to students without need.
  • private schools since they’re more likely to provide non-need based institutional aid
kgrill

8 Mistakes Parents Make When They Help Kids Apply To College - 0 views

www.huffingtonpost.com/...ying-to-college_n_5709605.html

college

shared by kgrill on 18 Sep 14 - No Cached
  • chools become highly selective in who they pick and far less generous with financial aid.
  • Smaller colleges also provide a more intimate learning experience,
  • your future happiness at work and at home has more to do with what you do at college than where you went to school,
  • ...11 more annotations...
  • Affordability is a conversation to have with your kids before they apply,
  • To get your Expected Family Contribution (EFC) number, you can use the EFC calculator on the College Board site.
  • he kids who get the full ride with merit scholarships are a tiny minority; they are generally kids with great potential and no money.
  • Only Divisions I and II schools offer athletic scholarships; Division III teams do not.
  • Excluding the glamour sports of football and basketball, the average NCAA athletic scholarship is about $8,700 -- nowhere near a full ride. For track or baseball, it's generally about $2,000.
  • As for scholarships in general, thinking local tends to yield more money. Better to try your local civic organizations where there is less competition for money. Remember, it takes a village.
  • The good news is that at most state and private colleges and universities, the equity in your primary home is a non-issue,
  • There are, however, roughly 260 schools, nearly all private, that are quite interested in the value of your house and how these schools treat home equity varies dramatically,
  • These colleges use an additional financial aid form called the CSS/Financial Aid PROFILE.
  • Sometimes, schools don't identify loans as loans but insist on calling it "financial aid."
  • For some, it may be.
  • kgrill on 18 Sep 14
     
    Plan ahead
kgrill

Search for colleges by location, interest, GPA and cost - Fastweb - 0 views

www.fastweb.com/college-search

colleges scholarships financial aid careers

shared by kgrill on 19 Jun 14 - No Cached
  • kgrill on 19 Jun 14
     
    Free college search and financial aid information
kgrill

Ten Ways Colleges Work You Over by Stephen Burd and Rachel Fishman | The Washington Mon... - 0 views

www.washingtonmonthly.com/...olleges_work_you_ove051760.php

colleges

shared by kgrill on 08 Sep 14 - No Cached
  • Part of the problem is that many parents and students are unaware that they must apply for financial aid every year they are in school and that the price they pay can vary dramatically from year to year.
  • colleges front-load aid that the average net price for returning students
  • kgrill on 08 Sep 14
     
    "appear" selective; "need awareness"; front-end loading, etc
kgrill

Early Decision & Early Action - 0 views

professionals.collegeboard.com/...early

application college

shared by kgrill on 01 Aug 14 - No Cached
  • Early decision plans are binding — a student who is accepted as an ED applicant must attend the college. Early action plans are nonbinding — students receive an early response to their application but do not have to commit to the college until the normal reply date of May 1.
  • ED plans have come under fire as unfair to students from families with low incomes, since they do not have the opportunity to compare financial aid offers
  • Agree to attend the college if accepted and offered a financial aid package that is considered adequate by the family.
  • ...11 more annotations...
  • Apply to only one college early decision.
  • Receive an admission decision early in the admission cycle (usually in January or February).
  • Give the college a decision no later than the May 1 national response date.
  • Has researched colleges extensively.
  • Is absolutely sure that the college is the first choice.
  • Has found a college that is a strong match academically, socially and geographically.
  • Meets or exceeds the admission profile for the college for SAT® scores, GPA and class rank.
  • Has an academic record that has been consistently solid over time.
  • Time crunch for other applications: Most colleges do not notify ED and EA applicants of admission until December 15. Because of the usual deadlines for applications, this means that if a student is rejected by the ED college, there are only two weeks left to send in other applications. Encourage those of your students who are applying early to prepare other applications as they wait to receive admission decisions from their first-choice college. 
  • arly-applying students should know that colleges may rescind offers of admission should their senior-year grades drop.
  • Higher admission rates for ED applicants may correlate to stronger profiles among candidates choosing ED. Students should ask the admission office whether their institution's admission standards differ between ED and regular applicants, and then assess whether applying early makes sense given their own profile.
  • kgrill on 01 Aug 14
     
    pros and cons
kgrill

Education Resources - NYTimes.com - 0 views

www.nytimes.com/...opics-education-navigator.html

higher education college admissions financial aid sports

shared by kgrill on 19 Jun 14 - No Cached
  • kgrill on 19 Jun 14
     
    Resources around the Web about education selected by The New York Times editors and staff
kgrill

Find Your College at CollegeFactual.com: Compare Colleges, Costs and Value via Rankings... - 0 views

www.collegefactual.com

majors financial aid rankings admissions degrees

shared by kgrill on 19 Jun 14 - No Cached
  • kgrill on 19 Jun 14
     
    Customize your college search--get matched to majors, choose colleges, and find a career path
kgrill

adMISSION POSSIBLE®| College Admission Resources for ALL Students - 0 views

admissionpossible.com/index.php

admissions tests financial aid college applications timelines

shared by kgrill on 19 Jun 14 - No Cached
  • kgrill on 19 Jun 14
     
    What you need to know about getting into the best colleges for YOU
kgrill

FAFSA and the Middle Class | Mary Anna Dennard - 0 views

www.huffingtonpost.com/...the-middle-clas_b_5830584.html

college aid

shared by kgrill on 18 Sep 14 - No Cached
  • Experts who know precisely how the government calculates EFCs say there's one overarching reason for this shock: the formula is so outdated--it's loosely based on a family budget from 1967--that it's no surprise many 21st Century families are astonished when they receive their EFC estimates.
  • kgrill on 18 Sep 14
     
    EFC
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