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College and University Discussion
Reply to "Merit aid"
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[quote=Anonymous]"What are the chances that an average kid, 3.5 gpa, test scores about average, from a family that makes around $200,000 to $250,000 gets merit aid?" The odds of that student getting merit aid are nearly 100% at schools ranked lower than about about 75th that cost more than say $60k or so. The more they cost the bigger the aid. The amount of aid might not be huge at a $60k school but $10k X four years is nothing to sneeze at. Will they get merit aid at say UMd where the out of state cost of attendance is already a "reasonable" $50k, of course not. For many schools, merit aid is like a coupon to make them price competitive with schools like UMd.[/quote]
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