Reply to Actual tuition for college is 57% less than listed price

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[quote=Anonymous][quote=Anonymous]That’s how I read this at least? Not sure how you get the discount and if it applies at all schools evenly.

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Never, ever assume any information about college costs applies to all schools evenly or to all students and families. That is not at all how it works.

Need-based financial aid and merit scholarship money are two completely separate categories.

Most top schools don't offer merit discounts. Several offer zero merit whatsoever, while some others may offer a few super-competitive scholarships to a tiny number of admitted applicants. Instead, top schools tend to emphasize need-based financial aid, which is based on income and assets. Use their Net Price Calculators to see how much need-based aid you'd get.

If you aren't eligible for need-based aid, look for merit discounts at schools that are lower-ranked and where your kid's stats would be at the high end for the school. Colleges offering merit discounts may or may not end up with a final price close to your state flagship. Typically, they are still a bit more expensive. Colleges use enrollment management consultants with extensive algorithms to figure out how much merit to offer to persuade a student to attend. Think airline ticket pricing, but far more complex.[/quote]

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