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College and University Discussion
Reply to "Merit Scholarships"
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[quote=Anonymous][quote=Anonymous]We've received the same $68,000 to each school that DD has applied to. Is that common? Is there a formula used, I find it interesting she's received $17k per year from 4 different schools.[/quote] A lot of merit scholarships take financial need into account. So, two kids could win the same named merit scholarship, but be offered different $ amounts as an award. $17,000 could be the amount that your FAFSA says is reasonable, so every school is coming up with the same award $ amount for your DD. I remember when I was applying to schools I won a big name scholarship to a certain college, one that they publicize heavily, and when we got the paperwork the fine print said "up to X amount" that would have been a full scholarship. It turned out I actually got almost nothing and was only offered what I would have gotten in aid without the scholarship. A boy at my school also won the same scholarship and he got nearly a full ride, but his family had a much more significant need than mine. [/quote]
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