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College and University Discussion
Reply to "Colleges That Award Grants"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, tell your DC to go to his high school counseling office. They can point him to online and paper lists of scholarship sources offered by colleges, foundations and other donors who aren't connected to a particular college. For example, there's actually college scholarship money for kids who speak the Star Trek language Klingon. That probably doesn't apply to your kid (or mine). But it's an example of some of the more obscure sources of aid that your kid might qualify for. More likely, Joe and Mary Smith will have donated a $2,000 annual award for students at their alma mater, college X who are studying Y (usually Joe or Mary's own department). [/quote] We've looked at the Fastweb scholarships and really can't figure out how DD will be able to win $40K in scholarship money (repeated for four years) that will enable her to go to the very nice SLACs she's qualified for (and likely to get into) that would put the price of those SLACs on a par with the price of our state U. Has anyone's kid found $40K in scholarship money? We also found out that even if DD gets, say, $20K in merit aid from no-name SLAC, any outside scholarship money she wins will be DEDUCTED from her merit grant!! I went to a great private college many years ago, when it was completely within reach of the middle class. [b]Now Ivies and top-SLACs are for the poor and rich. [/b]The middle class are completely shut out unless they want to take out extra mortgages or break into their retirement funds. [/quote]Yesterday, we did a tour/information session of Princeton. DC will compete with 20,000 of their closest academic friends. :) But what really stood out was the financial aid package. In addition to talking about holistic admissions, she said that with [b]income of $120,00-$140,0000, the grants cover a whopping 86% of the tuition! [/b] $180,000-$200,000, 65% of the tuition. Of course, this is tuition and does not include room and board but the lower the income, that's when room and board is included. I won't post the entire financial aid list (pretty sure it's online) that's in the information packet provided but the speaker said that Princeton's purpose is not to graduate any student in academic debt. The most debt is about $5500 and that's because a student purchases things like computers, etc. Yes, the admissions acceptance is abysmal but if DC can get in, no way is DC turning down Princeton if they will pay the tuition. No way! [/quote]Correction....$120,000-$140,000, 97% of tuition; $140,000-$160,000, 86% of tuition.[/quote]
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