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Reply to "Tuition exchange"
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[quote=Anonymous]OP - thank you for this thread. I too work for a school on this list and agree with the many assessment of excellent schools that participate. However, as is also pointed out, this list is deceptive and a benefit most college employees never access for their children. At many of the excellent schools that have been identified, the chance of receiving funding to the more competitive of the schools is close to nil. The best bet for those truly looking for funding via the program is applying to the least competitive of the schools. For those looking to maximize caliber in college attended, you are more likely to receive strong financial aid packages from equivalent or higher caliber schools not participating in the program than from those that do. Many who work at these schools think the tuition exchange program is a better benefit than it really is. The reality for most is if you are looking for tuition remission for your child, your best chance is at the school where you work. Of course it’s also worth pointing out even full tuition remission is not the same as a financial aid “free ride” as the value of the tuition remission an employee’s child receives is then taxed as income, so depending on your income tax bracket it could really be the equivalent of a 2/3 aid package. While nothing to scoff at, that is not the “free ride” people think college employees receive for their child. Ultimately chances for aid are far better outside the tuition exchange program. [/quote]
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