Reply to Which private colleges have the best financial aid for donut hole families?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The one that is a notch or two below where your kid would get in if you had more money.[/quote]

I don’t think ranking matters for financial aid. Possibly you’re thinking of merit aid?[/quote]

IMO it doesn’t matter what you call it. Seek both. Merit aid or financial at the end of the day. Both get you a discount and lower the cost of attendance. For most merit scholarships you don’t need to do anything in addition to the regular application.

Merit aid is preferable because it is guaranteed for four years, assuming that the student maintains a minimum GPA.

If OP shared her kid’s stats, and if they want a small/large/university/liberal arts college they’d get more precise suggestions for generous FA schools and generous merit aid schools worth considering. [/quote]

Op.  I already have a good understanding of which schools offer good merit so now I’m researching colleges that just offer really good financial aid (typically higher ranked schools that don’t need to give merit). Would prefer a liberal arts college or smaller university. 34 ACT, 3.9 UGPA. [/quote]

This helps. She’s a good student but let’s assume not applying to an Ivy, Stanford or MIT (all of which have great aid).

Try the NPC at (in no particular order) Pomona, Claremont-McKenna, Pitzer, Vassar, Bates, Rice, Colby, Kenyon, Oberlin, Hamilton, Grinnell, Carleton, Tulane, Vanderbilt, Emory, Duke, Davidson, Wake Forest, Lafayette, Pepperdine. [/quote]

Thanks - I also should have clarified that I was particularly interested in schools like Rice and also Colby (which a PP pointed out in a previous post and you noted above) that are particularly generous to donut hole families. These schools actively promote their generous financial aid policies to families who earn $200k or so. I was interested if there were other top schools that have this policy. While I do know ivies may offer this, we are not targeting that level of school.[/quote]

OP - the reason that Rice and Colby stand out is because they are the only selective private colleges that have made this commitment.

There aren’t any others. It may be the start of a trend. There is no way to get around spending a few hours with the NPcs. Just because a college hasn’t  announced a policy the Wayne rice did doesn’t mean they aren’t doing the same thing.

FWIW my DC was accepted to both Rice and Grinnell for fall 2019. Our income is $180K and we support DHs parents 100%. Grinnell offered $15,000 more in FA than Rice did, despite what Rice’s ‘donut hole’ commitment implies. In our case the NPCs were about the same and I called the FA offices before DC applies. I explained the elderly parent issue and they both assured me it would be “factored in” and we should send additional documentation.

[/quote]

Op - I appreciate your sharing your experience. And that's very interesting about how the FA panned out with Grinnell vs. Rice. I've definitely been running the NPCs on colleges that we're interested in. I was just curious of there were some other colleges out there that had the same philosophy as Rice that we may have overlooked.[/quote]

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