Reply to Did anyone get more than $30K in merit aid at private college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, DC did - $100,000 over four years but I'd rather not say where.  One  of the little known secrets is that College Board and ACT sell their scores.  So if your child scores very high and has listed some qualities that a particular school wants (on the questions starting at the top of the tests), then schools can buy the lists and solicit.  DC participated in well known leadership program during the summer so received unsolicited offers from military academies.  I'm assuming that list was purchased or newspapers were just scanned.  DC scored extremely well on the ACT so has been receiving "pre-application" offers of scholarships.  But they are not from schools DC wants to attend.  The schools either need the high ACT scores to boost their ratings on the US News & World Report or they need males or they need minorities, etc.  
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[b]OP here. $100K over four years will not meet our budget at a private college. Most cost $60K or more now, even the relatively small, not very selective ones. [/quote]
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Oh, I am sorry.  :roll: [/quote]

OP, if that's the case, and you have no savings set aside, apply only where you know that school awards large merit scholarships like the one described above, resolve to have your child take on student loans OR have you child go local community college for two years and then transfer in-state if your state has such a system.  California and VA have excellent programs.  You pay only per unit for the course in the community college and your child can live at home.  If they meet the criteria for the shift in junior year, then they can go off to an in-state university.   That's the only way I see you doing four years on $60K if you won't do loans.  BTW, something else you need to factor in is that more than 50% of our nation's college students are not completing college in four years anymore - it's more like five or six years.  The Wash. Post did a story on this within the last year.  So unless your kid is very motivated and organized, DC may not be finishing in four years.  Our DC takes summer courses at his university to fill in the required courses he couldn't get into during the school years.  Most schools will try to work with you after you've filed the FAFSA to find a loan, grant, work-study package that works for you.[/quote]

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