Reply to Has your kid or any kid you know won a full-ride scholarship to an elite college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I know a kid who had all 4 years at MIT paid in full by the Gates Foundation.  He is a prodigy from a working class house, African American. I am not sure what you are looking for but it was an academic scholarship (not sure if need had any role maybe it did) and MIT is certainly elite. [/quote]

MIT Is need-blind and meet-full-need, so need was the first factor in determining financial aid.

I’ve posted a number of times on this point, and I want to clarify: this isn’t to suggest that students who get need-based FA don’t earn it or don’t have merit. Quite the opposite: the reason schools choose to be need-blind and meet-full-need is to ensure that high-achieving students without financial resources are able to attend elite schools. The schools are saying that if you are able to get admitted, we’re going to make sure you can attend. This applies to middle-class students, as well; they just don’t get as much aid, as (again) the amount of aid awarded is based on need.[/quote]
This is correct.

Note that often, questions about scholarships come from families not eligible for (enough, or any) need-based aid.  Accordingly, the distinction between need-based aid and merit scholarships is important.[/quote]

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