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College and University Discussion
Reply to "Best strategy to pay college for 3 kids"
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[quote=Anonymous]The $2500 is only the scholarship given by the NMSC corporation. There are dozens of universities which offer full rides to National Merit Finalists. They are university scholarships, not funded by the National Merit Corporation. [quote=Anonymous][quote=Anonymous]Another option which is a longer shot - scholarships. Especially the National Merit Scholarships. If your kids are decent test takers and do pretty well at standardized tests, I think it’s worth it to do extra prep before taking the PSAT in junior year. Take a look at what they’d need. Of course you have to be okay with the schools that give full rides to National Merit Semifinalists and Finalists. It’s not the T50. But it’s also no debt. Start looking at schools and prices and set a budget and expectations. They don’t have to go to an expensive school or out of state or live in a dorm. Have your kids part of the process and apply for scholarships as well.[/quote] I thought NMS scholarships were like only $2,500 tops. Not even a dent in a $40-85K tuition. They are as follows: [b]National Merit Scholarships: $2,500 toward freshman year only[/b]. Corporate-sponsored Merit Scholarship awards: These are four-year renewable awards that range from $500 to $2,000 per year.[/quote][/quote]
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