Anonymous wrote:My kids applied to many CTCL colleges in the Midwest and the Pacific Northwest. Every single one of the CTCLs offered about 50 percent off. These were merit scholarships. By contrast, the NESCACs offered no aid at all, which was fair since both spouses worked and the family had enough money to pay full tuition. We ended up with a NESCAC student and a CTCL student. (My kids actually preferred many CTCLs to many NESCACs due to location, vibe, etc )
Anonymous wrote:HS class of 23
Lehigh-$30.6K ($51K COA)
CWRU-$30K ($56K COA)
BU-$28.5K ($61K COA)
UMN-$25K ($31K COA)
Ohio St.-$16.5K ($45K COA)
UMD-$10K ($47K COA) ATTENDING
Anonymous wrote:George Washington, 20K merit aid a year, guaranteed for 5 years or until graduation. We were not eligible for financial aid.
DS did indeed go to GW. The merit aid was one but not the only factor in choosing the Elliott School of International Affairs over W&M's International Affairs dual degree programme with St Andrews. With merit aid, it made the two equally expensive. DS found GW had more courses to choose from and a study program at Sciences Po in Paris (specializing in his major, which he really wanted). He visited W&M's Admitted Student Day and was a little turned off by the vibe, and preferred GW's urban campus, which clinched it.
Anonymous wrote:
Alabama seems to be following that formula. Their honors program is trying to buy high stat kids for what sounds like a pretty good program.
This is unusual because state schools generally have all fallen (especially in the rust belt with places like Michigan, UIUC and Wisconsin.
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The average discount rate in the 2024–25 academic year was 56.3 percent for first-time, full-time undergraduates at private colleges and 51.4 percent for all undergraduates, according to an annual study commissioned by the National Association of College and University Business Officers. That means that for every dollar of undergraduate tuition, private nonprofit colleges kicked in 56 cents in grant aid for first-time undergraduates and 51 cents to all undergraduates who received institutional grant aid.
The rate for first-time, full-time undergraduates ticked up two percentage points compared to the 2023–24 academic year, while the rate for all undergraduates increased by about one percentage point. In all, 286 private nonprofit institutions participated in the NACUBO Tuition Discounting Study.
As the study noted, discounting strategies are often “used to attract or retain students who are unable or unwilling to pay” full tuition and fees, or what is commonly known as “sticker price.” Although lawmakers and others point to the sticker price as a reflection of the cost of college, the practice of tuition discounting muddies the waters and makes it difficult to know what students are actually paying. The study focused only on private nonprofit institutions, explaining, “Public institutions also award institutional grants. However, private nonprofit institutions and public colleges and universities are built on fundamentally different revenue models, so their discounting practices cannot be compared fairly.”
More than 83 percent of students received some institutional grant aid, according to NACUBO. Among first-time, full-time undergraduates, that number was just under 90 percent.
Anonymous wrote:Anonymous wrote:UMD full ride BK scholarship. Is full pay at Harvard.
Curious: was that a hard decision to make?
Anonymous wrote:Which school offered the best financial aid package to your student?
Did your child attend or decline the offer?
Anonymous wrote:
Is this the amount of aid you would receive or is this the cost of attendance?
Anonymous wrote:Anonymous wrote:My kids applied to many CTCL colleges in the Midwest and the Pacific Northwest. Every single one of the CTCLs offered about 50 percent off. These were merit scholarships. By contrast, the NESCACs offered no aid at all, which was fair since both spouses worked and the family had enough money to pay full tuition. We ended up with a NESCAC student and a CTCL student. (My kids actually preferred many CTCLs to many NESCACs due to location, vibe, etc )
The CTCL schools give merit to everyone, with many giving the 50% figure you mention.
At some point maybe they will just drop the COA by 50% beciause the rack rate is scaring people off.