Category Archives: Merit-based Aid

College Prep by Grade

I gave a financial aid talk to college and career center volunteers at our high school recently. One question stood out: “This is a lot of information to absorb at once. Can you break it down into some specific suggestions by grade?” Two ideas are important here: College planning is a process that should start well before senior year, and there are things that can be done at any point to make things go more smoothly when the time comes to start applying. So here goes. Continue reading College Prep by Grade

EFC, Net Cost and Aid Packaging

Step 1 in figuring out how to pay for college is estimating your EFC. You can use the FAFSA4caster, or the more detailed EFC Formula Guide (note that’s for 2018-2019; the 2019-2020 version should be released this month). But EFC is just a starting point: schools aren’t required to meet your need, and they certainly aren’t required to meet it through gift aid. That’s why net cost and aid packaging are important concepts to understand. Continue reading EFC, Net Cost and Aid Packaging

Application Deadlines

I just returned from a cross-country trip to visit colleges with my daughter, who’s a rising senior. It was a great trip– informative and enlightening, plus a wonderful opportunity to spend some quality time with her. We visited so many schools we joked that we should have made tour t-shirts– seven “official” tours and two visits on our own. According to my phone, we averaged over 6 miles walking and 19,000 steps each day of the trip. That Continue reading Application Deadlines

EFC vs Net Cost

Families who are a few years out from college should calculate their EFC, but as college approaches and students start identifying schools they’re interested in, net price calculators become far more valuable. There can be vast differences between EFC and net price, and even significant school-to-school differences in net price due to different aid policies. Continue reading EFC vs Net Cost

Finding Scholarships

Did you know you can get a scholarship just for being enthusiastic about the number 5? Or for being tall? Or well-rounded? Or wearing a dress made from Duck Tape to prom? While the vast majority of scholarship dollars on any college campus come from the school’s own funds and donors, there are plenty of other scholarships out there for students willing to track them down and apply. Summer– when school-related writing is on hiatus– is a great time to apply for outside scholarships. Here are some of the best ways to find them: Continue reading Finding Scholarships

Scholarships and Why You Still Need to Save

According to the College Board, about 2/3 of college students receive some form of scholarship or grant. And the NCAA doles out more than $2.9 billion in scholarships annually. Many parents see numbers like those, look at their own children’s awesomeness, and say, “We’ve got this.” But breaking down those numbers shows that you will still pay quite a bit for college and therefore probably need to save. Continue reading Scholarships and Why You Still Need to Save