As a parent with three children, I know how hard it is to save enough to pay for all your children's college costs. Even the most diligent of parents, who started saving when their children were born and put money away on a regular basis, aren't likely to have enough college savings to cover all 4 years of college.
Most families will face a gap in what they have saved and what college costs. And if you're a family unlikely to receive needs based aid, you're best option for finding FREE money is through merit scholarships.
Last year, the average tuition discount was 56.3% from list price. The graph above shows the increase in the average discount rate over the past 10 years. Unless your student is attending a very selective college, which only offers needs based aid, you should be able to find a school offering a tuition discount (or merit scholarship) to reduce your student's cost to attend. (If you haven't already, download our updated sampling of most generous colleges.)
I was in your situation last year, when my second child was applying to college and we would have two in college at the same time. As a former financial services executive, I'm familiar with personal finances, feel comfortable with numbers, and make sure I'm educated before making big decisions. I knew one of my top strategies for covering college costs, was to find colleges where my daughter was likely to receive merit scholarships.
So, I'd like to share my knowledge and resources with you. We're offering a masterclass showing step by step how you can find colleges more likely to offer your student merit scholarships. Join us!!
How To Find Merit Scholarships Tuesday, November 14th at 8:30pm EST
(If you can't make the webinar live, a recorded will be sent to all who register.)
In this webinar, we’ll show you how to do the research to uncover the colleges that can be more generous to your student. We’ll help you answer the following questions…. - How can you determine a college’s generosity before your student applies?
- What schools are likely to give your student the most merit scholarships?
- What is the Common Data Set and how can it help in your college search research?
- What are full ride and full tuition scholarships?
- Do only high achieving students receive merit scholarships?
- Do colleges offer better merit scholarships for freshman vs. upperclassmen?
In my daughter's case, she was accepted to the first 3 schools she applied to and received merit scholarships from each one, ranging from $5k to $30k per year. Done!
I hope to see you Tuesday, |
