(Updated for 2020) For real. There are 362 colleges where the average institutional grant/merit scholarship is over $20,000. What’s the catch? There are only 250 schools where 90% or more of freshmen receive institutional grants. Surprisingly enough, there are only 26 schools where 50% or fewer of freshmen receive an institutional grant of $20,000 or more.
If at least 90% of freshmen are receiving institutional grants at 250 schools, that means a significant number are receiving merit scholarships. So wouldn’t they be worth looking into if you’re interested in cutting the cost of college? If you did, you would learn the following: