Costs Archives - Page 3 of 14 - Do It Yourself College Rankings

362 Colleges Awarding an Average $20,000+ Grants/Scholarships to Freshman

Opening treasure chest representing colleges where the average grant os over $20,000(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:

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5 Ways to Get Smart About Financial Aid Letters

Person trying to understand financial aid award letterAfter diligently reporting their families’ financial information as accurately as possible in the FAFSA under the threat of a $20,000 fine and/or prison, high school seniors are anxiously waiting to receive their financial aid letters. Now, even though each student’s family situation is different, applicants all completed a standard form for financial aid. Major financial factors such as loss of job or health issues have to be addressed in a separate letter to the financial aid office.

So why will the student probably receive financial aid letters in as many formats as colleges applied to and often designed to deliberately mislead families on how much money they will have to pay?

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7 Things You Need to Know When Looking for Private Scholarships

A maze with money showing difficulty in finding college scholarshipsWith all of the college scholarship search websites available, it would seem that getting a private scholarship to pay for school has never been easier. Unigo’s scholarship match offers to match students to 3.6 million college scholarships worth over $14 billion. And Scholarships.com tells you that there are over 3.7 million scholarships worth $19 billion just waiting for you. How hard can it be to get a scholarship?

Actually, the truth is that the internet has made it easy to find out about numerous private scholarships students might qualify for. The student still has to apply for the scholarship and is competing with all of the other students who used the same search websites to find the scholarship.

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7 Ways to Compare Colleges

couple sitting on sofa reading about the 7 ways to compare collegesIf you have kids old enough for you to be thinking about the college admissions process and how you’ll pay for it, you also need to be thinking about how you’re going to compare the colleges. Because the fact is that you’re going to be comparing lots of colleges, the sooner the better. You’re going to compare colleges when you decide which colleges to visit, which admissions reps to talk to at the college fair, which colleges to apply to, and which one to ultimately attend. So take this opportunity to consider the various ways you can actually compare colleges and their relative worth to your family’s situation.

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3 Reasons Why Your Kid’s Good Grades Won’t Pay for College

apple and chalkboard representing good grades won't get you a great scholarshipMost people know that good grades will get you into college. And maybe if they’re good enough (along with an appropriate essay and the right extracurriculars and recommendations), they might get you into your dream or reach college. But while good grades may get you into college, chances are they won’t pay for it. This often comes as a surprise to students and their families but it really shouldn’t. There are 3 common situations where students aren’t going to qualify for enough academic scholarships to pay for college.

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5 Rules About Paying for College That Most Parents Don’t Know

Woman reading about paying for college (Updated for 2020) If you want to get any financial aid, you need to submit college financial aid applications such as the FAFSA and PROFILE. This is obviously a critical step: no application, no aid. But if you want to pay less for college, it certainly isn’t the first step.

The fact is that the FAFSA is just one of the final steps of many in paying for college. I’m not talking about the savings account you were going to set up for your kids when they were little but never got around to. What I’m talking about are the things you need to know before students even start applying to colleges. Before you even start making a college search list, much less worry about completing the FAFSA, you should know the following five things about paying for college.

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Public Universities with Cheapest Out-of-State Tuition

pocket with money representing saving at colleges with low out-of-state tuition(I’ve updated this post with information available from the Integrated Postsecondary Education Data System in the January 2020) Back when I was a freshman attending a rather large state university in Austin, Texas, I ran into quite a few students (relatively speaking) from the state of New York. They told me that they were attending college in Texas because our out-of-state tuition was cheaper than their in-state tuition. I only saw them that one year because the following year, the legislature raised out-of-state tuition and Texas was no longer as appealing to New Yorkers as it once was.

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Maybe You Can Get Money From a College You’ve Never Applied To

Student happy about paying less for college using TuitionFit

When talking to people about paying for college, one of my mantras is that you can’t get money from a college you’ve never applied to. Well, that’s changing with a new app called TuitionFit. TuitionFit is an absolute game changer in the college money arena and every family needs to know about it. Because if you use TuitionFit, you just could get money from a college you’ve never applied to.

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20 Schools to Avoid if You’re Making a List of Affordable Colleges

college student thinking about Schools to Avoid if You’re Making a List of Affordable CollegesIn case you haven’t heard, some colleges are more likely to provide you institutional scholarships and grants than others. Some are more generous with merit aid while others give better need-based aid. And just as some colleges are known for their aid, there are those that are known for the lack of it. In this post, I’m listing 20 colleges that you should avoid if you’re looking for significant help in cutting the cost of college.

It doesn’t help that these schools start off expensive. All of these schools had a total cost of attendance of $60,000 or more for 2018-19. A total of 13 were actually above $70,000.

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