The Truth About Scholarships

hand grabbing stack of coins representing private scholarships

(This was originally posted on DIYCollegeRankings.com) There are two major delusions/misconceptions about paying for college that too many parents have. The first is that by not saving for college, parents claim this will make their kids eligible for more financial…

2 little kids reading about preferential financial aid

What does it mean? Preferential financial aid describes a financial aid package that indicates the college really wants the students to attend. These packages provide a combination of financial aid that minimizes self-help aid such as loans and while maximizing…

hand sticking out of water representing needing help with FAFSA

(This post originally appeared on DIYCollegeRankings.com) In case you haven’t heard, the Free Application for Federal Student Aid (FAFSA) became available on October 1st this year. That means that it’s time for high school seniors to fill out the FAFSA.…

2 little kids reading about net price calculators

What does it mean? Colleges provide Net Price Calculators (NPC) so that students can estimate their cost of attendance based on their financial status. Colleges are required to provide an estimate based on the what other students have paid with…

Two little kids reading about need blind admissons

What does it mean? Need-blind admissions means that a colleges does not take into consideration students’ financial aid status when making admission decisions. This is the opposite of need-aware admissions where a college does consider students’ financial need as part…

college student holding money representing colleges that meet 100% of need

As families start to encounter sticker prices during their college search, they are often revived from their state of shock by soothing voices whispering, “it’s ok, it doesn’t include financial aid.” Students and their parents learn the conventional wisdom that…