10 Sep 2010 @ 11:00 AM 
 

How To Take Stock Of Your Student’s “Marketability” With The College – College Financial Aid

 

When deciding which students to accept and which ones to reject, it all comes down to how much the colleges want your student to come to their school. They make their determinations in the end based on one thing: the strength of the application. And the two things that carry the most weight in the application are: your student’s academic record and his standardized test scores. (Don’t get me wrong, they look at the whole picture, but those two items get the most attention).

Colleges, in the end, have only your student’s application and his or her “stats” to make a decision whether to accept or reject your child; and, if they allow your student to come, to decide how much of their money they are willing to risk on any given student. The better the student, the better the “risk;” therefore, the better the money.

From a college’s perspective, they may admit a borderline student; but, it doesn’t mean they want to necessarily give that student a lot of financial aid to help them pay the bill.

This grant is geared to help low-income families get a college education in just a few years. Another excellent grant that is now available is through the Obama administration which allows mothers to go to school and receive several thousand more dollars to earn their college degree. Here are a few ways that you can qualify for either of these two programs.

I’ve seen this play out with my clients again and again. However, the best example of better standardized test scores getting better money occurred a couple of years ago when I worked with two young ladies who attended the same private prep school. (They were best friends, planning on applying to and attending the same colleges — these two were like sisters and absolutely delightful!)

At any rate, young lady number one had a 3.5 GPA and an 1150 Reading/Math score on the SAT.
Young lady number two had a 3.58 GPA and a 1200 Reading/Math score on the SAT.
When the financial aid awards arrived from the colleges, the results were telling:
Young lady number one was awarded a $5000 merit scholarship.
Young lady number two was awarded a $9000 merit scholarship from the same school.

8 hundredths of a point in GPA and 50 points higher on the SAT resulted in $4000 MORE in merit-based financial aid. BUT, it didn’t end there… both scholarships were guaranteed for four years providing the girls maintained certain GPAs (which were completely realistic).
Both families were delighted to be on track to save money on the college bill. Number One and her family were looking at saving at least $20,000 on her college education. But, Number Two was on track to save at least $36,000.

The other program that is available is through the new stimulus package courtesy of the Obama administration which will allow single moms to earn up to $10,000 in free grant money for their college education. To qualify you must have an economic need and be willing to apply yourself to a two-year program to earn a degree through an online university.

Both of these programs are attainable, but you must apply for each program independently in order to see if you qualify for either grant for college. The choice is yours. Both of these are available today

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Categories: Trade Schools
Posted By: admin
Last Edit: 10 Sep 2010 @ 11 00 AM

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