What is financial aid gapping?
What does it mean? When students submit their financial aid application, they receive a number they are expected to pay called the Expected Family Contribution (EFC). When you subtract the EFC from the total cost of attendance for a specific college, the amount left over is considered the student’s financial need. If a college’s financial… Continue reading
Who Decides What are the Best and Most Interesting Colleges?
I was recently working on a custom list of colleges and the client was “confused” as to why two colleges were on the list, McDaniel College and Valparaiso University. She couldn’t find them listed in her Fiske Guide and so had no idea why we had selected the colleges. My problem isn’t with the client… Continue reading
What is merit aid?
What does it mean? Merit aid is a type of college financial aid. Colleges provide merit aid as an incentive for select students to attend their institution. Generally, these students have academic qualifications that would contribute to raising the college’s academic profile. Often students do not even have to apply for institutional merit scholarships.… Continue reading
Why Your College Search Should Start with Your State University
The college search process and figuring out how to pay for it can be confusing and intimidating so it’s not surprising that many families don’t even know where to start. For most people, the obvious place to start is with their state public universities. The logic is simple, private schools are going to be more… Continue reading
What is average net price?
What does it mean? Average Net Price is a term defined by the federal government which is the average amount students paid to attend a college after deducting gift aid. According to CollegeNavigator, the college search website for the National Center for Education Statistics, Average net price is generated by subtracting the average amount of… Continue reading