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
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
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
Why You Should Consider Going to a Small College
Simple-there are more of them. By considering a small college, you’ve just increased your possible college options by two thirds. There are a lot more small colleges than larger colleges. This has nothing to do with which are “better.” This has everything to do with paying less for college and the basics of supply and… Continue reading
What is the PROFILE financial aid form?
What does it mean? The PROFILE’s full name is actually the CSS/Financial Aid PROFILE. The CSS stands for College Scholarship Service. It is a financial aid application administered by the College Board for non-federal financial aid. There are around 200 four-year undergraduate programs that use the PROFILE to award financial aid. Students who apply to… Continue reading