Family Friendly Schools – Where are They?

, , , ,

Would you be interested in finding affordable schools?

Do you have any idea how to identify “financially friendly” institutions?

Don’t focus on schools that provide the largest aid packages.

Look for schools offering the greatest reduction in the cost-of-attendance – those that meet the largest percentage of financial need, those whose graduating seniors bear the lowest amounts of student debt, and those that award the largest amounts of merit aid.

When researching schools, be sure to answer as many of these questions as possible:

  1. What percentage of students have their need fully met?
  2. What percentage of students receive gift aid, both need-based and merit-based? How much?
  3. What percentage of students received loans and work-study awards? What was the average amount of that aid?
  4. What is the average indebtedness of recent graduates?
  5. What are the number and types of non-need awards?
  6. What is the percentage of students graduating within four years?
  7. Does the school reduce gift aid after freshman year?

The closer your GPA and test scores are to the top GPAs and test scores of the most recent freshman class, the more likely you are to receive a generous aid award.  Just don’t get your heart set on any particular school.

Instead, be sure to have a number of schools to which you’d be comfortable attending. Finally, look for other factors that may impact your financial aid award. Those include:

  1. How do they handle private scholarships and grants? Will they reduce unmet need and loans, will they reduce gift aid, or will it be a combination?
  2. How large are their endowment funds? The stronger the endowment, the greater the likelihood of a generous award package.
  3. Does the school limit or eliminate student loans. Some schools do so.

In any event, if you haven’t started your family’s college planning campaign, there’s no better time than now.

Contact our Professional College Planners to schedule the first meeting of your family’s campaign!

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *