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Financial Aid 101 - Scholarships
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Financial Aid 101 - Scholarships

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College Parents of America brings you information regarding how to prepare for and maximize your family's college experience.

College Parents of America brings you information regarding how to prepare for and maximize your family's college experience.

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  • 1. Financial Aid 101- Scholarships
  • 2. How do I pay for college?
    • $16,141 average, in state, 4-year public universities
    • 3. $28,130 average, out of state, 4-year public universities
    • 4. $36,993 average, 4-year private universities
    EVERY YEAR!!
    Source: The College Board, Annual Survey of Colleges, 2010
  • 5. It could be an academic scholarship, an athletic scholarship, a music or artistic scholarship, a scholarship available to a particular ethnic group or to students from particular areas of the country or entering a particular major.
    Financial Aid 101 – Scholarships
    Things you should know about Scholarships:
    • A scholarship is a type of grant or gift aid. 
    • 6. It is often based on merit, or given to particular categories of students. 
    • 7. Scholarships may also come from community groups or corporations. 
    • 8. There may be restrictions and/or expectations that your student maintain good academic standing in order to continue to receive scholarships. 
    • 9. Scholarship aid does not need to be repaid.
  • Financial Aid 101 – Scholarships
    How does a private scholarship affect my student’s
    financial aid?
    • Generally the private organization will send the scholarship money directly to your student’s college. The college cashes the check and lowers their aid offer to the student on a dollar-for-dollar basis.
    • 10. TuitionCoach outlines some approaches to making outside scholarships more useful for students and parents in "Negotiating Tips for Financial Aid“.
  • You have questions, we have answers!
    Join
    College Parents of America and get more tips and advice on:
    How and why to help your student create a budget;
    What’s the latest change on FAFSA;
    What is federal work study; and Much More…
    For more information, please contact us the following ways:
    www.CollegeParents.org
    888-761-6702

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