simple ways-to-save-money
TRANSCRIPT
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LYNN O’SHAUGHNESSY
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Federal
governmentEmployers
Private
scholarships
State governmentsColleges
40%
35% 11%
7%
6%
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EFC Calculators:
College Board
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$55,000
$15,000
2 parents, 1 college freshman,
12-yr. sister
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Parents
Contribution
for Students
Student’s
Contribution
Federal
Methodology
(FM) Results
Institutional
Methodology
(IM) Results
Total Estimated
IM Contribution
$5,128
$0 $1,800
$3,880
$5,128 $5,680
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$150,000
$100,000
2 parents, 1 college freshman,
12-yr. sister
$150,000
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Parents
Contribution
for Students
Student’s
Contribution
Institutional
Methodology
(IM) Results
Total Estimated
IM Contribution
$32,031
$100 $1,925
$25,880
$27,805
Federal
Methodology
(FM) Results
$32,131
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Parents
Contribution
for Students
Student’s
Contribution
Federal
Methodology
(FM) Results
Institutional
Methodology
(IM) Results
Total Estimated
IM Contribution
$17,263
$100 $1,925
$17,432
$17,363 $19,357
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income qualifies for full
< $24,000
$5,730grant
Pell Grant: Biggest Federal Grant
Low-middle income families eligible
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FAMILY SIZE INCOME CEILING
Find Financial Aid Links for 50 States:
Nat. Assn. of Student Financial Aid Administrators
$78,500
$80,400
$87,400
$93,700
$101,000
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Things to Know:
Financial aid trap for those who need $.
Scholarship search engines mediocre.
Local scholarships usually aren’t in databases.
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Schools that cut price for top non-residents:
University of
Washington
University of
Arizona
Arizona State
University
University of
Colorado
Indiana
University
University of
Michigan
University of
North Carolina
University of
Maryland
University of
Connecticut
University of
Vermont
Ohio State
University
University of
Missouri
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University
Total Price
In-State
Students
Total Price
Out-of-State
Students
University of Michigan-Ann Arbor
University of Virginia-Main Campus
University of Colorado Boulder
College of William and Mary
The University of Texas at Austin
University of Vermont
Miami University-Oxford
Pennsylvania State University-Main Campus
$26,834
$27,126
$30,025
$31,175
$26,324
$29,694
$29,423
$34,506
$55,254
$56,312
$52,387
$52,879
$51,248
$51,342
$45,520
$47,456
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SUNY Schools in NY
University of Minnesota
U. Of Minnesota Rochester
Western Washington U.
University of Arkansas
University of Utah
Southern Oregon University
University of Missouri
University of New Mexico
Look for honors colleges at state schools
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These Schools Enjoy High College Rankings
Swarthmore
Reed
Dartmouth
Haverford
Williams
Harvard
Pomona
Cal Tech
Penn
Wellesley
Princeton
Brown
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University of Northwestern
Johns Hopkins University
Carleton College
University of Notre Dame
Boston College
Wellesley College
University of Chicago
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USC
Northeastern University
Tulane University
University of Portland
Mount Holyoke College
Beloit College
Villanova University
$20,752
$20,784
$22,360
$15,313
$15,720
$19,080
$10,145
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Pomona
% Aid Average Grant
Stanford
Harvey Mudd
USC
University of Redlands
Willamette University
CalArts
Cal Lutheran University
Point Loma Nazarene
100%
100%
100%
100%
87%
86%
71%
70%
$44,703
$40,395
$39,016
$30,707
$30,331
$26,888
$16,442
$22,600
64% $15,823
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NYU
Drexel
Santa Clara University
Emerson
Texas Christian
Loyola Marymount
University of San Diego
Pace University
Fordham University
Chapman
Chapman
59%
61%
74%
67%
68%
67%
72%
81%
73%
79%
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Interior West, Midwest, South, Mid-Atlantic
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Number of
players
Scholarships
Men’s football Woman’s track
Average
value
1,000,000
<15,000 9,640
$17,551 $14,690
603,000
Another money source: Division III
Great site for odds of athletic scholarships: ScholarshipStats.com
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Net price calculators provide a
personal estimate of what a family
will pay for one year in college.
COST OF SCHOOL
- SCHOLARSHIPS/GRANTS
NET PRICE
Where to Find Net Price
Calculators?
Every school must offer a net price
calculator for freshmen on its website.
Easiest way to find a calculator is through
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LYNN O’SHAUGHNESSY
THECOLLEGESOLUTION.COM