Category: Financial Aid
In addition to navigating the college admissions cycle, students and families need to prepare for the cost of college and understand the financial aid process. Applying for financial aid is a multi-step process, and the financial aspect of college life can be significant. So, it’s worth learning as much as you can about different financial aid programs.
For most students, financial aid is an important part of the college admissions process. You will likely complete a Free Application for Federal Student Aid (FAFSA), which is useful for receiving need-based financial aid, but that isn’t your only option. There are countless merit scholarships available if you take the time to seek them out.
Let’s look at how to find and apply for merit scholarships.
Figuring out the college admissions and financial aid processes can be stressful and complicated for both students and parents. It can be especially difficult if you’re afraid your financial situation puts a college education out of reach. After all, some schools take financial aid needs into consideration when evaluating applicants.
However, many colleges offer “need-blind” admissions that give students from all economic backgrounds a chance to further their education. In this article, we’ll explore what need-blind admissions means and how it may impact your chances of admission.What Are Need-Blind Admissions?
What does it mean when a college has a need-blind admission policy? It means that the student’s ability to pay tuition is not factored into the college’s admission decision. Need-blind schools typically admit more students who need financial aid than colleges that don’t have this policy. However, some schools have limits to this policy and may not offer need-blind admissions to transfer or international students.What Is the Difference Between Need-Blind and Need-Based?
As we explained, a need-blind admissions policy means that a student’s financial need won’t put them at a disadvantage in the admissions process. Need-based refers to a type
Scholarships are a win-win: students can help reduce the costs associated with attending college while also adding to their resumes. As an added bonus, the vast array of different scholarship options out there means there is truly an opportunity for every student.
While the application process will vary depending on the scholarship you are pursuing, there are some tried and true tips that can help students stand out from the pack. Keep reading to learn more about what it takes to craft a compelling scholarship application.
By IvyWise Master Admissions Counselor, Nat
In addition to navigating the college admissions cycle, students and families need to prepare for the costs of college and understand the financial aid process. Much like admissions, there are a few steps that go into applying for financial aid, and it’s important that students understand every component of the process.
It may sound daunting, but it’s important for parents to discuss college costs and budgeting as part of the college search process . College is an investment and in order to feel confident and excited about your student’s educational choice, your entire family needs to be on the same page financially.