How Your Teen Can Clinch a Merit Based Scholarship

How Your Teen Can Clinch a Merit Based Scholarship

According to MONEY Magazine, 3 Ways to Get More College Merit Aid, the percentage of students receiving merit aid has tripled in the past 20 years. In 2014-15, approximately two-thirds of full-time students paid for college with grants and scholarships. Approximately 57 percent of financial aid dollars awarded to undergraduates was in the form of grants. They tend to be more available at private schools. State schools do not typically offer merit scholarships. According to the MONEY Magazine's List of The 46 Best Colleges for Getting Big Merit Scholarships, only about 9% received scholarships. A few exceptions are making the effort to use merit scholarships to lure more out-of-state students, i.e., Alabama, North Dakota and South Carolina. Colleges that typically have a 20% acceptance rate have only 7% receiving merit aid. At schools where at least a third of their students received merit aid, the average acceptance rate was 61%. Ultimately, it's usually the lesser known schools that offer the most merit grant money....
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How to Select the ‘Right’ School for Your Teen

How to Select the ‘Right’ School for Your Teen

Your teen has an amazing academic profile as well as the necessary other factors considered for admission– strong counselor/teacher recommendations, great extracurriculars, stellar athletics – all that will ensure your student will be a standout to those admissions officers. Your teen gets not one, but several acceptance letters from the schools he or she is wanting to attend. Congratulations! But now comes the other challenge – choosing the ‘right’ school. What also should be considered at this point besides the fact that your teen ‘feels’ that this college is the one? The real question is: How can you ensure that your student will graduate? Wrap your mind around these statistics: 34% don’t complete freshmen year 60% of college freshmen do not graduate in four years 95% of those students that attend very select schools graduate in 6 years 27% of college graduates have jobs in their closely related to their major 62% had jobs that did not require a college degree Why do some colleges...
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