Professor A's
Guidance on Financial Aid
Funny Money
Use
Yahoo School
Search to print out the financial aid data of
schools you are considering.
Be sure to compare comprehensive fees with average
need and non-need based gifts plus need-based loans.
This is the amount you will have to finance through state loans Pell
grants.
Here is a comparison of how my
former employer, Franklin Pierce College and my alma Mata, Marietta College, use
financial aid to attract students.
25% of students from households earning $100,000 or more
now attend community colleges, up from 12% five years ago.
This example was Researched a Few Years Ago. My
guess is that both schools discount tuition about 30%.
Search
guidestar.org for a free IRS 990 nonprofit tax return.
Sample Data is a little old but still appropriate. E-mail
Professor A
if you update either college. |
Franklin Pierce
College |
Marietta
College |
FPC's first
Offer |
Marietta's first
offer |
Comprehensive Fees |
$30,165 |
$26,838 |
|
|
Average Loans |
4,802 |
3,258 |
|
|
Average need-based gifts and non-need-based gifts
Students the college wants fall into one of these two categories.
For many colleges, the money for these funds comes from students the college
isn't crazy about but can pay the full bill. These students do not receive
college aid. Colleges pay a lot of money to consultants that design a
financial aid program specific to their audience. |
11,000 |
6,300 |
|
|
Sub Total |
15,802 |
9,558 |
|
|
Annual family contribution |
14,363 |
17,280 |
|
|
Four year family contribution |
57,452 |
69,120 |
|
|
Average debt upon graduation
reported by graduates |
20,815 |
17,643 |
|
|
Marietta College
requires a larger contribution but their graduates have a smaller debts.
Students attending Marietta have the ability to contributes a little more.
My debt upon graduating from Marietta College in 1966 was $3,000, about one
half of my first years teaching salary. |
|
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A's scholarship guidance
plus other good stuff. |