How can I help my child pay for college?
If affordability is high on your value list, the good news is that there are ways to attend college without depleting savings or taking on exorbitant amounts of debt. First, don’t get caught up with the rankings. There are still many gems that may not be household names, but which provide a high quality education and offer money to students they hope to attract. Many people are often surprised to learn that only a handful of highly selective schools do not offer some form of merit aid.
Most schools use a portion of their financial aid resources to shape each class, hoping to entice students to attend who will help the college meet its enrollment objectives. If your son or daughter is not a straight ‘A’ student or did not ace the standardized test, do not despair. Not all schools are hoping to draw the super high academic achievers. That is why it is important to research the colleges to understand each school’s objective, its typical applicant, and how your child might compare. Students who are most honest with themselves about their true strengths and talents, and who are willing to research multiple options are most likely to uncover affordable opportunities that might not otherwise have been discovered.