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1 Alpharetta High School October 10, 2012 Paying for College.

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Presentation on theme: "1 Alpharetta High School October 10, 2012 Paying for College."— Presentation transcript:

1 1 Alpharetta High School October 10, 2012 Paying for College

2 2 Agenda Introduction Difference between Need-based and Merit- based Aid Sources of College Scholarships How Your Student Can Increase Their Scholarship Opportunities Scholarship Resources

3 3 Introduction

4 4 About Me Educational Consultant in Atlanta since 2003 Certified Educational Planner since 2010 Certificate in college counseling from UCLA in 2006 Chartered Financial Analyst Member of the NACAC, SACAC, IECA, HECA, the American Institute of Certified Educational Planners and the Chartered Financial Analyst Institute Serves on Board of Directors & as treasurer of HECA

5 5 Need-Based Aid

6 6 FAFSA is completed EFC is determined Can include grants, loans and work- study programs CSS Profile Can be found at

7 7 Merit-Based Aid

8 8 Is usually awarded on basis of merit Academic Athletic Artistic Some colleges require FAFSA be completed

9 9 Sources of College Scholarships and Grants

10 10 College Financial Aid

11 11 Factors to Consider: Each colleges financial aid policy differs Does college offer need-based and merit- based aid? How generous is the colleges financial aid policy?

12 Colleges That Meet 100% of Financial Need Boston Conservatory (MA) Columbia University (NY) Davidson College (NC) Duke University (NC) Emory University (GA) Georgetown University (DC) Haverford College (PA) Northwestern University (IL) Occidental College (CA) Rice University (TX) Stanford University (CA) University of Chicago (IL) University of Dayton (OH) University of Richmond (VA) Washington University (MO) Williams College (MA)

13 13

14 14 Merit-based College Financial Aid What are the criteria for scholarship awards? When are the deadlines? When will recipients be notified? What eligibility factors are included?

15 15 College-Sponsored Scholarships Some require high school nomination, such as: Emory University o Emory Scholars and Goizueta Scholars Programs Davidson College o John Montgomery Belk Scholarship University of Virginia o Jefferson Scholars Program Washington University o Danforth Scholars Program Villanova University Presidential Scholarship Program

16 16 Sticker Price vs. Net Price Sticker Price Cost of Attendance Net Price Cost of Attendance minus average scholarship/grant aid

17 17 Net Price Comparisons Source: University of Alabama Net Price$25,443 Avg. freshman grant $8,338 COA$33,781 % of freshmen receiving grants 46% University of Richmond Net Price$22,646 Avg. freshman grant $33,374 COA$53,470 % of freshmen receiving grants 56%

18 18 Net Price Comparisons Source: Clemson University Net Price$29,987 Avg. freshman grant $6,793 COA$36,780 % of freshmen receiving grants 41% Wofford College Net Price$25,529 Avg. freshman grant $18,236 COA$43,765 % of freshmen receiving grants 87%

19 19 Net Price Calculators Tool to help families determine net price for first year of college Idea True net price = COA - estimated need- based financial aid award Not easy to compare colleges

20 20 Tips for Reducing the Cost of College Consider in-state college options if your student will qualify for the HOPE Scholarship Awards range from $71.94-$ per enrolled hours at public universities Awards are $1,800 per semester or $1,200 per quarter at private institutions See for more information

21 21 More Ideas Consider public universities that offer tuition discounts for top out-of-state students Consider colleges outside the Southeast National Merit Finalists

22 22 Academic Common Market Waives out-of-state tuition requirement for students pursuing degrees not offered by in-state institutions Examples: architecture, musical theatre, petroleum engineering, professional golf management, equine studies See more

23 23 Employer Scholarships Examples Atlanta Gas Light Kimberly-Clark Corporation UPS Childrens Healthcare

24 24 Private Scholarships Myth Not many college undergraduates receive Average is $2,000 Most are non-renewable Downside

25 25 National Scholarships

26 26 Local Scholarships

27 27 Ethnicity/Race/Gender Scholarships

28 28 Specific/Unusual Scholarships American Harlequin Dance Scholarship Patrick Kerr Skateboard Scholarship Duck Brand Tape Stuck at Prom Scholarship Vegetarian Resource Group Scholarship

29 29 How Your Student Can Increase His/Her Chances for College Scholarships

30 30 Study, study, study! Prepare for standardized tests Do your research Apply early Pay attention to details & deadlines

31 31 Congratulations – you have been awarded a scholarship! Read the fine print Work hard!

32 32 Scholarship Resources College Navigator - General college, cost & financial aid information Fast Web – Free scholarship search website College Board – General college information & scholarship searches Scholarships – Free scholarship search website Merit Aid – College cost, financial aid & scholarship information

33 33 Contact Information Joni Towles Towles Educational Consulting, Inc

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