Shrinking the Cost of College. Lynn O’Shaughnessy. Lynn O’Shaughnessy. Author of The College Solution New York Times, BusinessWeek , Money Magazine , USA Today Blogger: TheCollegeSolutionBlog.com College blogger: CBSMoneyWatch.com. Discounts Galore.
College discount could exceed $60,000
Scholarships: Not Just For The Needy
Why schools are giving more scholarship money to affluent kids
The sticker price of some colleges and universities now rivals the $210,600 cost of the median American home, and even wealthy families feel the pain when they start writing those large checks. But affluent parents shouldn't assume they will have to pick up the whole tab by themselves. Far from it.
A growing number of top-notch schools have begun handing out thick wads of cash to households that may not appear to need it. Why? "Wealthier families, who have students who excel, are desirable because they prop up the school's profile in the college rankings, and they can also pay a significant portion of their education.”
Men’s football: 1 million high school players
< 29,000 football scholarships
Average value: $13,000
Women’s track: 603,000 girls
9,888 track scholarships
Average value: $8,100
Where the Money is: Division III
Jocks have 40% greater chance of admission at Ivy League
Is teen in top 25% to 33% of applicants?
Sources: Common Data Set, College Board, Fiske Guide, Princeton Review
Bad test taker?
More than 820 schools are
Forbes versusUS News Rankings
Top Western Schools With Ranking Higher than UCLA/Berkeley
Mills College (CA)
St. Mary’s College of California (CA)
George Fox University (OR)
College of Idaho (ID)
Pacific University (OR)
Linfield College (OR)
Willlamette University (OR)
All schools use FAFSA
< 200 schools use PROFILE