Simple ways-to-save-money

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LYNN O’SHAUGHNESSY

Transcript of Simple ways-to-save-money

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LYNN O’SHAUGHNESSY

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Federal

governmentEmployers

Private

scholarships

State governmentsColleges

40%

35% 11%

7%

6%

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EFC Calculators:

College Board

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$55,000

$15,000

2 parents, 1 college freshman,

12-yr. sister

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Parents

Contribution

for Students

Student’s

Contribution

Federal

Methodology

(FM) Results

Institutional

Methodology

(IM) Results

Total Estimated

IM Contribution

$5,128

$0 $1,800

$3,880

$5,128 $5,680

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$150,000

$100,000

2 parents, 1 college freshman,

12-yr. sister

$150,000

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Parents

Contribution

for Students

Student’s

Contribution

Institutional

Methodology

(IM) Results

Total Estimated

IM Contribution

$32,031

$100 $1,925

$25,880

$27,805

Federal

Methodology

(FM) Results

$32,131

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Parents

Contribution

for Students

Student’s

Contribution

Federal

Methodology

(FM) Results

Institutional

Methodology

(IM) Results

Total Estimated

IM Contribution

$17,263

$100 $1,925

$17,432

$17,363 $19,357

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income qualifies for full

< $24,000

$5,730grant

Pell Grant: Biggest Federal Grant

Low-middle income families eligible

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FAMILY SIZE INCOME CEILING

Find Financial Aid Links for 50 States:

Nat. Assn. of Student Financial Aid Administrators

$78,500

$80,400

$87,400

$93,700

$101,000

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Things to Know:

Financial aid trap for those who need $.

Scholarship search engines mediocre.

Local scholarships usually aren’t in databases.

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Schools that cut price for top non-residents:

University of

Washington

University of

Arizona

Arizona State

University

University of

Colorado

Indiana

University

University of

Michigan

University of

North Carolina

University of

Maryland

University of

Connecticut

University of

Vermont

Ohio State

University

University of

Missouri

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University

Total Price

In-State

Students

Total Price

Out-of-State

Students

University of Michigan-Ann Arbor

University of Virginia-Main Campus

University of Colorado Boulder

College of William and Mary

The University of Texas at Austin

University of Vermont

Miami University-Oxford

Pennsylvania State University-Main Campus

$26,834

$27,126

$30,025

$31,175

$26,324

$29,694

$29,423

$34,506

$55,254

$56,312

$52,387

$52,879

$51,248

$51,342

$45,520

$47,456

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SUNY Schools in NY

University of Minnesota

U. Of Minnesota Rochester

Western Washington U.

University of Arkansas

University of Utah

Southern Oregon University

University of Missouri

University of New Mexico

Look for honors colleges at state schools

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These Schools Enjoy High College Rankings

Swarthmore

Reed

Dartmouth

Haverford

Williams

Harvard

Pomona

Cal Tech

Penn

Wellesley

Princeton

Brown

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University of Northwestern

Johns Hopkins University

Carleton College

University of Notre Dame

Boston College

Wellesley College

University of Chicago

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USC

Northeastern University

Tulane University

University of Portland

Mount Holyoke College

Beloit College

Villanova University

$20,752

$20,784

$22,360

$15,313

$15,720

$19,080

$10,145

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Pomona

% Aid Average Grant

Stanford

Harvey Mudd

USC

University of Redlands

Willamette University

CalArts

Cal Lutheran University

Point Loma Nazarene

100%

100%

100%

100%

87%

86%

71%

70%

$44,703

$40,395

$39,016

$30,707

$30,331

$26,888

$16,442

$22,600

64% $15,823

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NYU

Drexel

Santa Clara University

Emerson

Texas Christian

Loyola Marymount

University of San Diego

Pace University

Fordham University

Chapman

Chapman

59%

61%

74%

67%

68%

67%

72%

81%

73%

79%

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Interior West, Midwest, South, Mid-Atlantic

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Number of

players

Scholarships

Men’s football Woman’s track

Average

value

1,000,000

<15,000 9,640

$17,551 $14,690

603,000

Another money source: Division III

Great site for odds of athletic scholarships: ScholarshipStats.com

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Net price calculators provide a

personal estimate of what a family

will pay for one year in college.

COST OF SCHOOL

- SCHOLARSHIPS/GRANTS

NET PRICE

Where to Find Net Price

Calculators?

Every school must offer a net price

calculator for freshmen on its website.

Easiest way to find a calculator is through

Google

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LYNN O’SHAUGHNESSY

THECOLLEGESOLUTION.COM