scholarships: tips and strategies to cut college costs
DESCRIPTION
Presentation given to parents and students at Richland Northeast HS Sept 24, 2012.TRANSCRIPT
Scholarships: Tips and Strategies to Cut College Costs
Remember the Good Old Days?
When College Was Affordable…
No Need to Worry About
Cost….
Never a Thought About Scholarships
My, How Times Have
Changed !!
And How!!!4 years starting
Public In-State (Winthrop)
Public Out-of-State (NCSU)
Private (Georgetown)
2012 - 2013 (Fr) $102,693 $135,238 $251,288
2013 - 2014 (12th) $107,828 $142,001 $263,853
2015 - 2016 ( 11th) $113,219 $149,101 $277,046
2016 - 2017 (10th) $118,880 $156,556 $290,898
2016 - 2017 (9th) $124,824 $164,384 $305,443
2017 - 2018 (8th) $131,065 $172,603 $320,715
With 5% Inflation
College 2009-2010 Tuit ion I ncrease
2010-2011 Tuit ion I ncrease
2011-2012 Tuit ion I ncrease
2012-2013 Tuit ion I ncrease
Clemson 4.50% 7.50% 3.80% 3.00%
Coast al Carol ina 3.50% 4.90% 4.58% 0.00%
Coll . Charlest on 6.00% 14.75% 0.00% 3.15%
Francis Marion 3.60% 6.50% 3.80% 3.00%
Lander 8.50% 4.50% 3.90% 3.15%
S.C. St at e 8.40% 5.70% 4.05% 3.15%
The Cit adel 3.60% 13.00% 3.50% 3.00%
USC Aiken 4.90% 6.00% 3.90% 3.15%
USC Beaufort 3.60% 9.50% 3.90% 4.90%
USC Columbia 3.60% 6.90% 3.90% 3.15%
USC Upst at e 3.60% 5.00% 3.90% 3.15%
Wint hrop 4.00% 5.00% 3.90% 2.90%
Scholarships are One Way to Reduce College Costs
Tip 1: Colleges Have the Largest Scholarships
• Grades, grades, grades
• Strong curriculum• SAT/ACT scores• Leadership• Community service• Recommendations• Essays• Interviews
Tip 2: Not All Colleges Give Merit Aid
Colleges That Award No Merit Aid
• Harvard University• Princeton University• Yale• Columbia University• MIT• Stanford University• University of
Pennsylvania• Cal Tech• Dartmouth• Brown• Cornell University
Tip 3: Ignore the Hype
College TuitionAverage Merit Aid for Student With No Need
% of Freshman With No Need Who
Receive Merit Aid
Harvard University $34,979 $0 0.0%
Princeton University $37,000 $0 0.0%
Clemson University $12,688 $2,342 2.7%
Duke University $40,655 $21,158 3.0%
Univ. South Carolina $9,768 $5,422 3.0%
Stanford University $40,050 $3,755 4.0%
Wofford College $33,190 $14,184 24.0%
Agnes Scott (GA) $31,980 $19,727 25.0%
Sewanee (TN) $33,020 $14,036 29.0%
Furman University $39,200 $18,012 35.6%
Trinity University (TX) $31,176 $13,324 37.4%
College of Wooster (OH) $38,000 $20,220 38.0%
Hendrix College (AR) $33,930 $17,466 41.0%
Denison University (OH) $39,330 $15,723 43.0%
Tip 4: Be in the Top 25% - 33% of Applicants
Tip 5: Use the Common Data Set
Tip 6: Use the College Website
Tip 6: Use the College Website
• Admissions• Financial Aid• Specific Departments• Junior Scholars
Newberry College
Converse College
Winthrop
University of South Carolina
Tip 7: Qualify for a Lottery Scholarship
• Cumulative 3.0 GPA at graduation
• $2,800 for f irst year only
• 3.0 in f irst year then LIFE
• In-state schools only
• 2-year schools free tuit ion
Hope Scholarship
• Must have two of these three:– Overall 3.0 at graduation– 1100 SAT or 24 ACT– Rank in top 30% of class
LIFE Scholarship
• $5,000 per year• $7,500 in enhanced program• Complete 30 sem hrs with 3.0• In state schools only
LIFE Scholarship
Palmetto FellowsScholarship
Top 6% Route• Top 6% in 10 t h , 11 t h or 12 t h
• 1200 SAT (CR + M) or 27 ACT
• Early and late rounds
4.0 GPA Route
• Overall 4.0 end of 11 t h or 12 t h
• 1400 SAT (CR + M) or 32 ACT
• Early and late rounds
Award Amount
• $6,700 freshman year
• $7,500 sophomore and beyond
• $10,000/year with enhanced award
• Complete 30 sem hrs with 3.0
• In state schools only
Tip 8: Outside Scholarships MAY Help
Best scholarships pay students directly.
What To Do?
Start Early
Learn What Is Out There
www.collegedata.com
www.meritaid.com