August 11, 2011
How To Take Stock Of Your Student's "Marketability" With The College - College Financial Aid
When deciding which students to accept and which ones to reject, it all comes down to how much the colleges want your student to come to their school. They make their determinations in the end based on one thing: the strength of the application. And the two things that carry the most weight in the application are: your student's academic record and his standardized test scores. (Don't get me wrong, they look at the whole picture, but those two items get the most attention).
Colleges, in the end, have only your student's application and his or her "stats" to make a decision whether to accept or reject your child; and, if they allow your student to come, to decide how much of their money they are willing to risk on any given student. The better the student, the better the "risk;" therefore, the better the money.
From a college's perspective, they may admit a borderline student; but, it doesn't mean they want to necessarily give that student a lot of financial aid to help them pay the bill.
This grant is geared to help low-income families get a college education in just a few years. Another excellent grant that is now available is through the Obama administration which allows mothers to go to school and receive several thousand more dollars to earn their college degree. Here are a few ways that you can qualify for either of these two programs.
Most people think of college has a very difficult and costly choice to make. Students that go into a university right out of high school may not understand how much it really costs because their parents are footing the bill. Some of these students may not finish college, or may not have even gone. They may be raising families now and could be stuck in a position in which their financial situation does not allow them to make a positive collegiate choice.
If you have decided that you would like to go back to college and earn your degree, the first government program that you should apply for the Teacher Education Assistance for College and Higher Education. This will allow you to earn and receive up to $4000 per year for students who have decided that they want to earn a teaching credential and intend to teach at the elementary and secondary school levels. These grants began dispersal during the 2008 2009 school year.
The other program that is available is through the new stimulus package courtesy of the Obama administration which will allow single moms to earn up to $10,000 in free grant money for their college education. To qualify you must have an economic need and be willing to apply yourself to a two-year program to earn a degree through an online university.
Jamie, the stronger student, was offered a better financial aid offer. Why? Because the college WANTED her to come and was motivated to make it happen. Sarah, on the other hand, is competitive enough to get in, but, the college isn't motivated to move heaven and earth to make it happen. They're happy to "allow" her to come if she's willing to pay. If she doesn't want to pay, she doesn't have to go. And the college appears to be okay with that.
Regardless of your situation — no need, some need, all need — the better the student looks at a particular school, the easier it is for him or her to get in and the better the financial aid package. Period
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