Paying for College
You’re young! You’re smart! You’re flat broke! You don’t have a dime to your name. Some colleges cost upwards of $40,000, not including living expenses. How will you pay for college?
You could ask your parents. I could see it now: “Hey mommy and daddy, can you give me $160,000 dollars to attend college? I promise I’ll eat my vegetables.” Many parents have the income available to pay for their child's tuition. Others have established educational funds to ensure funding for college. That’s wonderful! Most families, however, need some financial assistance.
Unlike thirty years ago, there are many ways to finance your college education. Ultimately, you may find that the most expensive colleges won’t always cost you the most money if you are applying for financial aid. |
Will colleges penalize me if I can’t pay full tuition?
The short answer is: It depends on the school. There are two types of schools.
Need Blind Admission: Students are evaluated for admission without any knowledge of their financial situation or degree of need.
Need Aware Admission: Students are evaluated and the admissions officers do pay attention to whether and applicant can pay.
If you like a school, apply! Don't pay attention to whether it is need blind or need aware admissions.
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