Posted on

Financial Aid: Grades, Merit and Talking to Kids About Paying for College

This Is Very UncomfortableIf you are raising your eyebrows now, administrators feel for you. They do not like the equity implications of merit aid either, even if affluent families who get $20,000 discounts may well be helping to cross-subsidize lower-income ones at many schools.Yet these managers of enrollment also wonder why you’re so shocked that they use merit aid in the first place. After all, it is awfully hard to fundamentally change a college’s character — its location, the tenured faculty, the type of students who come year after year, what the brand stands for in the market for …

Read More

Posted on

FAFSA’s Expected Family Contribution Is Going Away. Good Riddance.

“The idea is that the university knows you well enough to expect something from you,” said Sara Goldrick-Rab, professor of sociology and medicine at Temple University and author of Paying the Price: College Costs, Financial Aid, and the Betrayal of the American Dream. “You get those words very early in the relationship, and they don’t really know you at all. It doesn’t build trust.”Then comes the kicker: That expectation may be just the beginning. “A college often expects students to pay more than the E.F.C.,” said Robert Kelchen, associate professor of higher education at Seton …

Read More