Let's face the fact that financial aid can make or break a decision about attending a particular institution. Here are ten questions that I recently read about from the latest HECA e-newsletter that you can ask an admission officer about financial aid before making an informed decision:
1. What is the average four-year graduation rate? What are some reasons why students don’t graduate in four years?
2. What is the average loan debt of a graduating senior?
3. How do you handle outside scholarship awards? Some colleges will reduce loan and/or grant awards.
4. What are the projected tuition increases over the next four years? What’s been the rate over the last five years compared to inflation?
5. Do you offer both merit and need based aid?
6. When packaging financial aid awards, do you meet full need or gap students?
7. Is institutional aid available, and if so, is it re-evaluated annually based on a family’s circumstances?
8. Does applying to financial aid impact admission decisions?
9. What are the criteria for merit aid?
10. Which need analysis methodology do you use?
Liam Dunfey
University Advisors
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