Picking the right college is hard. Paying for it can seem impossible. Too often, students see the advertised price of a school and believe that’s how much they have to pay. How does anyone afford a college that costs $60,000 a year? The truth is most students don’t have to.
Especially for low-income families, most students aren’t charged the full price. We’re not talking about a measly $500 scholarship after hours of essay writing. No: this is about need-based financial aid.
Need-based financial aid is when schools look at your family's finances and determine how much your family can afford to pay. The trick is, each school determines your aid differently. The same student can get nothing from one school while practically getting a full ride somewhere else. On the downside, this means that there is no surefire way to know exactly how much college will cost until college acceptance time. The upside? Your dream school may not be as far out of reach as you thought!
So what do you do? How do you plan your future when college tuition is so confusing? Let Pell Abacus help you figure it out!