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What is the National Merit Scholarship?

The National Merit Scholarship is a competition that takes place in the United States every year, since 1955. Students compete for scholarships given by the National Merit Scholarship Corporation (NMSC), an organization based in Evanston, Illinois. After passing some requirements, competitors have to submit an essay and a list of achievements. That includes extracurricular awards …
A Federal work study program is a way for students, like the ones pictured, to get more aid by working for the college.
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What is a Federal Work Study Program?

What is federal work study? A Federal Work Study (FWS) requires the student to work part-time while enrolled in school. FWS is a form of federal aid. In this scenario, students gain work experience and fund their education while doing so. The school’s financial aid office administers the work, so long as they are participating …
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What is an Offer Letter?

You did it! You worked hard and a college of your choice accepted you. Congratulations, that’s an accomplishment. Now the question is, can you afford it? That’s where the offer letter comes in. Short answer: an offer letter tells you where all the money to pay for college is coming from (minus private student loans). …
What is a net price calculator?
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What is a Net Price Calculator?

We all know that the sticker price for college is shocking. How many of us can actually write an annual check for $20,000, $40,000, $60,000 or more? That’s where the net price calculator comes into play. But what is a net price calculator? The difference between net price and sticker price The good news is …
Harvard's net price is generally much lower than its sticker price, which means that for 90% of American families, Harvard may be more affordable than a state school -- afford colleges
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How Do Students Afford Colleges Like Harvard or Stanford?

How Do Students Afford Colleges That Are Very Expensive? – College Raptor Q&A For the 2014-15 school year, the published costs of attendance at Harvard and Stanford are approximately $65,000 and $62,000, respectively. These numbers can easily be discouraging for those who want to afford colleges, especially for students from low-income families. Even students who …
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How does the FAFSA Work?

If you’re going to college, you should become familiar with the FAFSA–or Free Application for Federal Student Aid. The FAFSA is a service provided by the US Department of Education for the purpose of determining the amount–and type–of aid you’ll get to help pay for college. But how does the FAFSA work? Aside from determining …