A 2018-2019 survey of 405 non-profit colleges showed the average institutional grant for first time freshman is $20,000. According to the survey conducted by the National Association of College and University Bursar Offices 90% of freshman received some kind of grant money ranging from $1000-$50,000. Those discounts on average cover 60% of the tuition costs (not including room, board, books or fees.
The big take-away from the survey is that everyone should apply for financial aid. However, for families to maximize their free scholarship money they need to know what assets they do not have to report. The colleges will recognize if someone is misrepresenting facts on the financial aid form. There is a $20,000 fine and a felony conviction for everyone signing the forms (that would include the student) if you do misrepresent the numbers. There is no statute of limitations so honesty is the best policy.
If you would like to maximize your free scholarship money fill out the form below to contact me.