Panel of Experts

Karl Schellscheidt

SAT Prep Expert

  • BSE, Princeton University '90
  • M.A., Secondary Education Seton Hall University '93
  • J.D., University of Pennsylvania Law School '00

Fred Hargadon

Dean of Admission

  • Swarthmore College
    (1964-1969)
  • Stanford University
    (1969-1984)
  • Princeton University
    (1988-2003)

Don Betterton

Financial Aid Expert

  • Director of Financial Aid, Princeton University (1973-2006)
  • Certified College Planner
  • Principal, Betterton College Planning

Seamus Malin

Admission Expert

  • Harvard University
    Dir. of Financial Aid
    (1966-1977)
    Asst. Dean of Admission
    (1977-1987)
    International Office Director
    (1987-2002)

The 15 Questions You Should Ask About a College’s Financial Aid Program

Don Betterton

college admissions expert advice from eprep.comBy either reading the college’s written materials on financial aid or speaking with one of the college’s aid counselors, you should get clear and decisive answers to the following fifteen questions:

 

1. Can I get an early estimate of the type and amount of aid I might receive?

2. Do I have to fill out a school-specific aid application in addition to the FAFSA?

3. Do you give both need and merit aid or are you a need-only school?

4. If you give merit aid, what are the eligibility standards for your scholarships?

5. Will applying for aid affect my chances of being admitted?

6. Once you calculate my need, typically what percent do you meet?

7. For your average award, what percent of the total package is scholarship or grant?

8. If I am assigned a work-study or other campus job, how may hours per week do you expect me to work?

9. Will you expect me to work in the summer? If so, how much will I have to earn?

10. When evaluating my parents’ ability to pay, do you include the value of the family home?

11. If my family has a special circumstance, like providing support to a sick or elderly family member, will you take that into consideration?

12. When looking at student savings, what percent do you expect to go towards my education?

13. If my family encounters a financial hardship after I enroll, can you help me? With what type of aid?

14. How much do you include in the student budget for books and personal expense? Do you include an allowance for travel?

15. How will you adjust my aid award if I win a scholarship from an external source?

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