For all of you who received your acceptance letters and financial aid awards - Congratulations. Now, you're faced with the nitty-gritty details of how to pay for it.
The results of a new survey released recently claim that Tuition Discounting reached record high levels - oh, but that was in 2008. What about 2010 and what is tuition discounting anyway.
Tuition discounting refers to the practice of colleges providing non-need-based scholarships to meritorious students. In other words, merit aid. Over 40% of aid colleges provide to students has nothing to do with whether or not their families can afford to pay.
Is this fair?
Some say yes: Students should be financially rewarded for high academic achievement just like athletes are for high athletic ability. I guess it's like parents paying $10/A on your report card.
Some say no: Most students with high academic achievement are already advantaged from families with above average incomes. More should be done to support needy students.
How about a compromise? How about awarding more aid to needy students with high academic achievement?
The study also points out that there are risks to universities that discount too much. Hmmm.
What do you think about tuition discounting?
Survey Results
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