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> got into an expensive college but received a merit scholarship I know you're just throwing out an example and I'm going off on a tangent, but as somebody who
by commandlinefan 4y ago
> got into an expensive college but received a merit scholarship
I know you're just throwing out an example and I'm going off on a tangent, but as somebody who just went through the college admissions process, this scenario is about as realistic as the retiree's daughter visiting an alien civilization on her flying unicorn. Merit scholarships for expensive (i.e. "prestigious") colleges barely exist - you might get $1000 (of the $70K annual tuition).
- gen220 4y agoOne of my close friends got a merit scholarship that covered 50% of her tuition at a top-2 school for her undergrad concentration. Another got 50% merit, 50% student loans, and qualified for a Pell grant. But this was almost 10 years ago, no idea if the norms have changed. But these were people in maybe the top decile of their top 1000 high schools. If you factor that in as a prior (which wouldn’t be uncommon for a well to do family), I think the odds of a good merit scholarship improve.