Transcript The Real Story Behind College Scholarships

The Real Story Behind
College Scholarships
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“Economists report that a college education
adds many thousands of dollars to a man's
lifetime income - which he then spends
sending his son to college.”
~Bill Vaughn
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Scholarships Exist
No AP or Honors Classes
Not Left-handed
10 Scholarships
$7,500 to $21,000
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Where are they?
73% Directly from the College: $5,645
27% Community/Organization: $568
26% State Government: $592
Source: Sallie Mae: How America Pays For College 2012
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Some Schools Only Meet Need
Where NOT to look for scholarships (merit aid)
Harvard
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Some Schools Only Meet Need
Where NOT to look for scholarships (merit aid)
Princeton
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Some Schools Only Meet Need
Where NOT to look for scholarships (merit aid)
Williams
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Schools You’ve Never Heard Of
“Over the years, we have come to identify quality
in a college not by whom it serves but by how
many students it excludes. Let us not be a sacred
priesthood protecting the temple, but rather the
fulfillers of dreams.”
~Robert J. Kibbee
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Scholarship Calculators
It doesn’t take straight A’s or perfect test scores
SAT
CR 600
Math 620
~80th Percentile
3.2 GPA
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Scholarship Calculators
It doesn’t take straight A’s or perfect test scores
Linfield College
SAT GPA Estimate
1220 3.2 $15,000
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Scholarship Calculators
It doesn’t take straight A’s or perfect test scores
Linfield College
Kettering
SAT GPA Estimate
1220 3.2 $15,000
1220 3.2 $14,625
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Scholarship Calculators
It doesn’t take straight A’s or perfect test scores
Linfield College
Kettering
Saint Vincent
SAT
1220
1220
1100
GPA
3.2
3.2
3.25
Estimate
$15,000
$14,625
$16,000
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Scholarship Calculators
It doesn’t take straight A’s or perfect test scores
Linfield College
Kettering
Saint Vincent
Austin College
SAT
1220
1220
1100
1250
GPA
3.2
3.2
3.25
3.0
Estimate
$15,000
$14,625
$16,000
$19,000
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It’s not only grades and test scores
Geography
Gender
Community Service
Extra-curricular activities
Performing and Visual Arts
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Geography
476
Gustavus
Adolphus
College
Source: Integrated Postsecondary Education Data System
5
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No Scholarship Calculator
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Sewanee, The University of the South
Test Optional
100 Wilkins Scholarships of $14,000
Freshman Class of ~450
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What about sports?
“Does college pay?
They do if you are a good open-field runner.”
~Will Rogers
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Depending on the sport, on average 3 to 7% of
high school players will play in college
High
School to
NCAA
Men’s
Basketball
Women’s
Basketball
Football
Baseball
Men’s Ice
Hockey
Men’s
Soccer
3.3%
3.7%
6.4%
6.7%
10.9%
5.6%
Source: National Collegiate Athletic Association
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Most athletic scholarships are not “full-rides”
Division
Schools
with
baseball
% Schools
with
Baseball
# of
Participants
% of all
Participants
Max
Scholarships
Avg #
Participants
per Team
D1
294
32.7%
9,919
32.3%
11.7
33.7
D2
248
27.6%
9,064
29.5%
9
36.5
D3
357
39.7%
11,690
38.1%
0
32.7
Source: Office of Post-Secondary Education
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Scholarships and amounts are not
guaranteed for four years
“To be clear, this new NCAA measure doesn’t
require any school to give four-year
scholarships—it merely gives them the option to
do so. That makes the ‘no’ votes of Alabama, LSU,
et al., even more appalling.”
~ Josh Levin, Slate
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Schools You’ve Never Heard Of
4 yr
5 yr
%
Graduation Graduation Admitted Avg SAT
Name
Rate
Rate
-Total (CR+M)
Austin College
74
78
52
1255
Gustavus Adolphus College
72
77
64
1250
Kettering University
6
47
64
1270
Linfield College
58
63
76
1110
Saint Vincent College
68
76
67
1067
Sewanee-The University of the South
78
81
61
1235
Avg Amount
SAT
ACT
% Freshman
of
(CR+M) Avg ACT Composite Receiving Intitutional
75th
Composite
75th
Institutional Grants for
Percentile
Score
Percentile
Grants
Freshman
1360
26.5
29
98
$15,886
1350
27.5
30
98
$18,862
1380
27
30
97
$12,645
1220
25
28
91
$16,799
1170
22.5
25
100
$18,071
1330
28
30
73
$21,382
Source: DIY College Rankings College Search Spreadsheet (IPEDS)
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Getting a scholarship
is all about not
following the crowd