Exactly, focus on your cost rather than how much they're discounting it.Thanks the input!!! I guess the advice to parents would be to calculate their total out-of-pocket expenses vs. percentages.
Exactly, focus on your cost rather than how much they're discounting it.Thanks the input!!! I guess the advice to parents would be to calculate their total out-of-pocket expenses vs. percentages.
Thanks the input!!! I guess the advice to parents would be to calculate their total out-of-pocket expenses vs. percentages.
In-state fees example
10,000 tuition
12,000 lodging
2,000 books
6,000 meals
30,000 total, so a 50% scholarship would still be $15K/year out-of-pocket
Out-of-state fee example
30,000 tuition
12,000 lodging
2,000 books
6,000 meals
50,000 total, so a 50% scholarship would be $25K out-of-pocket
Also keep in mind that 3rd party scholarships may be designated for tuition only, books etc. Having give and take as to what the athletic scholarship may provide can make a big difference in the bottom line. Every year I have conversations with families that have not thought through the basics. They are targeting schools where even if they get a generous athletic scholarship and some academic monies the shortfall is beyond their financial abilities. So in the absence of a robust college fund the only option is a loan?
When we first started the recruiting process I bought Cathy Aradi's book on softball recruiting. It is a good read, but the information in the index on every D1, D2, and D3 college softball program is worth the cost. It provides a lot of great information about the schools, tuition and the coaches contact information. Most of that information is available online, but this book put it all at your fingertips. The biggest eye opener for me was the tuition costs of some of the private schools. Parents need to educate themselves on what their expected out-of-pocket costs will be because a 75% ride at a private school may cost more out-of-pocket than a 25% ride at an in-state public school...