| In the future, it would make sense to include the scholarship amount versus expected cost of the education. A $10K/year scholarship at a small private college might sound great till you realize you will still $30K for the first year of your own money and more for following years if the tuition rises (which it most likely will) and the scholarship doesn't increase, plus if the student takes 5 years rather the 4, the last year is all on you and the tuition/room/board has gone up to say $50K. I've known of some families that have sent their children off to expensive schools and then run out of money before the four years was up and the child got a degree from a state U with a far lower ranking for a lot more money than had the child just taken a scholarship from that U in the first place (when scholarship $ was more likely due to freshman status rather than transfer status) and sometimes with extra semesters required as even though coming from a higher ranked school, not all credits transfered.
So scholarship amount is a small part of the overall picture unless it's a full ride that increases as costs do. |