Quote:
|
D1's college required us to fill out the FAFSA and PROFILE before she could be considered for any merit aid. Our EFC was 99,000...so I guarantee that we received no need-based aid. However, the school did give her a merit award of 16K/year.
|
I have heard that some schools do this and I think it is wrong. Schools are just collecting financial information that is none of their business. If they want to offer merit awards, they should do so without first checking a family's finances. If they want to consider family finances, they should call awards financial aid. Involving family finances in merit awards confuses consumers, and having family financial details floating around at every school to which a student applies is dangerous, as all institutions are not equally diligent about protecting private information.