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Financial Aid at Kenyon College

keylymekeylyme Registered User Posts: 2,825 Senior Member
Just curious how their aid works. It states on their website that they meet 100% of demonstrated need through a combination of grants, scholarships, and loans. My question: is the loan portion they are referring to generally federal loans for the student or do they expect people to take out private loans? My son is very interested in this school and we will not be able to take out any private loans (credit problems). I expect our EFC will be in the 8-10K range which we will be able to pay.
Post edited by keylyme on

Replies to: Financial Aid at Kenyon College

  • sk8rmomsk8rmom Registered User Posts: 5,746 Senior Member
    If you look at the Common Data Set for any school, the numbers there will not include any private loans or parent loans...this is usually a very good source of financial aid information. Btw, if you find that you need extra loans but can't qualify, you can apply for a Parent Plus loan, which has a much simpler credit check (for bankruptcy and recent delinquencies > 90 days). If you're denied, your child can request an additional unsubsidized Stafford loan of up to $4,000.

  • keylymekeylyme Registered User Posts: 2,825 Senior Member
    Thank you; very helpful!
  • speedospeedo Registered User Posts: 1,204 Senior Member
    I doubt Kenyon packages private loans. But Kenyon does practice tuition discounting - they are looking for high paying customers and are willing to give merit money to attract qualified good paying apps. If your stats are borderline but have the dough, this might be a good place to apply.
  • keylymekeylyme Registered User Posts: 2,825 Senior Member
    Hmmm....I haven't heard the term "tuition discounting" before. However, from looking at the common data set, Kenyon does give aid to lots of students and the average package is around 30K. My son's stats look pretty strong for Kenyon; in or above the mid-50 range. He is a recruited athlete (don't know if that makes a difference at a DIII school or not).
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