Feeling guilty....should I feel this way? HELP

Lafalum84
Thu, 16 Oct 2008 16:05:59 +0000

Be sure you understand the difference between financial aid (based on need) and merit money (offered to good students regardless of need).

If your D applies to a few private colleges whose stats are just a little bit below hers (and her stats are great, so there are plenty of good schools that fit this bill), she may stand a good chance of getting some merit money/scholarships.

One private college offered my son $18k/year in “merit” money; it would have brought the cost of attending this private school right in line with the cost of attending our flagship state Univ in-state. We do not qualify for any aid at all, but the offer was based on my son’s grades and test scores. It had nothing to do with need. So your home equity wouldn’t disqualify your daughter from “merit” money at all.