Myth of Need Based Aid

Dls2012
Wed, 15 Aug 2012 12:25:01 +0000

So, has anyone else experienced the myth of need based aid at Pepperdine? When you look at collegedata.com it shows that about 80% of the freshman class get an average grant award of 30k when need is proven. That is a very misleading statistic. What it fails to address is that you can not hope for that type of award based upon need. It is really just a merit award, called a need award as it’s not provided based upon need but rather based upon where your accepted student falls in the academic desirability.
Those accepted with need are offered 58K a year in loans but none of the grant money Pepperdine reports to sources parents depend upon when accessing colleges unless they are the strongest applicants. The numbers are deceptive because most people don’t decide to attend the school when they aren’t offered need based aid so 80+% is deceptive.
Don’t waste your money applying or get your child’s’ hopes up if you aren’t at the top of the academic food chain.