CaCO3Girl posted:Can anyone chime in for us younger people that are going through it now with a decoder ring and say what these percentages and type of money really mean to the bottom dollar?
i.e. so a D1 offers your kid 75%...what is that 75% of?
So a D2 offers your kids 40%....what is that 40% of?
The onus is 100% on the recruit (and parents) to understand the offer. Most schools will present the offer in their most favorable terms. A college coach might offer the recruit "100% of tuition", because 100% sounds great. That may be a 50% equivalency scholarship for NCAA reporting.
In my experience, parents tend to throw around the percentage as described to them by the coach. I recently heard that a local D2 baseball kid is on "75% scholarship". I cringe at announcements like this, because they set false expectations for the kids coming up. This 75% scholarship was actually 75% off of the list price of tuition. This particular school currently offers what amounts to a 57% tuition discount to every undergrad student. For NCAA reporting, his baseball scholarship was probably about 25%.
The bottom line is the offer on paper. And as we've discussed here many times, circumstances can change after Year 1, regardless of what's on paper.
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