Lots of good answers so far. We just went through this with our daughter (non-athlete) and went through it with our son 3 years ago. One thing we found is that for some reason many schools (public and private) are getting away from merit based aid altogether.
Frankly, we were shocked. Daughter had a perfect score on the SAT and near perfect grades and the "offers" ranged from 50%-75% at public schools to 100% at some private schools. (Note these figures INCLUDE lottery scholarships, which in SC cover aprox. 25-35% of total public college costs).
As someone else pointed out, some private schools (like Wofford and Furman in SC) have big endowments and will make very good offers. If you have GREAT SAT's and grades these offers may be close to %100%. If you have VERY GOOD SAT's and grades you may be looking at 50-75%. But, with tuition at $40,000 to $50,000 a year, you might do better financially with a 25-50% scholarship at a public school.
AGAIN, this all varies a LOT from school to school. Some very prominent schools don't give merit based awards at all anymore.
Frankly, we found this all a bit disheartening. The payoff for busting your butt in high school is not always as great as you might think.
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quote:
Originally posted by RRF8:
I am reaching out to all of the parents who have kids who hit the books. What class rank, or Act score does a student need to get a significant (75% -100%) tuition scholarship at a D1 university? I would be interested to hear any success stories.