Greetings Students and Families


It’s the start of Financial Aid and Scholarship application season- and I want to get you up to speed on that process. This note provides the details you need to understand EVERYTHING you need to know about financial aid and scholarships. Please reach out to schedule your College Admissions Planning Assessment.
Whether you are a parent of a senior or freshman, you’ll find this information invaluable if you have any questions about the process of applying for financial aid and particularly if your potentially unique/odd etc. circumstances requiring guidance in the navigation of the standard FAFSA and CSS Profiles (I’ll tell you all about those two forms below in more detail). If you’re a parent of a freshman- you’ll learn more about how early College Planning impacts your likelihood of scholarship funding. Please ignore misguided information and I want to assure you there is absolutely no increase in your aid package for filing your financial aid forms tomorrow. You aim to file by due dates- mostly January (ED is an exception and some state colleges) and the size of your aid package is completely unrelated to the date you submit your FAFSA. Get it right – don’t rush.  Financial aid and Merit Scholarships are two different beasts- I’ll explain all of this and more in this newsletter.
The Common App and Financial Aid:
If you’re a senior completing your Common App 2022-23 – there’s a question asking if you want to be considered for financial aid. Please indicate “yes” to the question on the Common App regarding “need based aid” – there is no impact on your admissions- we refer to this as “need blind admissions” — also .


All families have many questions about financial aid and paying for college including:

  • Is our family eligible for financial aid?

  • When and how do we apply for financial aid and what’s a FAFSA or CSS Profile?

  • What Scholarships are available?

  • Under what circumstances should we consider a private college in lieu of our state’s public universities-?(especially if you’ve participated in your state’s college planning 529 plan such as the Florida’s Pre-Pay program.)

  • How does early college planning increase chances of college acceptance and finding internal scholarships?

In this very detailed blog , I’ll answer all these questions and we’ll explore how financial aid is an essential part of forming your balanced list of colleges. Early academic planning can be invaluable to positioning each student to realize educational goals that are affordable.
As an experienced university faculty and admissions committee member, let’s begin with a discussion of how colleges determine your financial aid award and some tips to increase your chances of receiving financial aid and scholarships.

Need Blind Admissions

Nearly all colleges practice “need blind admissions” meaning admissions decisions are unrelated to your request to be considered for financial aid. That said, university budgets and financial aid awards are built around “discounting” – a practice of offsetting a college’s annual financial aid budget with the dollars received from full paying students to minimize the impact on the institution’s endowment.
As a full-paying family, you may be surprised to know that as much as a quarter to a third of your tuition dollars are used to award financial aid to another deserving student with demonstrated need (as determined by their FAFSA).  We know for certain that many colleges are seeing some budget shortfalls at the moment as families and alumni donated less in the past year. We also know that international students in many universities are a significant component of full pay tuition revenue– yet, borders were restricted to travel from many countries. This is a fluid situation impacting financial aid and university operating budgets in the short-term.

The Common App and Financial Aid:

If you’re a senior you’ll be completing your Common App 2022-23 sometime this fall. While the FAFSA is now open- please don’t rush — and please do NOT SUBMIT IN BATCH -you do not want each college — especially your most selective colleges knowing the safeties or less-selective colleges on your radar– more below.
*** If you’re applying Early Decision- submit the FAFSA only to the one college. Then return and “REVISE” to add your other universities.
There’s a question on the Common App – asking if you want to be considered for financial aid. Please indicate “yes” to the question on the Common App regarding “need based aid” – there is no impact on your admissions- we refer to this as “need blind admissions” .
Prior to the pandemic, we continued to see “Discount Rates” Hit Record Highs as Private Colleges Set New Record on Tuition Discounts. In Spring 2020 and 2021- this was challenging as colleges didn’t realize their enrollment targets and in fact freshman enrollment across the US had declined in fall 2021 at many campuses. 2021 and 2022 included high-pressure marketing for students (beyond the top 50 colleges and universities- where costs have no impact – there are as many as 10 qualified students for every space in the freshman class) and yield results were in fact back to normal- meaning funding will be less constrained as  current seniors submit their applications.
What is the real cost of a four-year undergraduate degree?
The short answer is to avoid sticker price misconceptions.
The key take away is that- early academic planning increases your chances of acceptances that will include scholarship assistance. If you’re a more attractive applicant- there’s more scholarship / merit-based aid. Knowing what’s expected, you can build a solid college admissions plan at the outset of high school. As noted, College Admissions is “need-blind”.  There is no adverse impact on admissions if you apply for financial aid. Likewise, you don’t increase your chances of admission being a full-pay student.
There are two sources of funds:

Need based financial aid


 Merit based Scholarships.

Financial assistance can originate with the college or from a third party (federal/state governments or private scholarships). Need Based Financial aid is awarded directly from the college based on your demonstrated financial need as determined by your FAFSA Estimated Family Contribution (EFC).  Details follow below.
A number of privately funded merit-based scholarships are also need-based, including the prestigious QUESTBRIDGE  full scholarship for students with demonstrated financial need and outstanding academic achievements. Low income families are encouraged to explore Questbridge. Applications begin during the Junior year!!
Merit Based Aid – These awards are based on a competitive review of the student’s academics, extracurriculars, competitions, athletics, community service, etc. The awards are unrelated to financial need (or lack thereof). Merit aid is awarded by colleges and also by private scholarship funds.
  • There are scholarships for a variety of majors and these are VERY competitive.
  • Ron Brown Scholarship is an example of a private scholarship.
  • Some competitive colleges offering full-rides include Penn State, Miami, Boston, Washington University, Emory, Vanderbilt, Northeastern, Drexel
  • The chances of receiving a lucrative scholarship increase with higher GPA and demonstrated research/competition in your intended field of study. This is just one of the reasons why I encourage students in 8th-10th grades to focus on setting their educational goals early and taking steps to realize these goals. Earning a 4.0 GPA is impressive but insufficient to earn prestigious merit based awards! Scholarships are given to students with impressive accomplishments both within and outside the classroom. DO YOU HAVE A COLLEGE ADMISSIONS PLAN?
  • Private colleges will offset  and reduce some or all of any grants awarded by the amount of external scholarships received.


It pays to be a “stellar” (Interesting) student!!

Let’s be crystal clear. While admissions is need-blind, once admitted, if you are eligible for financial aid (Cost of Attendance less your Estimated Family Contribution -COA-EFC= Unmet Need), institutional financial aid can be in the form of grants, work-study, student loans and parent loans.
The mix of that aid is subject to negotiation. I’ve seen financial aid award letters including $60k of grants where the same student receives a package of $50k in parent and student loans at another university!! What does this tell you about how attractive a college finds your student? What does this tell you about how to target and select colleges?
If you want more money– your admissions strategy is to be the top end of the applicant pool. e.g. If your student has a 3.6 GPA, you’ll receive more grant money at colleges that seek out students with a 3.3 GPA. There’s no differences in Ivy League schools- aid packages are fairly consistent across-the-board and every accepted applicant is stellar.
Again, have the conversation before you apply. If you aren’t eligible for aid or the partial aid you’ll likely receive based on EFC estimates isn’t acceptable- don’t apply to a college you cannot afford. It’s heartbreaking to hear of a student’s acceptance to a highly selective program only to have to decline the offer. Parents should understand what these models reveal and if this isn’t affordable- discuss this with your teen before application season begins.


Your unmet need is certainly subject to negotiation depending on a number of factors that relate to the strength of the student’s profile, gender, selected major, location to name a few.
The stronger your admissions portfolio and in particular your common application essay(s) where you clearly demonstrate how you will contribute to the institution and show “informed interest”, if you’re eligible for aid, the greater are your chances of receiving an award letter with more grants and less allocated to your unmet need in the amount of student loans.
It is heartbreaking to receive a well-earned acceptance letter only to open the financial award letter and see LOANS rather than grants.  Loans are what public universities offer.
KEY POINT!!  Please begin your Educational and College Admissions Planning EARLY in High School. Setting goals and building your strategic plan to allow each young adult to explore emerging academic interests and leverage personal interests will set you apart from tens of thousands of equally qualified and essentially identical applicants.   College Planning- Don’t Leave It to “CHANCE” ,but begin your planning early.
Does your student have an Educational & College Admissions Plan? On Target?
Bonnie R. Rabin, Ph.D.
Personalized Educational & College Admissions Services
South Florida 561.509.0021
Boulder/Denver 720.737.9944
Nationwide Online 833.MY.ESSAY
Experience the Difference!
 Expert Knowledge & Caring Support
STEM, Business, Humanities, Creative Arts
Joyful? Motivated?
Build your personalized Educational & College Admissions Plan!

College Consultant Bonnie Rabin with STEM student and College Admissions Acceptance Letters

Congrats!!! A SAMPLE of our recent College Acceptances Include:
UC Berkeley, Carnegie Mellon, UPenn, Princeton, Cornell, U. Michigan, Northwestern, Georgia Tech, Barnard, Columbia, Smith, Stanford, University of North Carolina, Vassar, Brown, Bowdoin, Wellesley, USC, Emory, U.Illinois, Notre Dame, NYU, Rice, University of Chicago, Washington University (WUSTL), Drexel, Tulane, London School of Economics, Purdue, Swarthmore, SCAD, Ohio, Georgetown, Hamilton, Reed, Miami, Johns Hopkins, University of Florida, University of Arizona, Penn State, Villanova, Northeastern, SUNY-ESF, St. Johns, Embry-Riddle, Colgate, Fordham, Columbia, Barnard, Syracuse, Swarthmore, Pittsburgh, Dickinson, Colorado, Rensselaer Polytechnic Institute, Howard, Fordham, SUNY Stonybrook, Duke, Case Western, Rochester Institute of Technology, Parsons, Virginia Tech, Boston U., Hobart & William Smith, Claremont Mckenna, Davidson, Westpoint, Gettysburg, Amherst, Temple, Denison, Howard, UT Austin, SUNY-Binghamton, Hamilton, George Washington, American, Indiana, SMU, James Madison, and many more!…