Mark teaches a method that allows a family to come away with a clear cut maximum of how much a family is able to pay for college. He shows a method that allows people to realize that they have more money than they thought they have for college when they go through this planning exercise. He encourages each family to be resolute in their commitment to not go beyond this number and he shares four forces that are working against you in this process. (Length 6:22)
This week’s question is from Dave from White Plains, NY.
He wrote us to say that Mark implied that IVY’s are partially responsible for the shift to merit-based aid, but IVY’s don’t give merit money. Dave is correct and Mark explains why IVY’s have wealthy families even without merit aid. We also discuss two schools that just dropped their writing requirement for ACT and SAT testing. (Length )
Ron Smith of Howard University is interviewed about their Bison STEM Scholars program. 31:26
Ron talks about scholarship weekend. He talks about the timeline of the application process. Ron shares his advice for a middle school student or their parents who want to know what they should be doing now in order to be a competitive applicant for the Bison STEM Scholars program. Ron goes over the the benefits of the Bison STEM Scholars program and he includes components such as mentoring, research and overseas experience. He debunks the myth that this is a scholarship program. Ron also shows how the Bison STEM Scholars program is patterned after the famous Meyerhoff program at UMBC.(https://www2.howard.edu/scholarships/bison-stem-scholars)
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