YCBK 96: Who is Eligible for Federal Financial Aid (Grants and Loans)?
In this week’s episode you will hear
In the News: In this week’s news segment (7:10)
an article from Wall Street Journal, “For Sale: SAT-Takers’ Names. Colleges Buy Student Data and Boost Exclusivity”, by Douglas Belkin. In 2017, the College Board recorded $100 million in revenue using the SAT to sell student test taker information to universities. The accusation is that these schools are buying names of students who don’t have a great chance of getting accepted. Belkin goes after schools for trying to beef up their application numbers that will allow them to reject more students to lower acceptance rates. Mark shares his thoughts on this article and his perspective will likely surprise you. (Length 26:43)
https://www.wsj.com/articles/for-sale-sat-takers-names-colleges-buy-student-data-and-boost-exclusivity-11572976621
Chapter 96 of 171 Answers (33:53): We are in Chapter 96 of 171 Answers and we’re describing the qualifications for student federal aid. We discuss five or six of the main qualifications that must be met in order to receive financial aid. We also define what financial aid is.
This week’s question (47:04) is from a mom who asked Mark to outline his process when working with students. Mark explains that the process is going to be very different for a family that is looking for financial aid, grants and scholarships and the family that is not looking for financial assistance. Mark explains that the process will differ based on when a family starts and which services they hire me to do. Mark divides his process up into four different components 1) Confirming a major/career 2) Building a college list 3) Strategies to increase your chances of getting in 4) Strategies to get a great financial aid offer. I ask Mark several questions throughout the process. Mark was very reluctant to answer this question from a mom.
This week’s interview (1:05:20) Mark concludes his interview with author and college admissions expert Steven Antonoff in the final part of: Myths about College Admissions
Mark’s recommended resource of the week (1:25:32) is The Chronicle of Higher Education; their website is chronicle.com
College Spotlight (1:15:39) Denison U, OH
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