Money magazine released its annual rankings of the best colleges for merit aid. The top schools on the list offer significant discounts to students who demonstrate high academic achievement.
Best Colleges for Merit Aid: Money Magazine
Money magazine recently released its annual list of the best colleges for merit aid, and some of the results may surprise you. For example, did you know that nearly half of all students at Brigham Young University receive merit aid?
So, what exactly is merit aid? Merit aid is financial aid that is awarded to students based on their academic achievement, rather than need. In other words, it’s a way for colleges to attract high-achieving students to their campuses.
Not all colleges award merit aid, but for those that do, the average amount of merit aid per student is about $11,000. That’s a significant chunk of change, and it can make a big difference in whether or not a student can afford to attend a particular college.
So, which colleges are the most generous with merit aid? Here are the top 10, according to Money magazine:
1. Brigham Young University: 47% of students receive merit aid, averaging $13,440 per student.
2. Rice University: 41% of students receive merit aid, averaging $19,460 per student.
3. Duke University: 39% of students receive merit aid, averaging $19,290 per student.
4. University of Notre Dame: 38% of students receive merit aid, averaging $17,040 per student.
5. Vanderbilt University: 35% of students receive merit aid, averaging $19,680 per student.
6. Georgetown University: 34% of students receive merit aid, averaging $15,930 per student.
7. Wake Forest University: 34% of students receive merit aid, averaging $18,070 per student.
8. Stanford University: 33% of students receive merit aid, averaging $16,780 per student.
9. Massachusetts Institute of Technology: 32% of students receive merit aid, averaging $16,010 per student.
10. Harvey Mudd College: 31% of students receive merit aid, averaging $17,090 per student.
As you can see, there are some very prestigious colleges on this list. So, if you’re a high-achieving student who is looking
What are the best colleges for merit aid?
What are the best colleges for merit aid?
This is a question that many high school students and their parents ask when they are trying to figure out how to pay for college. There are a lot of different factors that go into determining which colleges offer the best merit aid, and it can be tough to figure out which ones are the best fit for your family.
Here are a few things to keep in mind when you are looking at colleges for merit aid:
1. The size of the school’s endowment.
The size of a school’s endowment is one of the biggest factors that determines how much merit aid they can offer. The larger the endowment, the more money the school has to offer in merit aid.
2. The school’s admissions rate.
The admissions rate also plays a big role in how much merit aid a school can offer. The higher the admissions rate, the more competitive the school is, and the less likely they are to offer merit aid.
3. The school’s tuition.
The tuition at a school also affects how much merit aid they can offer. The higher the tuition, the more money the school has to offer in merit aid.
4. The school’s financial aid policies.
The financial aid policies of a school can also affect how much merit aid they can offer. Some schools have need-based aid policies that favor students from low-income families, while others have merit-based aid policies that favor students with high test scores and grades.
5. The state’s funding for higher education.
The state’s funding for higher education can also affect how much merit aid a school can offer. In states with high levels of funding, schools have more money to offer in merit aid.
Keep these factors in mind when you are looking at colleges for merit aid. The best college for you is the one that offers the most financial aid, based on your individual circumstances.
What are the benefits of attending a college with merit aid?
The average cost of attending a four-year college has risen significantly in recent years, making it difficult for many families to foot the bill without some form of financial aid. Fortunately, there are a number of colleges and universities that offer merit-based aid, which can help offset the cost of tuition.
Merit aid is awarded to students based on their academic achievement, and usually does not need to be repaid. This makes it an attractive option for families who are struggling to pay for college. In addition, merit aid can often be used to cover other expenses, such as room and board, books, and fees.
There are a number of benefits to attending a college that offers merit aid. First, it can help make college more affordable. Second, it can free up money that would otherwise be used to pay for tuition, allowing families to use it for other expenses. Finally, it can help students stand out from their peers when it comes time to apply for jobs or graduate school.
If you are considering attending college, be sure to check out the financial aid options available at your school of choice. Merit aid can be a great way to reduce the cost of attendance and make college more affordable for families.
What are the criteria for choosing a college with merit aid?
The criteria for choosing a college with merit aid can vary from family to family. However, there are some key factors that should be considered when making this decision.
First and foremost, families should consider the cost of attendance at each college. In many cases, colleges with merit aid can be just as expensive as colleges without merit aid. Therefore, it is important to consider the net price of each college.
Next, families should consider the types of merit aid each college offers. Some colleges only offer merit aid to students who meet certain academic criteria. Others may offer merit aid to any student who applies.
Finally, families should consider their own unique circumstances. Some families may have students who are more likely to qualify for merit aid. Others may have students who are more likely to receive need-based aid.
Taking all of these factors into consideration will help families choose the best college for their individual circumstances.
What are the top 10 colleges for merit aid?
The top 10 colleges for merit aid are:
1. Amherst College
2. Williams College
3. Princeton University
4. Yale University
5. Stanford University
6. MIT
7. Harvard University
8. Duke University
9. University of Pennsylvania
10. Brown University
These are the top 10 colleges in the United States that offer the most merit aid to students. Merit aid is financial aid that is awarded to students based on their academic achievement, rather than need. These schools are all highly selective, and they offer generous merit aid packages to attract the best and brightest students from around the world.
If you’re looking for a top-ranked school that offers merit aid, you should definitely consider one of these 10 colleges. You’ll be able to get a great education at any of these schools, and you’ll also be able to save money on your college education.
What are the top 5 colleges for merit aid?
Money magazine recently released its list of the best colleges for merit aid. The list was compiled based on a number of factors, including the percentage of students receiving merit aid, the average amount of merit aid awarded, and the average student debt at graduation.
The top five colleges for merit aid, according to Money magazine, are:
1. Amherst College
2. Swarthmore College
3. Williams College
4. Wellesley College
5. Pomona College
Amherst College, located in Amherst, Massachusetts, topped the list with an impressive 95% of students receiving merit aid. The average merit aid award was $37,000, and the average student debt at graduation was just $7,700.
Swarthmore College, located in Swarthmore, Pennsylvania, came in second with 93% of students receiving merit aid. The average merit aid award was $34,000, and the average student debt at graduation was $9,700.
Williams College, located in Williamstown, Massachusetts, was third on the list with 92% of students receiving merit aid. The average merit aid award was $32,000, and the average student debt at graduation was $9,700.
Wellesley College, located in Wellesley, Massachusetts, was fourth on the list with 91% of students receiving merit aid. The average merit aid award was $29,000, and the average student debt at graduation was $11,100.
Pomona College, located in Claremont, California, rounded out the top five with 90% of students receiving merit aid. The average merit aid award was $27,000, and the average student debt at graduation was $11,700.
As you can see, all of the colleges on this list are highly selective, private colleges. If you’re looking for merit aid, your best bet is to apply to one of these schools.
Money magazine best colleges for merit aid
The search for college scholarships can be overwhelming. But if your child has good grades, there’s a chance they could be eligible for merit-based aid.
To help you sort through your options, MONEY has analyzed data on more than 2,000 four-year colleges to identify which schools are the most generous with merit aid.
We looked at the average amount of merit aid per student as well as the percentage of students receiving any merit aid. We also factored in each school’s sticker price and the average debt of students who borrowed.
Here are the 50 schools that made our list of the best colleges for merit aid.
Abilene Christian University
Abilene, TX
Average amount of merit aid per student: $17,000
Percentage of students receiving any merit aid: 68%
Sticker price: $41,880
Average debt of students who borrowed: $23,960
Abilene Christian University is a private school in Texas with an annual tuition of $41,880. Despite its high sticker price, nearly 70% of students receive some form of merit-based aid, with the average award totaling $17,000. ACU also has a relatively low average debt of $23,960 for students who borrow.
Baylor University
Waco, TX
Average amount of merit aid per student: $16,000
Percentage of students receiving any merit aid: 57%
Sticker price: $47,664
Average debt of students who borrowed: $24,760
Baylor University is a private school in Texas with an annual tuition of $47,664. Despite its high sticker price, nearly 60% of students receive some form of merit-based aid, with the average award totaling $16,000. Baylor also has a relatively low average debt of $24,760 for students who borrow.
Brigham Young University
Provo, UT
Average amount of merit aid per student: $12,000
Percentage of students receiving any merit aid: 36%
Sticker price: $21
What are the best colleges for merit aid?
As the cost of college continues to rise, more and more students and families are looking for ways to offset the expense. One way to do this is by seeking out colleges that offer merit-based aid.
Merit aid is financial aid that is awarded to students based on their academic, athletic, or other achievements. This type of aid can come in the form of scholarships, grants, or even tuition waivers.
To help you find the best colleges for merit aid, Money magazine has compiled a list of the top 10 schools in the nation. Topping the list is Stanford University, which offers an average merit aid package of $50,000.
Other schools on the list include Ivy League universities such as Harvard, Yale, and Princeton, as well as other top-ranked institutions such as Duke, MIT, and the University of Chicago.
If you’re looking for a good value school that offers merit aid, be sure to check out this list. And remember, even if you don’t receive merit aid from a particular school, there are still other ways to finance your education. So don’t let the cost of college deter you from pursuing your dreams.
How to choose the best college for merit aid
Choosing a college is one of the most important decisions you’ll make in your life. Not only will it have a huge impact on your future career, but it will also shape who you become as a person. With so much riding on your decision, you want to make sure you choose the best college for you.
One important factor to consider when choosing a college is whether or not the school offers merit-based aid. Merit-based aid is financial aid that is awarded to students based on their academic achievement, rather than their financial need.
There are a number of benefits to attending a college that offers merit-based aid. First, it means that the school is committed to attracting and supporting high-achieving students. Second, it can make college more affordable, as you won’t have to take out as much in student loans.
To find the best colleges for merit aid, start by looking at the schools that made the list of Money magazine’s best colleges for merit aid. These colleges all have strong programs and are committed to supporting high-achieving students.
Once you’ve narrowed down your list, take a closer look at each school’s financial aid policies. Make sure to look at both need-based and merit-based aid, as you may qualify for both. Also, look at the average amount of aid that the school awards to students. This will give you a good idea of how much you can expect to receive.
Finally, don’t forget to consider the other factors that are important to you in a college. This includes things like location, size, and the type of school. By taking all of these factors into consideration, you’ll be sure to choose the best college for you.
The benefits of choosing a college with merit aid
Choosing a college with merit aid can provide many benefits for students. Here are four of the biggest advantages:
1. More money to pay for college.
The biggest benefit of choosing a college with merit aid is that it can help students save money on their education. With merit aid, students can receive money from the college itself, rather than having to rely on loans or other forms of financial aid. This can make a big difference in the overall cost of attendance.
2. Less debt after graduation.
Another benefit of choosing a college with merit aid is that it can help students graduate with less debt. Since merit aid can help cover the cost of attendance, students will have to borrow less money to pay for their education. This can lead to a lower monthly payment after graduation and less debt overall.
3. More options for colleges.
When students are looking for colleges, they often have to narrow their search based on the cost of attendance. However, if students are willing to consider colleges with merit aid, they may have more options to choose from. This can lead to a better college fit and a more enjoyable college experience.
4. A boost to your resume.
Attending a college with merit aid can also look good on a student’s resume. Employers often view students from these colleges favorably, as they know that the student had to meet certain academic standards to receive the merit aid. This can give students a leg up when applying for jobs after graduation.
The top colleges for merit aid
When it comes to paying for college, merit aid is a great way to get money for school without taking on loans. And while there are many schools that offer merit aid, some colleges are better than others when it comes to awarding this type of financial aid.
Money magazine recently released its list of the best colleges for merit aid, and there are some great schools on the list. Here are the top five:
1. Pomona College: This top-ranked liberal arts college in California offers generous merit aid packages to students who qualify. In fact, nearly 60% of students receive some form of merit aid, and the average award is over $30,000.
2. Amherst College: Located in Massachusetts, Amherst is another top-ranked liberal arts college that does a great job of awarding merit aid. In fact, nearly half of all students receive some form of merit aid, and the average award is over $32,000.
3. Williams College: Also located in Massachusetts, Williams is another top-ranked liberal arts college that is generous with merit aid. Nearly 60% of students receive some form of merit aid, and the average award is over $29,000.
4. Stanford University: This top-ranked university in California is well-known for being generous with financial aid, and that includes merit aid. In fact, nearly 70% of students receive some form of merit aid, and the average award is over $27,000.
5. Princeton University: Another top-ranked university, Princeton is located in New Jersey and is also generous with merit aid. Nearly 60% of students receive some form of merit aid, and the average award is over $28,000.
If you’re looking for a great college that will give you merit aid, these are five of the best. All of these schools are highly ranked and have a history of awarding generous financial aid packages to qualified students. So if you’re looking for a great school that won’t break the bank, these are five of the best options.