Monday, January 2, 2012

What will college cost? Where do we find scholarships?

Parents:

What do you need to know about the cost of attending Kettering University? Who determines the types of financial assistance your student can expect to receive in order to help pay for college?

Last year, 98% of our entering class received some form of financial aid to assist with costs. Financial aid may consist of a combination of grants, merit scholarhips, federal work-study, or loans. Remember that Kettering students currently earn between $40,000 and $65,000 in co-op job wages over the duration of their program of study. Your student may very well use these earnings toward future tuition payments. This is a huge benefit that makes Kettering unique!


Students attend classes for two terms per year. (Students do not pay tuition for the terms during which they work their co-op jobs.) 

Let me re-emphasize that your student may qualify for aid to greatly reduce costs. How does this work? Here is a short explanation:
  1. Kettering offers generous academic or "merit" scholarships, based on each applicant's GPA and best SAT or ACT scores. Students are automatically considered for this scholarship upon admission to Kettering.  Use our merit scholarship calculator at to determine eligibility. Accepted students are notified of their award by letter.
  2. FAFSA filing. We encourage you to fill out and submit the FAFSA (Free Application for Federal Student Aid) on http://www.fafsa.ed.gov/available after January 1, 2012. This form costs nothing to file and determines your student's eligibility for need-based grants, loans and federal work-study on campus. Help us give you the maximum assistance by filing the form and listing Kettering University (our FAFSA code is 002262).  
  3. Additional scholarship searches (scholarships that your student earns on his/her own, which can be applied toward Kettering tuition). Some additional scholarships and search engines can be found as you scroll down our scholarship calculator web page.  Each year, many students submit applications and essays for the scholarships listed on this page.  Other scholarships that students earn from their schools, communities, and other organizations may also be applied toward Kettering's cost.
  4. Important to know: Starting mid-March our Financial Aid Office will send your student his/her financial aid award letter in which you may view all of the aid (based on the FAFSA information) for which your student is eligible. This letter will help you determine your final Kettering cost for next year.
The admissions staff and financial aid counselors at Kettering are ready to answer any questions that you have about this process!  Please get in touch with us if you need assistance (toll-free at 1-800-955-4464, ext. 7865.

Listed below are a few federal government web pages that provide helpful information. I encourage you to take a look at these sites and read up on the financial aid process. It may be well worth your time.


http://www.fafsa.ed.gov/

http://studentaid.ed.gov/PORTALSWebApp/students/english/funding.jsp#02

http://studentaid.ed.gov/PORTALSWebApp/students/english/repaying.jsp


Here are a few additional sites that may be useful for scholarship searches:

http://www.zinch.com/
http://www.scholarships.com/
http://www.scholarships360.org/

1 comment:

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