Admit it. Education is becoming increasingly expensive and many families are falling into an unspeakable and undesirable gap. This gap is the difficult space between meeting rigorous admission requirements and the sizable financial aid packages required to make enrollment realistic. Inside Higher Education followed the recent conversation about financial gapping at the College Board Forum, “Not So Need Blind.”
In the current economy, more students are falling into the gap created by financial aid packages. Many colleges claiming their admission is “need blind,” a process where admission decisions are made without reference to a student’s financial aid request, do not offer financial awards to cover the needs. These needs are determined by the Free Application For Student Aid, FAFSA, and the Expected Family Contribution.
Financial planning is a critical part of the college admission process. Families should fully understand their options and responsibilities for financing an education. A mishap or mistake could determine whether you receive a financial aid award that meets your true financial need.
In other words, you may get in–but be unable to pay the price demanded.
Brian D. Crisp is an independent educational consultant working with families in Asheville, Charleston, and Savannah to optimize and realize their unique educational fit and admission success. As a former professor, administrator, and teacher, Brian has the knowledge and skills to counsel families in all aspects of educational planning.