Cutting College Costs: 273 Community Colleges with Dorms

Girl on bed in community college with dorms

girl on bed with computer in community colleges with dorms(I’ve updated the number of community colleges with dorms with data available from IPEDS in March, 2023.) As families recoil in horror contemplating the price tag of four years of college, some start to look more closely at all of the available options, including community colleges with dorms. Since community colleges are offering more traditional college amenities such as dorms, honor programs, sports, and student activities, they are becoming a more attractive way for families to seriously cut their college expenses.

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Harvard Scholarships: No Such Thing

Acceptance letter and hand calculating Harvard Scholarships that don't exist

Hand holding letter and calculating Harvard Scholarships that don't existBy no such thing as Harvard Scholarships, I mean no such thing as Harvard Merit Scholarships. So if you’re thinking you’ll be able to pay for Harvard based on your kid’s academic qualifications (after all, they were good enough to get into Harvard) you need to think again. The reward for your student’s amazing accomplishment is the acceptance letter itself. Any scholarships Harvard hands out will be based on financial need, not academics.

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You Can’t Get Merit Scholarships From a College You Never Apply To

hand blocking bag of money representing not applying to colleges offering merit scholarships

hand rejecting bag of money representing applying to colleges without generous merit scholarships.In a previous post, I defined Expected Family Contribution (EFC), how it works theoretically, and what happens in the real world. For many families, the difference between theory and practice is irrelevant since their EFC (with changes to financial aid, soon to become the Student Aid Index) is much higher than their actual ability to pay. There are steps that you can take to reduce your EFC, and you should definitely do so if you have the opportunity. However, the fact is that you’re likely to do more to cut the cost of college by targeting the right schools for merit scholarships than by trying to rearrange your finances.

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Why Your EFC Should be how you Start Your College Search

playing pieces at start representing using efc to search for colleges

getting started game piecesWhat is EFC? To start your college search, you need to be able to answer this question. If you’re like most parents starting the college search process, you don’t have a clue what EFC means. In fact, most parents don’t understand until they are well into the college application process which is not a good thing.

So what is EFC? EFC stands for “Expected Family Contribution” and is the term used by the Federal Government and colleges to state how much parents are expected to pay for their child’s college education. (EFC is being renamed the “Student Aid Index” for the 24-25 award year but it will still function the same as EFC.)

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Colleges that Meet 100% of Financial Need Depending on How You Define Need

money with a chain and lock representing colleges that meet 100% of need

Chained money representing colleges that meet 100% of need(Updated for 2023) Probably the biggest shock families experience as they consider their college options is finding out how much they’re expected to pay for college. But I think a close second would be how few colleges are actually able to meet the family’s admittedly flawed calculated need. According to the Common Data Set and college websites only 75 colleges and universities claim to meet 100% of a student’s financial need.

If a family is able to show financial need, good luck in finding a school that will actually cover it.

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5 Rules About Paying for College That Most Parents Don’t Know

Woman in glasses and casual attire using a laptop with a blank screen to research ways to pay less for college, sitting on a gray sofa with her feet up.

Woman reading about paying for college (Updated for 2023) If you want to get any financial aid, you need to submit college financial aid applications such as the FAFSA and PROFILE. This is obviously a critical step: no application, no aid. But if you want to pay less for college, it certainly isn’t the first step.

The fact is that the FAFSA is just one of the final steps of many in paying for college. I’m not talking about the savings account you were going to set up for your kids when they were little but never got around to. What I’m talking about are the things you need to know before students even start applying to colleges. Before you even start making a college search list, much less worrying about completing the FAFSA, you should know the following five things about paying for college.

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21 Schools to Avoid if You’re Making a List of Affordable Colleges

student thinking about which schools to include on her list of affordable colleges

college student thinking about Schools to Avoid if You’re Making a List of affordable collegesIn case you haven’t heard, some colleges are more likely to provide you institutional scholarships and grants than others. Some are more generous with merit aid while others give better need-based aid. And just as some colleges are known for their aid, there are those that are known for the lack of it and shouldn’t be found anywhere near a list of affordable colleges. In this post, I’m listing 21 colleges that you should avoid if you’re looking for significant help in cutting the cost of college.

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50-50 Highlights: 105 Overlooked Colleges for National Merit Scholarships

student with money from colleges with national merit scholarships

student with money from colleges for national merit scholarships(Updated 2023) The National Merit Scholarship® Program seems like a great opportunity for test savvy high school students and their families to make a substantial dent in college costs. Well, it really all depends. Much to the surprise of many families, being a National Merit® Finalist doesn’t mean a full-ride scholarship to the college of your choice.

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12 Days of Christmas 2022: Day 12

Image showing the number 12 and the words "Frequently Asked Questions" next to an illustration of a child dressed in a marching band uniform playing a drum, focusing on college admissions and financial aid FAQs.

12 days of christmas(I’m taking a break from regular blogging and newsletters during the holidays. Hope you enjoy the DIY College Rankings version of the 12 Days of Christmas.)

On the twelfth day of Christmas, DIY College Rankings wrote to me:

The twelve most viewed Frequently Asked Questions for the year.

What is a Tier 1 school? (university or college)

If my EFC is 0 does that mean I can go to college for free?

What is a flagship university?

What is a likely letter?

What is a Public Ivy?

What is the Common Data Set

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