Skip to main content
No. of Recommendations: 3
Both my brother and I went to schools on the "most affordable" list that you would not have expected to be affordable, but they actually were affordable. My school did have a lot of students whose parents were wealthy and could afford the full ride, but there were plenty of people there who relied on grants, loans, and work-study jobs to get through. My parents had saved pretty hard, but they weren't wealthy. My roommate/best friend's parents were a police officer and a SAHM, and another friend's only parent was a janitor. The schools did this by admitting everyone need-blind--that is, without regard to ability to pay-- and then they made sure the financial aid package actually covered then need. At the time I attended loans still made up part of the package but I believe now tuition and board are entirely covered by grants.

The only reason they can do that, of course, is due to their large endowments and it's not really a selfless move--they are looking to attract the best students they can and financial aid is a big selling point. But the colleges' commitment to ensuring that the students they choose to admit are financially able to attend is the main reason why our alma maters continue to get a donation from me and my brother every year.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.