"More than half of parents with teenage kids would be willing to donate to a college or university if it helped their child’s chances of gaining admittance, according to a recent Student Loan Hero survey. And almost 1 in 4 of them would hand over as much as $10,000," Student Loan Hero reports.
"That might be good news for students whose parents could make such a donation — not to mention paying for other things to help the process, like test prep and tutoring. But what does it mean for families with not-so-deep pockets?
Lower-income and first-generation college students undoubtedly face far more obstacles when it comes to a college admissions process that favors wealthier students.
Offering financial help and taking income disparity into account will open the school to a wider group of prospective students, said Erin Powers, the communications director of the National Association of Student Financial Aid Administrators.
'Merit-based aid is certainly one of the tools an institution will use in trying to attract talented students and create a diverse student body,' she told Student Loan Hero. 'A robust admissions and enrollment management model will take into account several different factors that try to give a fuller picture of an applicant, rather than solely looking at test scores.'"
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 1/3/2020