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Tuesday, January 10, 2012

Paying Full Price for College Tuition - Who Does It Apply To?

Many people ask the question, who has to pay full price tuition, and who gets the discounts? Many people will then assume that since their parents make a certain amount of money that they will not be eligible for grants from the government or from the colleges or universities they are applying to.

If you think about college tuition logically, then the students, who can't afford the maximum tuition, were usually paying the maximum amount. If the college accepts you as a student, but they really do not want you to attend or do not like you, then they will require you to pay the full amount. Believe it or not, there are some students who do not apply for financial aid in any way. The colleges and universities will automatically assume that the students can afford the full tuition price. If you come from a family who is worth millions of dollars, the chances are you will not need the money as much as another student coming from a working-class family whose combined income is $50,000 per year.

By marking up the sticker price for college, then offering higher discounts for students who are in need, everyone thinks that they are getting such a good deal. This is all just part of business in basic psychology. Member, colleges and universities are a business that makes money when you attend. The college admissions officer is the salesman for the college.

Pvt. Colleges that are very expensive, usually about $15,000 per semester, generally offer more of a discount for students in financial need. Many colleges stand behind the only money they offer and forms of assistance to students are the ones who are in need of assistance. Pvt. Colleges can do as they please with their own money, so they make their own rules and break their own rules. Whether this is fair or not, this is totally legal because it is a private institution.

There is a way to get a discount off of the sticker price if you are paying with cash and you have no financial aid assistance. This is where negotiation and bargaining comes into play. You may need the help of your parents, since they will most likely be the ones writing the check. Many colleges and universities offer discounts in the form of merit scholarships, which can be determined on an individual needed basis. Colleges would rather use the word merit scholarship, instead of calling it a discount. It is really all the same, just with different names. Make sure to ask about this discount to save money on your college tuition.

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