Scholarships & Financial Aid

Academic Scholarships

  • Many colleges offer scholarships based on academic achievement, standardized test scores, talent, and leadership in order to attract outstanding students. Competition for these scholarships is intense.
  • Each college lists available scholarships on its website.
  • It is the student’s responsibility to explore scholarship opportunities.
  • Students may apply for some scholarships; Country Day must nominate its candidates for others; and some colleges select candidates from the applicant pool without any separate application.

Financial Aid

  • Financial aid is assistance based solely on “need”--the family’s ability to pay versus the cost of attending a college.
  • To determine the amount of need your family has at a particular college, the college will require your family to submit a standardized financial statement--the Free Application for Student Aid (FAFSA).
  • Families may also be required to answer additional questions on a separate, non-federal form in order to be considered for state or institutional aid--the CSS PROFILE form from the College Board. A fee is charged for processing this form.
  • Parents must complete both of these forms online.
  • The college will try to offer a financial aid package (consisting of work/study, loan, and grant) which will absorb the difference between the expected family contribution (EFC--based on the college’s computation of the family’s ability to pay) and the actual cost of attending that college.
  • The actual cost of attendance includes not only tuition, room and board, but also transportation, books, etc.
  • Since college costs vary, the amount of your financial aid package may also vary from college to college.
  • Many colleges have a Net Price Calculator on their website-–a useful tool for families to estimate their cost of attendance.
  • The best source of information on financial aid and scholarships can be found online.
  • Avoid any web sites that require payment. The best sites are free.
  • Parents should also contact the financial aid offices at the colleges and universities their students are applying to; it is the financial aid office’s job to help and provide parents with the appropriate information.

Financial Aid Tips
Helpful Financial Aid Web Sites