Alliance Bernstein is an investment company. On their website some interesting fact can be gleaned about how Americans view scholarship possibilitiess and what is actually the case.
72% of American families believe that if their children have special talent, their children will be awarded a scholarship.
97% of Financial Aid Administrators think parents have a false sense of security with regard to scholarships.
72% of parents push their kids to get good grades so they can get an academic scholarship.
92% of FA admin think parents overestimate the scholarships and grant money available.
47% of parents encourage excellence in sports for scholarships.
66% of FA admin believe that scholarships and grants are less available.
38% of parents coaxed artistic/musical ability for scholarships.
73% of FA admin say that less than half of those who apply for aid are financially able to meet the financial contributions.
There seems to be a difference between perception of parents and the picture painted by the financial aid administrators.
I didn't plan on paying my all of my kids college expenses and I did think there was more available than there really was. So, I am guilty.
Thankfully, my younger boy did get a full-sports scholarhip (pardon the bragging) but I didn't push him in that direction (honestly).
Are you ready for your kids to go to college?
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