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10 of the Colleges With the Most Financial Aid

Posted Nov 5 2011 - 7:00pm

8. Lake Forest College

Tuition (both in-state and out-of-state): $37,000
Average Financial Aid Package: $7,505
Average Percent of Need Met: 80%

Located in Illinois, this liberal arts university offers students several chances for need-based and merit-based financial aid. Undergrads can apply for loans, grants (which don’t need to be repaid), or work-study to help fund their education expenses. Director of Financial Aid Gerard Cebrzynski explained that Lake Forest also has a series of educational seminars to help students become more familiar with finances. “We offer value-added programs (free classes on practical topics) for our students, like a financial literacy program that eases the transition from senior year into the real world,” he said. These programs cover topics like budgeting, student loan repayment, and credit scores.

9. Hollins University

Tuition (both in-state and out-of-state): $31,000
Average Financial Aid Package: $6,000
Average Percent of Need Met: 85%

Aside from federal and state financial aid, Virginia-based Hollins University offers both merit-based scholarships and need-based grants to undergraduate students. According to financial aid director Mary Jean Corriss, Hollins receives several generous donations each year. These contributions from alumnae and donors allow the university to offer large amounts of aid. Corriss also noted that Hollins’s small size is an asset. “Our Office of Scholarships and Financial Assistance has an open door policy and an interactive staff that gets to know our students and their families very well. When a financial emergency occurs for a family, we are better able to react, communicate, and address their financial aid concerns than a large university would.” 

10. Northeastern University

Tuition (both in-state and out-of-state): $39,000
Average Financial Aid Package (for four years): $5,696
Average Percent of Need Met: 69%

Northeastern offers aid through grants, loans, and scholarships, but this Boston school differentiates itself through its well-established co-op program. This allows undergrads to alternate periods of study with real-world work experience. This gives students the option of using the money they earn toward their educational costs if they wish. If you want to add polish to your resume and make some money while you’re at it, be sure to check out Northeastern.

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