WellesleyWeston Magazine

WINTER 2014/2015

Launched in 2005, WellesleyWeston Magazine is a quarterly publication tailored to Wellesley and Weston residents and edited to enrich the experience of living in two of Massachusetts' most desirable communities.

Issue link: https://wellesleywestonmagazine.epubxp.com/i/410492

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Page 169 of 227

168 W e l l e s l e y W e s t o n M a g a z i n e | w i n t e r 2 0 1 4 / 2 0 1 5 college is an expensive proposi- tion. The estimated cost to attend Amherst this year is $68,979. Boston College weighs in at $63,296. University of Massachusetts at Amherst is a relative bargain at $23,198 for in-state residents. How are families affording four years of college payments for their children? According to the National Center for Education Statistics, 85 percent of college students receive some form of financial assistance to help defray or postpone the cost of a college education. This tuition assistance can take the form of grants, loans, and work-study opportunities underwritten by the college or university the student will be attending and/or the state and federal government. In addition, many colleges and universi- ties, corporations, and foundations grant merit-based scholarships. These subsidies, which are awarded on the basis of academic performance or special interests and talents, rather than financial need, take the form of grants that do not accrue interest nor need to be repaid. Merit money can be helpful to any family, but is especially useful to families who are not eligi- ble for financial aid, but for whom the price of college may be a stretch. Securing a merit schol- arship can also be an effective way for students to contribute to the funding of their education. M E D I A B A K E R Y learning academics scholarship schoolwork curriculum teachers research Show Me the Money Merit Scholarships for College L I S A L E S L I E H E N D E R S O N writer education

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