The cost of college today is no joke. You may spend anywhere from $40, 000 to $140,000 or more for a four-year degree. That is just the cost of tuition and fees. It does not include things like room and board or transportation. Of course, the final dollar figure depends on many factors, like whether you go to a public university in the state where you live or a private ivy league school or something in between. No matter how you slice it, the piece of the pie for college is large and growing.
How do parents and students afford the rising costs of a college education? Most students receive a financial aid package from the school they choose. The financial aid package includes a variety of sources of financing including grants, scholarships, and student loans. One way to minimize your student loan debt is to qualify and compete for as many scholarships as you can. This is where the PSAT is valuable.
The PSAT test serves two functions. First, it is a practice run for the SAT. The second function it serves is to help your child qualify for the national merit scholarship competition. Every student who takes the PSAT in their 11th grade year potentially qualifies for a variety of merit scholarships ranging from a one-time $2500 scholarship to $10,000 a year renewable for four years. Would that help you pay for a college education? It certainly helped me.
To be considered for the National Merit Scholarship Competition your child must earn high scores on the PSAT.
Here’s where The Tutor’s Table can help. I offer a PSAT Test Prep course to help students prepare for this qualifying test. Call me TODAY for more information.
While your child can take the SAT multiple times (it is offered monthly) and combine their best scores to submit to the college admissions office, they only have one chance to qualify for the National Merit Scholarship competition. The PSAT is only offered once each year in October. Only students taking the exam in 11th grade have the opportunity to qualify for National Merit recognition and scholarships. Most public schools offer this test for all students who plan to take the SAT. Students can take the test in their sophomore and junior years. Only junior year scores count towards the scholarship competition.
Some schools have begun offering the PSAT 8/9 to students in 8th and 9th grades to begin to prepare for the actual test in 10th and 11th grades.
At The Tutor’s Table, I offer PSAT test prep for students going into 8th grade through 11th grade. To register for classes beginning June, 2017 contact me NOW.