The Princeton Review Ranks Colleges On Financial Aid

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Students who are in the process of choosing a college may want to review some of the publications put out by The Princeton Review. Not affiliated with Princeton University and not a magazine, the private company is considered a leader in providing quality higher education tools (particularly reference books) for students and their parents.

One survey that is getting a lot of attention is its “2010 Financial Aid Rating Honor Roll” which can be found in their “The Best 371 Colleges” book. That survey graded 623 colleges and universities on a scale of 60 to 99 for their financial ratings, with thirteen schools receiving a top score.

Which Colleges Rate The Highest

piggy bankThe Princeton Review tallied the ratings based on data from its surveys of administrators at hundreds of schools in 2008-09 and its surveys of student aid recipients attending the schools. School data included the percentage of their students determined to have need who received aid, the percentage of need met, and the percentage of students whose aid was fully met. The rating also factored in data from The Princeton Review’s surveys of students attending the schools about their satisfaction with their aid awards.

This list, published in “The Best 371 Colleges,” salutes 13 institutions that received the highest possible rating score of 99 and includes (in alphabetical order):

  • American Jewish University (Bel Air CA)
  • Beloit College (Beloit, WI)
  • Bowdoin College (Brunswick ME)
  • California Institute of Technology (Pasadena CA)
  • Claremont McKenna College (Claremont CA)
  • Gettysburg College (Gettysburg PA)
  • Harvard College (Cambridge MA)
  • Lake Forest College (Lake Forest IL)
  • Swarthmore College (Swarthmore PA)
  • Thomas Aquinas College (Santa Paula CA)
  • Wabash College (Crawfordsville IN)
  • Washington University in St. Louis (MO)
  • Williams College (Williamstown MA)

Said Robert Franek, V.P. / Publisher, The Princeton Review, “The cost of college at most institutions is sobering, and the need for financial aid greater than ever in these tough economic times. But we encourage applicants never to cross a school off their list because of its sticker price, and always to get information about the schools’ financial aid offerings, and their award prospects which can be truly compelling.”

Finding Aid Is Important

These days, families are more concerned then ever before that funding is available for students pursuing higher education. By learning which schools provide the best financial aid, parents and students might be able to save thousands of dollars annually while minimizing, even foregoing student loans and other debt options.

Source: The Princeton Review

Adv. — Do you need financial aid for this semester? Have you exhausted all other options? If you answered yes to both questions, then visit your Sallie Mae lender for more information or call them directly at 866-530-9523.

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Categories: Finance