We wanted to share a quick exchange with our households on our $1,000 No Essay Scholarship contest that closed at first of April.
Due to everyone who took the time so as to add financial help award letters. We sincerely hope that our award analyzer supplied each affirmation that you just obtained the simplest deal, or added notion into doable enchantment alternate options.
How Did You Qualify for the No Essay Scholarship?
Merely as a reminder, to be entered into the $1,000 No Essay Scholarship you had been required so as to add a financial help award letter from considered one of many colleges or universities you had been accepted to for the 2023-2024 college yr. You probably can add as many award letters as you wanted. Each uploaded award letter was a separate entry. The additional award letters you uploaded to your MyCAP account, the additional possibilities your determine was entered into the competitors.
Info on Enchantment Uploads
Our Take into account & Enchantment performance was added to the MyCAP platform at first of March. All through our No Essay Scholarship contest we had over 1000 award letters uploaded! We’ve had 441 households add award letters since we launched this instrument. Practically 1300 entire awards had been uploaded to our platform for the 2023 admissions cycle, and 81% of those obtained right here in all through our contest interval. WOW! We’re excited to see this revolutionary attribute help so many households all through the appeals course of.
Perform of Award Analyzer
Certainly one of many main causes we created the award analyzer and Take into account & Enchantment performance was to empower and educate our households. The financial help course of is nuanced, sophisticated, and ever altering. We actually really feel that if we’re capable of practice and current you the way one can understand and interpret your financial help awards, you could make assured choices.
How Does It Really Help?
To know the way the award analyzer truly helps, let’s start at first.
- On the MyCAP platform we require your profile to be stuffed out 100%. This suggests you’ve entered your financial information, family information, and your pupil’s grades and try scores (if related.) This allows our software program program to calculate your EFC (Anticipated Family Contribution.)
- Your EFC is used to guage any need-based help you is perhaps eligible for at each college you is perhaps considering (or importing financial help letters from.)
- Our software program program calculates your potential need-based help by subtracting your EFC from the Sticker Worth or Worth of Attendance marketed on each college tile that is in your dashboard.
- Then seems on the proportion of need met by the faculty AND how a number of that need is met by way of grants versus loans to supply you a attainable need-based grant amount.
- Our software program program moreover shares a attainable profit award amount that you may be acquire based in your GPA and/or check out scores and what each college provides in computerized scholarships.
- As quickly as you is perhaps armed with this information you probably can look at it to your award letters to see if the schools are offering you the same amount that we anticipated them to.
- Everytime you add your letter to our platform we’re capable of further analyze it for you.
- We take a look at how each specific schools generally approaches financial help, as an illustration:
- Our award analyzer will then current the excellence between our anticipated first yr internet worth and the faculty’s award letter first yr internet worth
- We’ll share doable parts that can contribute to a worthwhile enchantment based in your specific family state of affairs and the way in which the faculty generally handles financial help.
- And ultimately, we share what we predict your odds are for a doable enchantment ranging from low to very sturdy (Please have in mind, we’re capable of NEVER guarantee a worthwhile enchantment. That is lastly as a lot as the college or school.)
At this stage, you’ve acquired the devices and information to know that you just’ve gotten the easiest deal from the faculty, or you’ve got an opportunity for an enchantment.
Must you used our software program program and appealed to a faculty or school effectively, we’d like to hearken to your story! Your success means the world to us. You probably can share your story proper right here on our overview internet web page, or ship us an e-mail.
Now Regarding the $1,000 No Essay Scholarship Winner??
Correct! We haven’t forgotten – I promise! We really haven’t chosen our winner however. We want to share the nice info LIVE so we is perhaps spinning our Wheel of Names at our upcoming webinar on Paying and Borrowing For College significantly for all of our Class of 2023 households! Register proper right here and be part of us on June 1, 2023 at 7PM ET. You wouldn’t should attend the webinar reside to win the scholarship.
All of our names are already entered in our wheel, nonetheless we’d love as a way to be part of us! It’s a win-win state of affairs. Guarantee you recognize the ins and outs of how one pays your upcoming fall college bill AND be there reside for the scholarship award announcement!
Bear in mind, we’re proper right here to help YOU. We want to see your family members get the easiest deal for college! The awards analyzer and Take into account & Enchantment a part of our MyCAP software program program is a way we might assist. Our end purpose is to remember to are comfortable, assured, and captivated with your teen’s subsequent steps for college. And for us, that means you’ve made fiscally accountable choices so that paying for college isn’t a burden.