Friday, June 4, 2010

High School Scholarships vs Financial Aid

Lots of people here in Puerto Rico that we have spoken to or overheard discussions about how their son can get a scholarship to an elite private, catholic or prep school are confused. To start elite high school basketball programs do not give scholarships like they do in college. Opportunities to attend a school can be based on academic performance coupled with athletic ability. The amount of money a school rewards a family is based on need. Schools typically have a financial aid office or coordinator who requires parents to fill out a financial aid form.
Each school has a certain amount of money per year which can be used to offer "financial aid based on need".

While there are schools which offer scholarships for academic performance most elite high school programs use the financial aid as a means to cover the cost of tuition, room and board.