<p>mcvik:
I find the advice on the Parents Forum is generally better than here on Search and Selection, so you might head over there too and post your question again. (See if you can get Carolyn to respond.) </p>
<p>Many parents have been through this already (some several times) and the advice regarding aid tends to be more accurate on that forum (parents tend to pay attention to that stuff!). There are a couple of big threads at the very top called Master List of Merit Awards and Schools Known for Good Merit Aid which give some pretty good information.</p>
<p>In general the feeling is that you need to be in the top 15% or so of applicants statistically to get GOOD merit aid - and of course that is at schools which give merit aid. So just looking at a school's profile you can judge where your student fits. They will certainly be safety schools. For instance if your child is just an average acceptee then you probably will not get great (or maybe ANY) merit money - they are using that money to attract TOP students (relatively speaking) for their school. </p>
<p>Most of the colleges have a page somewhere on their web site where they will describe their merit scholarships. Some are very broad and automatically part of the regular application. Some are very narrowly focused. Some require extra paperwork, essays, or an earlier date. Many schools favor kids who have interviewed and "show interest." Some are perhaps less likely to offer your kid good money if they are clearly the last choice. </p>
<p>In general the false impression given here on CC is that there is TONS of merit money and kids routinely get offered full rides etc. This could not be further from the truth. This is a self-selected bunch on here - many with very very strong stats, some good story tellers, and some who confuse need-based aid with merit money. (Although sometimes that is difficult to differentiate.)</p>
<p>As far as your question about Penn State vs. a lower ranked private school: For our family choosing a "lower in the pack" LAC with a hefty scholarship made sense. (But we were looking at SUNY for our state U - not on par with Penn State.) My son would not have been happy at a really big school - but that depends on the kid! Some kids are miserable at small schools. The trick is to find the type of school your child will thrive at, for a price you can swing. For my second son a big school like Penn State (with a very strong engineering program) might fit the bill just fine. I am of the opinion though, that there is not as much difference between the 15th school in the US News ranking and the 50th school as people whould like to believe. My child is very happy and doing very well academically at a 51st ranked college. I really do not believe he would be any happier or more successful at the 11th ranked school - regardless of the $30,000 a year difference. But that depends on the kid and the family. If I could readily afford to send him to Harvard (and if he could get in), yeah, I'd send him to Harvard!</p>
<p>For many families they also feel strongly about being able to help out with graduate school, or law school or whatever. So that is often a consideration too. Also, honors programs within state universities can fit some kids wonderfully. (Digmedia's kid is a good example of that at Ohio University. Do a search for some of his posts.)</p>
<p>I have had friends whose kids have applied to schools like this: They choose, for instance, 5 DREAM - reach or match - schools and throw in an application to State U as their safety. They get rejected at 2 of the dreams, get in to the other 3 with zero or very little money. Then they suddenly realize they actually have NO CHOICE at all. They are off to State U. That is the scenario that is not good. You want your kid to have some sort of choice at the end.</p>