<p>Just curious how their aid works. It states on their website that they meet 100% of demonstrated need through a combination of grants, scholarships, and loans. My question: is the loan portion they are referring to generally federal loans for the student or do they expect people to take out private loans? My son is very interested in this school and we will not be able to take out any private loans (credit problems). I expect our EFC will be in the 8-10K range which we will be able to pay.</p>
<p>If you look at the Common Data Set for any school, the numbers there will not include any private loans or parent loans…this is usually a very good source of financial aid information. Btw, if you find that you need extra loans but can’t qualify, you can apply for a Parent Plus loan, which has a much simpler credit check (for bankruptcy and recent delinquencies > 90 days). If you’re denied, your child can request an additional unsubsidized Stafford loan of up to $4,000.</p>
<p><a href=“Office of Institutional Research | Kenyon College”>Office of Institutional Research | Kenyon College;
<p>Thank you; very helpful!</p>
<p>I doubt Kenyon packages private loans. But Kenyon does practice tuition discounting - they are looking for high paying customers and are willing to give merit money to attract qualified good paying apps. If your stats are borderline but have the dough, this might be a good place to apply.</p>
<p>Hmmm…I haven’t heard the term “tuition discounting” before. However, from looking at the common data set, Kenyon does give aid to lots of students and the average package is around 30K. My son’s stats look pretty strong for Kenyon; in or above the mid-50 range. He is a recruited athlete (don’t know if that makes a difference at a DIII school or not).</p>