Prospective college students looking for excellence and value can turn to a new ranking by MONEY magazine of institutions “that provide a top mix of quality and affordability” in terms of their merit aid.
From a database of 700-plus colleges and universities, Centre College came in at #7 in the nation in the new “10 Best Colleges for Merit Aid” ranking for 2019. To make the list, colleges had to have an average grant of at least $22,000 per year.
The methodology was based on “a combination of the share of students who receive merit aid, the size of the average grant, what share of the sticker price the average grant covers and a college’s overall MONEY rank.”
President John Roush, long a proponent of Centre being a place of “high achievement and high opportunity,” said the ranking “affirms the College’s mission to keep the American dream alive by making a quality education accessible to talented students from a range of backgrounds.”
MONEY calculated that 37 percent of students receive merit scholarships at Centre, with an average award of $22,457.
In fact, Centre has one of the nation’s more impressive and generous set of scholarship programs, and its family of awards includes three premier scholarships that offer full tuition or are full-tuition-plus.
The Grissom Scholars Program offers 10 full-tuition awards per year and $5,000 in total enrichment funds to talented first-generation college students. The Brown Fellows Program and Lincoln Scholars Program each award 10 full-tuition-plus scholarships per year, along with funded enrichment experiences.
In addition, general merit scholarships range from $5,000 to $26,000 per year, and the Bonner and New Horizons special scholarships award $26,000 per year, along with priority consideration for additional financial aid.
To assure this level of support long into the future, and to grow it further, the recently completed Third Century Campaign, which raised $210 million, had as its top priority building the College’s endowment for student financial aid and scholarships.
More information on the MONEY magazine “10 Best Colleges for Merit Aid” can be found here.
by Michael Strysick
February 28, 2019