Most families and students are not only faced with the question, “Can I get into my college of choice?” but also, “Can I afford to attend that college?” President of Iowa’s Grinnell College, Dr. Raynard Kingston discusses where his college stands on need-blind admissions and meeting full need in the audio clip from NPR radio below.
Understanding the terms:
What does need blind mean in college admissions?
When a college is need-blind it does not consider student and family finances in its admissions decisions.
What does meeting full need mean?
Each family has a unique EFC (Estimated Family Contribution) amount that is calculated through the Federal Methodology (FM – based on the FAFSA) and/or Institutional Methodology (IM- based on the PROFILE). This dollar amount is what the government and the school feel the student and family are able to pay toward the student’s college education. Meeting full-need means that the college will cover the balance of the cost of school, beyond the EFC, through grants, loans and work-study. When full-need is not met, the student/family is considered “gapped”. They are required to pay more than their Estimated Family Contribution(EFC) in order to attend that school.
(An example of Meeting Full Need: School Cost= $40,000 EFC= $12,000 The remaining $28,000 to finance the education comes from grants, loans and work study)
Is it worth it to colleges to continue these practices? Is it feasible? President of Iowa’s Grinnell College, Dr. Raynard Kingston discusses why Grinnell College considered eliminating need-blind admissions. Click the microphone below to hear his interview on NPR Radio.
- Being Blind To Financial Need: Is It Worth It? (npr.org)
- Need and Want, Inside Higher Ed, 10/30/2012
- The Six-Step Process to Finding your “Best-Fit” in Higher Education
- When Do We Get Started?
- College Scholarships