We wanted to share a quick exchange with our households on our $1,000 No Essay Scholarship contest that closed at first of April.  

Due to all people who took the time so as to add financial help award letters.  We sincerely hope that our award analyzer provided each affirmation that you just obtained the best deal, or added notion into doable enchantment options.

How Did You Qualify for the No Essay Scholarship?

Merely as a reminder, to be entered into the $1,000 No Essay Scholarship you had been required so as to add a financial help award letter from one in every of many colleges or universities you had been accepted to for the 2023-2024 school yr.  You presumably can add as many award letters as you wanted. Each uploaded award letter was a separate entry. The additional award letters you uploaded to your MyCAP account, the additional chances your determine was entered into the competitors.

Info on Enchantment Uploads

Our Think about & Enchantment performance was added to the MyCAP platform at first of March.  All through our No Essay Scholarship contest we had over 1000 award letters uploaded! We’ve had 441 households add award letters since we launched this instrument. Almost 1300 entire awards had been uploaded to our platform for the 2023 admissions cycle, and 81% of those bought right here in all through our contest interval. WOW! We’re excited to see this revolutionary attribute help so many households all through the appeals course of.

Operate of Award Analyzer

One among many main causes we created the award analyzer and Think about & Enchantment performance was to empower and educate our households. The financial help course of is nuanced, difficult, and ever altering.  We actually really feel that if we’re in a position to prepare and current you ways one can understand and interpret your financial help awards, you might make assured choices. 

How Does It Truly Help?

To understand how the award analyzer truly helps, let’s start at first.

  • On the MyCAP platform we require your profile to be stuffed out 100%. This means you’ve entered your financial information, family information, and your pupil’s grades and try scores (if related.) This allows our software program program to calculate your EFC (Anticipated Family Contribution.) 
  • Your EFC is used to guage any need-based help you is perhaps eligible for at each school you is perhaps considering (or importing financial help letters from.)
  • Our software program program calculates your potential need-based help by subtracting your EFC from the Sticker Worth or Worth of Attendance marketed on each school tile that is in your dashboard.
  • Then seems on the proportion of need met by the school AND how a number of that need is met by way of grants versus loans to supply you a potential need-based grant amount.
  • Our software program program moreover shares a potential profit award amount that you might be receive based in your GPA and/or check out scores and what each school provides in computerized scholarships.
  • As quickly as you is perhaps armed with this information you presumably can look at it to your award letters to see if the schools are offering you the same amount that we anticipated them to.
  • Everytime you add your letter to our platform we’re in a position to extra analyze it for you.
  • We take a look at how each explicit faculties generally approaches financial help, as an example:
  • Our award analyzer will then current the excellence between our anticipated first yr net worth and the school’s award letter first yr net worth
  • We’ll share doable parts that can contribute to a worthwhile enchantment based in your explicit family situation and the way in which the school generally handles financial help.
  • And finally, we share what we predict your odds are for a doable enchantment ranging from low to very sturdy (Please consider, we’re in a position to NEVER guarantee a worthwhile enchantment.  That is lastly as a lot as the college or school.)

At this degree, you’ve acquired the devices and knowledge to know that you just’ve gotten the easiest deal from the school, or you’ve got an opportunity for an enchantment. 

Do you have to used our software program program and appealed to a college or school effectively, we’d like to take heed to your story!  Your success means the world to us. You presumably can share your story proper right here on our overview net web page, or ship us an e-mail.

Now Regarding the $1,000 No Essay Scholarship Winner??

Correct! We haven’t forgotten – I promise!  We actually haven’t chosen our winner however.  We want to share the nice info LIVE so we is perhaps spinning our Wheel of Names at our upcoming webinar on Paying and Borrowing For School significantly for all of our Class of 2023 households!  Register proper right here and be part of us on June 1, 2023 at 7PM ET. You wouldn’t should attend the webinar reside to win the scholarship.

All of our names are already entered in our wheel, nonetheless we’d love to be able to be part of us! It’s a win-win situation. Guarantee you understand the ins and outs of how one will pay your upcoming fall school bill AND be there reside for the scholarship award announcement!

Have in mind, we’re proper right here to help YOU. We want to see your family members get the easiest deal for school! The awards analyzer and Think about & Enchantment a part of our MyCAP software program program is a method we might assist. Our end purpose is to make sure you are comfortable, assured, and obsessed with your teenager’s subsequent steps for school. And for us, that means you’ve made fiscally accountable choices so that paying for school isn’t a burden.