College Grant, Scholarship Amounts Increase According to New Report

By: Carly Stephenson Email
By: Carly Stephenson Email

NEW MARKET, Va. -- Parents aren't paying for as much of their children's college costs anymore.

Instead, grants and scholarships are having an increased impact according to a report out this week from Sallie Mae and Ipsos public affairs.

At Bridgewater College, Director of Financial Aid Scott Morrison said with even with higher income students, parents are wanting students to take out loans to defer costs.

Morrison said 55% of the help students get is directly from Bridgewater.

Thirty percent of students have student loans.

The national report shows more college bound students are eliminating schools based on cost.

The average aid package for an incoming freshman at Bridgewater is more than 18,000 dollars.

Morrison said don't write off what may seem expensive.

"It's important for people to be aware of that when they consider their college options and not to immediately dismiss a school as being too expensive just based on what the standard charges are for tuition and fees and room and board," said Morrison.

Morrison said for Virginia, there has been an increase in the Virginia Tuition Assitance Grant too.

This year it is $3100, which is $300 more.

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