Faculty Support Professional’s $1,000 No Essay Scholarship And Award Analyzer Replace – Faculty Support Professional

We needed to share a fast replace with our households on our $1,000 No Essay Scholarship contest that closed at first of April.  

Thanks to everybody who took the time to add monetary assist award letters.  We sincerely hope that our award analyzer offered both affirmation that you simply obtained the most effective deal, or added perception into doable enchantment alternatives.

How Did You Qualify for the No Essay Scholarship?

Simply as a reminder, to be entered into the $1,000 No Essay Scholarship you had been required to add a monetary assist award letter from one of many faculties or universities you had been accepted to for the 2023-2024 faculty yr.  You possibly can add as many award letters as you needed. Every uploaded award letter was a separate entry. The extra award letters you uploaded to your MyCAP account, the extra probabilities your identify was entered into the competition.

Information on Enchantment Uploads

Our Consider & Enchantment functionality was added to the MyCAP platform at first of March.  Throughout 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. Nearly 1300 whole awards had been uploaded to our platform for the 2023 admissions cycle, and 81% of these got here in throughout our contest interval. WOW! We’re excited to see this revolutionary characteristic assist so many households throughout the appeals course of.

Function of Award Analyzer

One of many major causes we created the award analyzer and Consider & Enchantment functionality was to empower and educate our households. The monetary assist course of is nuanced, complicated, and ever altering.  We really feel that if we are able to train and present you how one can perceive and interpret your monetary assist awards, you may make assured selections. 

How Does It Actually Assist?

To know how the award analyzer actually helps, let’s begin at first.

• On the MyCAP platform we require your profile to be stuffed out 100%. This implies you’ve entered your monetary info, household info, and your pupil’s grades and take a look at scores (if relevant.) This enables our software program to calculate your EFC (Anticipated Household Contribution.) 
• Your EFC is used to guage any need-based assist you might be eligible for at every faculty you might be contemplating (or importing monetary assist letters from.)
• Our software program calculates your potential need-based assist by subtracting your EFC from the Sticker Value or Value of Attendance marketed on every faculty tile that’s in your dashboard.
• Then appears on the proportion of want met by the college AND how a lot of that want is met via grants versus loans to provide you a possible need-based grant quantity.
• Our software program additionally shares a possible benefit award quantity that you could be obtain primarily based in your GPA and/or take a look at scores and what every faculty gives in computerized scholarships.
• As soon as you might be armed with this info you possibly can examine it to your award letters to see if the faculties are providing you a similar quantity that we anticipated them to.
• Whenever you add your letter to our platform we are able to additional analyze it for you.
• We have a look at how every particular colleges sometimes approaches monetary assist, for instance:

• Our award analyzer will then present the distinction between our anticipated first yr web price and the college’s award letter first yr web price
• We’ll share doable elements that will contribute to a profitable enchantment primarily based in your particular household scenario and the way the college sometimes handles monetary assist.
• And eventually, we share what we predict your odds are for a doable enchantment starting from low to very robust (Please keep in mind, we are able to NEVER assure a profitable enchantment.  That’s finally as much as the faculty or college.)

At this level, you’ve received the instruments and data to know that you simply’ve gotten the very best deal from the college, or you have got a chance for an enchantment. 

Should you used our software program and appealed to a school or college efficiently, we’d love to listen to your story!  Your success means the world to us. You possibly can share your story right here on our overview web page, or ship us an e-mail.

Now In regards to the $1,000 No Essay Scholarship Winner??

Proper! We haven’t forgotten – I promise!  We truly haven’t chosen our winner but.  We wish to share the good information LIVE so we might be spinning our Wheel of Names at our upcoming webinar on Paying and Borrowing For Faculty particularly for all of our Class of 2023 households!  Register right here and be a part of us on June 1, 2023 at 7PM ET. You would not have to attend the webinar reside to win the scholarship.

All of our names are already entered in our wheel, however we’d love so that you can be a part of us! It’s a win-win scenario. Ensure you know the ins and outs of how one can pay your upcoming fall faculty invoice AND be there reside for the scholarship award announcement!

Keep in mind, we’re right here to assist YOU. We wish to see your loved ones get the very best deal for faculty! The awards analyzer and Consider & Enchantment part of our MyCAP software program is a technique we may help. Our finish aim is to be sure to are comfy, assured, and enthusiastic about your youngster’s subsequent steps for faculty. And for us, meaning you’ve made fiscally accountable selections in order that paying for faculty isn’t a burden.