There is a direct relationship between ACT & SAT scores and financial aid in the form of merit scholarships. Simply stated, the higher the test scores, the more likely the award of merit scholarship money.
Colleges & universities want to attract the best possible freshman class in order to boost their national rankings. One way to do this is to use ACT & SAT scores as a benchmark for awarding merit-based scholarships.
Grading systems, class difficulty, and high school quality vary considerably across the USA ~ and even more so among countries. ACT & SAT scores provide a more objective basis for colleges & universities to decide which American and international applicants deserve scholarships.
Ultimately, the investment in ACT & SAT preparation pays off. Simply by improving a SAT score by 200 points or an ACT composite score by 3 points can translate into a $ 5,000 to $ 10,000 tuition reduction at a private school or a $ 2,000 to $ 4,000 tuition saving at a public school.
Why are scholarships important?
An abundance of data depicts financial trends associated with higher education in the USA. This adds even more importance to achieving high ACT & SAT scores to be competitive for merit scholarships.
- Since 1975, tuition rates have risen by more than 1,000%.
- Since 1985, the price of a college education has increased by more than 500%.
- During the past 30 years, state funding of universities declined by about 40%.
This has caused schools (particularly public ones) to raise tuitions.
- Two-thirds of all students (from American colleges and universities) graduate with some form of debt.
- High ACT & SAT scores are key to earning scholarships.
By receiving merit scholarships, you avoid the burden of student loan debt.
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