by Robyn Stewart, former financial aid officer at College of the Holy Cross
A full-ride scholarship is somewhat like a magical unicorn in the college process. Many families count on their academically gifted or super-star student athlete receiving one and yet, when admission decisions come back, a scholarship offer of this magnitude rarely materializes. As we college finance educators love to say, “Hope is not a strategy worth counting on,” so, in an effort to demystify the myth of the full-ride scholarship, we look at a few key points that families need to consider in regards to this elusive full-ride goal. While, like the fictitious unicorn, there are many stories of their existence, do students actually receive awards that cover all of their college expenses?