A full ride to college sounds like a dream come true. You wouldn’t have to worry about tuition, books, and room and board. Or would you?
According to a MarketWatch article – “The end of the full college scholarship?”— the definition of a full ride scholarship may be a changing. As colleges and universities look for students to “put more skin in the game.”
Some schools are now requiring students to make a minimum contribution to their college education. And it’s not chump change either. In the MarketWatch article, it says “a flat payment typically between $1,500 and $4,000 a year.”
You don’t have to pay this minimum contribution at every college across the nation. Colleges and universities have a right to set their own policies. Some schools do not have a minimum contribution amount requirement, so a full ride scholarship still covers everything.
However, some schools do require students to pay a minimum amount every year towards college costs regardless of scholarship.
This minimum contribution is intended to have students more committed and engaged.
I agree that people tend to care more about something when they have to pay for it. But we’re talking about thousands of dollars every year here. This could be a real burden for lower-income students and their families.
Perhaps, some consideration can be made for students who are in dire financial need.
What do you think about schools requiring minimum contributions?
