Let's start with an airplane analogy. Imagine you are flying from, say, Pittsburgh to San Diego. If your flight has 100 passengers, not everyone pays the same fare. Those who purchased tickets 30 days early likely got a discount; those who bought their tickets online probably saved money; and those who waited until the day of the flight to purchase paid the highest price for their seat on the plane. Plus, those who had enough frequent-flier miles flew for free!
It's a similar situation for college costs. The price each student (or his/her family) pays per year is often different. Generally, however, three factors largely determine how much you'll pay to attend (i.e., to ride on the college airplane!)
These three factors are the "a-b-c" of college financial aid:
a. Financial Need;
b. Grade-Point Average (GPA); and
c. ACT or SAT score(s).
As you’ll soon see, understanding college financial aid is as easy as a-b-c!
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