The Price You Pay for College: Understanding Merit Aid

Modern Husbands Podcast

Welcome to the Modern Husbands podcast, where any combination of Dr. Ross, Christian, and Brian host national experts who share winning ideas to manage money and the home as a team.
This week we are honored to welcome Ron Lieber. Ron is the author of The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money, and “The Price You Pay for College: An Entirely New Roadmap for the Biggest Financial Decision Your Family Will Ever Make.” Ron has been the “Your Money” columnist for The New York Times since 2008.
Most recently, Ron authored the online course for parents, The Price You Pay for College: Understanding Merit Aid.
The goal of this episode is to help parents understand college aid to fully understand the financial implications of college award letters.
Show Notes
0:00:00 Introduction
0:01:00 Ron explains merit aid and how it can play into the emotions of parents
0:08:01 The difference between a loan and merit aid
0:13:40 Will high academic achievers begin to receive NIL money and the difference between merit aid and need-based aid
0:19:40 Whether most schools offer merit aid, and if so, whether the children of affluent parents qualify
0:30:42 The various reasons that schools give merit aid
0:37:20 When schools inform applicants of how much merit aid they qualify for and how long they last
0:38:50 Where parents can learn more about merit aid
0:40:45 One simple piece of advice Ron wants listeners to leave the conversation with
Resources:
https://meritaidcourse.com/
https://studentloanplanner.lpages.co/modern-husbands/
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Kapitler

1. Introduction (00:00:00)

2. Ron explains merit aid and how it can play into the emotions of parents (00:01:00)

3. The difference between a loan and merit aid (00:08:01)

4. Will high academic achievers begin to receive NIL money and the difference between merit aid and need-based aid (00:13:40)

5. Whether most schools offer merit aid, and if so, whether the children of affluent parents qualify (00:19:40)

6. The various reasons that schools give merit aid (00:30:42)

7. When schools inform applicants of how much merit aid they qualify for and how long they last (00:37:20)

8. Where parents can learn more about merit aid (00:38:50)

9. One simple piece of advice Ron wants listeners to leave the conversation with (00:40:45)