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$90,000

Ivy Bound’s 2018 scholarship seekers reported an average exceeding $90,000 in 4-year awards.

We look forward to the 2019 results rising even HIGHER.

A “scholarship seeker” is a student whose college choice is influenced by the net tuition.  When students report their college lists to us, we ask whether the colleges awarded money along with the acceptance, and how much.

Merit-based awards are typically given with the presumption that the student will do well enough academically to have it renewed each year.  We thus calculate at 4x the initial award.

Where the award is a “need-based” award, we do not count this in the statistics. Where the scholarship is tied to military service (Academies or ROTC), we do not count this in the statistics.

Awards are generally based on a combination of GPA and SAT/ACT scores.  Here the GPA is a bit less of a factor than SAT or ACT.  So students can presume that the SAT or ACT is directing at least half the award money.

At $90,000, a family in the 24% income tax bracket gains the equivalent of EARNING $118,400.
At $90,000, a family in the 35% income tax bracket gains the equivalent of EARNING $138,500.

If the family lives in a state that imposes a 7% income tax on top of the 35% federal income tax, saving this $90,000 equates to earning $155,100. Ahem…at 100 hours of study, this reward equates to your kid earning $1,550 per hour!