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Excerpts From Experts

Tuesday, April 19, 2005; Page A08

"As schools work harder to compete for students, many schools are using financial aid as a recruitment tool. Schools may use merit-based aid or non-need-based aid to reward performance and talent. Bottom line: Give it a shot. Look for need-based and merit-based aid opportunities. If your child's grades and/or test scores are high, or if your child has a specific talent, you should think about a merit-based scholarship to help fund his or her education. Even if your child's grades are not spectacular, you may be surprised at how many colleges will offer merit scholarships as an enticement."

-- Elizabeth Coté

Kaplan's "Conquer the Cost of

College: The Family Guide to

Paying for College," 2001

"You might think that the families who receive the most financial aid would be the families who have the most need. In fact, this is not necessarily true. The people who receive the most aid are the people who best understand the aid process.

Some years ago, we had a client who owned a $1 million apartment in New York City and a stock portfolio with a value in excess of $2 million. Her daughter attended college -- with a $4,000-a-year need-based grant.

Is this fair? No. But lots of things in life aren't fair. In that particular case, we were able to take advantage of a financial aid loophole involving the way state aid is computed in New York. There are lots of financial aid loopholes."

-- Kalman A. Chany with

Geoff Martz

The Princeton Review's

"Paying for College Without

Going Broke," 2003.

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