THE VALUE OF LEGACY Seeing as Brannon shared his love for his brother on this month’s cover, we wanted to shine a spotlight on how siblings and other family members can play a role in saving money for college. Specifically, we’re taking a look at legacy scholarships, how effective they are, and whether you can reap other benefits through sending your student to the same school as another loved one. WHAT ARE LEGACY SCHOLARSHIPS? make sense financially for most institutions — encouraging family traditions of sending students there. Furthermore, alumni with family ties to a college are more likely to donate and remain involved with their alma mater after graduating. ARE THEY EFFECTIVE? based aid they offer you. Talk to a college’s admission officer to make sure this money is going to make a difference. ARE THERE OTHER BENEFITS? SHOULD YOU SEND STUDENTS TO THE SAME COLLEGE?
Sending a student to the same school an older sibling or other close relative attended can offer more benefits than just a scholarship. Often, the family member can offer advice and insights into life on campus that you won’t get from a college’s marketing material. They can even tell you about housing options, what meal plans suffice, and other areas where you could save even more money.
On its own, a legacy scholarship isn’t going to save you a boatload of money. Figures vary from college to college, but chances are financial aid grants will probably offer more savings. However, free money is free money. This added cost reduction could make a school cheaper to attend than colleges with similar tuition rates. However, you should make sure your student will receive this scholarship money in addition to the aid they were already going to receive. Some colleges will simply subtract the scholarship’s value from the amount of need-
In essence, a legacy scholarship is a program many colleges use to encourage families to send their children to the same school. Usually, universities extend these scholarships to applicants whose older sibling, parents, grandparents, or sometimes even aunts and uncles attended their school. These programs
Overall, while a legacy school might not be an automatic first choice for you or your student, it should at least be on the list of schools they apply to. EASY DEVILED EGGS
HAVE A LAUGH
INGREDIENTS • 1/2 cup mayonnaise • 2 tbsp milk • 1 tsp dried parsley flakes • 1/2 tsp dill weed • 1/2 tsp fresh chives, minced • 1/2 tsp ground mustard
• Salt, paprika, garlic powder, and pepper, to taste • 12 large eggs, hard-boiled • Fresh parsley, minced, and paprika for garnish
DIRECTIONS 1. In a large bowl, combine mayonnaise, milk, parsley flakes, dill, chives, mustard, salt, paprika, garlic powder, and pepper. Mix well and set aside. 2. Cut eggs lengthwise and remove yolks carefully to preserve egg whites. 3. In a small bowl, mash yolks. 4. Mix mashed yolks with mayonnaise mixture. 5. Spoon or pipe the mixture back into the egg whites. 6. Garnish with fresh parsley and paprika. Refrigerate before serving.
Inspired by TasteOfHome.com
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