Two Carroll University students recently shared their financial aid success stories with NerdScholar, the educational arm of NerdWallet, a financial literacy and consumer advocacy website. For many students, a private college education is more accessible than ever.
Nathan, a senior at Carroll University studying actuarial science, recently accepted a job offer from Liberty Mutual in Boston working for its actuarial department. While 100 percent of his tuition was covered at Carroll—a private liberal arts school located just outside Milwaukee, Wisconsin—Nathan also took out loans as part of his financial aid to help cover his living expenses. Doing that, he says, has helped him assume more fiscal responsibility, as he knows he will have to pay the loans back once he graduates. Without financial aid, Nathan says he would have still been able to attend one of the state schools in Wisconsin, but his aid award helped him afford Carroll, which was his top choice school.
Thanks to financial aid, Nathan says that he has had the opportunity to live on campus, participate in the Actuarial Science Club, play trombone with the Carroll Wind Symphony and Jazz Ensemble, work in the Carroll financial aid office as part of federal work-study for more than three years, work as a tutor, intern in Milwaukee and Boston, and make lifelong friends through these opportunities.
Currently a junior at Carroll, Ashley is studying exercise science and plans to pursue a doctorate in physical therapy. Without financial aid, Ashley says that she would have had to work a full-time job to afford the type of education she is pursuing. Thanks to her financial aid package, which included loans, scholarships, and federal work-study (she is a campus tour guide), she has been able to maintain the high GPA necessary for her program, take advantage of campus life, and participate in groups such as Carroll Students for Animal Welfare, the Physical Therapy club, and the Alpha Gamma Delta sorority.
Approximately 85 percent of Ashley’s tuition was covered, freeing her to concentrate on her classes and extracurriculars, such as her time abroad with the school last May to Ireland, London, and Paris. “A trip like this is extremely expensive but was one of the most rewarding and memorable experiences that I have ever had,” she says. “Without financial aid paying for so much of my tuition, I would have never been able to afford my trip to Europe.”
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About Carroll University
Carroll, Wisconsin’s oldest four-year institution of higher learning, is an independent, co-educational comprehensive university grounded in the liberal arts tradition. Incorporated in 1846, it offers bachelor’s degrees in 57 majors and master’s degrees in business administration, education, exercise physiology, graphic communication, nursing, physician assistant studies and software engineering, as well as a clinical doctorate in physical therapy. For more information, visit www.carrollu.edu.