Building healthy money habits

Guest Post: 3 Easy steps to building healthy money habits with your children!

Although intended for families with younger children, Jessica Weaver’s advice to help kids become financially literate applies to teenagers as well. Inherent to financial literacy is defining one’s values, which is an essential tool for teens and families reduce the risk of college malinvestment. The other day I was squeezing in some work while sitting with my daughter, Andie! She…

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GIFF: Spongebob Prepare to Be written

College applicants take note: life’s a journey not a destination

College essays are not an assignment to “get done.”   College essays are not defined by the word count or format. College essays are not a resume-like listing of a young person’s achievements, hoping the admissions evaluator intuits their potential thus grants admissions. College essays are not bounded by the (mis)interpretation of a prompt.  College essays are not prose-like panderings to…

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Chart of Labor Market Outcomes of College Graduates by Major (May 21, 2021)

Too Many People with The Same Good Idea

New college grads, those aged 22-27, who studied computer science, are just as likely to be unemployed as those who studied the fine arts, according to the latest New York Federal Reserve analysis.  The irony.  Most families expect that any studies remotely related to technology translates to unequivocal and continuous employment throughout one’s lifetime. Conversely, both parents and students often…

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UC Raises Tuition: A Sign of Fiscal Troubles?

The University of California (UC) will begin raising tuition annually starting in Fall 2022 and extending through at least Fall 2026. However, tuition will be raised for each incoming class of first year and transfer students, then held flat throughout the remainder of their years at the UC.  For Fall 2022 applicants, rising high school seniors on the cusp of…

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See, Speak, Hear no evil monkeys

Beware of Admissions CON-sultants Hiding in Your Midst

Amidst the rise of the academic meritocracy, as increasing numbers of students qualify for then apply to college, selectivity for admissions annually increases, yet high school counseling staff has been inadequate for the demand, thus many families seek the help of private admissions consultants. But, in the Era of Educational Experts, when qualifications and motivations to help families range widely,…

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The Struggle to Realize Genius and the Cost of Failing to Do So

Everyone has genius. Yet, few discover their genius.  Every parent intends to unleash their child’s genius. Yet, the endeavor to help one’s child discover genius requires the intricate, on-going, at times, herculean effort to challenge expectations—one’s own, one’s extended family’s, as well as one’s culture’s and community’s—not to mention reconciling any gaps in a parent’s own undiscovered genius, a separate…

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The Death of Ignorance

Is the College Landscape Experiencing a Tectonic Shift Post Pandemic?

The effects of the COVID-induced disruptions to education have yet to be quantified in the intermediate and long term, thus educators struggling to redefine “normal” learning for years to come, as an entire COVID-affected generation, Pre-K through College, matriculates through the educational system. Additionally, the SAT, an 80 year old admissions requirement, is being summarily dismissed and subsequently, questioned. Students…

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Coming Changes to the FAFSA

Over the next three years, the Federal Department of Education will phase in changes to the FAFSA, the Free Application for Federal Aid, which may increase out of pocket college costs for families, yet reduce the complexity of applying for need-based financial aid. The following are highlights of the changes, as well as recommendations for families to consider:   NUMBER OF…

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Imperfect information to seek value in education

Education is often one of the most complicated investments people make in their lifetime.  As such, accurate information is essential, yet often difficult to acquire thus only increasing the risk of educational malinvestment.  There is a cornucopia of free information regarding every possible educational issue known to man, but remember the old adage, “You get what you pay for…” and…

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The Top 100 Colleges in the U.S. Ranked by Tuition

How to assess the value of a college education in order to avoid malinvestment

Comparing the published price of tuition along with the size of the student population can be one metric to value a university education. However, “shopping” colleges on price alone is shortsighted, thus families may overlook valuable educational opportunities.  Instead families should determine the value of any college education by discussing answers to reflective questions, starting with, “Why is a student…

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Challenging Employment Prospects for Class of 2021 Grads

Class of 2020 and 2021 college grads, anxious to shop their abilities amongst employers, will confront a complex labor market post the 2020 COVID-influenced economic meltdown.   As Class of 2021 graduates emerge from the chrysalis of college, seeking entry into the professional class, they may instead queue up behind the 45% of their Class of 2020 peers who are still…

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How do I choose a college when I can’t visit the campus?

Although its difficult in the age of COVID to visit campuses, in no way should that diminish one’s effort to gain as much information as possible to make an effective decision when choosing a college from those which you’ve been admitted to diminish the risk of malinvestment.  Admitted students should use every virtual resource available from attending the special admitted…

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College Isn’t a Cure-All

Tomas Chamorro-Premuzic and Becky Frankiewicz writing for the Harvard Business Review (HBR) tackled the topic of higher education and full employment leaving out, for now, the idea of a lasting peace of mind. Of course, although there may be a multi-decade correlation between a college degree and three or less careers in one’s lifetime, equaling financial security, or as we…

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Careful Consideration of College Selection to Compensate for Costs Incurred

To be ready to choose a college, I liberally estimate that a 17 year old high school senior has: Spent approximately 12,760 hours attending school since Pre-K,  Completed an estimated 2,376 hours of homework just during four years high school (assuming an average of three hours of homework on school days and six hours per weekend during the school year),…

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