Tag: Financial aid

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The distressing American job situation

In just the last 13 weeks, more than double the 25 million jobs created in the last decade have been lost.  With the total supply of jobs not in equilibrium to demand, a job shortage exists, so anyone searching for a job will be competing more than at any time in the last decade against …

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Student Loan Interest Rates for 2020-21

Federal student loan interest rates for the upcoming 2020-21 school year will be set lower than the 2019-20 school year. The 2020-21 rates will be as follows: Undergraduate Direct Loans: 2.75% Graduate Student Direct Loans: 4.3% Parent PLUS Loans: 5.3% Student loan interest rates are set annually and apply to any loan taken during that …

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Governor Newsom Proposes $1 Billion Cut to California Community Colleges

Last Thursday, May 14, California Governor Newsom announced 2020-21 budget revisions, including cuts to higher education, given the projected $54 billion loss of state revenues. Although he proposes a $376 million cut to the University of California (UC) system affecting 285,000 students and a $404 million cut affecting 500,000 California State University (CSU) students, the …

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“I feel a change coming on…”

University enrollment has annually grown, despite four digit percent increases in the costs of college over the last three decades, seemingly making an inelastic demand for college eduation. Yet, for the 2020-21 school year, for the first time, there may be a a shift in the supply/demand equation given the changes in the recruitment for …

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College Waitlist Leverage

Ahead of the traditional, widely accepted national enrollment deadline of May 1 for first year college students, although some colleges have extended the enrollment deadline to June 1 due to the COVID-19 health crisis, college admissions officers are already extending offers of admissions to waitlist candidates. I contacted two different admissions officers on the West …

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Opportunity amidst upheaval

The continued COVID-19 health crisis, and its impacts both economically and socially may have wide-ranging consequences for colleges throughout the United States. Families confronted by an array of changing circumstances are recalibrating their educational decision making processes, especially for high school seniors choosing between multiple colleges or deferring enrollment, as well as continuing college students …

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The State of A College Education: How Golden Is The Golden Ticket? Part 3

In Parts 1 and 2, sentiment amongst college students and prospective college students may already be declining, which could be exacerbated even further, as we weather the current global pandemic with closed college campuses and students dispersed to their childhood homes. Additionally, the last of the Millennials are now college graduates, but experiencing a current …

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Delicious Student Loan Relief

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While Mom always warns us not to eat too much fast food, Burger King’s recent offer may change her mind. Given the historically record setting $1.5 Trillion total student loan debt, Burger King is offering 301 of the 44 million Americans with student debt some relief–up to $100,000 for one lucky person and $500 each …

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Paying for College…Before College

Parents, no matter their net worth, readily take risks, if they believe their children will benefit. And, the risks parents will take know no bounds—as seen in those facing federal prison trying to guarantee a college admissions to those who go into debt to pay for extra-curricular activities. However, why are parents so willing to take …

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Tied at the Hip: Modern-Day Parenting

“Helicopter Parenting” has become a norm, which can delay adult children taking responsibility for themselves. More colleges staff are now sponsoring a PTA-like “College Parent Groups”. Adult children can also tie themselves to mom and dad; some request editorial advice on college papers through Google Documents. And, as no parent wants their child to suffer, …

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Is College the New Speculation?

Often students earn college degrees to increase their likelihood of future financial stability.  Yet, as college costs are rising, students and their parents subsequently are borrowing more to earn said degree, thus students “spend” the equivalent of a few years’ of post-graduation wages while parents may delay retirement, the question is, “Is college worth the …

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Will My August 2018 SAT Scores Be Cancelled?

Rumors are circling and the internet is again buzzing with controversy about the August 25, 2018 SAT Reasoning Test.   The College Board is accused of “recycling” the August 2018 SAT from a test or practice test given in China and South Korea in October 2017.   A recently deactivated Reddit thread posted an answer …

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Ever Wonder Why The Dollars in Your Pocket Are Less?

Wonder no longer… Related PostsAn Open Letter to the University of California Gaining Scholarships & Paying for College is a Process Guest Post: How often should you talk to your college student?

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NO SAT!?! NO ACT!?! UChicago’s Curve Ball

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Testing is not the be-all and the end-all, said James G. Nondorf, U-Chicago’s dean of admissions and financial aid. He said he didn’t want “one little test score” to end up “scaring students off” who are otherwise qualified. From The Washington Post,  June 14, 2018 On June 14, 2018, the University of Chicago’s John W. …

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A River Runs Through It

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The late winter run-off from 12 years of school melting during the latter half of a high school senior year can create an emotional flood. A confluence of Senioritis and waiting for college admissions responses quickly overruns the levees built during a senior’s youth-limited life experience. Seniors decry, “When will I hear from colleges?” or …