Why invest many dollars, actual or borrowed, into a college that will expect students to learn, yet holds itself to another standard when it comes to expanding horizons? Rising seniors and their parents who seek a valuable degree, consistently ask us questions about the value of a degree from X college or university over another.…
Tag: Financial aid
“Hidden in Plain Sight” Costs of College
Healthcare is one of those “in plain sight, but not at the top of the list of expenses, yet can be significant in the college budget.” Many colleges require students to be covered by health insurance–either their parents’ policy or an individual policy bought through the university. The recent confirmation of the Healthcare Law by…
“No Student Loans”: Is that possible?
Don’t want to borrow for college expenses? Some universities across the U.S. are implementing financial aid policies, where no (or limited amounts) of loans will be offered in the financial aid award letter. Knowing the financial aid policy of colleges–before applying–can help a family have dollar amounts to determine the value of a college, given…
House & Senate Approve Student Loan Interest Rate Freeze
Today, the House approved the bill to keep student loan interest rates at 3.4% for the 2012-13 school year. The Senate approved the freeze on Tuesday. President Obama has been campaigning for the continued lower rate, over the scheduled 6.8% increase, as we reported earlier this spring. See The Washington Post for more details
An “If” Halts UC Tuition Increase…Temporarily?
If voters approve a tax increase on November’s ballot, then the UC will freeze tuition at current amounts–$12,192. (The UC Regents discussed the possibility of a 6% tuition increase for 2012-13 at their last meeting and were expected to vote on the increase in July. That vote will not be called.) However, if voters DO…
CA Budget Affects Cal Grants for Private, Non Profit Colleges
Proposed reductions in funding for the Cal Grant program, in the current 2013 Fiscal budget plan, would reduce private, non-profit university student’s grants by 17% by 2014 to $8,056 per year. (Examples of private non-profit colleges are the University of Pacific or University of Southern California.) Current Cal Grants for private, non-profit university students are…
Financial Aid 101: Are You Financially Literate?
Paying for college seems out of the ordinary, given the total amount, which creates the “wake-me-up-from-a-dead-sleep-gasping-for-air” feeling. However, with some foresight, families can approach college expenses together and with less nervousness. Art Baird, Creative Marbles CEO and financial aid expert, and Jill Yoshikawa, Partner of the Educational Division at Creative Marbles, recorded a recent conversation…
Will the $10 Billion Deficit in Pension Obligations Affect the Quality of UC Education?
The perfect storm: increasing numbers of qualified high school graduates for UC admissions, baby boomers maturing to retirement, who were promised generous pensions–which UC administrators did not fund for 20 years starting in the early 1990’s–and current reductions in state funding for higher education–all put pressure to increase tuition–while at the same time real wages…
“Careers, college majors, financial security…oh, my!”
Here’s an updated database showing average salaries in the Sacramento region can help prospective college students and their families in making decisions about majors and careers. The database is an easy way for teens (who by age are limited in experience) to be exposed to the diverse range of jobs, within their interests and talent.…
“College is too expensive” or Is It?
Multiple kids maturing to college age, shrinking retirement funds, loss of home equity, loss of personal wealth, plus annually rising college tuition and costs…no wonder middle class families are concerned about financial aid. When families assume all children will graduate from college, the question is, “What is the family’s collective (this includes all siblings, not…
College Freshmen: Starting Over or New Adventure or Both?
Moving away from home and starting classes at a new school both uncharted territory for anyone, yet will occur simultaneously for college freshmen all across the country in the next few months. Whew. Talk about cause for sudden mood shifts. Here’s some advice, as the transition continues through the summer months:
When Considering Student Loans…
A student loan, well any loan, is future income brought forward. While there are consequences to debt, the key is being educated to the realities of repayment in the long term (i.e. opportunity and financial costs) and being rigorously honest in the intermediate term about the value of the college education your debt is purchasing.…
Future Success + Financial Constraints = College?
More families, and younger, are asking Creative Marbles about financial aid and paying for college. Parents are facing difficult choices between supporting multiple kids through 4 years of higher education and saving for retirement, while confronting the challenge of encouraging their children to dream big, yet understanding the realities of financing that educational dream.
Are College Going Attitudes Changing?
Are students’ and their families’ attitudes changing about college? 375 colleges, an increase of 96 institutions from 2011, report still having space available for freshmen and/or transfer students for Fall 2012. Has the economic uncertainty caught up with families’ choices? Is the $1 Trillion total student debt and consequences for individual borrowers causing families to…
A University for the Students?
Is college education a public good or a student-centered model for individual development or both?