Here’s a few tips when choosing colleges for application and enrollment, and simultaneously determining how your family will afford the costs: Calculate all 4 or 5 years of costs when determining the affordability of college, not just the first year. College costs during a student’s senior year in college are likely to be at least…
Tag: Financial aid
Financial Aid: There is No Free Lunch
There is no-magic-bullet-one-time-conversation-painless-and-costless solution to paying for college. Increasing the amount of financial aid–either need based or merit based–are multiple year efforts that extend through a student’s entire college career. Basically, there is no free lunch. Moving equity from one’s home to a life insurance policy or rolling all savings into retirement accounts are strategies…
College as a “Financial Decision, not a Rite of Passage”
A little forethought before taking student loans can help students and families understand all the effects of their decision. As Sue Shellenbarger reported in the Wall Street Journal, 4/17/2012, “[approaching college choices] as a financial decision, rather than a rite of passage” can help families make responsible decisions.
Comparing College Costs
The Consumer Finance Protection Bureau is offering a new tool for families to compare up to 3 different colleges’ costs at a time. (Seniors can also add specific information from their financial aid award letters for further comparison. )
The Value of a College Degree
As record numbers of students apply to college who’re seeking a “good paying job” is that diluting the earning value of a college degree, since more job-seekers enter the market as college graduates?