Category Archives: admissions

Payscale’s 2015 College Salary Report

 

salary reportWith college costs rising, along with student debt, it’s more important than ever for parents and students to look carefully at college ROI (return on investment) when creating the college list. Payscale recognizes the importance of choosing a college major that will be a good return on investment and has released their 2015 College Salary Report.

Following are just a few of the categories covered in the data:

Majors That Pay You Back (Associate and Bachelor’s Degrees)

When somebody tells you they are headed to a college or university, whether it’s for an associate degree, bachelor’s degree, master’s degree, MBA or PhD, the first question out of everybody’s mouth is “Where are you going to school?” In reality though, the choice of major can have a much bigger impact on your future earnings than the school you attend. PayScale ranks the top college majors by salary to help you figure out how much you can earn after graduation.

Most Recommended Majors (by alumni)

What makes graduates recommend their major to students trying to pick a major today? One look at this list of most recommended majors shows us that the majors that people rave about are the ones that allow them to easily find a job in their intended field. It’s not necessarily how much money a person makes, but the likelihood that they can find work doing what they want to do.

Best schools for particular majors (by earning potential)

Choosing a college and deciding to get a degree are big decisions, so do your homework and choose the degree and school that will set you up for the career of your dreams. PayScale’s 2015 College Salary Report ranks undergraduate and 2-year colleges by the highest earning graduates.

Common jobs for particular majors

Choosing a college and deciding to get a degree are big decisions, so do your homework and choose the degree and school that will set you up for the career of your dreams. PayScale’s 2015 College Salary Report ranks undergraduate and 2-year colleges by the highest earning graduates.

College Comparison Tool (compare up to 5 colleges side by side)

Trying to decide which college or university to attend? PayScale has alumni salary data about more than 1,000 schools. Select up to five schools and see how they compare based on earning potential and more.

Most Meaningful Majors

When it comes to choosing a career and picking a college major that will help you achieve your goals, money isn’t everything. Job meaning counts for a lot too. That’s why PayScale asks everybody who takes our survey if they feel like their job makes the world a better place. This list ranks 207 college majors by the percentage of graduates in each major who answer that question with a resounding “yes.”

Here’s an article published in Money Magazine, “Choosing a College Major by Age 16 Pays Off”, proposing that students should think about choosing a major early to avoid spending more for the college education than necessary.

A college choices isn’t all about the money, but it should certainly factor into such a large financial investment. Parents and students should do their homework, just as they would if purchasing any other big ticket item.

Mom-Approved Tips: How to Choose a College

 

Today I’ve opted to post an article written by a young woman who has worked as a financial aid officer and wants to spread the word about financial literacy and money management skills for college-bound teens. She has witnessed parents and students make some unwise decisions about college. She offers some excellent advice on how to choose a college.

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Choosing which college to attend is a family decision.  Rather, it should be a family decision.  Especially if the family (i.e. parents!) will commit to covering the college expenses.

What the Experts Say

There are a number of factors to consider when choosing a college.  Some experts suggest  considering the national college rankings.   Others recommend choosing a college by the potential debt it might incur.  The College Board’s Big Future suggests a number of factors to consider when choosing a college, including size and location.  Some experts recommend visiting the college, speaking to students, alumni and faculty. Others recommend getting to know the resources available at the college and speaking to the admissions officers.  There are TONS of things to consider when choosing a college!

Almost all of the advice out there suggest that the decision should be based on information gathered by researching – and there’s not much of an emphasis on getting input from the family.

choose a collegeTaking a Different Approach

During my time as a financial aid counselor I helped many families learn about the college costs – AFTER the student had already enrolled in the college.  At that point, the student is already invested in the school and so is the family.

Also at this point many of the families (both parents and students) had regrets about their decisions and felt that it was too late to change course – it was the middle of the semester after all.  They had regrets about not evaluating their ability and willingness to pay for the college costs BEFORE having made the decision to attend.  Ability to pay is important – but even if a family has the ability to pay, doesn’t necessarily mean they have the willingness to pay.  Are they willing to pay $65,000/year for a private college?  Are they willing to take on the debt?

In many cases, by the time families came to me to explore their options about how to finance the college costs, they learned that they had very few options to make it work:

  • Borrowing Federal Parent PLUS Loans
  • Taking out home equity loans
  • Using credit cards
  • Dipping into their retirement accounts

The families were able to move forward with these decisions, but they had many hesitations about doing so.  Taking out a home equity loan, for example, was a common option that families chose.  But they were very uncomfortable with the decision.  The result?  Families ended up compromising their financial goals.

I recall some families would come up with other creative options like selling their cars or getting a second job.  I especially remember speaking to a father who admitted that he “sold the family gold” (I had no idea this was common practice!) to pay for his son’s education!

These families didn’t realize what they were getting into. Parents wanted to accommodate their student’s decisions, but I could tell that they were uncomfortable with the limited options.

This is why I strongly believe that choosing a college is a family decision. Because, like it or not, this decision affects the entire family – especially if there’s an expensive private college on your student’s radar.  It’s best to stay involved in this part of the process; and to make this decision together and compromise if necessary.

Does this make you feel uncomfortable?

It’s weird, right?  You’re probably thinking that choosing a college should be the student’s choice, not yours.  You don’t want them to feel guilty about wanting to choose an expensive college over a more affordable one that would make your life easier.  And you definitely don’t want to stand in the way of your child’s dream college.  It might even feel like you’re overstepping your boundaries by wanting to be involved in the final decision-making process.

This is normal.  In fact, it’s so normal that we forget that this is even a thing!  It’s called individualism and it places more value on the individual rather than the collective.  Merriam-Webster defines it as, “the belief that the needs of each person are more important than the needs of the whole society or group.”  Individualism is so deeply ingrained in our culture, that we don’t even question it.  Today, I want you to be critical of this deeply ingrained mindset.

Think about the differences between Eastern and Western philosophies.  In Western cultures, we place more value on the self, on our individual talents and accomplishments.  Eastern cultures place more value on collectivism which emphasizes the importance of groups, like the family, community, state, or country.

I believe that there is value in both Eastern and Western perspectives – and it’s important to balance between individualism and collectivism.

Individualism is a philosophy that we live by everyday and we don’t even notice it.  I want you to notice it today.  And when the time comes, I want you to notice it as it relates to choosing which college to attend.

How to Have the Conversation

I’d like to offer just ONE tip for you to work towards making this family decision: Next time you’re discussing college plans, you can say something like, “You can go to any college you want, but there may need to be some compromises.  We’re a team and we’re going to have to work together to make this decision work.”  Bottom line: the best thing to do is be direct, honest, and offer your support.

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Katie's HeadshotAs a financial aid counselor, Katie has witnessed the lack of financial literacy among college students. That’s why she’s a big believer in learning money management skills early in life. Sign up for her newsletter where she shares tips about how to prepare your teen to make smart financial decisions: http://planningwithpoise.com/

Infographic: How College Rankings Work

 

College rankings are important to millions of incoming students a year, yet few actually know how the rankings are compiled. To give viewers a more clear look at what’s involved with compiling college rankings at the top rankings organizations, the editors at College Choice have created this graphic to explain methodologies.

 

How College Rankings Work
Source: CollegeChoice.net

3 Tips to Help Your Child Prepare and Get Accepted to a Great College

 

collegeMost parents are thinking about their child’s collegiate future from the moment they enter high school, if not before. Some students are proactive about choosing a dream college and back-up options, while others need extra guidance from their parents to make those decisions. And regardless of whether your child is applying to one school or ten, the application process and months leading up to it are probably stressful for you as well!

You want to make sure they do their best work throughout their high school years, building up the knowledge and experience that will serve them in college, plus that they’ll put their best foot forward with the application process to increase their chances of being accepted. If this sounds like something you’re experiencing, here are some helpful tips you can follow to help your child prepare and be successful.

1.  Find a volunteering opportunity to share with your child.

The benefits of volunteerism are plentiful. Kids who volunteer learn about an important social cause and that they have the ability to make a positive impact on the world around them, even in a small way. It’s a great bonding experience for parents and children to do together. It also makes a meaningful addition to any resume.

2. Help your child raise low grades.

Tutoring is a great resource for students of all ages. Tutors are trained to help students study and learn specific subject matter plus develop learning strategies that they can employ in the future. Students who partner with a tutor not only have the opportunity to bring up their grades, but to value the importance of working to overcome difficulties. They also learn that they are capable and competent learners, even in subjects that don’t come naturally to them.

3. Encourage your child to pursue a passion.

High school students have a lot to focus on as they prepare for college life. Many juggle schoolwork with part-time jobs, obligations at home, and time with friends. They can improve their quality of life and maybe even open the door for new opportunities in the future by pursuing a hobby with fervor and merging it with their academic interests. For example, if they love skateboarding, help them look for opportunities to take that interest to the next level. Are there any local competitions at which they can volunteer their time or a skate shop where they can work a day or two a week? If they’re an aspiring writer, can they volunteer to write an article for a local publication about the skating community where you live? Your child will appreciate the support you provide and feel empowered to pursue things that are of interest to them.

Most parents will attest to the fact that the best approach to take as you help your child prepare for college is to be their partner in the process. Consider their natural talents and interests, and help them get the support they need to excel in those areas that they find more challenging. By being a strong support system for them, you’ll be able to give them the extra tools and guidance they need to choose and be accepted into an excellent college.

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 dusty foxDusty Fox is a full-time world traveler and freelance writer who contributes to the Ivy Trainers network. Visit the Ivy Trainers website to learn more about the services they offer.

 

Mom-Approved Tips: Preparing for the College Interview

 

college interviewCollege visits in the fall mean scheduling college interviews. The college interview is important for the student to learn more about the college and for the college to learn more about the student.

When my daughter was in the midst of her college search, she was interviewed by a representative of Boston University. Since this was her first choice college, she was nervous. She wanted to make a good impression and appear intelligent and confident. She prepared for some interview questions. Not all of them were asked, but it helped her go into the interview more relaxed. Although she wasn’t a top candidate according to their applicant statistics, the interview resulted in an offer of admission.

You can ace the college interview with preparation–the key word here is “preparation”. Recently, I wrote two posts for TeenLife Magazine: Can You Answer These 10 College Interview Questions and 5 Questions You Should Ask on a College Interview. In them I pointed out that students need to remember that they are interviewing colleges just as much as the colleges are interviewing them. Knowing this will help ease the stress of the interview and help your student take charge of the process.

A key thing to remember is that the college decision is your decision. Colleges seem to have the power during the interview process, but the interview is also your opportunity to clarify your choices and learn more about the college. Approaching this interview with this in mind will help you relax and be more confident. Asking questions shows the colleges that you are strong, independent and will be making an informed decision.

 

Is Military College Right for Your Student?

 

military college
Texas A&M Corps of Cadets

I recently had a discussion with an admissions officer regarding military colleges. The conversation arose because he had read my blog post “Motivating an Unmotivated Student”. In it I discussed my son’s college journey from high school, to the Marines, to college. He expressed his concern that many students are choosing the military as an option after high school when students who aspire to college can get the best of both worlds—a military college.

Twenty years ago, my son was in NJROTC and I was well acquainted with the service academies, but no information was given to him or to us about military colleges. The recruiters, however, were a constant presence in the unit. They have the cadets take the ASVAB test and use the test to draw them into military service. For some students, the military is an excellence choice. For others, a military college might be a better option.

What is a military college?

According to The Association of Military Colleges and Schools, “Military schools have a unique culture that is built on tradition and proven practices.  Students wear uniforms and participate in ceremonies that develop self-discipline and foster pride. Most are boarding (residential) schools where the students live together and are part of a student-lead organization that helps each student develop competencies as a follower, team member, and leader. Students learn the importance of self-discipline, time management, and to work together with others as part of a team.”

What types of colleges are available?

There are Senior Military Colleges (4 year), colleges that offer ROTC programs, and Military Junior Colleges (2 year). Cadets have formation, physical training and wear their uniforms. For more information about the specific programs, you can check out these sites:

What is the military service obligation?

Two-year colleges, colleges and universities all offer programs leading to commissioning that include a service obligation. However, none of these programs are mandatory and many students participate in the school’s Corps of Cadets without incurring an obligation. The decisions whether to accept a commission is normally made at the beginning of the junior year.

Where can I get help or ask questions about military colleges?

As with any college information, going to the source is the best practice. Contact the admissions offices of each individual college for information, schedule a visit, and speak with an admissions officer.

Another excellent source for information is the Service Academy Forums. You can browse the FAQs, view the questions and answers already posted, and even post a question. Often these forums provide parents with answers to all of their questions.

The military can be an excellent choice for anyone desiring to serve their country. But you might want to consider a military college, giving students the military experience along with a strong education.

 

50 More College Prep Websites

 

college prep websites
Recently I posted an updated version of 56 college info websites. Following are 50 more college prep websites to help with college prep and more.

Financial Aid

1. http://www.howtopayforcollegehq.com – Weekly podcast to help parents pay for college using debt free strategies.
2. https://collegeabacus.com – A financial aid calculator to help compare college net price calculators and determine the cost of college.
3. http://costoflearning.com – This tool gives college applicants and their families insight and clarity into understanding the TRUE cost of college.
4. http://www.collegemoneyman.com – A podcast with information for parents and students about financial aid and scholarships.
5. http://www.financialaidletter.com – Read real college financial aid award letters and get tips on decoding and translating them.
6. http://www.customcollegerankings.com – A powerful yet easy-to-use tool to help find and compare colleges.

College Searches

7. http://www.collegemeasures.org – Makes available key data through websites enabling users to make smarter college decisions.
8. https://statfuse.com – This tool helps students determine their chances of getting in to a specific college.
9. http://www.ctcl.org – College That Change Lives supports a student-centered college search process providing information on colleges that indeed change lives.
10. http://collegelists.pbworks.com/ – Wiki lists of all kinds of search criteria about the college search.
11. http://www.collegedata.com – An online tool to search for colleges, calculate your chances, track admissions, search for scholarships and more.
12. http://nces.ed.gov/collegenavigator/ – Get all the data and information on colleges before you make your college list.
13. http://www.collegeview.com/index.jsp – A search engine allowing you to choose specific categories related to college and gather information for the college list.
14. http://www.collegefactual.com – Find a college and a major that fits your student with an affordable degree you can use.
15. http://www.ratemyprofessors.com – Search and rate professors and scope out new ones for the upcoming semester; explore comprehensive database for school ratings, reviews and more.

College Planning

16. http://www.parenttoolkit.com – A toolkit that helps parents keep track of their child’s educational journey from PreK through high school.
17. http://www.sreducationgroup.org – Comprehensive information for students about their options for school.
18. http://www.ubind.co – A site where you can tour universities, bind with recruiters and plan for college.
19. http://www.college-connections.com – Expert college advice and educational consulting services to empower students for admissions success.
20. http://collegeappwizard.com – This tool walks you through each step of the college planning process and helps you organize all the information in one location.
21. http://collegeprepready.com – A college success coach that helps parents and students transition into college, providing them with tools to enter college prep with a competitive edge.
22. http://jlvcollegecounseling.com – College counselor who helps families through the college admission process.
23. http://www.collegeright.com – Helps students become savvy college shoppers and empower them to take control of the application process.
24. http://collegeconnect.info – Personalized college planning, guidance and support.
25. http://www.ivywise.com – Admissions counseling empowering students to reach their academic goals.
26. http://www.sixstepcollegeapplication.com – Admissions counseling with free downloads for parents and an excellent blog.
27. http://internationalcollegecounselors.com – Personalized college advice and counseling.
28. http://www.bestcollegefit.com – Advice for parents and students from an expert offering a blog, events and workshops.

Test Prep / Tutors

29. http://directhitseducation.com – Books and course to help prepare you for standardized tests.
30. http://www.edupath.com – An online test prep service that lets parents follow their teen’s training and progress.
31. http://www.mytowntutors.com – A tutoring resource for parents and a place where tutors can register.
32. http://preppedandpolished.com – In person or online tutoring and test prep to help with college admissions.
33. https://grockit.com – An online test prep service for students with personalized learning and analysis.
34. https://benchprep.com – Test prep platform offering interactive courses and personalized learning.

Scholarship Searches

35. http://scholarshipopportunity.org – A series of books and a search tool that features a comprehensive list of scholarships, internships, and fellowships for all demographics.
36. https://www.scholarshipexperts.com – A scholarship directory and search engine to help parents and students find free college money.

Essays

37. http://www.collegeessayorganizer.com – A search tool that delivers essay topics and helps students organize all essay questions in one place.
38. http://www.collegeessayguy.com – Free resources, one-on-one essay sessions, online webinars, and in-person workshops to help with the college essay.

Social Media

39. http://www.socialassurity.com – Helps teens, college students and athletes optimize their online presence.

Parent Information, Advice and Blogs

40. http://www.road2college.com – A blog for parents giving the scoop on college admissions and financing.
41. http://teenlife.com – Their mission is to help teens and their parents find and participate in meaningful learning opportunities (also provide an excellent blog with topics related to college prep)
42. http://knowsymoms.com – A place for college parents and pre-college parents to gather and read stories and advice from other parents. and get college advice.
43. http://www.collegeadmissionbook.com – Great information for parents and students about college admissions.
44. http://www.pocsmom.com – Expert insider advice from a parent on college prep and the parent role in the process.
45. http://www.morethanatestscore.com – A must read blog from Zinch for parents and students who are heading to college.
46. http://blog.thecollegeplanninggroup.com – Excellent blog with information for parents and students about college admissions.
47. http://www.collegeparents.org – A place for parents of the college-bound to ask and find answers about the college prep process.
48. http://www.harlancohen.com – Get advice from the author of several books about college and a mini-course for parents.

Textbooks

49. http://simplebookswap.com – Buy, sell and swap used  textbooks with local students.

Study Abroad

50. http://www.semesteratsea.org – A multiple country study abroad program with credits that transfer to college.

Wednesday’s Parent: No Regrets

 

no regrets

No regrets. You know the feeling. It creeps up in the pit of your stomach after you’ve made a difficult decision. Life deals us many difficult decisions—the college choice is perhaps the first of many. After you send that acceptance off, especially if you had multiple offers, it’s common to wonder if the college you chose is indeed the best college for you.

We all have regrets

My daughter will tell you that after accepting an offer from her second choice college she had regrets. Was it a good idea to move so far away from home? Was the college going to provide her with a well-rounded education? After choosing a small college over a larger one, was it the best choice for her? She will also tell you that even though it wasn’t her first choice, she does not regret making the decision and is incredibly glad she chose the college she did.

Regrets aren’t productive

Embrace the decision and move forward. You can’t change the decisions you make, but you can make the most of them. Instead of worrying about your decision, decide to own it and plan for the future. Why waste your time regretting when you can spend your time looking forward?

“It’s better to have a whole bunch of “oh wells” than a life of ‘what ifs’ “

I love this quote. So many people choose not to decide because they fear making the wrong decision. I like to say there are no wrong decisions, only different paths. We often learn and grow from the decisions we make, even if the outcome isn’t what we anticipated. Life tends to throw us some curve balls every now and then.

After May 1st decision deadlines have come and gone, leave the regrets behind and look toward future possibilities.

Read Wendy’s post: 3 Steps Forward, Leaving Regrets Behind

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Wednesday’s child may be full of woe but Wednesday’s Parent can substitute action for anxiety. Each Wednesday Wendy and I will provide parent tips to get and keep your student on the college track. It’s never too late or too early to start!

The bonus is on the fourth Wednesday of each month when Wendy and I will host Twitter chat #CampusChat at 9pm ET/6pm PT. We will feature an expert on a topic of interest for parents of the college-bound.

Wednesday’s Parent will give twice the info and double the blog posts on critical parenting issues by clicking on the link at the end of the article from parentingforcollege to pocsmom.com and vice versa.

How Do You Choose a College?

 

choose a collegeTeenagers. They have such a simplistic view of life. When you ask many of them about college, they reply, “All I need is a degree”. They don’t know where they want to attend or how to choose a college. Many haven’t even thought about it until senior year.

How DO you choose a college? Do you choose it with your heart and not your head? Partially. Is it all in a name? Not necessarily. Is about going to a college close to home? Possibly. Is it about finding a college with Greek life? Could be. All these factors could play into your student’s college choice, but before you randomly choose a college that is famous; or that your student’s friend is attending; or is affordable, you need to do your research.

Here are some key factors you should consider before you make that college list.

The cost

The cost of the college is certainly a consideration. However, it should not be the only one. Most college sticker prices are not the cost you will pay. Expensive colleges aren’t necessarily the best fit for your student. Before you make that college list, however, discuss with your student what you will be willing to pay and add colleges that fall close to or below that figure. Applying to a college that is beyond your family’s reach financially will only cause heartache if your student is accepted and you can’t afford to pay.

Financial aid

If financial aid is a concern, you should search for colleges that offer high percentages of financial aid, such as Catawba College in Salisbury, North Carolina, offering financial aid to 84% of undergraduates, with the average financial aid package around $20,090.1 Facts and figures like this can narrow down the choices. Colleges that offer very little financial aid might not be a good fit for your student who needs help with college costs.

College majors offered

Your student may be interested in studying Asian History (like my son did); but is that a major that will be employable after graduation? For my son, it was not. Some may say that a degree is a degree, and on some levels many companies are simply looking for that diploma. But why spend four years studying something you won’t be able to use when you pursue a career?

In the current issue of U.S. News and World Report’s Best Colleges 2014, you will find “11 Hot Majors That Can Lead to a Great Job.”2 If your student leans in any of these directions look for a college that has degrees in these fields:

  1. Biomedical Engineering
  2. Biometrics
  3. Forensic Science
  4. Computer Game Design
  5. Cybersecurity
  6. Data Science
  7. Business Analytics
  8. Petroleum Engineering
  9. Public Health
  10. Robotics
  11. Sustainability

Exploring the ROI (Return on Investment) of various careers is an important part of choosing a college.

Professor to student ratio

If your student has trouble focusing in class, is intimidated by large crowds, and needs more personal instruction to be academically successful, a large state university might need to be ruled out. There are plenty of small liberal arts colleges with great academic records and majors that would be a better fit for your student. When my daughter was choosing a college, our decision was highly dependent on this factor alone. Once we had found colleges that had low professor to student ratios, we were able to look at other key factors in making the decision.

Selectivity

Let’s face it. Everyone wants to go to Harvard. It’s the oldest and most prestigious university in the country and it is #2 in U.S. News rankings. Its name is instantly recognizable and equated with excellence. Unfortunately, Harvard is highly selective. The college offered admission to 5.9% of applicants this year. If your student doesn’t have all A’s and perfect SAT scores, Harvard is not for him.

However, there are many fine colleges that give credence to hard work and commitment. W. Kent Barnds, vice president of enrollment at Augustana College in Rock Island, Illinois, where the average GPA was 3.17, makes the point:3

I think really, to be quite honest, most colleges and universities are delighted to work with the student who has a good work ethic and has taken difficult classes and has earned that B average.

College truly is for everyone. If your student is an average student, don’t despair. Look for the colleges that will recognize his potential and see him as a viable applicant. Better yet, look for the colleges that he would be a top applicant in the applicant pool. This translates into more merit aid in the financial aid package.

What else should you consider?

In addition to these key factors, you might also want to consider location, student services, graduation rates, alumni network, study abroad programs, and available internships.

There is the emotional factor as well that responds to the college surroundings. Rebecca Ridings, class of 2013 says, “I followed my sister to John Brown University and was struck by the beauty of the campus’s blooming dogwoods and its peacefulness”. Yet another current college student, Isha Pandya, class of 2016, notes when speaking of Bryn Mawr College, “The school’s beautiful 19th-century stone buildings, green lawns and cherry blossom trees help to create a welcoming environment.”4

Even with all the right information in place and gathering facts and figures, choosing a college is more than just a college on paper. Most students will tell you that they just “knew” when they set foot on a college campus that it was right for them.

For my readers—if you’re interested in purchasing a copy of U.S. News and World Reports Best Colleges 2014, use the coupon code: SCHOOL25.

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Best Colleges 20141. Excerpted from “Directory of Colleges and Universities”: in U.S. News & World Report’s Best Colleges 2014. Available at usnews.com/college14. Copyright © 2013 U.S. News & World Report, L.P.; 2 Excerpted from “11 Hot Majors That Can Lead to a Great Job” (which provides additional information, including leading colleges that offer majors in these fields); 3. Excerpted from “What If You Don’t Have All A’s?”; 4. Excerpted from “Why I Picked . . .” All quotes Used by permission of U.S. News & World Report, L.P. All rights reserved. U.S. News allows republication of this excerpt without specific written permission or payment of royalties, provided that the excerpt is republished in its entirety without any modifications and includes this notice. Please contact permissions@usnews.com with any questions.

This is a paid sponsored post.

 

Mom-Approved Tips: Know When to Hold’em; Know When to Fold’em

 

making college decisionsIt’s coming down to the wire for making college decisions and you and your teen have to decide on a college by the May 1st deadline. For some families, it’s easy. For others, it’s emotional and gut wrenching. If your student got into their dream college and the money is there, congratulations. If your student was waitlisted, or there’s a financial issue, or they didn’t get an offer of admission to their first choice college it’s time to examine the deck. By doing this, you can help your teen make the best decision.

The wait list card

If your teen gets waitlisted, it’s time to fold. Even though some students do get off the waitlist, it’s too much of a gamble to take; especially if other colleges are offering admission. The risk you take is not worth the reward. Toss in the card and move on to the next hand.

The rejection card

Nobody likes this card. It’s a deal-breaker and you have no choice but to fold and move on. It’s disappointing but there is a better card in the deck.

The admission card

This is the payoff. With these cards you have a full house. Hold on to them and treat them as they are—winners. There are no losers with admission cards and even if they weren’t the cards you wanted they will reward you in the end. It’s from these cards that your teen will pick the college they attend. Evaluate their worth and look deeper into their face value. Your teen might discover a wild card in the bunch that trumps all the other cards in their hand.

The financial aid card

This is the high card, or the ace, because it improves your hand and increases your winnings. When colleges send this card to accepted students, the amount on the card is a direct indication of how much a college wants you to accept their offer of admission.

When your student mailed off their college applications, it was a gamble. They were all in and now it’s time to claim the winnings. The right college for the right price is a jackpot.