Category Archives: college costs

college costs, scholarships

Summertime is Scholarship Search Time

scholarship3For many of you, it’s just been a few days since the school shut its doors for the summer and your teens are already showing signs of boredom. Never fear! The cure for boredom is to put them to work. Every parent knows that idle hands are the devil’s playground (great line from The Music Man). But seriously, here’s a great way to keep them occupied and productive: have them search for scholarships. There are oodles of summer scholarship opportunities. Some themed around summer, and some with summer deadlines.

FastWeb has compiled a short list of  a few that might catch your teen’s eye. And remember, not ALL scholarships are for seniors. Many of them are not age specific and if your teen starts early, by the time they are ready for college they could accumulate a nice fat college fund.

Additionally, it’s a good time to circumvent the scholarship sites and get an idea of who won this year’s prize and take a look at their submissions. It is a great way to prepare for the next year and have a head start on the competition.

There’s really NO excuse for the word “bored” to come out of your teen’s mouth!

P.S. Scroll down and take a look at the scholarship opportunities I have posted here. There are two of them that could land you teen a nice chunk of change.

college costs, scholarships, Uncategorized

Blade Your Ride Scholarship

If you have a college-bound teen, (entering college in the fall) or a college student (all the way through grad school), check this scholarship opportunity out. Just click the link below for details on how to apply. The deadline is June 30, 2009, so don’t procrastinate! There are some BIG BUCKS available for the environmentally conscious.

blade-your-ride-scholarship

Blade Your Ride Scholarship

college costs, college planning, Uncategorized

Exploring Community College Options

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Many graduating seniors have decided to take the community college path before heading off to a 4-year university. They will tell you that they’ve made that choice for several reasons: cost, academic preparation, and the freedom to stay at home for the first few years. Community colleges aren’t just training grounds for technical careers, they are also the first stop for about 4 in 10 of college-bound high school graduates.

Here are 8 reasons why community college might be a good fit for your college-bound teen:

  1. They lack the academic preparation to succeed in a 4-year program.
  2. They want to get the basics out of the way before taking on a rigourous college courseload.
  3. Cost is an issue and by going to a community college for 2 years provides  relatively inexpensive start to a higher education.
  4. They need flexible class schedules to accomodate a full-time job.
  5. They lack focus and don’t have any idea what type of career they want to pursue.
  6. They need extra attention from instructors and a smaller class environment.
  7. They feel intimidated by the prospect of attending a 4-year college.
  8. They want to pursue a technical career and can do so with a degree from a 2-year college.

Community college might not be for everyone. But, it might be a perfect fit for your teen. And, if your teen is planning on making it the start of a 4-year degree plan, do some research and verify that the classes will transfer to the university they plan to attend. There’s nothing more frustrating than taking a class and finding out the credits won’t transfer.

admissions, college costs, college guidance, college planning, extracurricular activities, financial aid, scholarships, social networks, test prep

U.S. News & World Report-Best Colleges

This is not a commercial plug for this publication. It is however, an explanation of why I believe this is a MUST read for any college-bound teen. There are three options available for your use:

  • The print edition for $9.95
  • The online edition for $14.95
  • The combo package (print and online) for $19.95

If you don’t want to fork over the cost for either of these, you can browse their website and find a wealth of information.

It is my recommendation that you invest in at least the print version of this publication. If you’re in the process of choosing a college or even widdling down some choices, this publication will give you the needed information to make the right choice.

What does it provide?

  1. It is packed with articles about how to choose a college, how to prepare, how to get in, and how to pay for the education.
  2. It provides information about the best colleges concerning tuition, aid packages, student body, room and board cost, email addresses and website information.
  3. There is also explanation on how they determine their rankings based on several key measures of quality: academic reputation, retention, faculty resources, student selectivity, financial resources, graduation rate performance, and alumni giving rate.
  4. It is an invaluable tool for determining past financial aid packages and will help you gauge if applying to a top-tiered college will be affordable based on alumni giving.
  5. Schools vie for the prestige of being in this publication. If a school makes the list, you can be assured that the quality of the education you receive is worth every penny you spend.

And…Since this is such an invaluable tool for college-bound teens and their parents, here’s what I’m going to do:

To qualify for a giveaway of the U.S. News and World Report 2009 Best Colleges, simply sign up for my College Tips Email and post this on Twitter:

@suzanneshaffer is giving away a FREE U.S. News and World Report-Best Colleges 2009 http://tinyurl.com/kk6zg4

I will be choosing a random winner on June 15th. Spread the word to all your friends who have teens heading off to college !

admissions, college costs, financial aid

Choices. Choices. Choices.

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The college acceptance letters arrive. You would think it would be easy after that. Your teen has gotten into their 1st choice school and it’s simple; you fire off the acceptance letter to that school and the deposit and it’s a done deal.

But wait. What if some of the other schools offer financial aid packages that are just too good to be true? Like for instance: a full ride, numerous academic scholarships and grants, along with other incentives like reduced housing for the freshman year. Since the college market is highly competitive, it’s possible that you could be faced with an even more difficult dilemma: attend your 1st choice school OR attend a school offering a better financial aid package.

That’s exactly what happened to us. Through a series of events out of our control, the high school neglected to send my daughter’s mid-year transcript to Boston University.  Because we neglected to follow up, we did not know that was the case. When her financial aid package arrived from BU, it was completely defunct of ANY aid, except a small Stafford Loan. All the other colleges offered her multiple academic scholarships based on her mid-term transcript. One phone call ascertained the reason behind it and since the tuition was incredibly high, it knocked out her 1st choice school immediately.

Here are some lessons we learned:

Always follow up on important submissions to colleges–it’s your responsibility to verify they received ALL documentation prior to the financial aid decision

When your acceptances and financial aid packages arrive, compare them carefully. It’s highly possible that an aid package from an expensive private university will outshine the aid package from a state funded public university

Remember that there are many factors to take into consideration when making the final choice: aid package, course offerings, size, location, and don’t exclude your “gut” feeling.

Be sure when you apply that every school in your application pool is one you would like to attend. If you are offered a free ride to a school that was bottom on your list, but you put it there for a reason, you want to be able to seriously consider choosing it.

And…my personal final thought:

Everything happens for a reason. Although my daughter was not able to attend Boston University, another Boston college was in her pool of schools and it turned out was a much better fit for her in the long run.

If you do your homework in advance, the choices, although they might be difficult, will end up being the right ones in the long run and your teen will enjoy a wonderfully exciting and academically challenging college experience.

admissions, college costs, college guidance, college planning, extracurricular activities, scholarships, social networks, Uncategorized

"Has the mail come yet?"

We’ve all asked that question throughout the course of our lives. But for a senior in April, it’s a daily stress point. Because it’s the month that college acceptance letters arrive. It’s the month that all their hard work (and yours) finally pays off. When they rush home from school and open that envelope and see this word, “Congratulations…” (they rarely read past that word) it’s one of those life moments that brings all their high school struggles into perspective.

The New York Times has devoted a series, “The Envelope Please”, to stories of seniors who received that envelope. There are numerous accounts of acceptances and even rejections; because rejection is a part of the process many times and something we all have to learn to deal with. If you’re a parent of a soon-to-be senior, you should read the articles. It might help you with that all-important time down the road.

I remember very clearly that month in my daughter’s life. She had a list of 7 schools that she had applied for admittance. Her #1 choice was Boston University. She had worked so hard with admission interviews, phone calls, and making sure her application was complete. When the letter arrived she was afraid to open the envelope. But when she did, she jumped up and down, screaming with joy and excitement.bu-acceptance-letter

As it turned out, she was accepted to all 7 of the schools that she applied to.  The four years of hard work paid off and the wait was over. Now the decision followed: which school would she be attending? This decision was a difficult one. And one that many parents and teens struggle with. Why? Because for most families, college choice is weighted by the amount of the college’s financial aid package. As it was for our family.

Tomorrow I’ll be talking about that decision and the lessons we learned along the way. If you’re a parent of a college-bound teen, you won’t want to miss that post.

Do you have a teen that just received their acceptance letter this year? What was your experience like? Was it a positive one?

admissions, college costs, college guidance, college planning, social networks, Uncategorized

An Ivy League School Steps Up

harvard_u_shieldHarvard University has adopted a new financial aid policy. It’s geared toward reaching out to families who are considered middle-low income ($180,00-$60,000). And if you’re in the low end (below $60,000)–hold on to your socks–your child can attend at no cost! That’s right; an Ivy league education FREE OF CHARGE.

According to President Drew Faust:

Our new financial aid policy has dramatically reduced the amount families with incomes below $180,000 are expected to pay, and parents of families with incomes below $60,000 are not expected to contribute at all to college costs. We no longer consider home equity as a resource in our determination of a family contribution, and students are not expected to take out loans, which have been replaced by need-based Harvard scholarship. This new program has reduced the cost to middle income families by one-third to one-half, making the price of a Harvard education for students on financial aid comparable to the cost of in-state tuition and fees at the nation’s leading public universities.

What’s the catch? Your child has to be accepted. But if you have an honor student who has the grades and can meet their admission criteria, my advice to you is to GO FOR IT! With the cost of education rising every year, Harvard has taken the lead by offering this amazing opportunity and making their school affordable to the middle class. They are even claiming that the graduating class of 2008 is graduating with ONLY an $8300 debt. Considering the cost of a Harvard education, that’s a remarkable claim.

What have you got to lose? A $200,000 private university education completely PAID IN FULL. I don’t know about you but I wish it had been available when my kids were applying for financial aid and scholarships. It would have eased the burden and provided a much-needed financial savings.

You can read all about the offer by clicking this link:

Harvard College Financial Aid Office

college costs

In College, the Little Things Can Add Up

It’s a given that the greatest college expense will be tuition, followed by room and board. But it’s the little things that can add up. If you’re budgeting for college and have all your ducks in a row regarding the BIG expenses, you might want to take a pencil and budget in the little things. You’ll be surprised how the nickels and dimes can add up to hundreds.

  • Transportation-Most campuses do not allow freshmen to have cars. If they do, consider doing without. You can most likely find everything you need on or near campus. Consider buying a bus pass or walking. It’s the easiest way to pare down the expenses.
  • Communication-Compare cellphone plans and make sure you’re signed up for a plan that allows you to have unlimited texting and free conversations with your friends and family. Keep track of your minutes and don’t go over.
  • Computer-Many schools college-costsrequire students to have a personal computer. Shop around for one with a wireless connection so you can use the campus ethernet. Buy it when there are sales and bargains and verify that a good warranty is attached.
  • Insurance-If your family has health insurance that covers you, make sure the college doesn’t tack on those extra charges to your tuition bill. It’s not a bad idea to get some sort of content coverage for your dorm room. Things tend to “disappear” on crowded college campuses.
  • Tuition-Stay on track and make sure you finish your education ON TIME. Additional semesters, hours, etc. will increase your tuition and add extra costs when they are unnecessary.
  • Food-If you eat regular meals, the college meal plans are great bargains. If you don’t, and your college will allow you to opt out or pick and choose, you might save money by doing so. My daughter rarely used her plan and we found it was an unnecessary expense.

These are just a few ideas that might help you save some cash during your college years. As a parent, you’ll appreciate the chance to keep some of your hard-earned money in your pocket.

If you’ve got a hint I haven’t touched on please comment here. I’m sure our readers could benefit from any and all suggestions.

college costs

Kindle-A College Textbook Solution

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Business Week posted an article yesterday regarding the soon-to-be released larger version of the Kindle Reader:

Kindle may start getting a warmer reception in colleges come May 6, when Amazon (AMZN) launches what is expected to be a larger version of its Kindle e-book reader that is more suited to academic publishers. Six universities including Case Western, Pace, and Princeton are partnering with Amazon and major publishers to supply students with the new device in the fall, The Wall Street Journal reports.

kindleIn my opinion, this is a win/win proposition for Amazon and for parents of students heading off to college. College textbooks can cost thousands of dollars per semester, depending on the subject and level of advanced courses. If you purchase a Kindle reader for $400, even if the ebook is 25% less than the hard copy version, that’s a huge savings. Not to mention the convenience of eliminating the need to carry all those heavy books around and alleviating back problems caused by a heavy backpack.

College textbooks were always highly overpriced in my estimation. Even if you were able to find a used version, there was no guarantee that it would contain the revision material that was updated on a regular basis. And many times bookstores would not purchase textbooks back if the course was no longer being offered or utilizing that particular textbook.

There are so many “hidden” college costs that can add up. This cost saving can help parents and students on a tight budget and also offer a great alternative to hoards of books that you have no idea what to do with after graduation. If you’re a parent and you have a teen heading off to college in the fall, keep tabs on this developing news.

What do you think about this technological offering? Would you purchase a Kindle for your student?