Category Archives: college planning

college costs, college planning, parenting

Saving for College

529-college-savings-plansSo many parents ask me the best way to save for college. Since every family is different, and their financial situation is unique it’s difficult to give a generic answer. But one thing is certain: saving will reduce your financial burden when your teen enters college. And as a responsible parent, you should plan for this expense, just like you plan for retirement.

Many experts agree these are the two best ways to save:

An Education Savings Account or Education IRA–This allows you to save $2,000 (after tax) per year, per child. Plus, this grows tax free! If you start when your child is born and save $2,000 a year for 18 years, you would only invest $36,000. However, at 12% growth, your child could have $126,000 for college!

A 529 College Savings Plan–Look for a 529 plan that allows YOU to control what funds are in the account. Do not choose a 529 plan that freezes your options or automatically changes your investments based on the age of your child.

Both of these options offer tax savings.

If you want to see how much you should begin saving, use this easy College Costs Calculator. But, be prepared for college sticker shock. Looking at it on paper can be quite sobering.

Here are two great sites that will help educate you and your family about saving for college.

SavingforCollege.com

Finaid.org

Spend some time reading all the information because all the answers can be found on these two sites. Once you know the facts about college savings you will be able to make an informed decision.

It’s never too late to start saving. And remember…Preparation Prevents Panic!

college guidance, college planning, parenting

Back to School Party

momrnCome and join me tomorrow at 1p.m. central time for a Back to School Party with another mom, MomRN Tamara Walker. Tune in early at 12 p.m. for some other great back to school tips and giveaways.

MomRN will be giving away a Parents Countdown to College Toolkit ($147 value) to some lucky listener so you won’t want to miss this!

Meet you on the call or on the web! Just click the link below to join in.

MomRN’s Back to School Party

college guidance, college planning, parenting

What type of Parent College Coach are you?

 

 

parent communicationsEach of us has a unique personality that will influence the way we coach our teens. The key is to find yourself, recognize your weaknesses, identify your strengths and adapt to provide your college-bound teen with the best coaching possible.

The “let me do it for you” parent

Always remember, the college search and application process is a teen project. You can help, but don’t do it all for them. They need to be involved and when those admissions letters arrive they will own that accomplishment.

The “over-anxious” parent

Knowledge is power-if you have the tools and know the facts you’re anxiety will decrease and you will be less likely to pass that along to your teen.

The “pushy” parent

The best way to handle your over-achiever personality is through organization. If you work with your teen to get them organized and they are aware of the deadlines, you won’t have to be that pushy parent.

The “my dreams are your dreams” parent

The quickest way to ensure failure in college is to send your teen off to a place where they feel pressured to succeed at something they never truly wanted to pursue. If you have unfulfilled dreams, find something you can pursue yourself that will satisfy that passion; and encourage your teen to walk their own path.

The “I’ll think about that tomorrow” parent

The problem with this philosophy is that it won’t work with deadlines, and the college maze is all about the deadlines. Preparation and organization are keys to overcoming procrastination. Thinking about it tomorrow will only lead to frustration, disappointment, and regret.

The “uninvolved” parent

It’s great to expect them to be responsible, but you and I both know that teenagers will be teenagers. Their minds and lives are headed in hundreds of different directions and staying on task can sometimes be inconceivable. It’s your goal to steer them back on course and help them reach their final goal.

The best case scenario:

The “well-balanced” parent

The well-balanced parent utilizes the best organizational tools to help their college-bound teen stay focused and on track. This is the type of parent coach we should all strive to become. You balance coaching, encouragement and guidance with information gathering, organization and goal setting. Your teen does not stress about deadlines because you have sat down together and created a calendar of upcoming scholarship applications, college entrance tests, activities, and school related events. You and your teen are confident and aware of the course you have set together and assured that because you are prepared and organized, the end result will be that your teen is able to reach their goals of college acceptance. You have planned ahead concerning the financial process and have utilized all the tools available to assure an impressive financial aid award package from the colleges where applications are submitted. You coach without pushing, pressuring or stressing out and your teen knows that they have your support and can look to you for positive feedback.

Which type of parent college coach are you?

admissions, college guidance, college planning

MoreThanGrades–A great resource for Parents and Teens

more-than-grades-logo

When you’re a parent of a college-bound teen, you’re always looking for resources to help both you and your teen navigate the college maze. I’m always excited with a new resource comes online and I want to share it with other parents. MoreThanGrades.com is a web-based platform for students to create customized profiles for review by college admissions officers.

According to Ed Carpenter, the CMO of More Than Grades:

Students (and parents) can utilize the site in a variety of ways. We have an interactive college search feature that allows students to get the information they need. We also have the ability for students to find non-published scholarships that colleges offer using the same search engine.

Colleges can search for students using their search function, which allows them to seek out individuals with specific criteria listed in a student’s profile.

Our guidance tab allows students to ask individualized questions and get responses from our guidance and college representatives.

Spend some time at  MoreThanGrades and you will find this is an innovative approach to helping your teen create an online profile. The site gives college admissions officers the opportunity to learn more than the obvious application information about your teen.

college guidance, college planning, extracurricular activities, parenting, social networks

Parents of High School Freshmen: It's time to view your course options

high-school-courses-thumb7673077The U.S. Department of Education has compiled a list of courses for the college-bound student that is recommended by higher education associations and guidance counselors. These courses are specifically recommended for students that want to attend a four-year college. Even if your teen is leaning toward community college, junior college, or a technical college, they should still consider these courses. They provide the preparation necessary for all types of postsecondary education. Although academic requirements differ among colleges, the admissions requirements listed below are typical for four-year colleges. The specific classes listed here are examples of the types of courses students can take.

English–4 Years  (American Literature, English Composition, English Literature, World Literature (many schools offer English I, II, III and IV which combines all these within the yearly offerings)

Mathematics–3-4 Years   (Algebra I, Algebra II, Calculus, Geometry, Precalculus, Trigonometry)

History/Geography–2-3 years  (Civics, Geography, U.S. History, World History, U.S. Government, World Cultures, World Geography)

Science–2-4 years (Biology, Chemistry, Earth Science, Physics, Marine Science)

Visual/Performing Arts–1 year (Art, Dance, Drama, Music, Band, Orchestra)

Foreign Language–2-4 years

Challenging Electives–1-3 years  (Communications, Computer Science, Economics, Psychology, Statistics)

Mathematical skills and scientific concepts and skills learned in challenging math classes are used in many disciplines outside of these specific courses.

Traditional English courses will help students improve their reading comprehension and also their writing skills and vocabulary. All of these skills are part of the SAT and ACT college aptitude tests.

History and geography help your teen better understand their society as well as other societies and governments around the world. Learning from history is a valuable tool in teaching your teen that there are consequences to all of our actions.

Encourage your teen to participate in the arts disciplines (visual or performing). Studies show that students who do often do better in school and on standardized tests. The arts also give them a richer understanding of history, science, literature and math, as well as helping to spur their creativity and ignite their passion. Many college admissions staff view participation in the arts as a valuable experience that broadens student’s understanding and appreciation of the world around them.

college guidance, college planning, parenting, Uncategorized

The 3 P's-Preparation Prevents Panic

I hate to admit it, but I’ve always been a procrastinator. It’s not one of my most admirable traits and oftentimes it results in some rather stressful moments. I’ve made every attempt to learn from my past mistakes, but old habits tend to die hard.

When I feel the urge to procrastinate, I remind myself of this simple montra: Preparation Prevents Panic. It applies to every area of our lives, especially as you navigate the college maze of information, forms, applications, and deadlines.

Preparation is the key to not only surviving, but remaining unstressed during the next four years. If you follow these simple guidelines, you won’t panic during your college-bound teen’s senior year.

  • Save everything-Keep essays, announcements, awards, report cards, and any records that might pertain to their college profile resume.
  • Watch the deadlines–Get yourself a “write-on” calendar and keep abreast of upcoming deadlines for scholarships and college testing.
  • Stay involved-Don’t expect your teen to keep abreast of everything on their own. They will be busy and need your help staying on-track and focused.
  • Stay organized-Keep all your college-related records in one place.
  • Don’t be afraid to ask questions-If you have questions about anything related to the college process ask your teen’s counselor, do some internet research, or you can always post a question here and I’ll do my best to get you a quick and helpful answer.

If you keep these suggestions in mind, you won’t be tempted to procrastinate which will result in panic.

Say it with me: Preparation Prevents Panic!

admissions, college guidance, college planning, extracurricular activities, financial aid, test prep

Preparing for College: A Helping Hand

The University of Arizona has established two programs to help high school students prepare for the college experience. They are welcoming high school sophomores and seniors to a summer program that provides them with valuable information about the university and about building a foundation to help students succeed once they graduate high school and enter college.

The 2-day senior program is focused around admissions and acquainting students with the various majors available. The week-long sophomore program is focused around teaching students how to build a foundation for academic success.

According to University of Arizona academic advisors:

Minimally, families should be planning for college as early as 8th grade, when many academic decisions with long-term consequences are made. Course planning for the freshman year often begins early to mid-spring semester of the eighth grade year, and it is important that parents and school personnel help young students design a plan for college enrollment beginning then.

This program gives students a helping hand. This program was implemented after a 2007 pilot study showed that “addressing the transition barrier between high school and college was a critical point needed to help raise high school graduation levels and college enrollment”.

Hopefully other colleges will follow suit and implement these transitional programs. A student who is prepared and armed with the tools to succeed will be less likely to enter college overwhelmed and be less likely to drop out or fail.

Read the entire article here.

college guidance, college planning, parenting, test prep

Heads Up…Freshman Parents!

high school juniorsThe beginning of the school year is approaching for new high school freshmen and it’s time to start thinking about college. Yes, that’s right. It’s time to start the college preparation process so that three years down the road you aren’t scrambling to pull it all together. As a parent, your involvement during the high school years will become even more intense as a source of guidance and encouragement.

Freshman parents–>It’s time to sit them down and formulate a plan for the next four years by establishing open communication and discussion. You can do this by talking about their goals, letting them know what is expected of them, and encouraging them to take an active role in their future.

Here are some topics that you might want to discuss with them:

  • The importance of an education and how it will affect their future
  • The goals and dreams you have for them and the goals they have for  themselves
  • Any rules you have regarding study time, curfew and school activities
  • The importance of balance between school and extracurricular activities
  • The classes and activities that will promote their interests and their college aspirations
  • The value of a good reputation, strong character, and leadership
  • Talk about establishing a strong work ethic and how it will benefit them as they pursue a career

It’s also a good idea to meet with their high school counselor early in the year to discuss the 4 year course plan and establish a presence as a concerned parent. You will be amazed at how many parents become less involved with their student’s education when they enter high school. Teachers and administrators will appreciate your involvement and your teen will know that you are still involved in their lives.

IMPORTANT NOTE: Do NOT become one of those parents who push and shove and control their teen. It’s a fine line between involvement and control. Be a guide, and an encourager, not a boss or a dictator.

college planning, parenting, scholarships

Will your teen be ready for college?

If you are the parent of an 8th grader, or younger, that is probably the last thing on your mind. High school looms ahead and so do the “terrible teens” and you’re just hoping to survive unscathed.

For one parent of an 8th grader, however, that question is much more prominent in the front of his mind. Michael Sparks’ daughter, Aubrey, will be skipping high school and headed off to college in the fall. She’s been bored in middle school and taken the SAT and managed to score high enough for college admission.

When I read the news story I wondered how could a 14 year old be ready for college life? My 18 year old was barely ready. As parents we try and prepare our kids for all the foreseeable scenarios that might happen once they are on their own and free from parental control and guidance. But there are always those moments when they are faced with choices and have to draw on the lessons they have learned and the values they’ve been taught.

Will your teen be ready for college? It doesn’t happen over night. It takes more than planning and preparation for the admissions process. Begin early training them on how to respond to peer pressure, making the right choices, establishing good study habits, and handling the financial aspect of being independent.

If your teen is headed for college in the fall, take a look at this post on Radical Parenting. It gives you some topics to discuss with them before they leave the nest and head off to that muchly anticipated college experience.

college guidance, college planning

Do all college students follow the 4-year plan?

 

college students

A recent article in the Boston Globe brought this subject to mind.The author of the article brought to light that the path to college is not always completed in 4 years. Many students end up dropping out, transferring, postponing and even re-evaluating their career paths. The statistics are a bit staggering, but I’d have to say not that surprising. He pointed out that the 4-year college plan is NOT the norm.

There are times when college is NOT the right path for your child after graduation. I’ve had personal experience with this and have watched many kids crash and burn because they weren’t ready. Preparing your teen for college is important, but it’s also important to know when they are ready and to be prepared for the unexpected. That’s the hard part of parenting: recognizing the signs and helping them to make the right decision when the signs are there.

Here are two cases in point: both from personal experience.

Case 1

My brother entered college after graduating from high school because it was the thing to do. He thought he wanted to study geology. But once he entered he struggled. He didn’t possess the best study habits nor did he have the academic focus or the drive at the time to be successful. After a few semesters, he dropped out and went to work full time. During the next few years, he found his passion. He reentered college, graduated, attended seminary, graduated, and pursued his doctorate in theology. It wasn’t that college wasn’t for him. It was just that he wasn’t ready until he found his passion. Once he did, it was clear that he had the academic drive and commitment to graduate.

Case 2

My son graduated from high school and entered the military. It was clear that college was NOT for him and that the military was where he needed to be. After serving for 4 years, he went straight to college. He was not ready. He crashed and burned after just one semester and went to work at a full time job. After another year, he enrolled in a community college, retaking all the courses he had previously failed. He managed to receive a 4.0 and entered a 4 year university, graduating magna cum laude with a degree in Asian History. Once he was ready, his academic path was stellar.

You, better than anyone, know your teen. My daughter was ready and excelled, graduating in 4 years and attending graduate school and graduating in 18 months. While she and my son took different paths, they both graduated. It’s important not to discourage your child if their academic path has detours and they don’t follow the 4-year plan. Because according to statistics, it’s not the norm.