Making College Affordable

 

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It’s a confusing process–figuring out how to pay for college. Not only is it stressful, but it’s overwhelming trying to understand all the ins and outs of everything to do with financing a college education. Two women, Jodi Okun and Celest Horton, are doing something about it. In two separate projects, each of them is doing their part in making college affordable while graduating without debt or minimal debt.

A Parent’s Guide to Making College More Affordable

making college affordable

Jodi Okun has partnered with Zinch to create A Parent’s Guide to Making College More Affordable for the busy parent who wants straightforward and simple, yet thorough answers on how to navigate the confusing process of paying for college. Jodi has been working in the college financial aid industry for over six years. She began working at Occidental and Pitzer College in their financial aid offices helping thousands of families as a financial aid consultant. Jodi is also the founder of College Financial Aid Advisors, where she works closely with families to successfully navigate the financial aid process.

A Parent’s Guide to Making College More Affordable consists of the following content:

– Over 30 video lessons covering:

          • The cost of college including creating financial aid timelines & using the net-price calculator
          • All about applications – FAFSA, CSS PROFILE, IDOC, NCP
          • What to do after you’ve applied including comparing packages and how to follow up
          • How to cover the gap through grants, loans, etc.

– 14 hours of live “office hours” with Jodi Okun where you can connect with her directly and privately to ask questions related to your unique family situation.

– Detailed, step-by-step walk-throughs on how to complete important applications: the CSS Profile (released in October) and the FAFSA (released in January) at no additional cost.

– college timeline, budget worksheets and a downloadable dictionary of key terms.

– Q&A postings after each lecture to ask Jodi specific questions.

– Lifetime access to all course content and a 30-day money back guarantee.

Every parent of a college-bound teen should review the specifics of this comprehensive course, especially if you are confused or need help with the financial aid process. Click the link below for a 30% discount (the entire course for $34!)

A Parent’s Guide to Making College More Affordable

How to Pay for College HQ

how to pay for college

Celest Horton is a mother of four kids: three of the four are teenagers now. She is a Chemical Engineer by trade and has spent most of her professional career in technical sales in the Oil Industry.  Yet, she wanted to help serve others too by solving a current fear that she has…paying for college for four kids. Having three of the four in college at the same time is her greatest financial concern.

She wants to help others understand how simple it can be with a little planning and preparation. To do this, Celest is producing and making available How to Pay for College HQ Podcasts.  It’s a weekly podcast that is comprised of interviews with industry experts to educate high school parents and students to help them plan and prepare early with the goal to earn a degree debt free.

The Podcast is available on iTunes and Stitcher Radio, and the best part…it’s FREE. You can subscribe and listen to the most recent podcasts as they become available. Here are the two links:

Mom-Approved Tips: Talking to your teens about financing college

 

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financing collegeIf you have a college-bound teen you’re well aware of the cost of college–it’s high. In a recent story in Business Week, one graduate confessed she had given up on her student loan debt of $186,000. She is not alone. With the nation struggling under a $1 trillion student debt crisis, stories like hers are nothing uncommon. For the first time ever, the national student loan default rate exceeds the credit card delinquency rate, and so long as student loans remain one of the few types of debt that can’t be discharged in bankruptcy, chances are the situation won’t improve any time soon. 

As their parent, it’s up to you to make sure they don’t fall prey to debt that they cannot repay after grduation. Before they ever accept an offer of admission, you need to talk to them about financing college. In my Parents Countdown to College Crash Course I call it “the money talk”.

Following are a few tips to help broach that uncomfortable topic with your college-bound teen:

The cold, hard facts

The first thing you need to discuss is finances: what you are willing to pay and what you expect them to contribute toward college expenses even if it’s just acquiring scholarships. Discuss the ramifications of student debt and talk openly about which colleges would fit into the family’s financial picture. Paint the picture clearly and explain to them this is a large investment and needs to be treated as such: you expect them to do their part and you expect them to study and to graduate.

The difference between wants and needs

This discussion is just as important as discussing the cost of the college education. When a student understands the difference between the two they can make financial decisions based of this criteria. Is it something they need or simply something they want? Don’t assume they know the difference. Most teens believe everything they want is a need. If they learn this lesson before going to college and living on their own, it will save them overdraft fees, past due notices and much heartache when they are controlled by their debt.

The college choice

Be realistic. If their dream college is out of reach financially think long and hard before you apply. This may be their first time to make a choice between what they want and what is best financially. It is a tough pill to swallow now, but they will thank you when they graduate with minimal or zero debt. The college they choose not only needs to be a perfect fit for them socially and academically; it also needs to be a perfect fit financially.

The budget

This is the perfect time to talk to your college-bound teen about creating and sticking to a budget. You may have tuition, room and board covered but there are always added expenses. Budgeting for those added expenses means there won’t be any surprises when the bills come due. Need a list of what those extras might be? Check out this article I wrote for Smart College Visit about the extras beyond tuition.

If you can’t sit them down for a time (we know how hard it is to even share a meal together), do it in segments. Just make sure you do it before they start applying to college. If you don’t, it’s going to be an uncomfortable discussion when they get accepted to their dream college and it’s not affordable for you and your student.

 

Scholarship Friday: A look at Zinch

 

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zinch

An interviewer asked me the other day which scholarship search engine would I recommend. Hands down–it’s Zinch. I chose them for these 5 reasons:

1. Their scholarship search engine is second to none

You can search for over $1 billion dollars in scholarship awards, set deadline reminders, and get scholarship advice from past winners. Their scholarship home page features a current scholarship and posts scholarships with approaching deadlines.

2. They connect students to colleges–2 for 1 (scholarship and college match)

Zinch is a free service that allows high school students to present themselves to college admission officers – as real people and more than just as SAT/ACT test score.

Importantly, college admission officers want this information. More than 750 colleges and universities work with Zinch to identify students who might be right for their schools.

3. The Double Your Money Program & $1000 Weekly Scholarship

They will match scholarship winners (up to $1000) if they apply to an eligible scholarship on their website and win. Who doesn’t need more money for college? They also offer a weekly $1000 scholarship based on the answer to a simple question (in 3 sentences or less).

4. They connect with students

Zinch simply summarizes this by saying: “The admissions process is very stressful. We know. So we let students connect with other students who are going through the same frustration, struggles and pains as they are. Hopefully that way the process can be a little bit easier.”

They engage and connect with students on their Facebook page as well. Every parent knows that nagging their students to apply for scholarships can be taxing. Zinch knows that and does a great job motivating them. They also connect with their high school blog for students: More Than a Test Score.

5. They connect with parents

Zinch offers parents the information they need to help students in their college process. On their parent page, they give parents free resources to download, a forum to discuss concerns with other parents, and some candid conversations with admissions officers and financial aid experts. Parents can also sign up for their email newsletter and read relevant articles on their high school blog, especially for parents.

Zinch is so much more than a scholarship search site. You can search for and apply to scholarships, connect with colleges, connect with other parents, and connect with other students.

3 Things high school seniors should do now

 

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For many high school seniors, the start of the new school year also marks the official start of the college application process.  While students should begin planning and research as early as 9th and 10th grade, there are many 12th graders who may just be diving in now.

With early application deadlines just around the corner (November 1st and 15th), Dr. Katherine Cohen, CEO and founder of IvyWise (www.IvyWise.com) and LinkedIn Higher Ed Expert, urges high school seniors who may be off to a bit of a late start to do these three things right away:

Narrow down your college list.

high school seniorsStudents should end up with a list of 12 to 15 good-fit schools, a balanced list of reach, target and likely schools, all of which are an academic, social and financial fit.  A great place to start your research is LinkedIn, which provides aspiring students and young professionals with the opportunity to make informed decisions on which universities, majors and skills will help them achieve personal and professional success in years ahead. LinkedIn University pages allows students to learn what’s happening on campus, ask questions of faculty, staff, students and alumni, check out notable alumni and explore the professional paths of graduates.

Create a college application checklist.

Senior year of high school can be overwhelming for many students.  It’s often the most rigorous year academically, and the college application process has gotten a lot more complex since mom and dad applied.  It’s important to create a college application checklist and calendar with key dates now so that you don’t miss any important deadlines.  Be sure to include due dates for early and regular applications at each school to which you’re applying, standardized test dates, deadlines to apply for scholarships and financial aid, as well as deadlines for school projects, mid-terms and final exams.

Approach teachers for letters of recommendation.

Most selective colleges and universities require one to three recommendation letters with a student’s application, usually from a guidance counselor and at least one teacher. If you haven’t done so already, identify two 11th grade teachers who know you well—not just the ones who gave you the easy “A”—and ask them to write a letter of recommendation immediately.  Teachers receive many requests and are not required to write these letters.  Often, teachers will limit the number of letters they write, so students need to ask early.  Be sure to provide a copy of your resume, examples of your completed assignments and information about the colleges to which you are applying, so they can personalize your letter. Also, don’t forget to write your own letter to thank your teachers for their time!

Wednesday’s Parent: Parenting Styles

 

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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!

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 pocsmom.com to parentingforcollege and vice versa.

____________________

What type of parent college coach are you? Each 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.

1-The “let me do it for you” parent

parenting

If you are this type of parent, you’ve most likely been doing everything for your child over the years: making their bed, cleaning their rooms, preparing their snacks, all in the name of parenthood. Don’t get me wrong, when your kids were young, they depended on you to take care of them. But part of being a parent is teaching them to do things for themselves. We taught them to tie their own shoes, ride a bike, go to school on their own, and hopefully budget their money by giving them an allowance. As they get older and the tasks become more difficult, like driving and preparing for college, we tend to want to take back the reins, fearing they might make mistakes that are life altering. But that’s the worst thing you can do. It’s your role to guide them, teach them, and train them. 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.

2-The “over-anxious” parent

It’s natural to worry and fret about something you do not understand, or have never experienced. Parenthood definitely has its over-anxious moments. Teenagers are by nature over-anxious. They worry about everything: will they be accepted; will they make the cheer squad; will they pass their finals; will they be asked to the dance. Their four years of high school present numerous opportunities for anxiety and the last thing they need is added anxiety over their preparation for college. 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.

3-The “pushy” parent

Are you a “type A” personality? Do you push everyone around you to succeed? Do you strive for the best in everything? If you answered yes to those questions, you might be a pushy parent. There is a fine line between being pushy and being a cheerleader. If you push too hard, you will overwhelm your teen. You can encourage them by helping them to achieve their potential. Harping about deadlines and asking them constantly if they have completed their scholarship applications will only produce rebellion. 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.

4-The “my dreams are your dreams” parent

Did you dream of going to Harvard or Yale? Did you always want to go away to college and live in a dorm? Do you wish you had joined a sorority or fraternity during college or played college sports? Did you always want to be a doctor or a lawyer? We all had dreams that might not have been realized. But the worst thing you can do as a parent is to try to achieve those dreams through your children. Your teen will never be happy pursuing YOUR dreams. Their satisfaction is achieved from their own accomplishments. Their happiness comes from pursuing their own passion. 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.

5-The “I’ll think about that tomorrow” parent

This is where I fit in. I’m the world’s worst procrastinator. (The first step to recovery is admitting you have a problem…isn’t that what they say?) This is the worst time in your teen’s life for you to model or encourage procrastination. The next four years can be daunting and even overwhelming, but if you approach them without planning and organization, you will never survive. The problem with this philosophy is that it won’t work with deadlines, and the college maze is all about the deadlines. If you miss them, there are no second chances or do-overs. Not only do you risk missing the deadlines, as this type of parent you add extra stress to an already stressful time. Preparation and organization are keys to overcoming procrastination. Thinking about it tomorrow will only lead to frustration, disappointment, and regret. Remember the famous maxim-Carpe Diem (Seize the Day)!

6-The “uninvolved” parent

Your teen still requires your input. They may protest greatly and say loudly, “I can do it myself.” But what they really mean is I want to try with your support and help. If you make the mistake of turning the whole process over to your teen, the odds are great that they will become overwhelmed and frustrated to the point of giving up. There are so many decisions to be made and things to keep track of over the next four years. If you have a tendency to be an uninvolved parent, your teen will most likely feel abandoned in a sea of forms, applications and deadlines. Your job is always to encourage, guide and lead your teen to stay on top of those all-important college-related tasks that require their participation. 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.

7-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 goal 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.

We all have different parenting styles, but think about incorporating the best of each and becoming a well-balanced parent. The college process will be less stressful and your college-bound teen will be less stressed.

Read Wendy’s (POCSMom) approach on different parenting styles.

How to become a leader among student peers

 

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leadershipStudents attending a university find many new activities to participate in and organizations to get involved with.  For some students, just participating and enjoying the camaraderie is enough, but for those who want to take the bull by the horns and act as leaders or managers, there is no better place to start than in college.  Getting experience as a leader not only looks good on a resume, but also helps you to understand what types of decisions to make in order to better at communicating and motivating others. 

Join

It may seem obvious, but the first step to becoming a leader is to join into a student organization.  Students going to college tend to be inundated with requests to join everything from fraternities to clubs to frisbee teams to debate.  Choose which one or ones you want to join based on several criteria.  Most important, of course, is how much you think you would enjoy the group, but also whether or not it has an active community with strong participation.  Ask recruiters about their current leaders, and if possible talk directly with team captains or club presidents. 

Organizational Hierarchies

Whether you join a chess club or whether you find yourself getting a spot on the football team, spend your first few weeks in an organization determining how the social structure works.  Every group has some sort of leader and many have a pecking order, even if it is a fairly loose one.  Once you have an idea of the hierarchy of a group, play to your strengths.  If you are passionate about a particular idea, whether it is having a school debate or taking a road trip, talk it up.  Do not try to be an expert, and do not try to take the spotlight.  Help empower others if they have ideas they would like to see come to fruition.  Get as many people involved as you can, while doing your best to minimize conflicts.

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5 Tips to help manage your studies

 

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studyingOne of the unnamed difficulties of college is the allocation of resources and time. All too often, students are blindsided by the sudden responsibility of managing and scheduling their classes, courses and homework dates without any overseeing parental body to guide their hand. The proper management of time can impact the success of academic and social lives, while the mismanagement of the many distractions and temptations will result in a convolution of unmet deadlines, incomplete assignments, and a schedule that always seems to be one step ahead of the output.

The Compromise

The college compromise means finding a way to have your personal time and your academic time with their own allotted schedules and time frames. A successful college experience doesn’t have to mean focusing on studies without enjoying the social niceties, or conversely, partying without bothering to practice and study for assignments and tests. As with much in life, moderation is a key. Managing academic chores in one hand with personal choices in the other is the kind of mature grace that the most successful students exhibit.

Of course, some of this comes from proper preparation. Making sure that you have all the materials you need to take notes, investing in a laptop ahead of time, installing note taking software, all of this can be worthwhile. The same goes for how you manage the logistics of living on or off-campus. For instance, Off Campus Living can provide a very worthwhile alternative to mature students looking for a more peaceful, mature approach to studying and university life, rather than jumping in with the ‘freshers experience’ and ‘party accommodation blocks’ we hear so much about.

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How baby boomers are affecting education choices

 

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baby boomersBaby boomers are people who were born in the late 1940s to 1960s and are defined so because the birth rate increased significantly during that time period. Currently, baby boomers are reaching retirement age and are facing the many ailments that elderly people face. Because of their current condition, the baby boomer generation has influenced the college degree and career choices of the current generation.

Baby boomers have influenced the current generation to receive medical degrees and go into medical professions. More elderly people are in need of healthcare or medical assistance than ever before because of the large baby boomer generation. The nursing and healthcare job market is very stable, as medical professionals are needed regardless of the state of the economy. The job security rate for these professions is currently high because of this, catching the eyes of many young college students.

Jobs in the healthcare industry generally pay very well, with nursing positions on the lower end of the spectrum and doctors at the higher end of the pay scale. This is part of the reason why these positions are so attractive to college students. Another reason is altruism.

The baby boomer generation was inspired by their hard-working, depression-era parents, who instilled realistic goals and a good work ethic, as well as stressed the need for financial and economic security, in their children. These values were then passed down onto their children, along with the encouragement to follow their dreams. Many college students today are a product of the “follow your dreams” generation, and many of their dreams include helping others. The medical industry is probably the best place where one could practice helping others. People from all economic backgrounds, ages, and needs come to hospitals, clinics, and doctor’s offices for medical help and advice, whether their need is dire or not. The notion and opportunity to help a variety of people attracts young people as well because of their interest in uniqueness and diversity.

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Is law school in your college-bound teen’s future?

 

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Law schoolAre you fascinated by law? Then you should consider law school. There is stiff competition for slots, especially at the most popular universities, but you should be able to get into a good school if you play your cards right. Build up your credentials by obtaining excellent grades as an undergraduate and a high score for the LSAT.

Pre-law Degree

Before you can study law, you must complete a 4-year degree in virtually any field of study. Most people try to take a course that is related to their projected specialization. For instance, those who wish to practice corporate law might want to finish a course on business management. Those who want to enter politics may study public administration. This isn’t necessary, though. Plenty of law school students started out as engineering or math majors. Others took up literature or philosophy. Each of these add different skill sets to the table and will help lawyers achieve success in the profession, however they may define it.

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Is medical school in your college-bound teen’s future?

 

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medicalFor those who have a passion for helping others recover from injuries and sickness, a career as a doctor can be one of the most fulfilling and rewarding, as well as lucrative, available.  This does not mean, however, that becoming a doctor is easy: as little as six years and as much as ten may be necessary before you can provide a single patient with care independently.  Here are some tips to get over the first hurdle: getting into medical school itself.

High School Preparation

Not many high school students may know what career they want to pursue, but for those who are interested in medicine, early preparation will help.  When in high school, spend time thinking about what universities you could get into that would best prepare you due to strong coursework and good reputations.  Ask advisers about universities that have strong medical school placement rates.  Look for scholarships to help pay your way through university, so that you spend less time worrying about paying tuition or working to support yourself.

Apply Yourself In Undergrad

A doctor needs to have many skills, but above all else they need to be very good at remembering information.  Medical school, after all, can be summarized as instructors teaching students the entire book of human anatomy and known diseases.  Thousands of different bits of knowledge need to be committed to memory, so students should begin to work on their study skills once they enter into college.  Show medical school applicant reviewers that your time in a four-year university was well spent by doing your best to succeed in courses.  Pursue a life science degree, such as biology or biochemistry, which will give you prerequisite knowledge for understanding what health and life really means, right down to the cellular level.  You do not need a 4.0, but few medical schools will take applicants that do not get better than a B average.

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Helping parents navigate the college maze