Starting college is exciting. It’s a chance to learn, meet new people, and prepare for your future. But along with the excitement comes a long list of costs. College can feel expensive fast. Luckily, by understanding the key expenses and planning ahead, you can handle them without too much stress. Here’s a breakdown of what to expect and how to manage the college costs.
Continue reading The True Cost of CollegeTag Archives: college costs
How Presidential Candidates Address Rising College Costs
As the 2024 presidential race heats up, one key issue weighing heavily on the minds of many Americans is the rising cost of higher education. With tuition rates and student loan debt continuing to skyrocket, families and students are eager to know where the candidates stand on making college more affordable. From proposals to cancel student debt to ideas for tuition-free college, each of the presidential candidates offers a unique vision for the future of higher education.
These policies will not only affect you, but your student who will most likely be voting in their first presidential election since turning 18.
Continue reading How Presidential Candidates Address Rising College CostsAre You Worried About Paying for College?
As a parent, I would say paying for college was on my top 10 lists of worries as my children entered high school. We were caring for my elderly father and great aunt, along with battling with breast cancer. It was all we could do to stay afloat with medical and elder care expenses breathing down our necks every month.
My son was looking at a military career, but I knew he wanted to go to college. He also knew that we could not afford to contribute. My daughter was two years behind him, and I knew she had her heart set on Boston University, an expensive private college in the northeast. I worried day and night that her dreams would not materialize, and my son would have few options other than joining the military out of high school.
My children were not first generation students. However, I did not attend college, and my spouse attended a local college that basically accepted anyone who applied. I was lost. My circle of friends were not college graduates and were not encouraging their kids to apply to college. My parents did not encourage me to attend college, so I was clueless about the process. I had no idea where to turn for help and the school counselor was responsible for hundreds of students at a large public high school. She had little time to advise students about colleges and even less time to help with figuring out how to pay.
Dealing with all the family drama and concerned about finances, my son made the decision during his junior year to join the Marines. I was supportive but worried the decision was forced on him because he felt he had no other option. The day he signed a letter of intent, I decided to focus the next few years on my daughter’s dream—attending college.
I knew I had to research colleges, look at finances, and make sure she had a stellar academic and extracurricular record to back up her applications. When she entered her senior year, we had a plan. Here’s what we did:
Continue reading Are You Worried About Paying for College?Top 10 Questions Parents Ask About Paying for College
Navigating the financial aspects of sending a child to college can be daunting for many parents. From scholarships and loans to budgeting and saving, there are numerous considerations. Here, we address the top 10 questions parents commonly ask about paying for college, along with comprehensive answers.
Continue reading Top 10 Questions Parents Ask About Paying for CollegeNavigating Net Price Calculators
Before your student applies to any college, it’s important to understand the cost of attendance as it applies to your family’s financial situation. Many disappointments can be avoided if this is the first step before applying to any college. We made that mistake with my daughter and although she got into her first-choice college, we simply could not afford it. If we had been realistic about the cost, we would have discouraged her from applying and steered her toward more affordable options.
With the rising costs of higher education, understanding the true financial implications of attending college has become increasingly crucial for students and their families. Net price calculators, often available on college websites, offer valuable insights into the actual cost of attending a particular institution after factoring in financial aid and scholarships. Here’s a comprehensive guide on how to utilize these calculators effectively:
Continue reading Navigating Net Price CalculatorsUVM to Offer Scholarships and Cash Prizes in New Pitch Challenge for High School Students
UVM is excited to announce the Vermont Pitch Challenge, a new entrepreneurial-focused competition that gives high school students in grades 10-12 from across the world a chance to pitch innovative and impactful business plans–all while competing for cash prizes and full-tuition scholarships to UVM. The new program is free to enter and offers young students a unique opportunity to learn from UVM faculty and alumni as well as top entrepreneurial experts about how to write a business plan, create a compelling pitch, and achieve their ultimate career goals.
The Vermont Pitch Challenge gives high school entrepreneurs from across the globe the chance to pitch innovative businesses that make a difference in their communities. Along the way, participants will learn from top experts during monthly webinars about how to write a business plan, create a compelling pitch, and achieve their goals–all while competing for cash prizes and scholarships to the University of Vermont. Learn More.
Continue reading UVM to Offer Scholarships and Cash Prizes in New Pitch Challenge for High School StudentsNavigating the Path to Merit Aid
As the cost of higher education continues to rise, pursuing financial aid has become a crucial aspect of the college application process for many students and their families. Merit aid, awarded based on a student’s achievements and abilities rather than financial need, can significantly alleviate the financial burden associated with attending college.
Both my children received merit-based aid because of their academic performance. The best path to this type of aid is to focus on academics. Start when your child enters high school by stressing the importance of a strong academic performance.
Continue reading Navigating the Path to Merit AidHow Much Should Parents Contribute Toward the Cost of College?
There isn’t any definitive answer to how much parents should contribute toward the cost of college. Some feel it’s the parent’s responsibility to pay for the entire cost. Others feel that the student should participate financially. And still, others believe the student is responsible for securing the loans, grants, and scholarships themselves and the parents should not invest. Of course, there are always those situations when the parents, no matter how much they would like to help, are unable financially to contribute.
No matter which group you fall into, there are some important facts you should know about financing your student’s college education.
Continue reading How Much Should Parents Contribute Toward the Cost of College?Back to School: Preparing for Upcoming College Expenses
For the next several days, I’m going to be sharing some Back to School tips for parents. These tips will be for current high school parents and those parents whose students are heading off to college.
Today’s tips are for parents of current college students, especially those who are heading to college for the first time.
Continue reading Back to School: Preparing for Upcoming College ExpensesWhat Are the Odds of Winning a Scholarship?
Over 1.7 million scholarships are awarded annually; however, only 7% of college students will receive a scholarship. On average, first-time undergraduates who receive government grants and scholarships at a 4-year college receive about $14,890 annually. On average, a student who receives a scholarship or grant at a private 4-year college will receive $8,005 more than a student in a public 4-year college.
That sounds depressing and you might ask what are my odds of winning a scholarship, but all hope is not lost. Many students and their families have applied for scholarships and used them to pay for college. But, you need to know the facts.
Continue reading What Are the Odds of Winning a Scholarship?