Tag Archives: teenager

college planning, parenting

Hitting the "summer job" pavement

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Summer is approaching and your college-bound teen might be looking for a job to supplement that college fund and gain experience in the workplace.  Here’s a Q & A by Liz Cruger for The Real College Guide providing some tips on how to snag a job.

QUESTION

I really want to get a summer job. Do I need to be thinking about that so soon?

ANSWER

If you’re looking to be employed this summer, start the job search in early March. Everyone is tired of hearing it, but a lot of employers aren’t hiring new workers in this economy, so finding jobs is tough … and competition is fierce. Here are some tips for upping your odds.

To land a summer gig:

* Start at your school’s career center. Staffers there are trained in job search and making resumes look great, so take advantage of the opportunity.

* Check out job Web sites like Monster.com, which can help you in your search. Post your resume early and see what comes up.

* Touch base with former supervisors — especially if you want to go back to somewhere you’ve worked in the past. Send an email to let him or her know that you’re willing and eager to return to your former post, and be sure to include your updated resume (highlighting recent accomplishments) and dates of availability.

* Ask friends and relatives about open positions. Often, getting a job is about who you know. A recommendation from the right person could put you over the top.

* Capitalize on a talent or skill. Make jewelry to sell at craft fairs, or start a lawn care business. I’ve heard that the best jobs are the ones people create for themselves!


admissions, college costs, college planning, extracurricular activities, parenting, scholarships

Is the Ivy League price really worth it?

When my son was a young boy, he talked often about going to Harvard. Where he got that notion in his head, I will never know. It was so ingrained, that he wanted a Harvard sweatshirt. Funny thing…my daughter still has that sweatshirt today and has grown quite fond of it.

Did my son attend Harvard? No. He opted to join the Marines and attend college later on the GI Bill. Perhaps a wiser and more logical choice in the grand scheme of things. But…I’ve often wondered whether or not the cost of those Ivy League colleges is worth the education you receive.

A recent article from Unigo/WSJ on Campus explored that question in depth. It explored the current economic climate, the state of colleges and universities, and the overall thought process in making those college decisions. The article begins by stating:

Old dreams of adult children earning degrees from elite, door-opening colleges or “legacy” schools attended by relatives are falling away in some families, in favor of a new pragmatism. Other parents and students are doing a tougher cost-benefit analysis of the true value of a pricey undergraduate degree. As parents wrestle privately with such emotional issues, many say they wish they’d begun years earlier to assess their values and priorities, long before their children’s college-decision deadline was upon them.

That’s ALWAYS been my philosophy: START EARLY. Do your research and learn about the college’s financial aid footprint.  Do a benefit-cost analysis and weigh ALL of your options before you make that final decision.

The overall tone of the article is that parents and college-bound teens are opting for the more logical college choices that keep them close to home and ensure they graduate without debt.

But, I would have to add an additional comment: find that “perfect fit” college. It’s not about the rank, or the prestige, or even completely about the cost. It’s about finding a place where your teen feels at home and is valued. And discounting Harvard, or any Ivy League college because of the pricetag might not be the BEST advice. An admissions consultant offers this advice:

Depending on the financial aid package offered, the out-of-pocket cost of attending a private college can often be lower than that of a public university. In a simplistic example, a $25,000 bill at a state college would be reduced to $20,000 with $5,000 of financial aid, but a private liberal arts college with a sticker price of $50,000 would cost $15,000 if the financial aid package totaled $35,000, making it cheaper than the state college. Of course, financial aid is more complicated than this, but private colleges with strong endowments often offer generous merit and need-based scholarships. In the end, award offers must be weighed against each other carefully, taking into account whether the award is made up of loans (which must be paid back) or grants/scholarships (which do not get paid back). The bottom line? Research the possibility of financial aid before eliminating a college from your list just because it sounds too expensive.