Paying For College

Juniors: Look Ahead to Paying for College

Today I’d like to address high school juniors and their parents. We’re nearing the end of another school year. After classes end for you this spring, you will become “rising” seniors. Hopefully, during this junior year, you had a chance to begin (or continue) your discussions with your parents about your college process. If you ...

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Aid Packages as Trojan Horses

The past month or so has been very exciting for college-bound high school seniors. Acceptances have flowed forth via email, the U.S. mail, FedEx, UPS, and perhaps other delivery means. The adrenaline rush from getting into a favored school or, especially, a “dream” school is a memory for a lifetime. In many cases, along with ...

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Can I Get Yale to Match Princeton’s Aid Package?

  Question:  I’m really extremely fortunate to find myself having been admitted to Harvard, Yale, and Princeton. However, all of these institutions are incredibly expensive. Princeton has given me a fairly substantial scholarship and an EFC around 20% of my family’s income. By contrast, Yale has made the (incorrect) determination that I will be able ...

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Should You Pay for Your Child’s College Education?

The question in the title of this post may seem rhetorical. “Of course parents should pay for their child(ren)’s college education!” you might think most people would answer. However, in today’s world, where a four year degree (assuming that the degree can be completed in just four years) can cost upward to $300,000, that may ...

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Is U.S. Citizen Abroad an International Student?

Question: Does my daughter count as an international student if she completes highschool outside US? She was born in US but both parents are not us citizens nor have  ever paid any taxes or worked in the states.Also is she eligible for financial aid and loans? Colleges have varying policies when, for their own “head ...

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I Need Help Deciphering and Comparing Financial Aid Offers

Question: I’m a high school senior headed to my dream college this fall. I’m very excited to start the next chapter of my life and so glad that I got into my #1 pick. All this being said, I am a little concerned about one thing. The college recently sent me a financial aid letter and it’s more than ...

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Top Student Receives Denials: Are Need-Blind Colleges REALLY Need-Blind?

Question: My daughter, 4.0GPA, 2360+ on SAT, 98+ percentile on subject tests, interned in some of the most prestigious organizations in the US, traveled around the world, speaks three languages, has excellent recommendations…the only down side, our CSS & FAFSA showed our income, etc. below poverty line in 2014 & 2015 (temporary downturn) She has ...

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Student Loans: Paying The Piper

Borrowing money from various sources is part of the college process for most college students today. I’ve discussed this topic before here in my blog, noting that the level of student loan debt, both individually and collectively in America, is staggering. I’ve cited a few college graduates who have amassed a six-figure debt. To me, ...

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My Parents Won’t Pay for College. Can I Take Out My Own Loans?

Question: Hi my question is even with an extremely high family income could I still take out student loans. My father and step-mother have a combined income of <500k a year however due to strained relationships they will not help pay for college. My mother also makes 100k but can’t help due to lots of ...

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Revamped SAT Worries Students

It’s nail-biting time for high school students. The redesigned SAT is about to deploy and that means dealing with change. Many students have gotten into a groove with the previous SAT format and their test prep methods have calmed and reassured them. Those days are gone. To say that this redesign has caused angst and ...

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