Archives by Month

November 2018

College Prep by Grade

I gave a financial aid talk to college and career center volunteers at our high school recently. One question stood out: “This is a lot of information to absorb at once. Can you break it down into some specific suggestions by grade?” Two ideas are important here: College planning is a process that should start well before senior year, and…

Estimating Post-Graduation Loan Burden

For many teenagers, it’s difficult to understand the true burden of student loans. For someone whose primary source of income has been mowing lawns, the average college graduate starting salary of over $51,000 often seems a little bit like winning the lottery. Unfortunately, it also leaves many feeling like student debt will be no problem. Variations on the theme of, if…

Pell Grants

Pell Grants are one of the largest federal gift aid programs, with over $28 billion going to students with high financial need in the 2017-2018 school year.  While that is certainly a lot of money, the program is in fact fairly limited.