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CollegeFinancialLady

Changes to the FAFSA

About 170 pages of 2020’s year-end omnibus federal spending bill were devoted to FAFSA Simplification. Sounds almost ironic, doesn’t it? The changes aren’t all that simple, but here’s a summary. Most important, the changes come into effect for the FAFSA that will be available in the fall of 2022, for the 2023-2024 school year. That means that students who are…

Public College Affordability

Much has been made of cost increases at private colleges, with many schools costing $75,000 or more annually. Recent research by the National College Attainment Network (NCAN) shows that public colleges have also become increasingly unaffordable. NCAN’s recent report, The Growing Gap, shows that public colleges and universities– once considered drivers of social mobility– are in fact becoming increasingly inaccessible…

In Search of the Magic Money Tree

I talk with a lot of parents about paying for college. One of the most common questions I hear is, “But where does the money come from?” Sadly, there is no magic money tree out there– and we all know what happened to the Giving Tree in the Shel Silverstein book. The best alternative to the magic money tree is…

College Financial Literacy

Lew De Luca is the immensely helpful Student Financial Literacy and Advising coordinator at the University of Southern Connecticut. In that role, he helps students and families understand college costs and develop workable plans to minimize debt. In my latest podcast episode, he walked me through some of the key pieces of college financial literacy. His wisdom is available here…

College Openings as of Late April

Every year, the National Association for College Admission Counseling releases a list of colleges that are still accepting applications for the fall semester. Usually this list is released on May 2, immediately after the May 1 acceptance day. This year, the list came out a little early and a new feature was added: schools that have extended their admissions deadline….