High school seniors beginning the application process are confronted with countless choices. One of the first is, do I apply early decision or early action rather than waiting for the regular admissions process? If financial aid is a key consideration in your school selection, then generally you are best served by waiting and going the regular admissions route.
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Here is a great article on how and why to talk to your student about paying for college. My favorite quote: “Many students view attending their dream school as the reward for working hard in high school. Instead, parents should portray financial independence in their mid-20s—a goal that’s more easily achieved by saving money in college—as the sweetest reward.”
I attended a college planning session this morning that was packed with great information. You know how sometimes the best information is stuff you probably already know? Here is what I think is probably the best piece of advice for families looking at colleges:
Application season is upon us, so before your senior gets too enamored of Very Expensive U, you need to get real about what you can afford. Here are some rules of thumb: Parents can afford to spend no more than 10% of their income on paying for college out of pocket. No, you cannot afford the 47% that the FAFSA…
This week, President Obama signed an executive order that will dramatically simplify the financial aid process for many families. Beginning next October, for the 2017-2018 school year, families will be able to file the FAFSA using two years’ prior (“prior-prior year”) data. That means that