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….
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Financial Aid
There’s been a great deal of chatter around the topic of free college recently. Because a lot of that chatter is along the lines of, “Why save for college? It’s going to be free!” I think it’s worth a quick review of the content of actual free college proposals. This week, Sen. Bernie Sanders and Rep. Pramila Jayapal introduced the…
Looking for more decision-making tools? Try College Scorecard, the Department of Education’s website designed to help students and families compare the cost and value of different colleges. College Scorecard provides institution-level and field-of-study-level data on everything from admissions rates to post-graduation salaries to status of student loan repayment. How might you use it? Suppose your student is debating between a…
I’d put this question on my top 10 list of frequently-asked questions. When are college costs actually due, and how do you pay them? Is that actually two questions? Your first college payment is the deposit which is paid when you accept admission on or before May 1. Usually this is a nominal (relative to college costs) amount, typically ranging…
May 1 is looming, so many families are facing some big decisions. I’m trying to centralize tools for the key parts of acceptance in a single post. Below are a set of links to the key financial issues involved. First, though, I want to talk about cash flow planning: how much can you spend out of pocket every year? Most…