With college tuition increases outpacing inflation by a substantial margin, it’s normal to ask whether a college degree is worth the cost. One metric for determining that is whether a degree results in lower unemployment. A recent New York Fed report shows that college graduates have consistently lower unemployment rates than those without a degree. Not only that, but during…
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The May Treasury auction has taken place, which means that federal student loan interest rates for the coming school year have been set. And there’s good news: for the first time in three years, interest rates went down– by about half a percent. Keep in mind that federal student loan interest rates are fixed, meaning borrowers won’t see their costs…
As conditioned as we are to thinking about college as a seller’s market where schools have all the leverage, the NACAC College Openings Update, published every May, serves as a reminder that for the majority of schools, students are in the driver’s seat.
It’s May 1. Do you know where your student will be this fall? Both of mine committed to their top choice several weeks ago so the excitement in our household the last couple of days was more around learning of friends’ decisions.
Students who are waitlisted at their top-choice school should understand how waitlists work, because they can a little bit like Lloyd in Dumb and Dumber: “So you’re telling me there’s a chance!” Here is a great article explaining how waitlists work. The key takeaway from a money perspective:Â Waitlists tend to be “need-aware” so waitlisted students who require financial aid to…