Income-based repayment, or IBR, can be a great option for recent college graduates who need some breathing room while getting started in a career. However, there are some real risks to it, especially for those who owe significant loan balances or are in career paths where the salary trajectory is fairly level. In these instances, the payments may never make…
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Of his two college choices, my son is leaning heavily towards the more expensive one. (Good news: it’s not as much more expensive as we had originally thought, but still around $4,000-$5,000 more for freshman year, including transportation– not exactly chump change.) We tasked him with finding some ways to bring his costs down and we’ve been pleasantly surprised with…
David Leonhardt at the New York Times points out that the enrollment scandal all over the news this week would not happen but for the outsize role that athletics plays in college admissions. To summarize: admissions decisions give preferential treatment to excellence in a variety of areas beyond academics– music, art, social service, research activity, athletics. They also boost admissions…
Many people asked, after my last post, how EFC gets calculated or divided with multiple children in college. It’s not a strict 50/50 division; some adjustments get made first.
A friend whose son is my twins’ age was surprised recently when I told her some of the colleges my daughter was applying to. She thought they seemed unlikely choices given my constant messaging of finding affordable schools. Her son was interested in some of the same ones and the net prices they found were quite high. The answer: we…