College admissions officers have a couple of important metrics on which they’re evaluated: selectivity and yield. Selectivity is a concept you’re probably already familiar with: What percent of applicants are admitted? In the admissions officer’s world, the lower, the better. There are two ways to admit a low percentage of applicants:
My nephew Nick graduated from college this year, and his brother Chris will graduate this December. Over the weekend while we were visiting them, I noticed that although they mentioned a number of friends with big student loan debt, neither of them had any– and in fact, Nick has money left from his college budget to help pay for grad…
This article highlights some of the pitfalls of co-signing your student’s loans. If you are considering co-signing, it’s a must-read.
Is your student planning to live off-campus this fall? If so, you can still use funds in your 529 plan to pay for room and board, but you may not be able to cover 100% of the cost from your plan. Be sure to ask your school’s financial aid office what the off-campus room and board allowance is because that’s…
Congratulations to the class of 2015! If any members of this class are considering private student loans to finance their college years, they must first read this, from the Consumer Financial Protection Bureau’s Student Loan Ombudsman.