Families who are a few years out from college should calculate their EFC, but as college approaches and students start identifying schools they’re interested in, net price calculators become far more valuable. There can be vast differences between EFC and net price, and even significant school-to-school differences in net price due to different aid policies.
Sallie Mae’s annual How America Saves for College report shows that almost 2/3 of parents are saving for college, and 1/3 saved more this year than last year. That’s great news. The report also had some other interesting findings:
Another school year is drawing to a close, meaning that free time and mental bandwidth are about to become available for many students. Here are some things high school students may want to spend some time on this summer:
Did you know you can get a scholarship just for being enthusiastic about the number 5? Or for being tall? Or well-rounded? Or wearing a dress made from Duck Tape to prom? While the vast majority of scholarship dollars on any college campus come from the school’s own funds and donors, there are plenty of other scholarships out there for…
A recent New York Times article brought attention to a GAO report about schools manipulating their cohort default rate data to avoid federal sanctions that can result from schools having too high a percentage of students default on their loans. Because cohort default rates are a metric I’ve encouraged prospective students to look at, I wanted to provide some additional…