Stealth applicants are a buzzword in college admissions these days. What is a stealth applicant? It’s someone who applies to a school without ever having interacted with that school prior to the application. It’s become increasingly common as it’s become easier to get information about schools without interacting with them. But if you’re really
I’ve probably said this before, but there are families staring down tuition payments for the first time right around now. Most families use a combination of savings, cash flow and borrowing to pay for college. The first two are reasonably straightforward; they’re yours, after all. Borrowing is more complicated, and chances are that if you have a high school student,…
The federal Department of Education last week froze two Obama-era changes in student loan programs aimed to protect students against predatory for-profit schools. The first program allowed students to have their loan debt erased if the school acted fraudulently or otherwise cheated the student. The second program, known as the Gainful Employment Mandate, cut off federal loan funds for colleges…
Today’s post is written by a fellow fee-only advisor, Greg Phelps, CFP®, CLU®, AIF®, AAMS®, of Redrock Wealth Management. Saving for a child’s college education is perhaps one of the most noble things a parent will ever do. It’s also one of the toughest financial goals to tackle, because similar to healthcare costs, college expenses have risen across the board at…
The AAUW recently released a report titled, “Deeper in Debt: Women and Student Loans.” The report points to a side effect of women’s increased educational attainment in recent decades: College-educated women hold a disproportionate share of outstanding student loan debt. While the AAUW’s report focuses on women, it points out that most historically under-served college populations have seen their share…