The reported $3 Billion shortfall in tax revenues for California may mean: Increases to tuition and fees at community colleges, CSU and UC campuses–expanding the overall cost of a college degree in California Continued cuts to services, like counseling and librarians, for K-12 schools. Families may have to increase their volunteer hours to fund-raise for…
College Will Payoff in the Long Term, Right?
Graph Source: Wall Street Journal 4/27/2012
College Degree’s Changing Value
As an update to a recent post, several recent studies show a growing number of children who earned less education than their parents, reversing the trend since 1876. Does this current trend mean a decrease in the living standard of Americans overall, since currently people with bachelor’s degrees earn more over their lifetime, than those…
Lower Student Loan Interest Today = Future National Debt Costs?
In an earlier post, we mentioned the continued political debate about maintaining the current student loan interest rates at 3.4%, instead of the increase to 6.8%, if Congress doesn’t come to consensus before July 1, 2012. Mark Kantrowitz of FinAid and the Wall Street Journal debate whether the short term gain of low student interest…
House Votes to Keep Student Loan Interest Rates Low for 2012-13: A Good Move?
The Wall Street Journal reported that the House today passed a resolution to keep the current interest rate on student Stafford loans at 3.4% for the 2012-13 school year. The Senate is scheduled to vote on a similar bill on May 8th. Without Congressional consensus, student loan interest rates will increase to 6.8% for the…
Fall 2012 UC Admissions More Competitive for Freshmen
The University of California released their admissions numbers for Fall 2012 Freshmen last week. The uncertainty in the state budget and record number of applications or Fall 2012 Freshmen admissions created additional competition and subjectivity in the admissions process. UC Davis Chancellor, Linda Katehi, recently stated: UC Davis refused [Fall 2012] admissions to 1500 or…
Quality in Education isn’t an Entitlement
I recently read an archived article written by John Fischer in February 1965 for Harper’s Magazine titled, “Is there a teacher on the faculty?” Being a former classroom teacher, I am still fascinated by this idea of quality teaching. What is a quality teacher? Are the skills that make for a quality teacher inherent, or…
Passion + Effort = Success
There is no single action that vaults us into success–only a series of decisions, that may seem unrelated at the time, and continuous effort that define any achievement. In a recent presentation at UC San Diego, Conan O’Brien suggests from his experience: My advice is to find out what your passion is and go wherever…
More on Financial Aid & College Affordability
Here’s a few tips when choosing colleges for application and enrollment, and simultaneously determining how your family will afford the costs: Calculate all 4 or 5 years of costs when determining the affordability of college, not just the first year. College costs during a student’s senior year in college are likely to be at least…
Financial Aid: There is No Free Lunch
There is no-magic-bullet-one-time-conversation-painless-and-costless solution to paying for college. Increasing the amount of financial aid–either need based or merit based–are multiple year efforts that extend through a student’s entire college career. Basically, there is no free lunch. Moving equity from one’s home to a life insurance policy or rolling all savings into retirement accounts are strategies…
College: Nature vs. Nurture
A recent study by economists, Stacy Dale and Alan Krueger, showed that college graduates from Ivy League colleges and college graduates who were denied admissions to an Ivy League college have the same earning potential. Even applying to a school, even if you get rejected, says a lot about you. –Dale Krueger, NY Times, 2/21/2011…
GUEST POST: A Mom’s Perspective on College Admissions Consultants
By Anne Ross, Ross Family CEO and Co-Entrepreneur Anne and her family first consulted Creative Marbles Consultancy in her daughter’s junior year. She graciously agreed to submit a guest post to share her insights to the college admissions process from a parent’s view. I was asked to give a parent’s perspective and first thought, “Wow,…
College as a “Financial Decision, not a Rite of Passage”
A little forethought before taking student loans can help students and families understand all the effects of their decision. As Sue Shellenbarger reported in the Wall Street Journal, 4/17/2012, “[approaching college choices] as a financial decision, rather than a rite of passage” can help families make responsible decisions.
Considering Universities as Idea Makers to Select Colleges
Research and exploring ideas aren’t usually at the top priority of a student or their parents in choosing a college. “Getting a good job” or “moving away from home” are more common criteria for choosing colleges. However, universities are incubators for new knowledge. (Think: Google, which emerged from graduate work at Stanford ) Knowing the…
SAT Subject Tests: Too Early for Freshmen & Sophomores?
While high school Freshmen and Sophomores are not facing college applications in the next year, in my experience, a little forward thinking can give 9th & 10th graders as many options as possible for college.