“Doing your homework” when it comes to choosing colleges is essential. A former client and current college freshman’s mom, recently shared her experience how to do that “homework” and how pleased she is with the family’s final choice for her son–UC Santa Cruz. Her son is growing, even in an unexpected triple roommate situation, and…
Tag: College freshmen
What’s the Least Amount I Will Have to Pay for College?
Free. How do we find a free college education or at least greatly reduced from the published price? Makes sense families are concerned about the costs of college and their ability to pay for those continuing-to-rise costs. Scholarships seem like the likeliest possibility for reducing the out-of-pocket costs. They are free money…(i.e. you don’t have…
Interest: Another Cost of Borrowing Student Loans
The information above is from the Federal Student Aid website. What it means is described below: Interest accrues daily on any student loan. The interest is added to the principal on a quarterly basis, then the next quarter’s interest is calculated based on the new total principal. Students can make payments on the interest and…
Guest Post: Budgeting for the College Years
By: Lisa Dalton, California parent of a senior at the University of Oregon, and sophomore at Washington State University _________________________ With two kids in college, both at out of state universities, friends and neighbors ask all the time, “How do you do it?” The answer is planning, financial education, and sometimes hard choices.
College: Path to Adulthood?
“We treat our kids like adults when they’re children, and we infantilize them when they’re 18 years old.” –Jean Twenge (The Atlantic, July/August 2011) We routinely hear parents share concerns as their grown children are preparing to leave for college that laundry and food and budgeting–basics of managing life–won’t be done, nor learned. (Rarely, do…
Student Debt = Future Income Spent Today
Know the terms (i.e. repayment, interest rates) and possible consequences of taking student loans for college–essentially bringing future income into the present. (FYI: colleges are not obligated to disclose the terms of the loan BEFORE accepting them as part of a student aid package. Students MUST ASK. Also, students are not forced to accept student…
Changes to Subsidized Direct Student Loans for Fall 2012
For Fall 2012 and future Fall 2013 Subsidized Direct Loan Borrowers: The Federal Government will no longer withhold interest during the six-month grace period before loans go into repayment. According to Federal Student Aid, “the interest will be capitalized (added to the principal amount of your loan) when the grace period ends.” Borrowers do not need…
Guilt? I Didn’t See that On My College Bill
Without understanding the value of a college degree, students can sense, what they often term, “guilt.” They may not confidently understand why their families, and increasingly themselves (in the form of student loans), are paying the thousands of dollars (and rising each year) that a college degree costs. Listen to the following podcast, featuring Julie…
Guest Post: Study Abroad from a Parent’s Perspective
By: Lisa Dalton, parent of a senior at the University of Oregon, and sophomore at Washington State University CMC Note: There are alternatives to “studying” abroad, including service projects that many universities arrange, as well. _______________________ If you are in the midst of college tours with your high school senior, or you have a student…
Plagiarizing Doesn’t Happen Only in School
Original thought that contributes to common knowledge and greater understanding is demanded of students across the country. New software that scans students’ work and rates the percentage of the document that is potentially plagiarized are being used in high school and college classrooms. One high school junior told us that her teacher returned her history…
How Are Middle & Upper Income Families Affording College?
For families with $94,000 to $205,000 in yearly income, the percentage of debt is increasing. The Wall Street Journal reports, 25.6% of these middle-upper income families incurred student-loan debt in 2010, up from 19.5% in 2007. With the costs of college increasing and use of debt is increasing, will families begin making college decisions with…
Fail to Succeed?
Steve Jobs on Failure: I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter into one…
To Cheat: Not A Simple Decision
To Cheat: to deprive of something valuable by the use; to practice fraud or trickery of deceit or fraud (Merriam-Webster.com) If deprive means to withhold, what is missed in the end by both the withholder and others? What possibilities could have been realized or ideas built? In a student’s mind, what is the value that comes…
“A Spoonful of Hope Makes Move In Day Go Down…”
“The last step in parental love involves the release of the beloved.” -Lewis Mumford Easy words to read; difficult words to carry out in practice. Parents all over the country are preparing for their offspring moves to colleges and residence halls. Roommate assignments are arriving. Shopping trips for new bedspreads, stacking crates, power strips, and…
Generation Y: Change Agent or Loafing Youth?
“More American Idle than American Idol” is how The Economist (January 3-9, 2009) described the current generation of young adults born in the 1980’s and 1990’s, known as Generation Y. Is this a fair assessment?