College bound students are choosing a new home, as much as they are choosing a new school. Often, students we advise want to move to Southern California–one, because its further away from home (since we’re Northern California) than the San Francisco Bay Area, yet still in their home state, and two, for the beaches and temperate…
Tag: College selection
Finding A College Can Feel Like Searching for a Needle in the Haystack
But, in reality, the student is the needle. No, that’s not some obscure Master-Yoda-Jedi-training-mind-trick. What it means is that the more that college bound student, knows about himself/herself (i.e. interests, vision, goals–career and otherwise), then the narrower the field of possible colleges for both application and enrollment becomes. Plus, the six figure price tag of…
If You Need Your Appendix Removed, Go to Oklahoma
As seen in Zero Hedge: “What does an appendectomy cost?” College tuition isn’t the only cost that’s rising in the United States. Source: Goldman Sachs
College Admissions & Financial Aid 101: The Expanded Edition
After facilitating a lively Brown Bag Lunch discussion at Hewlett Packard in Roseville, CA called, “College Admissions & Financial Aid 101”, I wanted to l expand on a few answers, as well as offer additional tips for families: About the information college’s review in applications during admissions decision making: The four main areas of…
School + New Town = College
Picking colleges for application or enrollment isn’t just picking a new school. Most likely, teenagers are moving away from their hometowns. Knowing something about the place being moved to as well as the college may add insights to the searching. The Atlantic Cities reported on the “Brainiest Cities” based on an online survey measuring cognitive…
When is “Enough” Enough?
When is “enough”, enough? To answer this question, let’s define “enough”. In my experience, an outside (read: someone else’s) definition of “enough” may provide a starting point, but knowing when I’m “enough” is an inside job. Clients and friends time and again have reinforced the notion that “trusting my own experience” will be the true…
It’s Never Too Early (or Late) to Plan for College Costs
After talking with News10 Sacramento this morning about financial aid and paying for college, thought I’d share a few additional tips and expand on a few points we discussed: Understanding the Family’s Finances: The more parents can understand the family finances, the better planning can take place for the additional expense of college tuition. Some…
What Trends in Public University Tuition Means for College Bound Seniors
Public universities and colleges are partially funded by student tuition and partially by state and local government revenues (i.e. taxes collected), alongside subsidies by the Federal government and private donations. Public funding is then allocated per full time student, as shown in the map below. Alaska contributes the most per student at $14,837, while the…
Choosing Harvard: Thoughts About a “Prestigious” University
As Juniors and their families begin sizing up prospective colleges for application and weighing the value of a college’s reputation, I thought I’d share I came to be a Harvard graduate, along with thoughts about a recent New York Times article, Measuring College Prestige vs. Cost of Enrollment. Quotes from the New York Times article will…
The Student Debt Dilemma
While debt can be a useful tool to finance a college education, potential borrowers (and their families) would be prudent to think through their choices, as we discussed in a earlier 6-part series on fiscal planning. And, to add emphasis on the need to think ahead, Fidelity Investments recently found that, “[e]ven with the…
More 25 Year Olds Have Student Debt…And At Higher Average Amounts
As seen in the chart below, the red line indicates that the portion of 25-year olds with student debt has grown from 25% in 2003 to 43% in 2012–meaning an increasing portion of young adults are choosing to “bring forward” expected future earnings to pay for a college degree. Furthermore, the black line on the chart…
Will College Price Itself Out of Its Demand?
As the price of tuition continues rising, will students (and their families) choose to forgo a college education? The most recent college application cycle for Fall 2013 doesn’t seem to indicate that students are not choosing a college education. Applicant numbers are up around the country from a 10.7% increase for the University of California…
Greek Life: One Perspective on College Fraternities & Sororities
Clients often want to consider colleges where they’ll be opportunities to join Sororities and Fraternities, also known as Greek Life. In response to clients’ questions, I interviewed Drew, a former Creative Marbles Consultancy client, Fraternity member and soon-to-be-graduated college student with a degree in Biology. He talked with me about how joining a fraternity added to his…
What’s The Value of a University of California Education?
Roughly 30 percent of every dollar we take in from tuition we reinvest back in financial aid. So the nominal tuition is $12,000 but the real tuition is probably about $8500. It’s like the sticker price on an automobile: 62 percent of our students don’t pay the sticker price, [which is] income adjusted. But it’s…
812% = Rise of College Text Book Prices Since 1980
While families know they’ll pay for college textbooks, the actual expense may be seen as, “OMG, ONE more thing I have to pay for?!?” When families may already feel limited in savings and income to pay for rising college tuition, planning ahead can help reduce stress. Knowing the average annual textbook expense at potential colleges,…