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Choose a College Wisely 

Often families mistake college affordability as “lowest price”, yet few consider the potential opportunity costs of an (un)realized genius. Thus, as high school seniors, transfer students, and their families weigh the awesome choice of one college acceptance over another (often while grieving an admissions denial), exercising patience and careful consideration is most prudent.  While every…

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Seeking Scholarship Monies Can Be Trickier Than You Think

Many parents believe the greatest hurdle to applying for college scholarships is finding scholarships. Nope. Not by a longshot. For many seniors, the motivation to write one more autobiographical essay for a scholarship application is the largest impediment.  For one, many are depleted of energy after writing a dozen (or more) college essays over the…

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College Price Is, Contrary to Popular Opinion, Negotiable 

Warren Buffet famously stated, “Price is what you pay, value is what you get.” Thus, in valuing the education at one college in comparison to the education at another college (or even a third campus), contrary to popular belief, families have the advantage.  Families can negotiate college price, known in educational parlance as “Cost of…

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The Extra Bonus of the Student Loan Repayment Pause through May 1, 2022

Since March 2020 and extending through May 1, 2022, payments and interest on all Federal education loans, both student loans and Parent PLUS loans have been suspended as parts of various COVID-related economic relief policies. Borrowers have not been obligated to send payments, and for anyone already behind in their payments, no additional penalties have…

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Building healthy money habits

Guest Post: 3 Easy steps to building healthy money habits with your children!

Although intended for families with younger children, Jessica Weaver’s advice to help kids become financially literate applies to teenagers as well. Inherent to financial literacy is defining one’s values, which is an essential tool for teens and families reduce the risk of college malinvestment. The other day I was squeezing in some work while sitting…

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The Summer of the Long Goodbye

Soon-to-be first year college students all over the world are separating from their childhoods—saying, “Goodbye” to friends, leaving their childhood bedrooms, and now emerging as an adult, learning to partner with their parents. They’re establishing their first households outside their family homes, a complicated endeavor often involving new responsibilities.  In readying to move, students are…

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The search for merit aid begins with the proper valuation of a college degree

“Do you help with scholarships?” is often one of the first questions that parents ask me. Fearful of the ever-increasing cost of college tuition, they (mis)perceive a college education as a large purchase, rather than an investment.  To invest in a college education, both institution and family mutually consent to a partnership. Yet, in any…

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The Top 100 Colleges in the U.S. Ranked by Tuition

How to assess the value of a college education in order to avoid malinvestment

Comparing the published price of tuition along with the size of the student population can be one metric to value a university education. However, “shopping” colleges on price alone is shortsighted, thus families may overlook valuable educational opportunities.  Instead families should determine the value of any college education by discussing answers to reflective questions, starting…

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How do I choose a college when I can’t visit the campus?

Although its difficult in the age of COVID to visit campuses, in no way should that diminish one’s effort to gain as much information as possible to make an effective decision when choosing a college from those which you’ve been admitted to diminish the risk of malinvestment.  Admitted students should use every virtual resource available…

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Deferred Student Loan Payments and Interest May Diminish Tax Deduction

Starting in March 2020, first former President Trump, then President Biden have automatically suspended accrual of Federal student loan interest, as well as deferred student loan repayment for every borrower. According to Federal tax law, all borrowers can claim a deduction of the student loan interest paid during the previous tax year. Yet given the…

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