Federal student loan interest rates on subsidized* (see below) loans are set to rise from 3.4% to 6.8% on July 1, 2013. (Note: the interest rate for unsubsidized Federal student loans, in which interest begins accruing from the date of the loan, is currently 6.8%.)
Tag: Parent
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…
Purposeful Failure
“I have not failed. I have just found 10,000 ways that won’t work.” Thomas Edison I am the anti-Thomas Edison. I fear making mistakes. I fear mistakes will expose me to others’ (mis-)judgements, like being seen as stupid. I’ve evolved into a cautious reactor, preferring to watch others from the sidelines go first, make my…
Shhh…Let’s Talk About Underage Drinking At College
Everyone knows drinking in college happens. Yet, until there’s an injury or some assault or worse, underage college drinking can be rationalized as a youthful indiscretion and a rite of passage. And, for many, drinking and partying is nothing more serious than an occasional hangover. Of course, if and how much an individual participates in…
May 1st: Not Just May Day for Seniors
For graduating Seniors across the world, May 1 is the deadline decision day to enroll in a U.S. college for Fall 2013. Today is the culmination of the college admissions process, of which the year long college application process from Fall 2012 to now was the latest step for Seniors and their families. Although, the college…
By the Numbers: University of California Fall 2013 Admissions
Note: a negative number in the last column represents less overall applicants admitted as Freshmen to the UC campus. Most all of us can recall a story of the 4.0+GPA earning, 2000+SAT scoring, class president for 4 years, started and is running a charity in Ghana, India and Brazil, plus helps little old ladies across…
What Does College Tuition Really Buy?
Harper’s Magazine reported in November 2012: 81% of Americans who viewed college as a good financial investment in 2008 dropped to 57% in August 2012. Now, there’s much room for interpretation of “good”–however, is the change in the average value of a college degree indicating a shift away from college, and if so, what experience…
Are Families “Shopping Around” For the Best College Deal?
The growing gap between the rate of inflation and increasing tuition, since 1985, may cause families to more carefully consider the worth of a college education, and “shop around” for the “right” campus.
College (Un)Affordability: Real, Perceived or A Little of Both?
We’ve been hearing questions from increasing numbers of families about paying for college, as we also posted earlier. Many of the families asking questions are professionals, college educated, with two incomes and making the same dollar figure of salary as past years, but find these same dollars aren’t stretching as far as in the past.…
Denied?!? WHAT THE WHAT?!!!?
The email inbox for a college applicant at this time of March can be an emotional minefield. Each “ding” alerting the Senior to a newly received message can create a heart-pounding, nervous-butterflies-in-the-stomach-hand-quivering-as-you-click-the-mouse-on-the-bolded-new-message-from-such-and-such-college, frantically searching the opening text for, “Congratulations!” and instead seeing, “With a record number of applications, we regret we were unable to admit you…
The Many Definitions of Smart
Memorizing a large number facts may not mean smart. You gotta know how to use the facts, too. Photo Credit: Science is Awesome
Not Every College Awards Advanced Placement Credits
One benefit of Advanced Placement (AP) classes and exams has been the ability to earn college credits, while still in high school, for an exam score of 3-5 on a 5 point scale. However, before assuming EVERY college will provide the college credits and the college credits for the SUBJECT in which the test was…
The Pins & Needles Way of Living Successfully
A life lived without failure is not success, it’s mediocrity. – Liz Lenz After reading a Facebook post with this quote, I started thinking about my fears of failure and how much effort I’ve spent trying to avoid failure like the plague, in some cases, not trying some new endeavor to spare myself even perceived…
“Treat Me Like An Adult…Until I Need You.”
“I can’t get my daughter to pick up the phone and call a college admissions office,” is a common frustration and concern I hear from Senior parents. After a lifetime of watching from just behind mom and dad, teens on the cusp of leaving home are starting to experience the independence and self-reliance they crave.…
The Admissions Waiting Will Be Over Soon: University of California Response Dates
From January and Mid-March can be re-named, “The Waiting Season” for Seniors and their parents. While Early Admissions applicants may know admissions decisions by now (end of February), which can lead to rampant speculation amongst regular decision applicants, the admissions decision waiting will soon be over for University of California (UC) applicants. Then, comes a…