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 person seeks the highest quality…
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 fall and winter. Plus, many…
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 been assessed. Yet, borrowers who…
Enrolling in college is a process, executed over a series of conversations, which increase in frequency starting during the Spring of Junior year and typically extends through the first semester of college, as teens and their families are seeking agreement about which college is most valuable. The more a family accepts that college admissions isn’t a series of tasks, executed…
College admissions officers award merit scholarships to demonstrate their “value” of a student’s high school experience like signing bonuses for highly sought after employees. A merit scholarship acts as a “discount” on tuition, reducing the overall Cost of Attendance (COA) of any college education, as merit awards are typically renewable for four years. Also, merit aid is awarded without regard…
“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 partnership, both parties must first…
Over the next three years, the Federal Department of Education will phase in changes to the FAFSA, the Free Application for Federal Aid, which may increase out of pocket college costs for families, yet reduce the complexity of applying for need-based financial aid. The following are highlights of the changes, as well as recommendations for families to consider: NUMBER OF…
Recently, I spoke with families at the Sacramento Buddhist Church about the current state of education, particularly changes to the college admissions process as a result of the near holistic COVID-induced disruption. I’ve highlighted several issues in the following post, as well as included the full recording. Questions about widespread test-optional admissions dominated our conversation, as a multi-generational precedent in…
The 1200% increase in college tuition over the last four decades, outpacing inflation by nearly 1000%, is Reason Number One parents often anxiously ask me about how their kid can apply for scholarships. As the conversation unfolds, many often also reveal having saved some for their children’s college expenses, though the amount is woefully inadequate, and are now looking for…
The 2021-22 Free Application for Federal Student Aid, commonly known as the FAFSA, which U.S. universities use to determine what, if any, financial assistance for families, opened on October 1, 2020. Parents and students can submit the form online, only requiring some time and patience to complete, what can, on first glance, be reminiscent of a complex tax form. Furthermore,…
