In a recent survey published by the Brookings Institute, current college students with student debt were unaware of the exact loan amounts, as well as what they’d eventually repay. At $1.2 Trillion and growing daily, total student debt may be more complicated than we, as a society understand. Highlights of the findings are below: At a public four-year…
Tag: Scholarships
Why Winning Free Money Takes Effort
Scholarships are not mysterious. Winning them takes work – which is only a continuation of the efforts to be eligible to compete for scholarships in the first place.
Free Money For the Asking
Imagine someone wants to give away money to help pay for college, and publicly extends their offer to many people. The only step needed to get the money is to ask for it. Asking for the money happens as a written request – usually consisting of some forms requesting basic personal contact information and a…
Ahead of the Curve: December 13, 2013
From the News: How to Stop Worrying about College Rejection, Washington Post December 9, 2013 Could LinkedIn’s University Pages Make the Difference in the College Admissions Process?, CBS Los Angeles December 6, 2013 College Admissions Offers May Be Easier to Obtain, Los Angeles Times November 25, 2013 From Clients: End of the Semester: “studying” for…
Top 10 Remarks NOT To Make At Holiday Gatherings
Seniors and their entire immediate family are experiencing the college application process close up and personal. So in the spirit of holiday giving, if you don’t make ANY of the following top 10 remarks to a college applicant, they’ll appreciate the super-bonus holiday gift: 10. “So, where are you applying to college?” 9. “What are…
Choosing Colleges With The Price Tag In Mind
Price is increasingly becoming a factor in choosing colleges for application, and enrollment. 67% or two-thirds of families surveyed recently for a Sallie Mae study, eliminated potential colleges at some point in the application and research process based on price, with 40% not even researching colleges after learning the yearly costs. Our clients are following…
Ahead of the Curve: October 23, 2013
From the news: Overscheduled Children: How Big a Problem, New York Times October 11, 2013 #PSAT — Students Tweet Amusing Reactions to Standardized Test, Washington Post October 16, 2013 Higher Price Pays Way Into Some College Classes, San Francisco Chronicle October 16, 2013 Army Realigns Reserve Officer Training Program, U.S. Army October 2, 2013 From…
Ahead of the Curve: October 16, 2013
From the News & Blog World: “Back to School” PC Sales Collapse to Worst Since 2008 Zero Hedge, October 10, 2013 Tuition, Net Price & Aid: Higher Ed Data Stories, October 8, 2013 Yale’s New President Says Expansion is a Priority: San Francisco Chronicle, October 12, 2013 From Clients: Slow and Steady: as college application…
Paying for College vs. Saving for Retirement, Round 1
Worries about paying for rising college costs can be compounded by concerns over saving for retirement. As seen in the chart below, with average retirement savings of people aged 45-54, the general age range of parents with college-aged children, at $10,100, can explain parents’ concerns. The Baby Boomer group just ahead in age (55-64)…
Is College Financial Aid Really Aid?
The difference between the value of college, indicated by price and intrinsic worth, and what a family feels they can afford to pay creates the need for financial aid. But, college bound buyer beware: NOT ALL FINANCIAL AID AWARDED BY THE UNIVERSITY IS ACTUALLY AID.
Gaining Scholarships & Paying for College is a Process
The recent October Comstock’s Magazine–a business publication in our Sacramento region–featured Art’s & Jill’s advice to plan for rising college expenses and answer the all-important how to apply for scholarships question. Click here to read more. Financing a college education is a series of choices–sometimes over years. However, waiting until the first tuition bill arrives…
Who’s Responsible for College Bills?
Why do parents expect to pay the entire bill for college? Often, parents tell us that they want their kids to apply for scholarships and are frustrated, if that doesn’t happen. Yet, they’ll move forward with paying for college. Is it a parents’ responsibility to ensure the bills are paid for college, without at least…
Rising Seniors: Talk is Cheap
Why invest many dollars, actual or borrowed, into a college that will expect students to learn, yet holds itself to another standard when it comes to expanding horizons? Rising seniors and their parents who seek a valuable degree, consistently ask us questions about the value of a degree from X college or university over another.…
Why Teens Don’t Always Apply for Scholarships
Shifts in the views of parents with children aged 16 or younger about when adulthood financial independence should begin coincides with parents concerns about paying for college. In Creative Marbles experience, parents expect to shoulder the majority of college costs, at the same time expecting children to contribute toward their education. However, the shift in…
College costs more than 4 years of tuition
Student loan debt is future income brought forward. To an 18 year old college Freshman, with little experience in financial responsibility, this concept may be foreign. Financial literacy is only part of the resolution; students and parents need foresight and continued roll-up-their-sleeves effort to pick colleges that will give them the greatest value for their…