Cracking the Coded Language of Financial Aid
decoder disc, image by flickr user LEOL30, cc license Yesterday, we covered the difficult coversations parents and students have when they negotiate which school to choose. For many families, cost is a major consideration. In fact, according to this U.S. News survey of college freshman:For 48.7% of freshman, financial assistance was very important in their final college choice. For 45.9% of freshman, the cost of attending their choice was very important in their final college choice. To understand the difference in costs, families need to compare their financial aid awards. The problem is, however, that these award letters can be confusing.
Discounts or Scholarships? 50% off a College Education?
It may sound strange, but if your family received a “scholarship” to buy a car would it lead you to buy it? We encourage college parents to consider the implications for your own college admissions experience and be careful to understand the difference between a true scholarship from what would otherwise be viewed as a […]
Yet another call for college debit card transparency, this time from the Department of Education
image by flickr user lendingmemo (cc license) Over the past four months, debit cards on college campuses have faced heightened scrutiny. Much of this scrutiny has come from the Consumer Financial Protection Bureau (CFPB) and the Government Accountability Office (GAO). Today, the Department of Education's Office of Inspector General has published a report that is sure to garner attention, both on Capitol Hill and on college campuses nationwide.
Research indicates the loss of a parent affects chances of obtaining a college degree
image by flickr user lee morley, cc license For every two years of college, 1.7% of students can expect a parent to pass away. This statistic, from Balk, Walker and Baker's "Prevalence And Severity Of College Student Bereavement Examined In A Randomly Selected Sample," shows how common parent death is among college students. In numbers alone, 1.7% of students translates to roughly 360,000 college students in the U.S. over a two-year period. Compounding this astounding rate of loss and heartbreak is the fact that losing a parent can effect educational attainment.