I’ve mentioned before that not all 50-50 schools are affordable or generous with financial aid. Recently, I’ve started looking at Parent Loans for Undergraduate Students (PLUS) loans. As the name indicates, these loans are usually not taken out by the student but by parents on the student’s behalf. This means that they aren’t generally counted in the student debt statistics because it’s not the student’s debt but the parent’s. And the fact the parents can borrow up to the total cost of attendance each year can make them very dangerous loans.
Costs
Public Versus Private Colleges: Does it matter?
There are common stereotypes of public and private colleges. Public universities offer a much lower sticker price than private institutions while private colleges have the reputation of being small and personal but expensive. And while these perceptions contain some truth, you really shouldn’t let them limit your college search.
Should You Start and Then Transfer from a Community College to Save Money?
Should you start your undergraduate education at a community college to save money? As usual, there is rarely a simply yes or no answer. So many factors for college success vary from institution to institution and so much depends on the individual that any answer is going to have to be qualified.
Best 7 Facebook Pages on College Admissions
Believe it or not, spending time on Facebook can be a good thing for parents involved in the college search and admission process. In fact, Facebook can be an efficient way of collecting information from a variety of sources to help figure out what you need to know about finding and paying for college. And I’m not talking about simply following colleges that might eventually make the final college list.
Surprising Ways to Cut College Costs
ShareTweetFlipEmailPin11 SharesCheck out the latest episode of the College Prep Podcast. I had a great time as a guest on the College Prep Podcast with Megan and Gretchen discussing what parents need to know about scholarships. We also covered baseball scholarships, graduation rates, and college rankings. Be sure to look at some of their previous … Read more
50-50 Highlights: Colleges with the Highest Percentage of International Students
What does it mean if a college or university has a relatively high percentage of international students? Does it indicate better tuition deals for foreign students either in terms of financial aid or lower out-of-state tuition? Or does it mean that the school is better at recruiting international students for full pay students?
Financial Aid for Low Income Students-No Cause for Envy
When I went to college, back in the 80’s, my Pell Grant covered my tuition. My parents were usually able to help pay for books and my student loans and part-time jobs paid for room and board. Thanks to financial aid, I was able to graduate from an honors program at my state flagship university in four years.
How many people can do that today?
How to Find Full Ride Scholarships
ShareTweetFlipEmailPin379379 Shares See the Full Ride Scholarships spreadsheet created by Wendy Nelson of MyKidsCollegeChoice.com. Wendy has been working on this spreadsheet for years. It lists all US colleges that offer full-ride or full-tuition merit based scholarships. It contains 606 colleges in 49 states with over 1,200 scholarships. If you’re looking for full ride scholarships, this … Read more
11 Colleges Frugal with Financial Aid
Sometime ago, I listed 15 schools to avoid if you’re making a list of affordable colleges. After all, just as there are colleges that are known for their generosity, there are expensive colleges that you should avoid if you’re looking for significant help in cutting the cost of college. Since I’ve just recently updated the DIY College Rankings Spreadsheet, I’ve decided to revisit the list and see if the composition has changed much. And yes, there have been some changes.