Must Read Book on Paying for College: The Financial Aid Handbook

dog reading a book representing reading The Financial Aid Handbook

Cover for the Financial Aid HandbookWith the availability of more free information on the internet than we know what to do with, the suggestion of reading a book to understand a topic may seem, well, old-fashion.  But it’s precisely because of the information overload spawned by the internet that books can be a great investment. A good book will present you with the information you need to know in a meaningful way without any distractions. That has value. And for those looking for such value, I want to recommend The Financial Aid Handbook by Carol Stack and Ruth Vedvik.

If you only read one book to understand the intersection of finding and paying for a college, this is it. Carol Stack and Ruth Vedvik have taken their experience as college admission directors and created an essential guide that will take families through a cost based college search. And best of all, it’s written for students.

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50-50 Highlights: Colleges Awarding the Most Institutional Financial Aid

College graduate with money representing institutional aid

College graduate holding money representing institutional aidAnyone who has been paying attention to college costs and financial aid has probably heard that there really isn’t one set sticker price for college. It’s a lot like airline tickets. People sitting next to each other on a flight probably paid very different amounts for their tickets depending on when they bought them. Like airline tickets, very few families actually pay the sticker price for college.

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50-50 Highlights: Colleges with the Most Geographic Diversity

student with suitcase representing colleges with most geographic diversityWhen looking for a college, it’s a good idea to keep geography in mind. Apparently most families do but not in ways that will improve financial aid or enhance the student’s college education. According to The American Freshman: National Norms Fall 2016, 53% of freshman attend college within 100 miles of home. Only 17.3% enroll at a college more than 500 miles from home.

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Paying for College in Europe

student looking at London bridge representing paying for college in EuropeThe following is a guest post by Kevin Newton who specializes in helping students apply to college in Europe. 

For many people, the practicality of paying for a degree in Europe is a seemingly insurmountable hurdle. After all, since it is in Europe, surely it has to be more expensive, right? It is pretty well-known that American universities charge international students considerable sums of money to study stateside, so most expect the same for American students in Europe.

The truth is actually quite different. In many cases, studying in Europe is a much cheaper option that studying in the United States.

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36 Best Bets for Test Optional Merit Aid

dollar signs on chalk board representing best options for test optional colleges merit aidThink because you’re a miserable test taker, you don’t have a chance at merit aid? Maybe not. If you’re willing to step away from the limelight of prestige and top 50 college rankings, you can find some excellent opportunities among the growing number of test optional colleges. With just a little digging into the data, I came up with 36 possible test optional colleges for merit aid.

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What Smart Parents Need to Know about Financial Aid

jar of money representing why it's important to understand financial aid

jar of money representing why you need to understand financial aidMost parents know that they will need financial aid to send their kids to college. But they don’t always understand financial aid actually comes from a variety of sources and can vary depending on the college. Do you know the answers to the following financial aid questions?

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How to Pay Less for College: Understand Supply and Demand

Chalk board with money signs to show how to pay less for collegeIf you’re trying to figure out how to pay for college, if you’re looking for the best merit scholarship opportunities, you need to understand the basics of supply and demand in higher education. Why? Because we charge students to attend college. Granted, the way we pay for higher education is a complicated mixture of public finance and individual contributions but it’s still part of the market place. There’s a reason why colleges bury high school students in an avalanche of slick brochures and social media invitations–colleges are competing for students willing to pay to attend their version of the “collegiate experience.”

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50-50 Highlights: Colleges with Decreases in Average Net Price

steps of money with down arrow representing colleges with decreases in average net price

Steps of money representing Decreases in Average Net PriceAnyone who spends time on this blog should realize that very few people pay the actual published price for college. This makes it difficult to judge the significance of the rising prices of college tuition. A lot of schools, especially public institutions, justify increasing tuition by pointing out that a certain percentage of the increase will go to financial aid.

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50-50 Highlights: Accessible, Quality Colleges for Merit Aid Opportunities

Woman with money looking for college merit aid

Woman with money looking at computer for college merit aidAs I work with college data, I learn about different variables and add them to my data sets. I also occasionally create a variable to more accurately capture a concept or value that I think is important when trying to figure out how much college will cost. This is why you’ll see multiple posts on some variation of a list of colleges with the best financial aid. And because of the variation,  you’ll always find some colleges on one list and not another.  Well, I’m adding another list of colleges to consider for merit aid.

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