The College Solutions Blog

March 11, 2010

In my last post on deciphering financial aid letters, I focused on college grants. Grants are the best kind of aid that you can snag in a financial aid letter because these awards don’t have to be repaid. College Grants: Decoding a Financial Aid Letter Part II My son has been receiving financial aid awards from colleges during the last...

March 9, 2010

This is my second post on deciphering college financial aid packages. Yesterday, I explained what sort of federal financial aid assistance you might find in your financial aid award. How To Decode a Financial Aid Letter Today, I’m going to cover the types of college grants that parents typically find in a financial aid letter. College Grants Many families believe...

March 8, 2010

It’s the college financial aid season. Some parents are still struggling to complete their financial aid application, while others are just beginning to receive their financial aid packages in the mail. Once you receive a financial aid award, the challenge is to decipher it. I’m going to help you master these financial aid letters by looking at the scholarships, grants...

March 4, 2010

I heard from some high school counselors yesterday, who were furious with me. I wrote a post for my other college blog at CBSMoneyWatch about a new study that suggests that plenty of school counselors would flunk out if they were graded like their students. In the Public Agenda survey, which was funded by the Bill and Melinda Gates Foundation,...

March 3, 2010

Will your family qualify for college financial aid? I bet you that most parents think they won’t qualify for financial aid although most will. Here’s a shocker: even families that make $150,000 or even $200,000 may qualify for close to $25,000 in financial aid at very expensive schools. In the college admission process, financial aid misconceptions can easily punish families....

February 26, 2010

It is hard to qualify as an independent college student when seeking federal financial aid. I wrote about this big hurdle recently in this post: Getting Financial Aid as an Independent Student Yesterday about four dozen students posted passionate comments on my blog after Chegg, the giant online source for textbook rentals, carried a post that I wrote earlier this...

February 23, 2010

I heard today from a dad named John, who got Rutgers to quadruple the academic scholarship that it is offering his daughter. After hearing from John, Rutgers scotched the original $10,000 scholarship and replaced it with a $40,000 college scholarship instead. How did he do it? It was simple. On February 17, John sent an email to Rutger’s undergraduate admissions...

February 17, 2010

Recently I wrote posts that cautioned parents and students not to take on too much college debt. Why am I being a nag? College loan debt can be toxic. My Exhibit A is a family practitioner in Columbus, OH, Michelle Bisutte, who finished medical school with $250,000 in debt in 2003. Today her college loan levels have swelled to $555,000....

February 16, 2010

There’s been tons of media attention over the years on the best places to save for college. The 529 savings plan has grabbed the most attention. I’ve used 529 plans for both of my kids through Vanguard, but today, I want to suggest another potential way to save for college:  a Roth IRA for your child. A Roth IRA won’t...

February 12, 2010

I wanted to follow up on yesterday’s post: How Much College Loan Debt Is Too Much? In that post I talked about what is an acceptable level of college loans that students should assume. That post prompted Stuart, a blog visitor, to ask me this question about PLUS loans: What about the parents? What is a reasonable amount of student...