The College Solutions Blog

Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.

Money

Picking a Private College Loan: 8 Things You Need to Know

If you possess excellent credit and intend to pay down a college loan fairly aggressively, taking out a private college loan can make sense. People with sterling credit can get better interest rates going this route than with the federal Parent PLUS Loan. Here are eight things to know about private college loans: 1. Check out credit unions. Credit unions...

Why Private Student Loans Are Scary

On my college blog this week, I’ve been focusing on what you need to know about borrowing for college. If you missed them, my previous two posts shared advice on federal student and parent loans: What You Need to Know About Borrowing for College How Parents Can Borrow for College Today I’m exploring private college loans. Before turning to private...

How Parents Can Borrow for College

Are you a parent who needs to borrow for college? Most of the attention is focused on college loans that students take out, but there are parent loans as well. In case you missed it, I wrote about federal student loans in my last college blog post: What You Need to Know About Borrowing for College Today, I’m going to...

What You Need to Know About Borrowing for College

As recently as the early 1990s, most students did not take out college loans. Today about two out of every three students borrow to pay for college. One reason for the dramatic change is this fact: during the last-quarter century, tuition has risen four times faster than the consumer price index. The typical student borrower is now leaving school with...

When Two Children Head to College

Yesterday’s post, which explored the school options of a brilliant teenager from Wisconsin, generated many insightful comments from parents. Here is the post: Should a Kid Borrow $80,000 for a Brand-Name University? If you missed the post or the comments, I’d urge you to check both out. To summarize, the teenager managed to get admitted to some elite schools including...

Should a Kid Borrow $80,000 for a Brand Name University?

I am sharing an email that I received Tuesday from a Wisconsin mom, who is stressed about the admission decision that her teenage son must make by May 1. What follows is a cautionary tale for any families which have not been through the college admission process yet. Read on to discover how to avoid the kind of mistakes that...

Avoiding College Snake Oil Salesmen

For many years I was a financial journalist who wrote about such garden-variety investment topics as 401(k)’s, IRA’s, mutual funds, bonds and how investors can assemble a retirement portfolio that will last longer than they do. I enjoyed what I was doing until I stumbled across a financial topic that I knew nothing about when my daughter was in high...

Should You Blow the Budget for Cornell?

If you don’t have the cash, is an Ivy League school or any other university that the college rankings gods worship worth the cost? Affluent families have been asking me that lately. Yesterday afternoon, for instance, I got a call from a dad in Maryland, who wanted my opinion about the three schools on his daughter’s short list. The father...

Where Are the Scholarships Hiding?

Yesterday, a frustrated mom posted a comment on my college blog that expressed her doubts that merit scholarships even exist. Here is what Wendy had to say: How Many Students Receive Merit Scholarships? Wendy’s comment is a timely one because this week the National Association of College and University Business Officers released its annual statistics on merit scholarships and grants...

Getting Stiffed by Harvard

I received an email from a mom over the weekend who was unhappy that her daughter, who beat the odds and got into an Ivy League school, didn’t receive a scholarship from the institution. Here is her note: Our annual household income is more than $750,000 –my daughter is admitted to Harvard – does that mean we have to pay...