Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
Money
November 28, 2011
Will Saving for College Hurt Your Chances for Financial Aid?
Many families worry that their college savings accounts will kill their chances for financial aid. It’s been my experience that it’s usually dads who get stressed out about how colleges will treat their college accounts for financial aid purposes. Some fathers whom I’ve talked are down right bitter. They are especially incensed at the possibility that families that didn’t set...
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November 23, 2011
Why I Am Grateful
Since this is the week when we contemplate on what we have to be thankful for, I wanted to express my own thanks. I am grateful to all of you who spend time on my college blog. I appreciate each of my visitors and especially the loyal ones who stop by by regularly. I want to give a special shout...
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November 14, 2011
Qualifying for Financial Aid: How Wealthy is Too Wealthy?
Over the weekend my sister was telling me about a teenager, who is getting recruited by a couple of Ivy League schools to play softball. The parents are excited about the prospects of her daughter getting a sports scholarship to an Ivy League school. Does anybody out there know what’s wrong with this dream? The eight Ivy League schools don’t...
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November 9, 2011
Confusing Financial Aid Awards: Where’s the Money?
One of the frustrations of applying to college is the confusing nature of many financial aid awards. Even when a teenager has received a puny financial aid award, schools don’t necessarily want families to know this. Some parents will look at a misleading financial aid award and think their child has won scholarships to cover much of the cost of...
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November 8, 2011
Playing Hide and Seek With Net Price Calculators
Are colleges and universities playing hide and seek with their net price calculators? As I’ve mentioned in the previous posts below, net price calculators can be extremely valuable tools for families wondering what a specific college will cost their families. I don’t think anyone should be applying to schools unless they have used these college cost calculators in advance. College...
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November 3, 2011
States With the Highest and Lowest Student Debt
Student loan debt is at its highest level ever. That’s the conclusion of a new report released on Thursday by The Project on Student Debt. Two thirds of students in the class of 2010 graduated with college debt that averaged $25,250, which is the highest it’s ever been. Students mostly borrowed through federal loans, but at least 22% of the...
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October 28, 2011
How to Avoid a Student Loan Disaster
Most of the teenagers who visit my college blog aren’t thinking yet about how they are going to come up with the cash to pay off any future student loans. High school students and their parents are more focused on getting into good schools. I don’t blame them, but payback time is inevitable. And that’s when it’s going to get...
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October 27, 2011
25 Most Expensive Colleges and Universities
Interested in finding out what the most expensive colleges and universities in the nation are? I wrote a post for my college blog over at CBS MoneyWatch today that listed the top 25 price offenders. I’m patching in the list below. Not surprisingly, most of the priciest schools are located on the East Coast. Why Should We Care? I’m going...
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October 25, 2011
Gambling on an Early Decision Application
I’m sharing an email that I received over the weekend from an anxious dad in North Carolina, who asked me for advice about an early decision application. I’ve changed the name of the son. Here is what he wrote: Dilemma from a Dad from North Carolina My son, Andrew, would like to go to Davidson College here in North Carolina;...
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October 19, 2011
Do All Admission Reps Know What They’re Talking About?
Is your university need blind? I once saw a couple of enthusiastic young admission reps from a pair of Catholic universities back East try to answer that question at a college conference. The reps were specifically asked whether their schools might reject some applicants if they required a lot of financial assistance. Both admission reps vigorously assured the counselor who...
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