Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
Expected family contribution
November 6, 2012
What is Your Expected Family Contribution?
Do you know what your Expected Family Contribution is? If you don’t, you should make it a priority to obtain this number. I’d argue that families need to know what their preliminary EFC is before they begin looking at colleges. Unfortunately, most families don’t have a clue about what their EFC is until their children are seniors in high school...
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July 18, 2012
9 Steps to Finding the Most Generous Colleges
How do you find colleges with the best financial aid? One way to simplify your search for colleges is to look for the institutions that typically meet the highest percentage of financial need. Of course, the best scenario is for your child to get accepted into a school that meets 100% of all its students’ demonstrated financial needs. Here’s an...
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10
July 2, 2012
Getting Stiffed by Colleges
When students are shopping for colleges, admission representatives typically urge them to ignore the sticker price. Here’s what these college reps routinely say: We’ve got lots of financial aid and scholarships. Just APPLY! I was reminded of why applying blind is such a reckless strategy when a mom contacted me after her husband heard me give a college talk at...
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11
July 2, 2012
Getting Stiffed by Colleges
When students are shopping for colleges, admission representatives typically urge them to ignore the sticker price. Here’s what these college reps routinely say: We’ve got lots of financial aid and scholarships. Just APPLY! I was reminded of why applying blind is such a reckless strategy when a mom contacted me after her husband heard me give a college talk at...
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11
May 25, 2012
College Choices for Affluent Families
A mom emailed me earlier this week and I’ve somehow managed to stretch out the topic of her concern to three posts. If you’re curious, here are the previous ones: Who Is Stressed Out About College? Do You Really Expect Me To Pay That Much for College? Today I’m going to address her chief question: What do you do if...
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May 22, 2012
Do You Really Expect Me to Pay That Much for College?
I wanted to share an email that I received over the weekend from a mom named Linda, who is questioning whether her bright son’s No. 1 college choice – Cal Tech – is out of reach financially. Mom’s Email Here is what Linda wrote: My son, a rising freshman, has dreamed of attending Cal Tech for years, which others have...
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7
April 20, 2012
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...
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April 19, 2012
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...
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March 22, 2012
An Email from a Disillusioned Mom
I received an email yesterday from a disillusioned mom, who wanted to share what she has learned after receiving her oldest daughter’s financial aid packages. I can totally sympathize with this mother and I want to pass on Lisa’s observations before I comment on them. After receiving Lisa’s email, I sent her a message asking what kind of merit aid...
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65
February 20, 2012
The Nation’s 62 Most Generous Colleges
What are the most generous colleges and universities in the country? US News & World Report attempts to answer that question every year when it rolls out its lists of institutions that self report that they meet 100% of each student’s financial need. Today I’m sharing the latest list that US News released last week. Not surprisingly, highly elite schools...
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