The College Solutions Blog

December 12, 2011

This week I’m going to focus on some financial aid nuts and bolts. I want to address one of the questions that puzzle families the most:  Will a college award my child any money? Most parents have no clue how to answer this question. In fact, they usually don’t find out if a college is willing to kick in some...

December 7, 2011

It’s the time of year when families of high school seniors start worrying about their home equity and financial aid. That’s why I decided to share an email that I received from a father who was interested in using the services of a CPA who says he could hide his home equity from financial aid formulas. Here is the salient...

December 1, 2011

This is the time of year when parents begin agonizing about whether they should apply for financial aid. They wonder if filling out the FAFSA and, if applicable, the CSS/Financial Aid PROFILE, will hurt their chances of getting admitted. If you think you’re going to require financial aid, you should always apply for assistance. For the majority of students, their...

November 28, 2011

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...

November 22, 2011

Do you know what a reach school is? Many parents and teenagers don’t understand what the term means. I discovered just how elusive a concept it is during college talks that I occasionally give at high schools and other settings. When I ask, “Who knows what a reach school is?” I usually get only one or two people raising their...

November 14, 2011

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...

November 9, 2011

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...

October 19, 2011

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...

October 6, 2011

Filing for financial aid can be more complicated when the parents are divorce. A Divorced Dad From Massachusetts I thought I’d bring this up because of an email that I received from a divorced dad from Massachusetts, who has not remarried. He makes about $100,000 a year and doesn’t own a home. His ex-wife did remarry and she and her...

September 29, 2011

4 Stubborn Financial Aid Myths I think that many of the misconceptions that people possess about the college process revolve around financial aid. With the college admission season about to head into high gear, today I want to share the four financial aid myths that are probably the most common. Myth No. 1:  I make too much money to qualify...