Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
September 29, 2014
Colleges That Meet 100% of Financial Need
If your family will need to depend on financial aid to attend college, your best bet is to find a school that will offer an excellent financial aid package to your child. A handy way to assess the generosity of any school is to look at the percentage of demonstrated financial need it typically meets for its students. Teenagers, who...
October 28, 2013
List of Colleges That Meet 100% of Financial Need
If your family will need to depend on financial aid to attend college, your best bet is to find a school that will offer an excellent financial aid package to your child. A great way to assess the generosity of any school is to look at the percentage of financial need it typically meets for its students. Teenagers, who earn...
March 25, 2013
Evaluating a Financial Aid Award
This is the second day that I’m devoting to evaluating financial aid letters. If you missed it, here is the first post that I wrote on this important subject: What’s Wrong with This Financial Aid Letter? Today I’m sharing another financial aid award that I obtained from Paula Bishop, a CPA from Bellevue, WA, who received this letter from a...
November 8, 2010
Should You Apply for Financial Aid?
Are you wondering if you should apply for financial aid? For most families, the answer will be yes. You should file for financial aid. Here are three key reasons why families of any income level should apply for aid by completing the Free Application for Federal Student Aid: 1. The FAFSA is free. The FAFSA won’t cost you anything but...
March 18, 2010
Federal Student Loan Reform: Biggest in a Generation
Congress is on the verge of enacting the biggest federal student loan reform in a generation. I’ve been following the high-stakes fight on Capitol Hill between the student lending giants and the Obama administration for some time, but I didn’t feel compelled to share the news until the legislation looked like a sure thing. The Democrats have tucked the federal...
September 30, 2009
Elite Schools Looking for Diversity
I spent some time yesterday afternoon listening to Peter Johnson, the dean of admissions at Columbia University, talk to a dozen or so attentive students at High Tech High in San Diego. The visit from an Ivy League admission dean at my son’s school isn’t as unusual as you might think. During the fall, it’s common to see admission officers...
July 15, 2009
Take the Financial Aid Quiz
How much do you know about college financial aid? Take this financial aid quiz to find out. 1. If your adjusted gross income exceeds $120,000, you won’t be eligible for financial aid at any school. A. True. B. False. 2. After receiving a financial aid package from a college, the amount can only be increased for dire reasons such as...
November 6, 2008
Pell Grants: Leaving Free Cash on the Table
Don’t overlook free money. That’s unfortunately happening too often as students and families try to figure out how to pay for college. A recent study from the U.S. Department of Education concluded that nearly 40% of full-time students who attend community college don’t fill out the FAFSA (Free Application for Federal Student Aid). Even more amazing, 29% students with family...
July 22, 2008
Pell Grants and Ivy League Hypocrisy
The most emailed story in The New York Times on Monday focused on Berea College, a little school in Kentucky with a heart of gold. The college charges no tuition and only accepts low-income teenagers. Every student graduates with no debt. Not surprisingly, the school is mobbed every year with applicants. Berea is dedicated to accomplishing what a lot of...