Families That Work Together And Start Early Get Much More Money For College!
Having parents involved in the admissions process can save your family thousands of dollars. Doing your research and choosing the colleges that historically award tuition discounts may result in a HUGE DISCOUNT. That means you get to save thousands of dollars for college.
Most People Don’t Realize That They Need To Look For More Solid Information.
As a parent who went through this process, I wish there was more information other than the water cooler buddy where I received much of my information from. As a ten year professional, I’ve seen horror stories from families across the country. What frequently happens is families apply assume all schools are the same when it comes to financial aid & scholarships.
Letting Your Student Choose and Plan For College Without Help Can Lead To A Much Harder Situation.
Students are usually in charge of choosing prospective colleges. They get accepted and then boom. Mom & dad realize they will need to spend $100,000.00 to $200,000.00 for the school kid’s college education. Many students base their prospective schools on information from classmates. Parents get involved at the last moment. The kid is excited to go to their dream school without taking into consideration the financial nightmare that is about to become reality. Why?
Many highly rated schools understand the Golden Rule, “He who has the gold makes the rules”. And the rules say, “At our college we want our applicants to have 3.8 unweighted grade point average and a 2150 on their SAT’s and/or a 32 on their ACT”. That’s when they consider giving you a “tuition discount”. If you do your research you will find there are many lesser known schools with less restrictive rules when meeting out merit scholarships.
Many in the science field who are “brain experts” suggest that most people don’t reach full maturity until the age 25. Why would you allow a 17 year old immature mind decide what is for many, the most costly expenditure or “investment” a parent will ever make?
i was reading an article that stated that 80% of students go to the college without exploring the overall cost.
Many parents will jeopardize their economic future just so they can make their child’s dream come true. Parents need to learn the true meaning of the word NO. How about being involved and setting some ground rules?
There are tons of schools out there in the $40,000-49,000 range that will offer $15-20k in free tuition discounts. If you include student loans you could be looking at $28,000 net cost per year (based on a income of over $100,000). This is equivalent to many state public schools with low graduation rates and even worse 20 year returns on investment.
The bottom line, if you take the time and use a professional who can educate and navigate your family through this complicated maze, you will avoid many sleepless nights.