Have your financial aid packages left you overwhelmed by the cost of college? Maybe you have heard about appealing the financial aid offered, but aren’t sure if you should go for it. And if you do decide to ask for more money, where do you start? We have the answers to all your burning questions in our latest College Coach blog post at blog.getintocollege.com.
By early February, many - but not all - admissions and financial aid deadlines have passed. Are all of your applications complete and submitted? Are there any other forms the school requires? For more information on this topic, check out our Facebook page at Facebook.com/CollegeCoach.
By now, some students have already received some admissions decisions, scholarship offers and financial aid awards. Did you know that you may be able to negotiate higher awards? For more details, search "scholarship negotiation" on the College Coach blog at blog.getintocollege.com.
For families with juniors in high school, now is the perfect time to be researching colleges that may be the right fit, both academically and financially. Learn more about this by tuning in to the College Coach podcast, Getting In, this Thursday afternoon when one of the topics will be "How to Research Colleges".
If you will be sending your child off to college this fall, do you have your 4-year payment gameplan set yet? Learn some best practices from the short videos on the College Coach YouTube channel. They will set your student - and you - up for college payment success.
By December 27th, you should have all of your college admissions applications and financial aid applications submitted. You should start receiving admissions offers and financial aid offers soon, if you haven't already.
The thought of shelling out $100k to $250k for a college education keeps many parents awake at night. I was one of those parents. A few years ago, I had too much coffee and wrote about one way to cover the costs of a college degree. Disclaimer: The interest rate for PLUS loans has gone up a bit since then, but 2-bedroom condos in that building are now for sale at $146,000 and $165,000.
One way to pay for college: Say your daughter wants to go to University of Oregon. In-state off-campus cost of attendance for 13-14 is $24,352. Borrow the full $24,352 in a PLUS loan (Federal education loan for parents) with a current interest rate of less than 6%, and you can defer the payment of the principal until 6 month after your daughter graduates. From the PLUS loan, $9,763 goes to the University to pay for tuition/fees, leaving a $14,589 credit balance to pay for room, board, books, etc. This goes into your pocket, half at the beginning of the fall semester, and half at the beginning of the spring semester.
I'm a proud mom to my own college aged daughter.
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