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Showing posts with the label debt

The Rise of International Colleges

I graduated from high school in 2004, and while it is upsetting that the students I am advising in the college process now, were in diapers at that time, it really was not that long ago (or at least I keep telling myself that). I graduated from Westfield High School in New Jersey, a very competitive public school of about 400 students per grade. Myself included, pretty much everyone in the school applied to around six colleges, all of which were in the United States or Canada. Applying to international colleges was never a consideration, I mean why would it be...there are thousands of amazing schools in America, why travel across the ocean just for your college degree? The thinking was always that students from other countries are the ones who need to come to the American colleges, not vice versa. Well, in the past 14 years there has been a gradual rise in American students attending colleges and universities in other countries. Even more, in the past three years, I have personally s...

Let's Go Get that Financial Aid Now (Hopefully)

Here we are...October 4th, and the applications are flying and the confusion is intense. With so many different college deadlines, application types, writing supplements, and forms that need to be completed, I'd imagine students and parents are already wishing the college application process was over! Well, while the college process will not be official over until May 1st, I do have some good news. For the first time, the FAFSA is now open well before January 1st. You may be wondering why this is a good thing...just more paperwork right? Well that is true, but in the long run, this should be a benefit to students and families...hopefully. For the 2017-2018 college academic year, families can now complete the FAFSA using their 2015 tax return. In the past, families would need to wait until after January 1st, file their taxes, then use that year's information to complete the FAFSA. This would only give school's a month or so to receive the information and send families a ...

Let's Talk about the Coalition

For the past decade, there has been two main avenues to apply to college: the Common Application and applying through the college website. Well, it's about to time to add a third option in there, as the Coalition Application has opened for business for the 2016-2017 college application year. In this post, I want to help students and parents understand what the Coalition is all about and how/when/if it should be used during the college process. We will all know much more as the fall approaches, but as of June, 2016, this is what I know... What is this Coalition: The official name of the Coalition is " The Coalition for Access and Affordability ". This idea was put into motion two years ago when the Common Application infamously crashed during the peak application season, causing students, school counselors, and admissions professionals to basically panic. It was not a pretty scene, and a few top colleges began thinking of new ways to improve the entire application proces...

Student Turns Down All Eight Ivy League Colleges

As a reader of Mr. K's College Knowledge, you know that this blog is dedicated to helping each student find the school that is right for him or her based on a number of factors, including academic offerings, social scene, cost and more. Yesterday, MSNBC's Morning Joe featured Memphis high school student Ronald Nelson who was recently accepted to all eight Ivy League schools - and then turned down the opportunity to attend each one. In the interview, Ronald says that receiving his many acceptance letters was "just the next step in my analysis to figure out where to get the best education possible while making sure that it's financially reasonable for both me and my family." He went on to say that he was not only accepted into a "wonderful honors program" at the University of Alabama, the school he ultimately chose to attend, but also received generous financial aid awards - both important factors into his decision-making. In this case, Ronald will b...

NYT Article on Surviving College Admissions

I wanted to share with you this very powerful and well written New York Times article on college admissions at the most selective colleges and how this can be a damaging process to students across the world, but it doesn't need to be. It explains how ridiculously competitive it is to gain admission to the top colleges in the country, but how students should not feel as if they have to attend the top 25 colleges in order to be successful. It shares personal stories about young men and women who were denied admission to the most selective colleges, went on to "second tier" schools, and were extremely successful at school and in their careers. These students turned the rejections into a learning experience and propelled them into taking full advantage of all of the opportunities that the school that did accept them offered. I personally am a strong believer in finding the right fit of a college for each student, and the name of a college really does not mean much to me. S...

Tips for Early Decision & Early Action Results

As seniors are waiting for and receiving decisions for their Early Action and Early Decision applications for colleges, I wanted to share some tips on when receiving admissions decisions from colleges. Ø   If you have been accepted to a school through Early Decision, you should withdraw your applications from any other colleges you have applied to or were planning on applying to. Remember, with Early Decision, you, your parent, and school counselor all signed an agreement, that if accepted this would be the school you would attend. Ø   If you have been deferred from Early Decision or Early Action to regular decision, do not get upset, as you still have a chance. For ED, you are no longer committed to attending the school, even if you are accepted through regular decision, so more options have just opened up. To be deferred means the college liked what they saw in your application, but they need a little more information and time before potentially accepting you. For t...

Paying for College...Time to Get Started

As you are all aware, this is both a stressful and exciting time in your lives as seniors and parents of seniors. Many of you have applied to colleges, and others are working on submitting their applications in the next couple of months. Now there is quite a bit of time between waiting for an admission decision, discovering the financial aid package, and selecting the college you will attend. In many cases, a big part of selecting a college will depend on the ability to actually pay for that school. Although most private colleges and universities will average anywhere from $40,000-$60,000 per year in total cost of attendance, the financial aid they offer will vary greatly from next to nothing, to a whole lot of dough. In order for families to be considered for any type of financial aid, families must complete the FAFSA (more information on this below) after January 1 st . Many schools also require families to complete the CSS Profile, which can be completed now. Both of these syst...

Student Debt Help

As we all know, student debt in college, graduate school, and post-grad programs is a bit outrageous, intimidating, and all-around scary. Unless you have a rocket for an arm or can jump through the roof, receiving that full scholarship is not easy. Although the cost of a school should not be the only determining factor in college admissions, it should definitely be a big consideration. The cold hard truth is that most college students will graduate in debt. However, the range of debt can vary thousands and thousands of dollars, so it’s important to be smart with your decisions before and during college. From a paid internship to closely monitoring your expenses to choosing the right loans, your decisions will have a direct impact on your wallet. Take a moment to visit:   http://www.debt.org/students/ This is a very comprehensive website with a ton of information and tips on ways to reduce or eliminate student debt. Also check out these pages from the website:  debt.or...