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5-MYTHS

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The 5 Myths of College Costs

  How many purchases in life would you spend hours or even days on without knowing the cost? Imagine looking at homes or vehicles and obsessing over their details to find the right one, only to then be told the seller would get back to you on the price that they were customizing only to…

Insider tips for the week of July 30, 2018

6 tips for managing your EFC – Your EFC, or expected family contribution, is a number used by colleges to determine how much financial aid you will receive and a topic most families know little about. Invest a few minutes to read Road2College’s helpful tips to potentially save your family money.     5 strategies…

Insider tips for the week of June 25, 2018

Grades and test scores don’t mean as much as they used to – Jeff Selingo explains that with 50 percent of American teens now graduating with an A average and over 1,000 colleges having dropped standardized tests as an admission requirement, other factors such as demonstrated interest are playing a larger role than before.  …

Federal student loan rates go up for 2018-19 school year

For families that take out federal student loans, college just got a bit more expensive for the second year in a row. Starting July 1, 2018, federal loan interest rates are going up for loans taken out to pay for the 2018-19 academic year:   Undergrads will pay a rate of 5.04%, up from the current…

Insider tips for the week of May 28, 2018

15 things to know about college rankings – Lynn O’Shaughnessy does a nice job of explaining “how the sausage is made” with the popular US News college rankings, and it isn’t pretty. A must-read if you are at all using rankings in your search, and remember there is no such thing as a best ranked…

Insider tips for the week of April 30, 2018

10 ways for parents to get on top of the college process – A must-read for parents of college-bound students from the Washington Post. My favorites: 1) Become a mentor as much as a parent and 2) Expect your student to take advice from others that he or she won’t take from you.   23…

3 things to consider before making your college decision

By Chris Wills   May 1 is National College Decision Day, the deadline for students to make deposits to attend the college of their choice. But before you send in that check, here are three important things to consider:   1. Affordability is part of fit   Many students choose their college based on academic…

Insider tips for the week of March 26, 2018

Stop asking about my kid’s college plans – A beautiful essay from the NY Times from a parent who is going through it just like you. A terrific read, especially the point she makes in the second-to-last paragraph. Check it out.   How colleges award financial aid – A succinct and well-written explanation by the…

4 mistakes families make that increase the cost of college

While the rising cost is certainly a factor, it is often the decisions that families themselves make that cause them to unnecessarily pay more for college than they should (and potentially increase student debt). As hard as it might be, there are instances where a family needs to recognize a college-related decision will cost them…

Insider tips for the week of February 26, 2018

3 tips for having the scary college money talk – I’ve been shocked at how many families with HS students we’ve been meeting with lately have not talked about what they are willing or able to spend on college, both between the parents and with the student. We naturally avoid things that are scary, and I realized…