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Insider tips for the week of August 21, 2017
5 tips to pay less for college – A great read worth a couple minutes from Jeanmarie Keller. I especially like #4 – build your list of colleges based on your situation and the college’s financial aid policies. Just because you need financial aid doesn’t mean the college has to give it to you. …
Insider tips for the week of July 24, 2017
The #1 college shock, according to other families – What’s the biggest financial surprise awaiting families of college-bound students? Check out the answer from a Money Magazine/Barnes & Noble college survey. 6 questions you need to ask on your college tours – With many families using summer break to visit colleges,…
Insider tips for the week of June 26, 2017
How to make sense of college rankings – An important read from the NY Times for every family engaging in the college process. My favorite takeaway: “It isn’t like Consumer Reports…the interaction between a student and an institution is not the same as the interaction between a student and a refrigerator.” 4 ways…
Federal student loan rates go up for 2017-18
For families that take out federal student loans, college just got a bit more expensive. Starting July 1, 2017, federal loan interest rates are going up for loans taken out to pay for the 2017-18 academic year: Undergrads will pay a rate of 4.45%, up from the current 3.76% Graduate students will pay a rate…
Insider tips for the week of June 5, 2017
What you don’t know about financial aid (but should) – An important 8 min. read from the NY Times. Takeaways include colleges are free to come up with their own ways of defining a family’s ability to pay, don’t check the box on the Common Application if you intend to apply for financial aid b/c…
Insider tips for the week of May 1, 2017
4 questions every family should answer – Jodi Okun shares the questions every family should answer about college, including my favorite, “Who will be repaying the loans?” The parents assume the student will make payments, while the student may assume the parents will make payments. Everyone is surprised after graduation when the payment due notices…
5 tips for negotiating with colleges
For many colleges, May 1 is National College Decision Day, the deadline for families to make deposits to attend the college of their choice. But before families make their final decision and begin forking over lots of money to attend college, they should know it is possible to negotiate with colleges to get a…
Insider tips for the week of April 10, 2017
3 ways to talk to your child about paying for college – The Washington Post shares helpful conversation starters for the difficult, yet important, money talk with your student. A hidden college cost you probably didn’t think about – The Hechinger Report shines the light on a little-known reason why the…
The big problem facing Twin Cities’ small colleges
CIT’s Jay Benanav was recently interviewed in the Minneapolis/St. Paul Business Journal. Small private colleges are being pinched by higher costs and declining cash levels, and national trends aren’t in their favor Patrick Rehkamp Data Reporter Minneapolis / St. Paul Business Journal Several small Twin Cities private colleges use adjectives such as “innovation,” “creativity” and…
Hilarious take on the financial aid letter
It’s that time of year again when college financial aid packages are landing in mailboxes. And even the TV show “The Middle” couldn’t help but weigh in. Check out this hilarious 1 minute video!