Category Archives: Uncategorized

The Value of High School Study Abroad

study abroad

Studying abroad is an excellent way for students of all ages to enhance their foreign language skills, level of independence, and ability to think critically. These aspects fall within the heaps of knowledge and personality traits that are developed while embarking on a study abroad experience, unique to every student. Particularly for those individuals who have a certain interest in languages, international affairs, history or art, studying abroad is always a good idea for both personal growth and for the resume. 

The term study abroad is generally associated with college students. It is very popular at this day in age for college students, regardless of their major, to spend at least a semester outside of the US, if not more. Less common are those students who choose to embark on an international academic experience when they are still in high school. This is the case for numerous reasons, starting with the fact that opportunities to do so are less frequent and less discussed; though the powerful impact of such experiences on a younger mind is incredibly valuable. In this article, I will share why study abroad experiences during youth and adolescence are critical for young students, both on paper and in person.

I make this claim as both a former study abroad student and a recruiter. My high school study abroad experience opened me up to a world of invaluable relationships, heightened cultural awareness, and fluency in a foreign language. As our world gets smaller and smaller, these aspects become more useful to us as students, professionals, and people.

On paper – What value does study abroad in high school add to a resumee?

1. International experiences set you apart. 

In a world where test scores and athletic achievements are seemingly the most common ways a high school student can excel on paper, international academic experiences provide a curveball opportunity for standing out. It’s especially valuable for students who may not be interested in pursuing a future of college sports or strictly academic vigor, and want to contribute something more diverse to their profiles. Since study abroad experiences are more exclusive to college students or graduates, their presence on a high school student’s resumee is highly unique and telling of the student’s probable personality characteristics. Which brings me to our next point… 

2. Studying abroad at a young age shows initiative and ambition.

There’s a difference between the inferences made about a student who studied abroad in college versus in high school. As a former student recruiter, when I came across a profile of a student who had embarked on an academic experience abroad before starting college, I always wanted to know more. Due to its less prevalent nature, making the decision to study abroad before college shows a unique level of initiative and self-driven ambition in a young student. Taking the initiative to travel at length and put oneself out of their comfort zone to pursue a curiosity allows someone to infer that they are dealing with a notably brave, flexible, and self-starting person. Especially at a young age, when taking advantage of an opportunity to go abroad often entails application forms, collaboration and convincing of the parents, and time away from home, the experience is much more reflective of these strong personality traits. 

3. Fluency in a foreign language stands out.

This is not only because our world is getting smaller and therefore naturally, the more languages you know, the more value you may serve. Studying a foreign language is time consuming. It puts the student in embarrassing and confusing situations. It forces you to let your guard down and laugh at yourself. We can even put aside the valuable display of ambition and drive that study abroad creates; learning a foreign language takes it a step further. It shows wit, perseverance, and the ability to think critically about oneself. People are left impressed when a young person explains to them that, no, the reason I speak Spanish isn’t because I learned it at home. I studied it and went abroad to perfect it, and now I’m fluent. It’s a wow factor. 

In person – What valuable impact does study abroad in high school have on a young mind?

1. Being abroad heightens our sense of self-awareness and critical thinking. 

The ability to exhibit elevated self-awareness and think critically about oneself are hard to come by even in adulthood. By partaking in the experience of studying abroad, young people get a kickstart to growing in these crucial aspects of knowledge and emotional intelligence. Studying abroad in high school made me reconsider the way I think; it prompted questions about myself in relationship to my own culture and upbringing. Suddenly, my 17-year-old brain was actively exploring parts of my psyche, like why I was so afraid of failure, or why the Spaniards are not disgusted by jealousy whereas Americans are. These are thoughts that inhibit us to become more considerate, self-correcting people both in adolescence and adulthood. 

2. We are more impressionable when we are young. 

Young brains are highly impressionable when it comes to both knowledge and mindset. The fact that we absorb more information with less effort at a young age is a given; it’s why a five-year-old can learn a new language just by listening to it, whereas a 35-year-old must put in seemingly endless amounts of effort to reach the same fluency level. In youth and adolescence, it is easier for our brains to grasp foreign concepts like languages and diverse ways of thinking. That’s why the younger we are exposed to them and forced to make sense of them, the better they stick. I’m talking about languages, yes, but also the ability to keep an open mind. By facing foreign concepts when we are young – for example, eating dinner in Spain at 10pm instead of 6pm back home in Massachusetts – we train ourselves to be open to adaptability and to maintain a flexible outlook. 

3. Authentic exploration is more precious at a young age. 

International experiences that take place in that special time between childhood and adulthood are invaluable. In this phase of our lives, it is more likely that the experience abroad will be less centered around finding bars where other Americans hang out, and more about discovering oneself and the culture around us through meaningful friendships, letting our guards down, and getting to feel more independent. At this age, an authentic experience is longer lasting in the impressions it has on us.  Even in the age of social media and connectivity, it allows a deeper connection with the place we visit and the people we meet. That value is continuous into our college application process, during college, and beyond. 

___________________________________________________________________________

Today’s guest post is by Shannon O’Brien, European Coordinator at Abbey Road Programs

Author bio: Shannon is an American expat whose career in Europe began with a study abroad experience in Spain when she was in high shcool. She is still active in the study abroad community in Italy and Spain, and works as European Coordinator for Abbey Road Programs, assisting other students in pursuing international educations. 

Can You Afford To Send Your Child to College?

college

One of the most common worries that a lot of parents tend to experience is that they aren’t going to be able to afford to send their kids to college. After all, college is one of those things that’s pretty much essential to get a competitive edge in their careers but it’s also one of the most expensive things that they will ever do. Of course, it’s not particularly productive to spend your time worrying about it. Especially because there are actually plenty of things that you can do in order to make sure that you’re in a financial position to send your kids to college. Here are just a few things that you may want to consider.

Start saving

The simplest and most obvious thing that you can do in order to make sure that you can afford to send your child to college is to start saving your money as early as possible. Having money stored away in a savings account means that when the time for college rolls around, you’re already prepared for it and you don’t have to worry about the ways in which it will impact your finances overall. Even if you’re just putting away a little bit here and there where you can, if you’re focused and disciplined about it, that kind of money can end up growing far more quickly than you might expect.

Grow your money

One of the best things that you can do in order to bring in the kind of extra money that you might need to send your child to college is to find ways to invest it. There are plenty of investment options out there for those looking to grow their money. Property is one of the safest and most profitable. Working with agents like William Pitt Sotheby’s Realty can help you find the perfect properties that are the perfect place to invest your money. Of course, investing always comes with risks so it’s worth being as cautious as possible so that you don’t wind up making any mistakes with your money.

Borrow

Taking out a loan in order to fund your child’s college experience is one of the most common options and for good reason. The truth is that a lot of people simply don’t have the means to pay it themselves so taking out a loan can be a great option. You just need to be sure that you’re borrowing carefully. Do your research and make sure that any loan you take out is fully accredited and that you’re not falling prey to any predatory practices.

One of the most important things to remember is that financing is something that you should think about from the very start of the college application process. The last thing you want is for your child to be attending their orientation and you’re only just thinking about how you’re actually going to be able to afford to finance their college experience. It’s something that requires planning and preparation. In all likelihood, it’s something you’ll be thinking bout far longer than your child.

Automatic scholarships based on standardized test scores

automatic scholarships

Do you need money to pay for college? Are you having trouble motivating your student to study and prepare for standardized tests?

What you may not know is that there are GUARANTEED scholarships available for students based on their standardized test scores. And in case you think they are only for perfect scores, think again. Many colleges award automatic scholarships for scores of 1100 for the SAT and 22 for the ACT. Of course, the higher your score, the more scholarship money you receive.

Automatic National Merit scholarships

Perhaps one of the best sources of money based solely on a standardized test score, is the PSAT. If your student is a National Merit finalist (based on the scores in your state), they are eligible for scholarships. Apart of earning a $2500 scholarship through the competition itself, students can score some big money from colleges by listing them as their first choice when they take the test.

Your student can get a full ride from any number of colleges, just for being a finalist. For example, you can get a full ride scholarship at the University of Idaho and the University of Oklahoma.

With just a little preparation and study (most students don’t prepare for this test), your student can score well stacked up against other students in the state. It’s completely achievable and pays off in huge scholarship dollars.

To learn more about sponsoring universities, read here.

Automatic scholarships based on SAT/ACT scores

Colleges offer automatic scholarships based on your student’s test scores. These scholarships don’t require an extra application or information, but there may be a college application deadline. Check with each individual college for deadline information.

These scholarships are usually posted on the college websites. For a short list of some of the colleges and their scholarship opportunities and how to search for any college, hop over to PrepScholar for a detailed explanation of how to search for these scholarships.

Of course, don’t stop here. Encourage your student to apply for the scholarships that fit them well and keep applying all throughout college. Free money means no debt after graduation. Your son or daughter should appreciate the benefit of that.

College Rankings Based on Value

college rankings

I’m not a fan of college rankings. Most are bought and paid for by the colleges and always have the Ivies at the top of the lists. You should never judge a college solely on its ranking, but there is one non-profit organization that ranks colleges based on the economic value added as being the improvement in earnings and employability of graduates; measured against the total cost of the education. Quite simply, colleges are ranked on their ROI (return on investment) by the Nonprofit Educate to Career.

Of course, your student won’t base their college choice solely on this information, but these rankings can help you and your student determine the value of your educational investment.

ETC President and founder Michael R. Havis states:

“Transparency and value in higher education is paramount – parents are telling us. Accordingly, we rank colleges by the outcomes of their graduates – including jobs and salaries, graduation rates, student loan payback rates, and other factors. ETC uses sophisticated statistical techniques to control for the quality of the students (we calculate the earnings value of high SAT scores and correctively weight our model for that value). Other rankings show a correlation between the SAT/ACT scores that a school accepts and the rank of the schools. They’re really ranking the students accepted by the colleges – while we are truly ranking colleges. Also, unlike other rankings – we do not accept any data from the colleges themselves, choosing to compile our data from only publicly available sources for the sake of transparency and impartiality”.

Some of the metrics used in calculating the ETC College Rankings Index are: 

  • Percentage of graduates employed in occupations which utilize their field of study
  • Average salary earned by recent graduates, by school for each major category (adjusted for region, occupation and other variables)
  • Percentage of persons employed within one year of graduation
  • Major, referenced against similarly situated students at other institutions
  • Graduation rate and the number of years to graduate
  • Tuition- in state, net cost
  • Loan default rates
  • Other proprietary input variables which norm students to a common standard for each school and major

The ETC College Rankings Index is the standard for ranking colleges based on factors that families actually care about – ROI. Click the link to view the 2020 ETC College Rankings Index!

If you’re going to rely on rankings to make your college choice, ETC rankings are the ones to use because they are solely based on statistical data and not information the colleges provide.

Why Are Parents Stressing about College Prep?

college prep

My inbox is flooded with emails from parents asking questions about college prep. While I encourage parents to ask questions and find good advice, I marvel at the stressful tones coming across in those emails. Why do parents stress so much about college prep? What can you do to handle the stress?

My first piece of advice—relax.

It’s all going to work out and your student will attend a college that makes him or her happy. It may not be the college you choose or even their first-choice college, but wherever they land, it will work itself out. Stressing over every single aspect of the college application can not only drive you crazy, but put undue pressure on your student as well. The college decision is stressful enough without you adding to the process.

My second piece of advice—do your research.

Before you start stressing over whether your student will “have what it takes” to get into college, look at the college statistics for each college on their wish list. What percentage of applicants are admitted each year? What percentage of students receive financial aid? What does the freshman class look like—average SAT scores, average GPAs, and other factors? What does the college value the most in their applicants—demonstrated interest, GPAs, extracurriculars or others?

My third piece of advice—be realistic.

Be realistic. Your student may aspire to the highly selective colleges, but is it conceivable they will be accepted? It’s perfectly acceptable to have a dream school, but if your student applies, they should fall within the criteria of the applicants. Applying to colleges you simply can’t afford or your student’s chances of acceptance are slim, will only set you and them up for disappointment.

One parent, when discussing student debt, summarized it like this: “It’s our personal opinion [as parents], but for us we would find it irresponsible on our part to let any of our kids incur that much debt for a bachelor’s degree. They will have to dream with the money they have available. Plenty of great educations out there that won’t break the bank.”

You owe it to you children to be the voice of reason. There are over 4000 colleges within the United States that will give your student an excellent education. Do your homework and help them find the one that is the best fit.

My final advice—ask for help.

It’s a given. You are going to need help. Luckily, there is plenty of help available online for parents to gather information and advice. You can consult the experts or search for help in social media. Just about every question you have can be answered and if not, you can message or email an expert for their advice. Never be afraid to ask for help.

Paying for College: Borrow Wisely

borrow wisely

I received an email from a concerned parent whose student was going to be attending orientation next week. In the email, he confessed that he might need some help with information regarding financing his son’s college education. I was surprised that he waited so long. Unfortunately, I had to advise him that at this point his only options were private loans and advise his student to apply for scholarships over the summer.

Parents should consider college funding even before their student applies to college. The inevitable result of lack of planning is parents and students borrowing to pay and usually borrowing more than they can repay after graduation.

What do the statistics say?

With school starting shortly, student loan borrowing often appears in the news. It’s especially prevalent now with presidential candidates promising to erase student loan debt. Wherever you stand in the political landscape, it’s clear from the statistics that students have borrowed more than they can repay.

According to a 2018 report by the Federal Reserve Bank of New York, as many as 44.7 million Americans have student loan debt, that’s one in five adult Americans. The total amount of student loan debt is $1.47 trillion as of the end of 2018 — more than credit cards or auto loans.

How do you make wise financial choices?

Before applying to college, you and your student should investigate the cost. You can gather the information either on the college website or by using College Navigator. When viewing these figures, you should also research the college’s financial aid statistics—what percentage of students are awarded aid, how much aid is awarded and how much do students typically borrow. Since every family’s financial situation is different, these figures should help determine if the college is affordable to attend.

How does financial aid play into the equation?

If you complete the FAFSA, your student will receive some form of financial aid. The most common is student loans, but colleges also award grants and merit aid as well. Always complete the FAFSA, even if you don’t think you will qualify for aid. Colleges use the information on the FAFSA when awarding scholarships and grants. No FAFSA, no aid.

What’s the key to avoid borrowing too much?

Use repayment calculators before you sign on the dotted line. The rule of thumb is that students should only borrow as much to pay for college as their first year’s salary. By keeping your debt under one year’s salary, you won’t have to put more than about 10% of your income towards student loan payments. Borrowing more than your student can afford to repay sets them up for overwhelming debt after graduation. Your student can look at salary comparisons for their anticipated career at PayScale.com.

How can you avoid borrowing to pay for college?

The key to not borrowing to pay for college is to receive merit aid, grants, and outside scholarships. Your student should apply to a college at the top of his or her applicant pool. This means the college will be more likely to award aid to attract your student. Grades and standardized test scores are also a key factor in awarding aid. Your student should focus throughout college to pursue excellence in these areas. And, don’t forget outside scholarships. Your student should focus time and effort in applying to every scholarship he or she qualifies for. This means starting early and planning to submit the best application. Click here for scholarship application tips and see how your student can win enough money to pay for college.

Finally, borrow wisely. Only borrow what you need. Your student can borrow the maximum amount, but only borrow what is necessary. Just because you can, doesn’t mean you should. Choose the loans with the lowest interest rates first.

Scholarship Friday: Potential Magazine Scholarships

Potential Magazine is sponsoring two scholarships for high school students grades 9-12. It’s never too early to start searching and applying for scholarships.

Scholarships


National Don’t Wait to Reach Your Potential Scholarship*
Hosted by: Potential Magazine
Deadline: 01-04-20
Award: $500

Qualifications: This scholarship is for college-bound teens in grades 9th-12th. It does not require specific test scores, GPA, or class ranking. Parents can also register but will need to designate a student to receive the award. 
Description: Winner will be notified via e-mail! You will also be receiving Potential Magazine’s free weekly “Countdown to College” (C2C) eNewsletter with additional scholarship opportunities, ACT/SAT prep tips, college prep info, and more.
Applicationhttps://www.potentialmagazine.com/countdown-to-college-scholarship-sign-up/

National Countdown to College Scholarship*
Hosted by: Potential Magazine
Deadline: 05-04-20
Award: $1,000

Qualifications: This scholarship is for college-bound teens in grades 9th-12th. It does not require specific test scores, GPA, or class ranking. Parents can also register but will need to designate a student to receive the award. 
Description: Winner will be notified via e-mail! You will also be receiving Potential Magazine’s free weekly “Countdown to College” (C2C) eNewsletter with additional scholarship opportunities, ACT/SAT prep tips, college prep info, and more.
Applicationhttps://www.potentialmagazine.com/countdown-to-college-scholarship-sign-up/

For more scholarship opportunities, visit Potential Magazine’s Scholarship link.

Compromising During College Prep

college prep

When parents and students enter the college-bound process, issues arise. It’s the inevitable clash of what parents think is best for their kids, and what the kids want. Over the past 18 years the clashes have been over such things as food, friends and entertainment choices. As college approaches, the parent-student conflict intensifies.

Following are six areas that typically cause conflict along with some advice on how to handle it and work toward a compromise.

1. Junior college vs 4-year college

Parents often approach the college prep process from a financial standpoint; students do. They make their decisions based on all types of criteria that might not seem logical to parents: location, campus activities, the look of the campus, friends, and even popularity of the college with their peers. While those aren’t necessarily the best criteria, they should play into their final decisions.

Here are just a few questions to consider:

  • Would a 4-year college be better for your student?

If your student is independent and knows what he wants, a 4-year college might indeed be the best choice. Students who are focused and are ready to pursue a specific major can benefit from attending a 4-year college starting with their freshman year.

  • Could you justify a 4-year college if it was more affordable?

Although junior college is more affordable based on cost for credit hours, there are other factors to consider. For instance, scholarships are more readily available to incoming freshmen than to transfer students. Financial aid awards could be enough to offset the higher tuition fees.

  • Does your student understand the benefits of junior college?

Perhaps the greatest benefit of attending a junior college is getting the basics out of the way, especially if they are unsure about a major. The financial benefits can be great as well, especially if the student lives at home and works while attending.

  • Is it possible to reach a compromise?

Talk with your student and make an effort to understand their reasons for wanting to attend a 4-year college. Be open to the possibility. Explain your concerns about cost and going to college without a decided major. A compromise might be for them to take courses over the summer before college and get a few of the basics out of the way.

2. A profitable major vs a major that embraces their passions

Parents think logically—they want their kids to graduate and be able to secure a job that pays well and has future career advancement possibilities. While there is nothing wrong with that line of thinking, their kids want to study something that interests them.

Have you considered these realities?

  • Your child would be more likely to embrace college if he has a passion for what he is studying.

Statistics show that nearly half of all college students drop out before receiving a degree. If your student is pursuing something he is passionate about, the likelihood of him sticking it out for 4 years is much higher than if he is pursuing a major that doesn’t interest him simply because he will be more employable after graduation.

  • There are lucrative majors that embrace all areas of interest and could be a good compromise.

Investigate majors and research the ones that have a good rate of return. Encourage your child to look at the degree plans and perhaps add a minor to their degree embracing their passions. Some colleges even allow students to create their own degree plans, choosing courses that interest them and pertain to their areas of study.

  • Those who are happiest in life have careers that they are passionate about.

Of course you want your child to be successful and be able to make a living. But even though they get a job after graduation that pays well, it doesn’t guarantee they will stick with it, especially if it is not something they are passionate about.

  • Explaining the consequences of choosing a major that’s unemployable might help your child understand why you are concerned.

Graduating with debt and being unemployable is a big concern for parents. But your student may not understand the consequences of their decision. Its four years down the road and all they see is dollar signs because they have a college degree. Encourage them to do some research on the major they are considering and the expected salary and hiring potential after graduation. It just might open their eyes and help them move toward a more logical major.

3. Extracurricular activities vs free time

Parents look at the big picture. Students focus on the “here and now”. It’s hard for teenagers to comprehend the importance of proper planning and preparation. They want to enjoy high school and not be pressed day in and day out to focus on the future. It’s a delicate balance between applying themselves, managing their time and enjoying their free time.

With a few simple tactics you and your teen should be able to reach a compromise:

Set aside time each day to work on college related activities.

Parents who are over achievers expect the same from their student. But all work and no play makes for a very stressed out teenager. Make a plan with them to spend x amount of time each day on college-related activities. Once they complete their daily tasks, you will feel better about letting them have some free time.

  • Encourage your teen to focus on one activity throughout high school.

Many parents think that piling on the extracurriculars during high school will impress college admissions officers. But it’s not entirely true. Colleges are looking for focused applicants. They are much more impressed with a student who has devoted four years in high school to one particular activity than one who has piled them on just to impress. Consistency is more appealing than numbers.

  • Allow your teen time to have fun while helping them to find balance.

Teaching your teen to balance their time will go a long way in helping them to manage their time in college. Students who know how to keep a balance between studying and social activities do much better in a college environment. Help them prioritize their activities.

  • Work with them to establish goals and the steps needed to reach them.

Before they leave for college, students need to know how to set goals and how to take steps to fulfill them. Help them make a list of goals, both short term and long term, and encourage them to evaluate those goals on a regular basis adjusting their time to stay on track.

4. Hand holding vs a quest for independence

Perhaps the most difficult part of parenting a college-bound teen is when to help and when to let them take the reins. It’s hard because for the past 18 years we have been in control. Relinquishing control over such a critical process in their life is harder than you might imagine. Looking at the process from the college’s standpoint, the student needs to own the process. They will be the one going to college and they should be the one making the decisions. But you can certainly guide, encourage and offer help when asked.

Parents can help with these tasks:

  • Staying organized-keeping track of deadlines and test dates.
  • Explaining the financial plan-discuss what you will pay and what you expect them to pay toward college.
  • Providing documents as needed, especially concerning financial aid.
  • Offering advice about college choices-offer advice but don’t dictate choices based on your preferences.
  • Accompanying them on college visits- listen to their likes and dislikes afterwards while staying objective.
  • Providing tutoring help if needed.
  • Help with studying for standardized tests.
  • Guide them with the final decision helping them take into account financial aid awards
  • Help with locating scholarships.

Parents should let their student take the lead with these tasks:

  • Compiling a list of college choices
  • Talking during college visits and interviews
  • Communicating with colleges via email, social media, and telephone
  • Gathering letters of recommendation
  • Applying for scholarships
  • Completing the application
  • Completing the FAFSA
  • Making the final decision

5. Gap year vs going straight to college

Parents cringe when their teens bring up the gap year. The concept seems like procrastination and parents fear that once out of school, the student may never go to college at all. Taking a year off to lie around and do nothing is never an acceptable option. But taking a year off with a focused purpose might be what’s best for your teen.

Before you put your foot down and forbid them to do this, consider the reasons a gap year might be beneficial:

  • They could use the time to pursue career interests.

A gap year could be the perfect time for your student to learn more about specific careers that would help them choose a major. Internships and apprenticeships during the year could provide them with more information about the types of education needed and the specific degree plan best suited to their chosen career.

  • They could take the time to travel and work abroad.

Taking a year off to travel and work abroad can be beneficial when they do attend college. Being exposed to different cultures and getting to see the world helps them in their future careers. There are many programs that offer students the opportunity to work while abroad and some that offer them the opportunity to volunteer for room and board. Scholarships are also available as well.

  • They could simply use the time to mature and gain focus.

Many high school graduates simply aren’t mature and focused enough to attend college. Taking a year off means a year to grow and mature. But it should never be used to sit around the house, play video games, and hang out with friends. A gap year, to help with maturity and focus, should always include a plan such as working part-time while taking a few courses at the local community college.

  • Work full time to save money for college.

For many students, working full time for a year will help them save money for college expenses. It’s definitely something to consider, especially if this money would be used to avoid taking out student loans.

Parents should understand that college right after high school is not the best path for every teen. There are other alternatives, even ones that could include taking a course or two at a community college. The most important role for parents is to help their teenager find a path to success.

6. Considering alternatives to college

In a recent article I wrote for Collegiate Parent, Alternatives to Traditional College, I explained that not every student is meant to take the 4-year college path:

“When my son was a senior in high school, he had no idea what he wanted to do after graduation. College seemed out of reach and of very little interest since he coasted through high school on the bare minimum of effort. His involvement in NJROTC (Navy Junior Reserve Officers Training Corps) in high school led him toward the military option. When he left for boot camp after graduation, he was happy with his decision to avoid the traditional college route.

My daughter, on the other hand, knew she wanted to go to college and where she wanted to go. When she graduated and left for college in the fall, she was content with her decision and looked forward to four years of education.

Each of my children chose a different path. If I had forced my son to attend college it would have ended badly. If I had pressured my daughter to join the military, it would have been a disaster. But since I let them decide for themselves and didn’t push them in any one direction, they found the paths that were right for them.”

While a college degree is an impressive achievement and has undisputed value, it’s not for everyone. There are many meaningful paths after high school graduation that don’t include a traditional four-year college experience. If your student is vacillating about going to college, or is currently in college but regrets the decision, don’t panic. Your student may need to follow one of these alternative paths.

Parents and teens take on new roles during the college prep process. The parents are attempting to let go and trust that the decisions made will be the best ones. The teens are attempting to exert their independence and make their own decisions. As senior year progresses, teens should move toward independence and parents should relinquish control and trust their teens to act as they have been taught over the last 18 years. It’s not easy, but the ideal situation is parents guiding their teens to become independent, self-advocating adults.

Using College Cost Calculators

college cost calculators

With many students overburdened with debt after graduation and parents stretching to pay for college beyond their ability to repay, it makes sense to plan ahead and know your options before making a decision about college. The College Board at FinAid.org provides parents and students with several different college cost calculators to help families plan for college costs.

The three most commonly used calculators are as follows:

College Cost Projector

Since college costs increase at about twice the inflation rate, this calculator helps project how much college will cost when you are ready to enroll. In order to calculate the costs, you would enter the current costs of attendance and the number of years until attendance. The calculator then projects the estimated cost.

EFC (Expected Family Contribution) Calculator

This form is used to calculate the financial need which is used by colleges to determine the financial aid package. It calculates the need for a single year and helps you know in advance the amount colleges will expect you to pay toward your college education. This figure will also determine the amount of financial aid you receive.

Loan Repayment Calculator

This calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them. Students should always calculate the loan repayment amounts before taking on loans that they are unable to repay upon graduation. Once calculated, this tool gives you an estimated annual salary needed to afford repayment.

FinAid.org also offers many more calculators that can help you plan and budget for college. Here’s the extensive list with links:

Costs

Savings

Integrated Saving/Borrowing

Trust Funds

Needs Analysis

Loans

The Loan Discount Analyzer combines, enhances and replaces the Loan Analyzer and the Loan Discounts.

Loan Default

Peer-to-Peer Loans

Budgeting

Award Letter Comparison

Insurance

(Privacy guarantee: None of the information you enter in these calculators will be saved, and no record of your sessions will be stored anywhere.)

It is always wise to know your college costs before you make a college choice. Knowing these figures also helps you when evaluating financial aid packages and comparing the various offers from the colleges you are considering.

3 Ways to Take Charge of the College Process


Many times, students and parents just “let the college decision happen”. They automatically assume that once they make the decision to attend, they will be able to get in somewhere, even if it’s a local community college. You should take charge of your college process and make it your “job” to find a place where you can get a college education that is worth the money.

1. Establish relationships

Start early establishing those relationships that will help you in the college admissions process. You will need recommendations from teachers, counselors and even business professionals. You should also make contact with admissions personnel at the colleges you are considering. These relationships will cement your desire to attend their college and keep your name at the forefront of their minds when they receive your application.

2. Choose to choose

Don’t let the college decision happen. Make a decision to choose the colleges. Take control of the process from researching, to visiting, to applying, to final acceptance. It’s up to you to evaluate your financial aid awards and determine the best value. You don’t want your college education to be an “impulse” buy.

3. Be wise about funding

Part of taking charge of the process, is taking charge of the funding. Know what your budget is and what you are willing to spend. Don’t bury yourself in debt. Look at the repayment calculators and evaluate your earning potential upon graduation. Don’t take the “I’ll-think-about-that-when-I-graduate” approach. Most importantly, fill out the FAFSA (Free Application for Federal Student Aid) because this qualifies you for government grants, loans and college merit aid scholarships.

If you follow these simple suggestions, you will be the one in charge of your college search. Don’t leave the process to fate, luck or someone you don’t even know. It’s your future. It’s your decision. It’s your education.