Tag Archives: college costs

college costs, financial aid, financial planning

Navigating Net Price Calculators

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Net price calculators


Before your student applies to any college, it’s important to understand the cost of attendance as it applies to your family’s financial situation. Many disappointments can be avoided if this is the first step before applying to any college. We made that mistake with my daughter and although she got into her first-choice college, we simply could not afford it. If we had been realistic about the cost, we would have discouraged her from applying and steered her toward more affordable options.

With the rising costs of higher education, understanding the true financial implications of attending college has become increasingly crucial for students and their families. Net price calculators, often available on college websites, offer valuable insights into the actual cost of attending a particular institution after factoring in financial aid and scholarships. Here’s a comprehensive guide on how to utilize these calculators effectively:

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college costs, financial planning, scholarships

UVM to Offer Scholarships and Cash Prizes in New Pitch Challenge for High School Students

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UVM is excited to announce the Vermont Pitch Challenge, a new entrepreneurial-focused competition that gives high school students in grades 10-12 from across the world a chance to pitch innovative and impactful business plans–all while competing for cash prizes and full-tuition scholarships to UVM. The new program is free to enter and offers young students a unique opportunity to learn from UVM faculty and alumni as well as top entrepreneurial experts about how to write a business plan, create a compelling pitch, and achieve their ultimate career goals.

The Vermont Pitch Challenge gives high school entrepreneurs from across the globe the chance to pitch innovative businesses that make a difference in their communities. Along the way, participants will learn from top experts during monthly webinars about how to write a business plan, create a compelling pitch, and achieve their goals–all while competing for cash prizes and scholarships to the University of Vermont. Learn More.

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college costs, financial aid, financial planning, merit aid

Navigating the Path to Merit Aid

merit aid

As the cost of higher education continues to rise, pursuing financial aid has become a crucial aspect of the college application process for many students and their families. Merit aid, awarded based on a student’s achievements and abilities rather than financial need, can significantly alleviate the financial burden associated with attending college.

Both my children received merit-based aid because of their academic performance. The best path to this type of aid is to focus on academics. Start when your child enters high school by stressing the importance of a strong academic performance.

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college costs, financial aid, financial planning, parenting

How Much Should Parents Contribute Toward the Cost of College?

cost of college

There isn’t any definitive answer to how much parents should contribute toward the cost of college. Some feel it’s the parent’s responsibility to pay for the entire cost. Others feel that the student should participate financially. And still, others believe the student is responsible for securing the loans, grants, and scholarships themselves and the parents should not invest. Of course, there are always those situations when the parents, no matter how much they would like to help, are unable financially to contribute.

No matter which group you fall into, there are some important facts you should know about financing your student’s college education.

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back to school, college costs, college planning

Back to School: Preparing for Upcoming College Expenses

back to school

For the next several days, I’m going to be sharing some Back to School tips for parents. These tips will be for current high school parents and those parents whose students are heading off to college.

Today’s tips are for parents of current college students, especially those who are heading to college for the first time.

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financial aid, Scholarship Friday, scholarships

What Are the Odds of Winning a Scholarship?

winning a scholarship

Over 1.7 million scholarships are awarded annually; however, only 7% of college students will receive a scholarship. On average, first-time undergraduates who receive government grants and scholarships at a 4-year college receive about $14,890 annually. On average, a student who receives a scholarship or grant at a private 4-year college will receive $8,005 more than a student in a public 4-year college.

That sounds depressing and you might ask what are my odds of winning a scholarship, but all hope is not lost. Many students and their families have applied for scholarships and used them to pay for college. But, you need to know the facts.

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college costs, college guidance, college planning, financial aid

How to Pay Less for College

pay less for college

If you’re a parent of a college-bound teen, you know the stress this adds to your family. If you are like most parents, the money you saved for college has not kept up with the increase in tuition. If your son or daughter isn’t one of the ones who snag a full ride, you are going to be looking for ways to cut those college costs.

Here are just a few tips that might help you pay less for college:

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college costs, college planning, financial planning

5 Reasons why College Costs So Much

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college

There is one thing you can be sure of in life: college tuition will rise every year. Prices rise and fall all around us, but tuition never seems to go down.

College tuition prices are a lot higher today compared with two decades ago. For instance, the average cost for tuition and fees among ranked public and private National Universities – schools that are often research-oriented and offer bachelor’s, master’s and doctoral degrees – has risen significantly since 2001, according to U.S. News data.

From the 2008 edition of the U.S. News Best Colleges rankings to the current 2022 edition, in-state tuition prices among public National Universities grew by almost 79%. Experts say state schools have typically had more room to increase tuition levels compared with their private counterparts, and finding a bargain price at the state level is becoming harder.

The economic downturn resulting from the coronavirus pandemic may also affect tuition costs in the years to come.

In just comparing the 2020-2021 school year to the current 2021-2022 academic year, tuition rates at both private and public National Universities have increased by at least 2%, according to U.S. News data.

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college costs, college housing

Saving Money While Living Off campus

saving money

Have you been thinking about some of the things that you can do when it comes to saving money while living off campus? There are plenty of options here that you can consider. In this article, we’re going to be looking at a few tips that will always help you to save money when it comes to your off campus home, so keep reading down below if you would like to find out more. 

Grocery Shopping

The first thing that you are going to save money on is your grocery shopping. If you are only ever buying named brands, why? Have you tried the cheaper alternatives? A lot of them taste just as good as the larger brands as they are made from the same things. We’re of course, not saying that this is always true, but even if there is a little taste variation, there is a huge price variation. The last thing that we want is for you to be spending money unnecessarily when there are cheaper options that you do actually like. If you try the alternatives and decide you don’t like them, that’s completely fair enough, but you have got to try them first. 

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college costs, college planning, financial planning

10 Ways to Save Money in College

save money

College is expensive. However, college students tend to take a casual attitude toward spending; hence they waste money in college. After tuition, room and board, students often find themselves tapped out and living on ramen noodles. But it doesn’t have to be that way. Students can save money by making wise choices and being cognizant of their spending. 

Following are 10 ways to save money in college:

1. Create a budget

Any smart spender creates a monthly budget, especially college students who have limited discretionary funds. Even if you’re being subsidized by your parents and have a work-study job for expenses, it’s smart to watch your spending. Pizza and fast food delivery can add up.

2. Take on a job

If you qualify for financial aid, most colleges will offer work study. This allows you to work on campus during school and use that money for college expenses. Even if you don’t qualify, get a job while you’re in college. Not only will it subsidize your spending but studies show students who work in college get better grades.

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