Debt from college tuition has skyrocketed over the last several years. Parents and students are weighing their ROI (return on investment) before making their college choices. As college costs have shot up, so has student debt. How can you pay for college without incurring debt?
According to the latest Quarterly Report on Household Debt and Credit, outstanding student loan debt stood at $1.58 trillion in the fourth quarter of 2021, an $8 billion decline from the third quarter. About 5 percent of aggregate student debt was 90+ days delinquent or in default in the fourth quarter; the lower level of student debt delinquency reflects a Department of Education decision to report current status on loans eligible for CARES Act forbearances.
That’s the bad news. But if you’re a savvy consumer and research the costs before signing on the dotted line, you should be able to go to college without incurring debt. Zac Bissonnette, author of DebtFree U, is proof that it can be done. He graduated from college with zero debt.
Believe it or not, you may be able to graduate without debt if you use these 10 ways to pay for college:
For seniors who applied regular decision, March brings those long-awaited college decisions: deferred, accepted, rejected, and waitlisted. One knowledgeable college counselor once told me, “I don’t like to call these letters of acceptance. I use the term—offers of admission.” As a parent, I like that distinction. This alternative wording makes it easier to stomach those not-so-pleasant responses and help your college-bound teen work through the gamut of emotions that come when decisions arrive.
Your student may be the one receiving these communications from the colleges, but you feel every emotion they do from failure to excitement and everything in between. But unless you understand what each term means, it’s hard to know how to help your student (and yourself) with appropriate responses and proper action.
Senioritis is a disease contracted by most high school seniors. Its onset might be hard to recognize because it starts innocently. But once the disease has taken hold it can have a devastating effect on your senior’s future college aspirations. As with any disease, knowing the symptoms is the key to an early diagnosis and treatment.
All kidding aside, however, senioritis is a very real problem for most students, especially if they have already been accepted early decision or early action. They are coming into the home stretch and it’s only natural for them to try to rest on their laurels, so to speak. But every parent needs to be vigilant and act to stop it before it’s too late.
A parent’s job is to raise children who can function independently in the adult world. But getting them to that stage can be a challenge. In the modern age, we don’t have a rite of passage, so to speak, so young people often coast into adulthood, without actually ever getting there. What’s more, there are more pressures on mental health than ever before.
North Kansas City Schools highlights the issue in full. It points out that kids’ mental health was bad before the pandemic because of things like substance abuse, depression, bullying and exam stress. COVID-19 has made that worse by adding to the angst and fear. For many kids, restrictions have been in place for as long as they can remember, and they are wondering whether it will ever change.
Parents, though, don’t have to sit idly by and watch their children’s mental health deteriorate. Instead, they can take action right now. Here’s what to do:
This may seem like an odd topic to introduce on a parenting for college blog. But it must be said. Sometimes college just won’t do. If you are one of those parents whose child isn’t thrilled with the prospect of college, I’m here for you. Not every child should go to college—there, I said it.
No college doesn’t necessarily mean your child is stuck in a low-paying job for the rest of their life. They have options. These options can provide your child with a bright future and many who pursue these paths often outpace those who went to college.
It’s that time of year. Students who applied ED and EA have already heard from the colleges regarding their admission decisions. Students who are applying regular decision will be sending off those applications this month and hearing early in the spring. What happens next?
Colleges will provide your student with one of four responses: offered admission, wait-listed, deferred, or not offered admission. Today, students hear as the notices are posted online. The days of waiting for the letter are over. We live in an instant gratification world. You can expect, however, for your student to be hitting that computer refresh button on the day notices are posted!
Grandparents are a fantastic resource for college-age students. They have a wealth of knowledge that allows them to provide perspective as young people go through education and get professional careers. But the benefits go beyond this. Grandparents tend to have a greater perspective on life that allows them to put everything the student does into context.
In this post, we take a look at some of the reasons why grandparents make great mentors and how you can use them.
Most parents these days would expect their child to go to school, college, and possibly study at a university as well. In most cases, college or even high school is enough to go out, get a job, and find something that they really want to do. After all, they have plenty of time to go to college or university afterwards if they really wanted to.
But as parents, we tend to focus a lot on planning for the future. We like to think about what our children might want from life and we try to make arrangements so that they have all the support and assistance that they’d need. But even then, things might not go as planned. Unexpected circumstances might occur, and there are some unfortunate situations that might strike before your child can even finish high school.
So in this, we’re going to talk about planning for the unexpected. Plans that last for several months or even years can go terribly wrong, which is why it’s important to be prepared for unforeseen circumstances.
You can’t dispute the facts. Statistics tell a story. You can use the numbers to get an overall picture of things, evaluate goals, and learn from the trends. College admission statistics and facts are no different. They tell us about college trends, college student behavior, and the future of college graduates.
The following are 12 facts about college. Will you be surprised?
75 percent of high school seniors are accepted to their first-choice colleges, but less than 57 percent can afford to attend. Although students are often accepted to their first choice colleges, they are unable to attend due to financial constraints, especially this year due to the pandemic. This means it’s critically important to investigate the college’s financial aid awards before you apply. Do they offer merit aid in the form of scholarships and grants? What percentage of accepted students receives college-based financial aid? What is the average financial aid award?
Many students struggle in the first few weeks and months at their new college, and if that’s something that you’re experiencing at the moment, you’ll want to move past that phase as quickly as possible. So what can you do to settle at college more quickly? That’s what we’re going to explore now, so if you’re looking for answers, you’re in the right place. Read on to find out more.
Make Like-Minded Friends
First of all, you should think about how you can meet new people and make new friends. That’s what college is all about, and making like-minded friends who you have things in common with will make you feel much more settled in your new environment. It gives you people to discuss things with and to support you with any struggles you might be having.
Join Clubs and Organizations
If you haven’t done so already, you should definitely try to join clubs and organizations that are operating in your college. This is a great way to meet new people and find new interests as well. You can explore a range of clubs and societies until you find the ones that offer the most to you in terms of hobbies, activities and social opportunities. All of those things matter a great deal.
Embrace the College Culture
Embracing the culture of the college and really throwing yourself into everything that the college stands for is key. You can visit the school spirit shop, rep the merchandise and be proud of the fact that you’re studying at your college. When you feel invested in the institution itself, you’ll find it easier to settle because you’ll feel at home at your new college.
Find Time to Study
Of course, you’re going to need to find time to study as well. When you’re at college, you need to focus on the academic stuff as well. This matters because you’ll find it even more stressful and even more difficult to settle if you start to fall behind with your course and your studies. That’s not what you want to happen, so make sure that you find or create the time to study and keep up with any necessary reading.
Establish Healthy Routines
Routines are really key when you’re at college, and they’re vital when you’re trying to adapt to a new situation or environment too. So, take the time to create and establish some healthy routines that you can stick to going forward. That will provide you with structure, and that’ll definitely assist with your efforts to settle and feel more at home in your new surroundings.
Settling in college when it’s all brand new to you can be pretty tough, but it can be done. Even if you’ve been struggling to settle, with the right steps and a little time, you’ll be able to feel at home. Make the most of the advice above and make the most of your college experience.
