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Posts about Cost Of College

Financial Literacy 101: Avoid becoming a “bad debt” statistic

In June of this year, CNBC reported that “36% of U.S. college students say they already have more than $1,000 in credit card debt.” For those of you who remember your SAT conversions, that’s over a third of all American students.

One cause for this startling fact may be that few educators are bothering to prepare future collegians to assume fiscal responsibility. In an article for Forbes, Mark Avallone reveals that “only 17 states require that high school students take a course in personal finance.”

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Posted in Educational Trends, Paying for College, College Admissions, Cost of College, Financial Aid

Saving for College in 2018: An Update on Tax Treatment of 529 Plans

What is a 529 plan, and how can it help you and your college-bound student?

According to the Internal Revenue Service, a 529 plan is “operated by a state or educational institution, with tax advantages and potentially other incentives to make it easier to save for college and other post-secondary training.” (See 529 Plans: Questions and Answers | Internal Revenue Service)

In 2015, A+ published an informational article on the benefits of 529 plans for Pennsylvania residents, specifically in relation to state and federal taxes. We thought we would revisit the subject to see what (if anything) has changed in the last three years.

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Posted in Paying for College, Cost of College, Financial Aid

How Much Does Private College Cost? Perhaps Less Than You Think

When deciding which colleges to apply to, many parents and high school students never consider private schools because they fear they won’t be able to afford the higher tuition. Cost often plays a big part in which schools a student applies to; specifically, it may turn some students away from applying to private colleges and universities that would otherwise be an excellent academic fit. In reality, though, a college’s “sticker price” may not accurately reflect your required financial contribution. So, don’t take private schools off of your student’s college list just yet.

The Higher Education Opportunity Act of 2008 was designed to help families calculate a more accurate estimate of how much college costs by requiring colleges and universities to include net price calculators on their websites. A net price calculator asks families a few questions, then shows an estimate of their tuition payments once financial aid is included. The College Board published a report in 2013 that showed on average full-time undergraduate students at private four-year schools actually pay less than 50% of the published tuition price.

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Posted in Paying for College, Cost of College, Financial Aid

Paying for College

The following is a guest post from our friends at Clarifi College. 

When it comes to college planning, getting in is only half the battle. One of the biggest challenges facing families is figuring out how they will be able to afford their child's college education. Specifically, many families find themselves in a position of uncertainty as to how much aid colleges will offer and how much tuition they’ll have to come up with on their own.

Understanding how to navigate the financial aid process can be time-consuming and, for some, a bit overwhelming. For families who don’t understand their options, they can find themselves taking on more debt than they expected and ultimately facing an unmanageable amount of college debt.

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Posted in Paying for College, Cost of College, Financial Aid

The Real Cost of College: Are Elite Colleges More Affordable than Assumed?

Figuring out the real cost of college is not an easy task for students and families. Though most universities have adopted some kind of a net price calculator to help students estimate college costs, many times families tend to only see the “sticker price” of the school.

According to David Leonhardt’s New York Times blog post, “Getting a Clearer Picture of College Costs,” many students have a better chance affording top tier colleges than realized due to false assumptions of college costs.

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Posted in Paying for College, Cost of College, Financial Aid

April 2013 Newsletter

In This Issue:

Courtney Turnbull
Lower Moreland HS
SAT Score Improvement:
250 Points

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Posted in Test Preparation, News, Cost of College

Financial Aid Keeps Up With Rising Tuition

According to the College Board's 2010 “Trends in College Pricing” and “Trends in Student Aid” reports, fast-rising tuition costs have been accompanied by a huge increase in financial aid, which helped keep down the actual amount students and families pay. For more information, see the New York Times Article, and the College Board's Trends in Higher Education website.

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Posted in Educational Trends, Paying for College, Cost of College

Colleges Provide Additional Help Determining Cost of Attending

The Higher Education Opportunity Act of 2008, passed in August of that year, requires colleges to provide a 'Net Price Calculator' on their websites by October 29, 2011. What this means for families of students applying to college, is that they will now have the ability to determine the actual cost a student will incur if they decide to attend a specific college. Whereas in the past, many families would just consider the "sticker price," the published cost of tuition, fees, books, housing, etc., now they should have a more realistic idea of what they will actually have to pay for college, after all aid has been calculated into the price.

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Posted in Paying for College, Educational Reference, Cost of College

Successful College Savings

Saving for college is a necessary, but scary responsibility. This is especially true in these tough economic times. Most experts agree though, on the most important elements of a successful plan:

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Posted in Paying for College, Cost of College

Why Private Colleges Might Not Cost As Much As You Think

According to Nancy Oliver Gray, president of Hollins University, a women's liberal arts college in Roanoke, Virginia, private college might actually turn out to be a bargain. How so? Here are some of her reasons:

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Posted in Educational Reference, Cost of College, Financial Aid

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