The Salary Lowdown: 2010 Grads Expected to Earn Much Less

Since the job market first took the plunge, new college graduates–and even new college freshmen–have worried about the effect it will have on their future careers. Last year, with the floundering economy and the job market growing fiercely competitive, many students became more concerned about finding a job than about what a job would pay.
As with [...]

Dartmouth’s Free-for-All Tuition Plan Scrapped

The elite private universities have often been forerunners when it comes to offering generous financial aid packages. In fact, back in 2007 over a dozen schools–including Dartmouth, Amherst, and Harvard–committed to fully-funded (loan free) tuition packages for students under certain income levels.
Many of these schools have reportedly doubled (or even tripled) their financial aid offerings over the [...]

Private Colleges Make Big Cuts in Unexpected Places

It’s no secret that private colleges are feeling the pinch this year, and with financial aid and student services serving as important recruitment and retaining tools for their attendees (and a source of income), many schools are having to make tough decisions.
Snip, Snip
Wondering where all your college tuition payments go?
A new survey released by Yaffe [...]

Recession Halts “Need-Blind” Admissions Practices

Once upon a time a straight-A, former ASB president who needed a high amount of scholarship money might have been admitted over a B-average student with a plentiful college fund; but the current recession has, for some colleges, meant choosing money over student-desirability.
Fair Weather Friends
Before the economy began to slump, many colleges tried to admit [...]

Career v. Debt: Exploring a “Major” Decision

As of 2005, nearly 80% of college students entered school with an “undecided” major, according to the founder of MyMajors.com, and the problem hasn’t gone unnoticed. Colleges across the country have published web articles about choosing a major, and if you type “undecided college major” into Google, you’ll come up 654,000 responses. Yikes!
So, is it [...]

New Website Says “Bill My Parents!”

With summer upon us–and those last months of preparing college-bound students ticking away–many parents are thinking long and hard about how to begin teaching their children how to cover their own expenses.
Last month I shared my thoughts about whether or not parents should be footing the bills for their college-graduate children, but what about students [...]

New Polls Show Economy Really Is Affecting College Decisions

For months now we’ve been hearing college admissions officers share their worries that the economy could mean big changes in the way students choose a college–now we are finally see these fears begin to come to fruition.
Changing Attitudes
May 1st is the final day for incoming college freshmen to accept admission to their schools of choice, [...]

Changing Economy Changes College Plans

A new survey released by Eduventures shows that at least 1/3 of families with college freshmen expect the recession to affect their financial plans to pay for college. The incoming college class of Fall 2009 faces a harder economy than we’ve seen in decades, and unfortunately it seems to be seriously changing the face of [...]

Working with Financial Aid Officers

There’s no getting around it–times are tough–and families with college-bound students are really feeling the pressure. As parents we want to help support our children, but with the inescapable and constant news about the failing economy, it is hard to see the light at the end of the tunnel.
Updating Outdated Information
Many of you are in [...]

Government Pursues Unpaid Student Loans

Further proof that student loans can haunt your child long after their education has ended: this month the United States government has filed suit against numerous student loan holders who have yet to pay their debts, including some who took out their loans in the 1980’s (before some of our children were even born!).
Claiming Unpaid [...]