If parents of children applying for financial aid for college are divorced, the FAFSA form is filled out by only one parent. Which parent fills out the report is based on two factors:
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The Econmist recently quoted Kevin Carey: “…if the lifetime wage premium for a college grad is a million dollars over 40 years, then how much is four years of college worth today? Answer: about $300,000 or so. That’s $75,000 per year…”
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Get ready! Common App 4.0 is on its way.
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Guidance counselors have all kinds of advice, but here are some areas you should be picking their brains for.
Last year high school guidance counselors from across the country were asked what schools they like to recommend to their students for the best undergraduate education. These are some of their rankings. (5 is the best ranking.)
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Most financial aid for attending a U. S. college is restricted to American citizens and green-card holders, and most financial aid packages are based on federal taxes paid in the U. S. However, there is financial aid available to international students who want to attend a college in the United States.
In the spring of 2012 MIT will be launching MITx, a new online learning initiative. MITx will be offered on an interactive platform that will allow for student-to-student communication and for online labs. Now anyone can now take course work from MIT.
Colleges are beginning to offer both courses and degree programs in the fastest-growing career opportunities for the future. Maybe you should e thinking about these kinds of college degrees.
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A recent Congressional agreement will maintain the Pell Grant maximum at $5,500. This is good news, but there are some down side for the Pell.
Harvard and Princeton have just reintroduced their Early Action (EA) programs for the class of 2016. As a result their EA applications have soared. Harvard’s EA applications, for example, are up 5.9% from 2006 when they last had EA.
Other schools that have had EA or Early Decision (ED) have seen some decrease in applications: Yale’s ED applicants are down from last year by 18%, Columbia’s are down by 6%, and MIT’s are down by 4.7%.
Overall, however, ED/EA applicantions are up, especially for schools that have Non-Binding EA or ED. Students who have their credentials in order are happy to apply early but don’t always want to commit to a school before hearing back from most of their applications.
Other schools’ EA/ED applications are up: Cornell is up 3.7%, Dartmouth’s is up 5.5%, and Brown’s is up 5/5%.
In the past schools have accepted, on average, somewhere between one-quarter to one-third of their Earlty Action or Early Descion applicants.
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