Choose the Right College Before Tackling the Financial Aid Form

An article the other day in the New York Times highlights the pain of applying for financial aid.  Entitled “The Big Test Before College,” the article raises the issue of whether the intimidating form actually does what it is supposed to do:  measure a family’s financial need.
While we all love to hate these “means tests,” it’s hard to conceive of a way to simplify this process too much.  Furthermore, one must remember that the FAFSA is later interpreted by individual colleges as they decide how much aid to give to families.
The FAFSA (or its eventual replacement) will churn out the “Estimated Family Contribution” (EFC).  But colleges–especially private ones–will always have the power to decide whether to meet full financial need, and with what financial instruments (grants, loans, work study, arm, leg, promise of first born, etc.).
Thus choosing a college carefully before applying is essential.  Too many families encourage their children to apply to whatever college they like, with the promise, “don’t worry, honey, we’ll figure out how to pay for it somehow.” The result is anxiety, disappointment, and a complete surrender of control to the college admissions and financial aid offices.
It doesn’t have to be this way.  With some careful planning, honest appraisal of financial priorities, and open communication within a family, students and parents can find the colleges that will be more likely to meet their financial need, and ensure that the student receives an excellent undergraduate education.

Hermione Granger's College Search: From Hogwarts to the Ivy League?

Actress Emma Watson is embarking on a new adventure:  the college search.  Apparently she is considering a liberal arts degree from one of the Ivies.  She was spotted this week visiting Yale University, Harvard University, and Brown University.


While it was difficult for her to maintain a low profile amid the throngs of Harry Potter fans on each of these campuses, she tried her best to blend in during her visits.


Wherever she Watson ends up attending, all the rest of those college-bound seniors can take solace in the fact that even the best witch in secondary school cannot magically pick the right school for herself [there’s no Sorting Hat for colleges, unfortunately].  Hermione needs to pay a visit and learn which school fits her best.


Mark Montgomery

College Counselor

Colleges Like Boys Better Than Girls

Sixty percent of college students in America are women; men go to college in fewer numbers.  Some campuses are content to reflect this gender gap, but many are not.  Most strive for a balance of men and women on their campuses.


The result:  boys are favored in the admissions process, sometimes with a 10-20% better admit rate than women.


While we wait for the lawsuit that will reverse this advantage (remember that affirmative action programs based on race are under fire by the courts), we do well to keep this in mind.


US News & World Report did a quick video on the gender gap that focuses on the College of William & Mary and the University of Richmond.


Mark Montgomery

College Counselor of the Male Persuasion


Emerson College–One Woman's Story

Periodically I ask friends, colleagues, and acquaintances about how they chose the college they attended. Each story is unique, and I think they help provide some perspective to today’s high school students (and their parents) on what is important in the college selection and admissions process.
Today’s story is from Laura Zurowski, who struggled to decide between a “more reputable” college and one that seemed to offer her more of what she really wanted. She followed her instincts, and was ended up quite happy with her decision. Here is her story in her own words.
I remember very well how I chose my undergraduate alma mater. This was back in 1985 when you *maybe* applied to 3 colleges. I applied early admission to Syracuse and Emerson and was accepted at both. The price was comparable, Syracuse (at the time) was a clearly more competitive, better rated school but I decided on Emerson because I wanted the small class size, the urban environment, and the kids with the weird looking hair.Emerson College Little Building
Syracuse was WAY too athletic for me – and I didn’t want to be stuck on a “campus.” I felt zero connection with the facilities at Syracuse whereas Emerson’s buildings in the Back Bay of Boston (where the school was located at the time – now their buildings are primarily in the downtown theatre district) totally entranced me.
My parents weren’t thrilled with my choice, but they supported it, and in retrospect it really was the best place for me at that time in my life. Emerson supported my creativity, fostered divergent thinking, and had excellent connections for internships – all of which I took full advantage of. These days, Emerson is so much more competitive and well known than it was when I was there, so I received excellent ROI for the degree.
🙂
Laura found the college that “fit” her, and she had the courage to turn down one that was considered more prestigious or reputable. She was able to find the place had the sort of students she wanted to hang around, that provided the sort of environment she was seeking, and that nurture her creativity. In the end, she found great internships. And despite her parents’ doubts, she even has a satisfying, well-paid job!
The point is that you cannot listen to others in this process. In seeking the right college, you have to be true to yourself. You have to think carefully about the factors that you consider most important. And then you have to systematically searching for the colleges that satisfy your criteria.
Some people, like Laura, are able to do this process on their own (and as she says, it was a different world in 1985!). But some students need a bit of help in identifying their search criteria and then finding the colleges that fit.
If, like many people, you need some help in this process, you might consider hiring a professional to guide you through the process.
Mark Montgomery
Great College Advice

If you liked this post, you might want to look at others in this series, including articles from folks who went to Harvard, Dartmouth, University of Pennsylvania, University of Rochester, University of Portland, Cornell College, and New York University.
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College is an Investment: Choose Wisely

If you’re like most parents, you’ve begun saving money for college. You know what a huge investment college can be.
But have you thought about about the investment in choosing the right college?
Consider these facts:

  • A college education is the biggest investment a family will make, aside from a home.
  • The cost of attending an in-state college is now well over $100,000.
  • The cost of a private four-year college can easily amount to $250,000.
  • Most students take MORE than four years to graduate, so plan on at least 4 1/2 to 5 years of tuition payments.

Add to these facts another, sobering statistic: almost half of all students entering college either drop out or transfer to some other institution.
Moreover, families can save considerable amounts of money if they take more care in choosing colleges that are more likely to award their student merit-based financial aid.
So it makes sense to invest in choosing the right college.
More and more families across the country are turning to professional advisers to help them in choose the right college. The Independent Educational Consultants Association (the IECA, of which I am an associate member) estimates that 22% of students attending private, four-year colleges have had some sort of professional assistance in the admissions process. Closer to home, a college counselor in a premier district in Colorado estimates that at least 25% of its student body hires a professional educational consultant.
So as you consider whether it makes sense to invest in hiring me to help map out your college journey, ask yourself these questions:

  • Do you seek professional advice to help you manage your other investments?
  • Did you buy your house without the assistance of a real estate broker?
  • Do you get legal advice from the internet or books you pick up in the bookstore?

My fees are a tiny fraction of what you can expect to pay for a college education. An investment in the college selection and admission process will pay off in terms of:

  • dollars saved
  • headaches avoided
  • student’s happiness on the college campus
  • student’s academic success
  • peace of mind

So if you’re ready to invest in choosing the right college for your student, give me a call or send me an email today. I’d be happy to talk to you personally about how I can help you and your student invest your educational dollars wisely.
Mark Montgomery
Independent College Consultant
720.279.7577

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More on Picking the Right College: Large Universities like VCU

I visited Virginia Commonwealth University (VCU) last week. It’s a large, public university in a dynamic, urban environment. Some students crave this sort of bustle and excitement. I enjoyed my time on campus, learning especially about its life sciences (a.k.a. biology) and arts programs.
Listen to how important it is to find the right college match–no matter your test scores or grades or interests. There is a college out there that is right for you.

Mark Montgomery
Montgomery Educational Consulting