Underclassmen: What are the top 5 Myths about Paying for College?
Shelly Humbach • January 23, 2020
Here are 5 myths about paying for college that counselors often hear. Don’t fall victim to these myths!
1. My family makes too much money to qualify for financial aid.
This is one of the biggest myths out there. You may not qualify for aid at one school, and qualify for lots of money at another school (see blog How Do You Get Money for College?)
2. It costs more to go out-of-state than to stay in-state.
Not so. With increased tuition rates in many states, it is not always cheaper to stay in-state. There are out of state tuition waivers available for many students. Also, colleges offer scholarships to students for athletes, scholars, certain majors, leadership, and other categories. Don't narrow your list of colleges to just in-state schools.
3. It costs more to go to a private school than a public school.
Not necessarily. Each family situation is unique and you may find it will cost less for your family if you attend a private school. See blog: Can you Pay Less to Go To A More Expensive College? for Jack’s story of paying less at Dartmouth than CSU Los Angeles.
4. Outside scholarships help reduce what you pay out of pocket for college.
Not true. Scholarships don't necessarily reduce your family’s out of pocket expense unless you pay the full cost of college out of pocket. Scholarships are part of your financial aid package. Colleges may subtract outside scholarships from their own merit awards, or from your student loan/work study allocation. Ask colleges for their policies. This is why it is in your best interest to explore your choices for college. Find one that best fits your situation and needs.
5. Financial aid only helps with tuition.
Financial aid is available to pay for ALL college expenses: tuition, room and board, books, transportation, and personal expenses. Colleges realize you need to buy toothpaste and have a pizza now and then. Financial aid can apply to all of these costs.
In June, I hosted my annual Senior Essay Writing Workshop. This was the first in-person workshop since 2019. I bet you can guess why. I was elated to meet my students face-to-face after months, even years, of connecting through the screen. Imagine my surprise at their height, super-smiles, and warm laughter. Dang, it was wonderful. So, essentially, all my in-state seniors gather at my house for a three-hour intensive workshop on crafting a killer college essay. As I was preparing for the event, it occurred to me that I might be in competition with their PHONE. Classic directness (this is probably a character flaw) led me to inform my students and their parents, in advance, that this would be a no-phone gathering. My messaging went something like this, Important: Phones are placed in a basket at the door and retrieved at noon. No exceptions. Parents: If you need to reach your student during the workshop, text me directly at **********. Now, I am fully on board with the phone-free movement. I support it, advocate for it, and live it (I brilliantly quit all personal media last November). And I thought: my event, my rules. I was a little concerned about how this announcement would land. Turns out my concern was mainly about the parents. The kids? Not so much. In fact, research indicates that students crave phone-free learning environments. Suffice to say, the workshop was a smashing success. Not a single student pushed back against the policy. One poor soul forgot to retrieve her phone and left it sitting all alone in the basket. Not to worry, though. She didn’t get far before turning back to grab it. Here’s the truth: We don’t have to bow down to every technological whim or societal pressure. As adults, we know the phone is a problem, and it’s our job to foster healthy, happy individuals. So let's keep this momentum going. As Maya Angelou wisely said, “When you know better, do better.”
I work with incredible colleagues; collaborative, smart and supportive. They make me better and I am deeply grateful. Every year, Jennie Kent and Jeff Levy of Big J Educational Consulting share invaluable information regarding college admissions. Their research is impeccable and accurate and provides crucial data to help students and families make informed college decisions. Read on, share broadly and give a shout out to these generous professionals! Early Decision and Regular Decision Acceptance Rates Class of 2028 Domestic Undergraduate Need-Based and Merit Aid Class of 2028 In-State and Out-of-State Acceptance Rates Class of 2028 Financial Aid for International Noncitizens Class of 2028 International Noncitizens Acceptance Rate and Yield Class of 2028 Percentage of Students Submitting SAT and ACT Scores Class of 2028 Athletic Divisions and Conferences (partial list) Class of 2028 - NEW! These charts are visual, interactive, and easy to use. They make it possible to instantly sort using any column's metrics and to easily compare subsets of colleges. They are free and can be accessed at www.bigjeducationalconsulting.com/resources . From Jennie and Jeff: We hope you find these resources helpful in your work guiding students. Please feel free to share them broadly as long as they remain in their original unedited form. Permission is not granted to those charging a fee for their distribution. If you find an error after cross-referencing with an institution's Common Data Set, please contact us at info@bigjconsult.com . Thank you!
The Power of Paying Attention
Parents: Before Your Student Launches, Get These Legal Docs in Place
Is Your Student Ready For College?
Wait for it……they should be having fun.
"The Common Application, often referred to as The Common App is an online platform that facilitates the college application process for students."
"The AXS Companion provides step-by-step guidance, tips, and expert advice to help you tackle every section of the Common App with confidence."
Navigating Financial Aid can be a confusing process. Make sure you understand the financial terminology before entering the lengthy process of applying for scholarships and financial aid. Learn more in this comprehensive guide.
In the Spirit of - More College Admissions Fun - Let’s talk about Deferrals