March 6, 2007

Must do: Campus Visits

Lots of high school juniors (and some sophomores) take advantage of spring vacation to visit schools. I have some friends who drove all over the northeast to visit as many schools as they could in one week. Fortunately for us my son was only interested in in-state schools, but I foresee some serious travel when his brother starts looking.

Many schools have open houses or some other type of special programs for high school students this time of year. If the schools you're interested in don't, call the admissions office and set up an appointment- that's what they're there for!

Some people like to arrange interviews at this time, but I don't really see the point, unless your student is pretty sure he or she wants to attend that school. It's true, though, that it certainly couldn't hurt to make the admissions folks familiar with your kid's name!

While on campus, collect as much information in the form of old-fashioned paper as you can. I found that having a large file box with individual folders for each school we visited helped quite a bit. When we got home we'd dump all the paperwork we'd gathered into the appropriate file, then my son would go through it all at his leisure. And don't forget to grab a copy of the student newspaper. It can give you a great idea of the general pulse of the campus.

When you tour the campus you'll meet students who have lots of school spirit. You'll marvel at their ability to walk backwards while spouting trivia. You'll probably visit the new arts building but be told you can't see the classrooms because classes are in session. Don't be afraid to ditch the tour briefly and peek around a bit on your own, though. Are students taking advantage of the WiFi access in common areas, or the state of the art gym? Ask if you can visit the freshman dorms, which are always more old and run-down that the upperclass dorms typically shown on campus tours. Don't be discouraged by construction noises, but don't be misled when they say that construction will be done by next year. There's always something else ready to begin when one project ends.

Here are a few sources for information on how to plan campus visits to get the best results, and how to keep track so you remember which school is which! It's easier to confuse campuses than you might think.

Campus Visit Planner

College Visits from CollegeBoard.com

Questions to Ask During a College Visit

The Ins and Outs of a College Visit

Maximizing the College Tour


Guide to Visiting Colleges

CampusVisit.com
(northeastern schools)

Check your newstand for magazines such as the Newsweek-Kaplan College Guide or US News and World Report's America's Best Colleges. They often have convenient checklists or pull-out sections that can be helpful when keeping track of all the information. And use that camera phone!

Getting familiar with the academic offerings and general information about colleges can be easily done over the internet, but as far as finding The School, nothing beats an in-person visit. More than one student has found that the school that looked perfect felt absolutely horrible once seen, and more than one has found that school that didn't seem all that interesting online was an absolutely perfect fit.

March 1, 2007

Questions to ask before borrowing money

You filled out your FAFSA. Maybe you've received your financial aid packages from schools. But you still may need to find a private lender if Stafford loans & grants aren't enough.

Wells Fargo Bank has a blog with helpful advice, including a list of questions to ask before choosing a lender. Of course, I'm sure they'd prefer that you choose them, but the questions are helpful regardless of who you decide to borrow from.

  • On federal loans, does the lender pay any of the fees (like the origination fee or federal default fee)?

  • Does the lender reward responsible borrowing by offering principal or interest rate reductions for making on-time payments?

  • Will the lender sell your loan, or will the lender you borrow from continue to service your loan through repayment?

  • If you're considering a private loan, what are the interest rates and terms?

  • If you'll be taking out a private loan, does the lender offer combined billing for federal and private loans?

  • Does the lender offer other services you'll need while in college, such as checking and savings accounts?
    More information at The Student Loan Down.

    February 23, 2007

    NPR Special Report: The College Admissions Game

    NPR is running an excellent series on college admissions this week. It addresses the frenzy and pressures, from both the side of the students and that of the schools. The series and links to the radio broadcasts can be found right here.

    The series points out that high-achieving students are sometimes opting out of the Ivy League and well-known liberal arts colleges, finding others that fit better. And some schools are opting out of the rankings and traditional methods of finding better applicants.

    It's great that things are shaking up a bit. I'm a huge fan of a well-rounded college education, even for the student that might be more technologically focused or rank-driven. Finding a school that fits not only academically but also emotionally or creatively is a big step in the right direction.

    February 21, 2007

    News Roundup- Financial Aid

    A Financial-Aid Bias? -Smart Money
    Are the US Education Department and the College Board biased against self-employed parents when they determine financial aid eligibility?

    Parents and College Tuition Struggles
    An ABC News Special Report

    6 Tips to Find Money for College

    Proposal exempts 529 funds
    A provision in President Bush's proposed budget could exempt 529 funds from financial aid formulas.

    Removing the FAFSA fear for low-income families
    Have H&R Block fill it out for you?

    A Fresh Look at 529 College-Savings Plans -Smart Money

    Facing Down Form 1040 -Business Week
    Tips for students preparing their first tax return.

    February 20, 2007

    No Child Left Behind?

    The No Child Left Behind Act is up for renewal, and the Bush administration is proposing to extend the mandates to cover more middle and high school students. Head over to Parenting Teens to read Gayle's take on all this.

    Do you know anyone who supports this act? I don't.