1. Strategies for Choosing the Right College

    young woman in dorm roomIf you and your child are in the process of researching and selecting colleges, you know that it can be a long process. One of the things that can contribute to the length of the task is that you’ll want to find a happy medium between a college that your child wants to attend and one that is financially feasible for you.

    The rising cost of college makes the search all the more difficult. As the cost continues to rise, more and more students are becoming saddled with an excessive amount of debt.

    Two excellent solutions to the dilemma are public state universities and two-year community colleges, both of which you’ll want to consider when choosing the right college for your child. Here’s why:

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    Categories: College Planning
  2. “Pre-paid” College: Is it Worth the Investment?

    College Students Chatting in Hallway“Pre-paid” college usually takes the form of pre-paid 529 plans, which are tax-advantaged plans that enable families to lock-in the cost of college at the time that they purchase the plan. Considering that every year the cost of college rises about 2 percent to 3 percent, pre-paid college can be a worthwhile option to consider.

    Disadvantages to traditional pre-paid college plans include a lack of flexibility in the way the money can be used.

    Most 529 prepaid college plans are administered by individual states, and they differ somewhat from state-to-state. Although you can often transfer pre-paid tuition credits from state-to-state, fees do apply, and can add up. For this reason, the biggest saving is when your child attends college in the state where the plan was purchased and administered.

  3. Taking a Gap Year: The Pros and Cons of Taking Time Off Before College

    Young Woman TravelingFor many, the term “gap year” is synonymous with travel. However, travel is only one of many things a student can do when taking a year off between high school and college. In this post, we’ll look at the advantages and drawbacks of taking a gap year between high school and college.

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    Categories: College Planning
  4. Admission Denied: What to Do if Your Child Gets Waitlisted

    Student Receives Waitlist Notice From College Getting waitlisted is not the end of the world. In fact, the National Association of College Admissions Counselors found that 39 percent of colleges put some students on a waitlist in 2009. Once college admissions committees know that they have the space to admit more students, they turn to their waitlist of college applicants and reevaluate whom they want to admit.

    If your child has been waitlisted, there are several considerations to help you determine whether to wait or move on to Plan B:

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    Categories: College Planning
  5. Parenting College-Age Children

    Mom & College Age DaughterAs recent high school graduates prepare for college or full-time work, they may be ready to break from the reins of family life and discover who they are away from the family nest. This can be extremely challenging for parents who are used to helping their children deal with every drama and emergency, real or imagined.

    College-age children still need parental guidance and support. The question is how to support them and how much support to give.

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    Categories: Parenting Tips