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Picking the Right College for You -- and Your Wallet (For Parents of College-bound kids)
YAHOO FINANCE ^

Posted on 10/02/2007 7:01:37 AM PDT by SirLinksalot

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1 posted on 10/02/2007 7:01:52 AM PDT by SirLinksalot
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To: SirLinksalot
See also this article : Students Destined to Go Deeper into Debt
2 posted on 10/02/2007 7:04:26 AM PDT by SirLinksalot
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To: SirLinksalot

The college advisor at my daughter’s school had a questionaire that the student and the parent had to fill out separately. One question addressed location. Kids would say anywhere is fine and parent’s would say one tank of gas from home.

And let’s not even think about what the money questions looked like! LOL

Very good screening process, in our opinion.


3 posted on 10/02/2007 7:06:15 AM PDT by trimom
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To: SirLinksalot; All

I have already told my 13 year old daughter [Nicole] that she is going to have to pay for her coll. on her own by doing the student loans & grants ,ect.. We do not make enough money [We only get va disabality & ssi to live on] to send her to school, and she will work harder to get through it better. Unlike [IMHO] if we paid for her to go to school, it may get blown off and partied all of the time, [like I seem to see all over the place]


4 posted on 10/02/2007 7:11:28 AM PDT by TMSuchman (American by birth, Rebel by choice, Marine by act of GOD!)
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To: trimom

Trimom,

After looking at a couple of private colleges that refuse to receive Federal aid and comparing the quality of their undergrad education, placement service and tuition plus board rates with some of the more “celebrated” private schools in the country, I have concluded that Federal aid is NOT NECESSARY for families that want a good college education for their kids. It in fact is becoming an impediment and in the long run, encourages colleges to raise their tuition rates wayyy above inflation rates.


5 posted on 10/02/2007 7:13:43 AM PDT by SirLinksalot
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To: SirLinksalot

*bookmark*


6 posted on 10/02/2007 7:14:44 AM PDT by airborne (Proud to be a conservative! Proud to support Duncan Hunter for President!)
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To: SirLinksalot

It’s not so hard when your child is in the top 10% in Texas.

http://www.diverseeducation.com/artman/publish/article_9014.shtml


7 posted on 10/02/2007 7:17:54 AM PDT by mtbopfuyn (I think the border is kind of an artificial barrier - San Antonio councilwoman Patti Radle)
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To: SirLinksalot

I recommend looking at the US News Report on what the average SAT scores are for a particular school. Students should try to find a school where they are better than average (so they can succeed without killing themselves) but not so far up that the school will bore them.

Also, because of the way financial aid works, it can sometimes be cheaper to go to a private school than an public one.


8 posted on 10/02/2007 7:18:37 AM PDT by Aunt Polgara
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To: TMSuchman

TMSuchman

If your daughter is smart and on top of her class and is able to get a scholarship to a top notched private college, by all means go for it.

However, don’t sweat the fact that state colleges offer in many cases, similar education without the big bucks associated with it. Hence, if she can’t get to a “classy” private college, I won’t sweat it.

Also, if you are a religious person (e.g. a Christian), I know of several outstanding Christian colleges with tuition fees comparable to government colleges.

Finally, remember this -— 70% of the jobs in this country, many of them paying quite well, DO NOT REALLY NEED A 4 YEAR DEGREE IN COLLEGE.


9 posted on 10/02/2007 7:18:43 AM PDT by SirLinksalot
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To: SirLinksalot

bump for later


10 posted on 10/02/2007 7:18:56 AM PDT by goodnesswins (Being Challenged Builds Character! Being Coddled Destroys Character!)
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To: TMSuchman
I have already told my 13 year old daughter [Nicole] that she is going to have to pay for her coll. on her own by doing the student loans & grants ,ect..

Don't forget the numerous scholarships that are available. I would think that at age 13, that's a good time to be gearing her up for good study habits and expectations for decent grades. She doesn't have to be a 4.0 student, but generally anything above a 3.0 will open her up to lots of "academic" type scholarships.

I worked my way through college, and I would recommend it for most students. She'll be more likely to use student loands wisely, and less likely to rack up unnecessary debt, knowing she'll eventually have to pay them back.

Good luck to your daughter.

11 posted on 10/02/2007 7:20:00 AM PDT by Lou L
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To: SirLinksalot

Anyone here that’s recently been through the scholorship application process; have a good link on how to find scholarships?
Thanks,


12 posted on 10/02/2007 7:22:27 AM PDT by HereInTheHeartland (Westerners continue to explore the expanse of space...meanwhile, Muslims continue to sit in the dirt)
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To: SirLinksalot

I went to Michigan. I would NOT suggest going there for all 4 years worth of undergrad credits (stock up on CC courses for prerequisites and electives) unless you KNOW you’re into engineering or if you’re leveraging your first two years in an attempt to gain admission to the B school.

I also noticed a lot of schools require a certain amount of upper division credits (especially online) as it necessitates going to that school for a longer period.

I don’t think it’s worth the debt you accumulate and I had significant amounts of grant money.

It is actually the semi-’guarantee’ of student loans for students which is responsible for higher education’s rising costs. It creates an artificial price support and in some ways resembles (though we are much more familiar with the actual numbers for schooling) the health care system in that there is often little price competition.

We also think our degree means something because of the name but unless it’s professional or you’re transitioning to grad school, the undergrad degree isn’t worth that much anymore.

Gone are the days where an English major could settle into middle management and work his way up. No, you’re working at Starbuck’s or something now while you figure out that you could have gone into property management or some other field that doesn’t require a college degree AND that you forewent all that extra income you could have had!


13 posted on 10/02/2007 7:22:32 AM PDT by Skywalk (Transdimensional Jihad!)
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To: Aunt Polgara
because of the way financial aid works, it can sometimes be cheaper to go to a private school than an public one.

Now this is interesting.

I can only see this happening if your kid is so smart that he/she gets close to a full scholarship ( e.g. National Merit scholarship ).

I can also see this happening if you happen to come from a family that's not far from the poverty level ( just above ).

If you are middle class ( as most Americans are ), the chances of private college financial aid beating state schools are quite slim IMHO.

Case in point --- State of New York ( where I live ).

Consider Binghamton University ( AKA the poor man's Harvard around these parts ). The tuition for in-state students are a mere $6,000. If you can demonstrate some need, they'll cut it by half. Now consider private college, New York University... the tuition fee is $35,000 ( not considering board and lodgings which will add another $15,000 to the tab making it a total of $50,000 at least ). Most middle class smart kids get "aid" from NYU ( they have a very generous endowment fund 0. How much is the aid ? Well, they go from $10,000 to $15,000.

$35,000 minus $10,000 is still $25,000. That means even with their "aid", you still have to find a way to cough up the rest.... $25,000.

Multiply that by 4 and that's $100,000 you have to consider in loans if your kid will graduate in 4 years.

Is it worth going in debt by 100K for a 4 year degree ? I can't answer that for anyone else. For me, I know the answer is NO.
14 posted on 10/02/2007 7:27:23 AM PDT by SirLinksalot
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To: SirLinksalot

ping so that my current stress level can escalate at home


15 posted on 10/02/2007 7:33:45 AM PDT by doodad
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To: SirLinksalot
A good source of information about colleges and universities is Choosing the Right College 2008-9, available from the Intercollegiate Studies Institute.
16 posted on 10/02/2007 7:39:50 AM PDT by Fiji Hill
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To: Skywalk
...and I go to Virginia. We're ranked quite similarly to Michigan, I believe, and I would make the exact same suggestion as you.

Many lower-level undergraduate Engineering School classes are not so great, but some of the upper-level courses are spectacular.

17 posted on 10/02/2007 7:41:06 AM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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To: mtbopfuyn

There was a poster here on FR not too long ago whose child could not take advantage of the top 10% rule. The reason - their child went to a very competitive science school and just missed the top 10% cutoff. His SAT’s were extremely high as was his GPA. Others got the scholarship who went to non-competitive schools where English was a second language.


18 posted on 10/02/2007 7:41:06 AM PDT by ladyjane
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To: SirLinksalot

It’s redundant, but I post this on every thread talking about college expenses. We’ve done it without paying any tuition through programs available in many states...here’s how.

1. Dual credt or dual enrollment. This can be done at any state U or community college in our state. The student takes college classes, tuition free during high school, and they count as college and HS credits, so they graduate high school and receive their AA at the same time.

2. State merit scholarship for state universities. Our state (and many others) offer tuition free merit scholarships for those earning a certain SAT/ACT score. So Junior and Senior year of college are covered tuition free. (actually, the scholarship covers all four years of education at a college if you maintain a 3.0 GPA, so you could avoid the dual credit and still get this scholarship so your BA would be tuition free.)

3. Grad school, score high enough on the GMAT, keep a good GPA in college and a graduate assistantship will cover your tuition for full time grad school students.


19 posted on 10/02/2007 7:43:52 AM PDT by dawn53
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To: SirLinksalot; All
Thank you all for your responses..

Nicole is going to be a special education teacher [musical therapy]. Her brother [our son Lance has Down Syndrome] and has taught Nicole a thing or two already about her calling, for her future. she is trying to be a professional singer, but if that fails that is going to be her back up plan. We as a family worked this out already, and she has pretty good grades & does community service by making & doing musical shows to raise funds for different charities in our area.[These are are battered women & kids, & disabled and homeless Vets in our area] She is going to go to the community coll. for the basic stuff, so she can get ready for the bigger things when they come along.

20 posted on 10/02/2007 7:46:58 AM PDT by TMSuchman (American by birth, Rebel by choice, Marine by act of GOD!)
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