Capstone Wealth Partners

Don’t Fall In Love With Your First Choice

Reading time: 2 mins

Do you believe in love at first sight? Colleges and universities are hoping you do, because the moment you step onto their campus, they have a “product” to sell you, and they’ve perfected the art of the first impression. From the moment you arrive for a tour, they want you to fall head over heels. They’ll point out the beautiful facilities and show off their luxurious amenities.

It’s easy to get swept up in the dream of a perfect campus life, but don’t forget the real reason you’re actually going off to college: To get the BEST education at the BEST price.

College Lists and Visits

Amenities are great, but when you’re building a list of colleges, it’s important to keep your head on straight. Don’t let the flash and glamour of a campus visit be the only reason you choose to visit a school. Amenities don’t guarantee a quality degree, and you don’t want to be stuck paying off student loans for the rest of your life — which average over $38,000 per borrower as of 2025.

Instead of only soaking in the “vibe”, use your college visit to dig into the academic departments and career outcomes that will define your future. For example, ask about graduation rates because graduation rates are a hidden cost factor — an extra year of school adds at least 25% to the total price and costs you a year of potential income. And be sure to inquire about how a college is using artificial intelligence to train the next wave of job seekers.

The Real Price of College

Instead of falling for the first pretty campus you see, remember that you have options. Don’t limit yourself to “name-brand” schools that may not provide a return on investment for your specific career path. If you’re planning on going to a college you can’t afford, you really need to know you’re making the right decision.

On the inverse side, consider this: the sticker price of college — the actual out-of-pocket cost your family will pay — is misleading. If you have an exceptionally performing high school student, you may be able to send them to a premium school for far less than a mid-tier college. (Here’s a ProTip: use free tools like the College Money Report™ to see how merit and need-based aid can cut costs in half.)

Make the Colleges Fight Over You

Something else to consider is that the more colleges you apply to, the more chances you have for competing financial aid award letters. After carefully decoding your award letters, it will be clear which awards and schools stand out. And that means it’s time to consider competitive appeals!

If your top-choice schools fall short on aid, you can make competitive financial aid appeals to those schools by showing how much other institutions want you, too. Many middle-tier private colleges will reconsider their merit award if a peer institution has offered a better deal.

So on this Valentine’s Day, just remember it’s okay to like a school, but it’s better to take things slow. Your future self—and your bank account—will thank you.

About the Author

Picture of Joe Messinger, CFP®

Joe Messinger, CFP®

Joe Messinger, CFP®, ChFC, CLU, CCFC is on a mission to end the student loan crisis one family at a time. He created the innovative College Pre-Approval™ system and has trained thousands of advisors across the country on how to seamlessly guide families through the college-funding maze with confidence and ease.

Messinger is a Co-Founder of College Aid Pro™, the award winning FinTech solution that takes the hassle out of late-stage college planning. A proud graduate of Penn State University, he is also Partner and Director of College Planning at Capstone Wealth Partners, a fee-only RIA.

Joe serves as a member of the Advisory Board for the American Institute of Certified College Financial Consultants (AICCFC) and the NAPFA Foundation College Affordability Project.

He is known as an industry thought leader in the area of college financial planning. He regularly speaks at industry conferences for the Financial Planning Association (FPA), National Association of Personal Financial Advisors (NAPFA), and the XY Planning Network (XYPN). His work has been featured in The Journal for Financial Planning, Financial Advisor Magazine, US News, and Bloomberg to name a few.

Unnamed.png
Get the Free College Money Report
customized for you – and know before you go!

No spam, guaranteed.
Please read our Privacy Policy.

ABOUT OUR BLOG:

Capstone Wealth Partners is a fee-only independent Registered Investment Advisor in Columbus, Ohio. We are financial planners for college-bound families.

The Capstone Blog offers up our best ideas on how to save and pay for college, all while staying on track for a confident retirement.

FILTER BY CATEGORY:

Follow Us:

Register for “Understanding + Challenging Your Aid Package”