We hear these stories every day. Mom, Dad, and high school junior visit a college. Junior is thrilled with the school–loves everything about it. Mom and Dad discover too late what it will cost them.
Did you know no actual mythological stories exist about the unicorn? “The truth is, unlike almost every single other mythical creature, the unicorn does not appear anywhere in any culture’s actual mythology.”¹ Was it possible this creature actually existed? What the heck does this have to do with college?!
We’re searching for the Unicorn University—not the myth—the one perfect for you.
The United States is home to approximately 6,000 colleges and universities. Having that many schools to choose from can be both a blessing and a curse. Yes, every student can
When it rains, it pours! This week the Obama administration announced not only a new College Scorecard website but also revisions to FAFSA—both with the aim of making college more accessible to everyone. What is important for YOU to know to be an informed consumer of higher education?
In early June of 2015, the Department of Education announced revised Federal Need Analysis Methodology to determine a student’s EFC for the 2016/17 award year. The result is not good news for middle class families hoping to receive need-based aid! We haven’t seen much in the media about this topic so we at Capstone wanted to make sure you have the information you need to “Know before you go!”
We all know universities come in different flavors – state schools/ivy leagues, privates/publics, colleges/universities, etc. And we know the different types have different admission standards your student needs to meet in order to get into them. We also are VERY aware of the different price tags for each. A four year in state university currently costs around $19,000 per year and a four year private college around $42,000 according to “Trends in College Pricing 2014” published by the College Board.
What you might not be fully aware of though is schools do NOT award financial aid in the same way from school to school.
In our previous blog, you learned what FAFSA stands for, what it is used for, and what some filing tips you should be aware of. A lot of your questions may remain unanswered though…
If you are the parent of a college-bound student, FAFSA will become a necessary acronym to know during your college search and throughout your student’s college years. FAFSA stands for Free Application for Federal Student Aid, a Federal Student Aid filing, and is used to calculate a family’s Expected Family Contribution (EFC) toward college expenses.
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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.
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