A friend recently asked me for advice on how to pay for graduate school. I realized during our conversation that a lot of people don’t understand the mechanics of the payment – hence, this post. Payment is different from financing, but it is a related subject. Financing is where the money comes from. Payment is… [Read More]
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Tag: financial aid
Paying for college: Why do parents have to pay, anyway?
Undergraduate financial aid is calculated based on parental income, with no regard for whether the parents are willing to pay. It doesn’t seem quite fair. People are legally emancipated from their parents at age 18, and younger in some instances. Parents are not expected to provide food and clothing to an 1-year-old, so why should… [Read More]
University endowments up 11.7% in fiscal 2013
The National Association of College and University Business Officers (NACUBO) and Commonfund have released their annual study of endowments, with some interesting information. The average institution reported a return of 11.7% after fees. Larger institutions tended to have better performance, with institutions that have over $1 billion in assets reporting returns of 16.2%, in part… [Read More]
Paying for college: Six myths about covering college expenses
T. Rowe Price is circulating a nice write-up about covering college expenses, broken down into six myths. You can read the full piece here; I’ve listed them again with a few of my comments: Financial aid is free money that will cover costs. Uh, no. Many scholarships have GPA requirements and loans have to be… [Read More]
Paying for college: The Northwestern Academy
Last year, the University of Chicago announced the UChicago Promise, an initiative to prepare Chicago Public Schools students for competitive college applications. This year, Northwestern University has announced a similar program, the Northwestern Academy. It’s terrific. NU will work with 200 students at CPS schools that are NOT part of the selective enrollment elite. The… [Read More]
