The handy FinAid calculator may show that your family will get little or no financial aid for the college of your kid’s dreams. It happens, and many families are surprised when it does. They may not think of themselves as rich, or maybe life got in the way of saving money. Furthermore, colleges expect that… [Read More]
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Tag: college admissions and costs
Paying for college: Will you get financial aid?
Will you get financial aid for college? That’s a tough question because it depends on so many things: how much money you make, how you make it, what you owe, how many children are at home, and what college the child attends. Advice on how to structure your personal finances (general savings, retirement savings, paying… [Read More]
Paying for College: Net prices and sticker prices
I had yet another conversation with someone who bemoaned the fact that college costs $50,000. College does not cost $50,000. At least not for most people. If your family has a high income and your child is going to one of about 20 or 30 very expensive colleges, then yes, college costs more than $50,000…. [Read More]
Paying for College: The 2012 NACUBO-Commonfund Study of Endowments
The annual NACUBO-Commonfund report on college and university endowment values is out. The value of each endowment includes the effect of investment returns, spending, and donations through June 2012, and, on average, it was negative: the average endowment posted a return of -0.3 percent (net of fees) for the year, a decline from the 19.2 average… [Read More]