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Another College Post

May 5th, 2017 at 06:04 pm

I had a couple of other (college) posts I wanted to get to (and I will eventually) but saw an interesting article today from the NY Times:

As College Deadlines Near, Families Wonder What They Can Pay

Text is and Link is

"The colleges talk a good game about affordability. But once the teenagers do their part and gain admission, their families get lowball offers for aid and are daunted by the debt they would have to take on to make the numbers work."

& re: free college in New York:

"Sara Goldrick-Rab, a Temple University professor of higher education and sociology, and author of “Paying the Price,” worries about the New York program and the assumptions that many overly optimistic students may make. Data suggests that at least 20 percent of students who are financially eligible at first will end up leaving the state and having their grants turn into debt."

I think a lot of this is moot for us, having access to many high quality and affordable colleges. But, I've always been skeptical of the private school/aid route because it seemed like there is a lot that could go wrong (that would mean ending up in piles of debt). & of course, I don't see anyone talking about this, but this is just what I was thinking. You know, what if you take some kind of aid, lock in a college, and then lose the aid for some reason? So I was intrigued to see that my concerns aren't unfounded. At the end of the day, there's some value to just taking the low sticker price and not worrying about keeping your aids and scholarships. I share because I know this will weigh heavily in our own college decisions.

Regardless of your perspective or opinions, it's an interesting article.

5 Responses to “Another College Post”

  1. creditcardfree Says:

    I have a friend with two kids in two different private schools. I'm not sure the second child got much aid, but the school was very affordable for a private college. The older one did get some financial aid, which she tries to tell me is far less than I pay, but she never shares specifics so I'm skeptical.

  2. LivingAlmostLarge Says:

    I think in private schools aid depends a lot on what the parents make. And that skews it towards lots of help or not.

  3. Buendia Says:

    I went to a really affordable CA state school (Cal Poly in San Luis Obispo - yay!) and it was an amazing education for a reasonable price. I'm sure it's a lot more now. F is only 12, but when it comes time, we are making her apply to both private and state schools and also out of the US (she has a UK passport and will be getting her Irish passport soon). Some schools look only at what parents make, but others look at assets, too. Some don't. And then you have to find a school that's a "fit." We're touring colleges every time we go on holiday, because we won't be able to afford to fly all over the place when the time comes to apply.

  4. SavingBucks Says:

    We are also in CA, and checked out the WUE -- schools out of state that charge about 150% of in-state tuition if accepted. Schools range from the Midwest going west to Alaska and Hawaii. Of course my DD did not want to go to the closest state school, CSULB, but she is in the school meant for her. She is not just a number there. She is at U of Idaho and got a scholarship based on grades. As long as she keeps a 2.5 GPA, the award will be for 4 years. Plus she will graduate in 4 years which CSULB told us 6-7 years for the same major. So the cost (so far) for tuition, room, and board is only about $2000 more than if she attended Cal Poly SLO!

  5. MonkeyMama Says:

    I could live with a 2.5 GPA requirement. At least that seems reasonable and allows for crap to happen and still maintain GPA.

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