April 2017 Newsletter: Effective Financial Appeals, Weighing Costs & College Choice
April 2017 Newsletter
Should You Appeal Your Aid Offer?
It’s April! Congratulations to all our seniors! College acceptances and financial aid offers have finally arrived. YOU get to choose your best academic, social, and financial fit college.
Parents and students sometimes ask: Can I appeal my financial award? Yes, this option exists, there is a process in place where you can appeal, and a financial aid officer has authority to make changes. Read this month’s Senior Scoop for tips to make your appeal.
Sometimes the cost of your first choice college is just too much for your family. According to a recent study, “40 percent of students who decided not to go to their college or university of first choice cited reasons related to costs.” Read this month’s Featured Find which discusses ‘Turning Down Top Choices.’
Whether you have a senior reviewing offers, or younger students starting their college tours, we can help you take your next step on the path to creating a clear college funding plan. Sign up for a webinar or give me a call today!
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Turning Down Top Choices
About 40 percent of students who decided not to go to their college or university of first choice cited reasons related to costs.
Every year, prospective students receive offers to attend their college or university of choice. And every year, some of them turn down those offers.
Common wisdom holds that cost is a major factor in those students’ decisions. And new data from a private company provide insight into how much of a role costs play in turning students away from their top choice for college.
Almost one-fifth of students who were admitted to their top choice of college or university in 2016 but decided not to go there turned it down because of the cost of attendance, according to new data from Royall & Co., the enrollment-management and alumni fund-raising arm of EAB. Cost of attendance was cited on a survey by 18.6 percent of students who turned down their first choice.
How to Survive Paying for College Workshops & Webinars
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Most parents are not financially prepared to enter the most expensive time period of their lives: covering their child’s college education.
Our 1-hour workshops provide steps you can take right now to assure you understand the cost of attendance and how you can afford college without jeopardizing your retirement.
7 Tips for an Effective Financial Aid Appeal
Is the award letter from your favorite college not what you’d hoped? Enough to wonder if it’s even possible without taking on an enormous loan?
Don’t panic! You DO have the power to up the amount by thousands by opting for a financial aid appeal.
At this point, you’ve tallied the net amounts for your top picks. You roughly know what you’ll owe. What you don’t expect (sometimes) is the amount colleges offer.
A financial change often means you’re entitled to appeal. This is only if it wasn’t already factored in your application or FAFSA submission.
About Westface College Planning
If you are a typical parent with college bound students, you’re probably overwhelmed by all the research necessary to help your sons and daughters make the right choices and prevent overpaying for their education.
You are not alone!
Get the facts. Educate yourself to potentially save tens of thousands of dollars on a single college education. Parents of more than one child heading to college in the next few years, can save even more.
At Westface College Planning, we work with families to help you plan for and navigate the “paying for college” process. We teach you how to minimize your out-of-pocket expenses, maximize financial aid eligibility, understand the best way to navigate through the college selection process and prioritize your sources of college funds to protect your life savings!
More information at WestfaceCollegePlanning.com.
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April 2017 Newsletter – Issue #66
Ready for your own success story?
If you’re a typical parent with college-bound students, you’re probably overwhelmed. You want to help your sons and daughters make the right choices and prevent overpaying for their education. You’re not alone! We’re here to help. Schedule your free consultation today – click below to get started!
Catch our free, on-demand webinar:
How to Survive Paying for College
Join Beatrice Schultz, CFP® for our on-demand webinar, where she provides parents with the exact steps that often greatly lower the cost of college, even if there’s little time to prepare.