College Costs… really?!

“In these agonizing months between the completion of college applications and the arrival of the first envelopes in the spring, many high school seniors and their parents are speculating about whether the economic downturn will harm their chances of admission to one of the nation’s top colleges and universities. And a few well-to-do parents I know have even confessed their hope that hard times and declining endowments may have improved their children’s chances of admission, as colleges look for full-paying freshmen.” (Steven Brint, Sunday, January 10, 2010)

So what does this mean for you? I mean how many of us have $20k laying around, every year, to pay for college? Not as many as who certainly don’t. This means that parents need to be especially frugal, it means that students will have to work that much harder to find the right college fit for them. It means that parents and students will have to start early and have to be honest with each other about their hopes and expectations. If you family cannot afford an Ivy Education, be real about that! Don’t hold that expectation so high that you increase your college debt for no good reason!

Choosing the right college for you may be the best decision you can make, there are tons of great colleges that no one talks about, and you’ll probably find that you can afford them better!

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About Nathan and Joanna Cornett

We are a from San Diego California, currently on a mission trip in Guatemala. Nathan has worked as a youth pastor, teen center director, college advisor, and now missionary. Joanna has worked at LaBahn's Landscape for 7 years in the field, sales, and as the Vice President, she started the Hispanic ministry at Foothills Church, and has worked in youth ministry, she is now working as a missionary. We are both passionate about youth, worship, and missions.

3 responses to “College Costs… really?!”

  1. David says :

    Parents: Reasons Why Private Advisors are a Wise Decision.

    ● Busy parents who have neither the time
    nor the energy to do all the legwork necessary
    to find the right college for their kids
    ● Parents who value time more than money
    and would rather spend what free time
    they have on personal and/or family pursuits
    and pay someone to pore over college
    catalogs or applications for them
    ● Parents who want/need their kids to have
    more personal attention than is usually available
    from high school counselors. “School
    counselors are so overworked,” Sklarow says.
    “On average, today’s counselors have an average
    of 600 kids to counsel, or up to 1,000
    or more in schools in large cities like Los Angeles.
    They’re often dealing with drugs and
    alcohol, crisis intervention, and even lunchroom
    duty, so college counseling usually is
    a really low priority.”
    ● Parents who know other people who use
    educational consultants and feel their kid(s)
    will be at a disadvantage if they don’t use
    a consultant
    ● People who are overwhelmed by or impatient
    with the application process (so much
    paperwork, so little time!). This is especially
    true when it comes to financial aid, which
    of course must be reapplied for every year.
    ● Parents who are anxiety-ridden about
    getting their kids into the “best” schools.
    “It used to be simple: If a kid’s SAT scores
    were good, she would go to Penn,” says
    Sklarow. “If the SAT scores were lower,
    that same kid would go to Temple. Now,
    almost the entire senior year is given over
    to college anxiety.”

    I am a fan of private college advisors. I remember my moms attempts to help me and my brother and sister with our college applications, essays for admission and scholarships, FAFSA, tours of campus’s. Not too effective.

    Considering she was getting incomplete info from my friends parents at my soccer games and my brothers theater performances.

    The fact of the matter was my mom was only in this “chapter” for a short amount of time. Advisors have been in this “chapter” for YEARS!

    My mother would have paid double what most advisors are charging! Parents give yourself a break!

  2. Evan VanDerwerker says :

    Despite the ways that can be found to shrink costs associated with higher education, they are still expensive. Financial aid is, in reality, not as lovely as it seems and does not account for the “little things” that, when it comes to finances, are not so little. I recently wrote a post about college textbook costs and the underlying problems (http://eyeoneducation.wordpress.com/2010/12/26/college-book-costs-who-is-really-paying-the-price/) which you may find of some interest. Good post.
    -EV

    • Nathan Cornett says :

      Good point about the internet replacing text books… err, not replacing them, but the information can be found on the net, so keeping a $200 textbook is no longer as applicable as in years past. And with information changing so quickly, I could see why you wouldn’t want to keep a book, usually they are updated annually, and if the book isn’t the information certainly is always changing. Another cost saving idea is to utilize Kindle, or some other form of e-Book. I have been surprised at how much money I have been able to save by using the electronic forms of books.

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