Do It Yourself College Rankings

10 Things Parents Do That Increase College Student Debt

Parents with college grad representing how parents can help avoid student debtWe have all heard the horror stories of college graduates with staggering debt and little hope of repaying it before retiring. The obvious cause of the problem is the seemingly ever-increasing cost of college.

But here’s the thing. When you read the stories about graduates struggling with student loans after graduation, you’ll almost always see that they had alternatives to the large student loans they ended up with. With the high cost of college, more than ever teens need their parents to provide financial guidance when applying to college. Unfortunately, rather than supplying a financial reality check, too many parents make the situation worse by doing the following:

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5 Financial Mistakes that Can Limit Your Chance of Playing Your Sport at the College Level

5 financial recruiting mistakesSo far I’ve covered signs that you don’t understand the college athletic recruiting process and mistakes players and families make about their ability and what it means. Today, I’m going to cover mistakes related to finances when looking for athletic scholarships. If it’s really about using sports to help pay for college, you need to avoid the following college recruiting mistakes

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15 Things Parents of High School Freshmen Must Know NOW About Getting Into and Paying for College!

Mother and son learning about Getting Into and Paying for CollegeAs the parents of college freshmen drove home from dropping their kids off at college, many had to be thinking about how they’ll do things differently next time knowing what they know now. Many were probably wishing, “if only someone had told me four years ago when we first started thinking about preparing for college that…, things would have been so much easier.” It’s a common dilemma in life, you don’t know what you don’t know. So I’ve created the following list of things that parents of high school freshmen need to know about preparing for college and how financial aid works. Let me know if you have anything to add.

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FAQ: What is EFC (Expected Family Contribution)?

Note asking what is EFC? Expected Family ContributionEFC stands for expected family contribution. This is the amount of money families are expected to pay for their students to attend college. Colleges and federal and state governments use the EFC to calculate a student’s financial aid award. The basic theory is that the lower your EFC, the bigger your financial aid award. A family with an adjusted income of $50,000 and two dependents would expect to have an EFC of around $3,800 without considering any other financial assets.  A family with income of $100,000, would have an EFC of approximately $20,000.

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