With so much in flux these days, parents of college-bound students (and the students themselves) may be anxious to make plans for the upcoming school year. But with many colleges and universities still determining just how much of the upcoming school year will be held on campus, these plans may remain fluid until well into the summer. Can a college consultant help you and your student make the best possible decision for their future? Learn more about a couple of the ways a college consultant can streamline the admissions and aid processes.
Apply for Aid (and Appeal a Low Award)
With so many students and their families struggling with unemployment, underemployment, and other financial pressures that point toward a significant drop in enrollment for fall 2020, many colleges have expanded their financial aid options. And the Coronavirus Aid, Relief and Economic Security Act provides federal relief grants to qualifying students, further reducing your out-of-pocket cost. A college consultant has experience in navigating these sometimes complex aid packages, appealing awards that seem low, and searching for other ways to reduce the cost of education.
Determine Whether Borrowing Makes Sense
The hefty cost of a college education means that more students than ever are taking out student loans as a way to supplement any grants, need-based aid, parent contributions, and other financial aid. But not all degree paths can justify a six-figure price tag. A consultant can help your college student evaluate their post-college career opportunities and the type of entry salary they can expect, providing a far better idea of just how much of a student loan payment they'll be able to afford.
Current student loan interest rates are at an all-time low, and students who take out a fixed-interest loan can benefit from these low rates for years. Though no one wants to overborrow for a college education, it's also important to not leave money on the table in the form of loans that offer subsidized interest.
Adjust to Last-Minute Changes
As the COVID-19 pandemic continues to wax and wane across the U.S., colleges and universities are likely to tweak their current plans. This means that flexibility is key for both students and parents. A consultant can help your student investigate tuition refund policies, ensure that they're appropriately set up for off-campus e-learning, and recommend any necessary changes if the current situation just isn't meeting your student's needs. For students and parents, many of whom may be navigating this process for the first time, this broad array of services can be invaluable.
To learn more, contact a college consultant.
Attending college is sure to be one of the most defining experiences of your life. Not only will you be taking classes that teach you skills related to your desired career, but you will be making connections and enjoying social experiences that come to define you as a person.
With all the changes you experience in college, you might be looking for a little guidance. That's where this website can come in handy. The articles we have collected offer information all all things college-related, from choosing the best classes to making the most of student activities. Learn study tips, application tips, and more.