Students and Families Unprepared for College, Financial Aid Application Process


February 10, 2010
by Scholarships.com Staff
Despite recent trends of more students across the country enrolling at institutions of higher learning, many students and their families remain mostly uninformed and unprepared to navigate the college and financial aid application process, according to a report issued yesterday called  Planning for College: A Consumer Approach to the Higher Education  Marketplace.

Despite recent trends of more students across the country enrolling at institutions of higher learning, many students and their families remain mostly uninformed and unprepared to navigate the college and financial aid application process, according to a report issued yesterday called "Planning for College: A Consumer Approach to the Higher Education Marketplace."

The report, from MassINC, a think tank in Massachusetts, looked at decisions students and families need to make when applying to and paying for college, and the information they need to make those decisions. It found that students and parents currently have great difficulty "getting the most out of their col­lege dollar," as the price of higher education only continues to rise.

Perhaps even more alarming is that families have started borrowing more to pay for college, without considering risk and the rate of their return. Related to increases in student borrowing amounts, an article in The Chronicle of Higher Education yesterday looks at the idea that doctoral students finish faster if they take out large loans. The most obvious answer why is that taking out more student loans allows the students to take more classes, and quit part-time jobs that may have been reducing their college costs. It's a choice students must make every day - should you sacrifice some comfort to reduce your student loan debt, even if it means taking longer to complete your degree? It's a personal decision, but students should be aware that they'll be expected to start repaying any debt once they graduate.

The Massachusetts study also found that students and families had little knowledge of tax benefits and college savings plans, and how to compare them. For example, there are 118 different 529 Plans, and the resources out there do little in the way of pointing consumers to the advantages and disadvantages of each. Families and students also admit to knowing little about the actual sticker price of colleges, as that often depends on the funds available to assist incoming students, an unknown when those students first apply.

The report's authors suggest families and students must become more like "savvy consumers" who are able to understand and successfully manipulate the college and financial aid application process to their advantage. The process should also be made less complex, an idea that is already being explored by federal legislation such as the Higher Education Opportunity Act. Finally, families need reliable measures about the educational experience that colleges and universities offer beyond the annual rankings we see in the Princeton Review, for example. According to the report, while the U.S. Department of Education is providing increasingly consistent and accessible indicators, such as graduation rates, this branch of the college-bound decision remains the weakest.

Getting more college financial aid doesn’t have to be a relentless search. Scholarships.com is totally free. Connect with our massive database of millions of college scholarships at any time by searching for awards in a variety of ways. Scholarships.com offers the quickest and easiest way to search for, apply to, and win college scholarships. Start making your college education affordable or perhaps even free, by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
It's okay to be white signs were scattered on college campuses across the country, as well as in Canada over the past week. Reportedly, the signs were first suggested on an online chat forum called 4chan, calling on people to place posters in their area on Halloween night. At Harvard Law School, at least 20 handmade stickers with the message It's ok to be white were posted on light poles and electrical boxes. Harvard Law's Dean of Students Marcia Sells condemned the posters, stating the posters and stickers are intended to divide us from one another and that HLS will not let that happen here. The Department of Public Works removed the stickers shortly thereafter. Even after they had been removed, the message continued to circulate via social media through hashtags and videos, gaining both condemnation and support.

"OK to Be White" Signs a "Sign of the Times"?

November 7, 2017 11:47 AM
by Susan Dutca
"It's okay to be white" signs were scattered on college campuses across the country, as well as in Canada over the past week. Reportedly, the signs were first suggested on an online chat forum called
Halloween Day hadn't even officially arrived and college students (and even faculty) sparked outrage over their offensive and racially derogatory costumes. One of the images that went viral over the weekend was that of a police officer from the University of Nevada at Reno, who was dressed as former Quarterback Colin Kaepernick - allegedly in blackface and wearing a sign that read Will Stand for Food.

Colleges Investigating Offensive Halloween Costumes

October 31, 2017 11:09 AM
by Susan Dutca
Halloween Day hadn't even officially arrived and college students (and even faculty) sparked outrage over their offensive and "racially derogatory" costumes. One of the images that went viral over
First-time community college students in California may be able to get a discounted, or even free college education thanks to a new California College Promise law. The point of the program is to create the environment and alignment that will help students finish college.

Community College Comp'd in California?

October 17, 2017 9:12 AM
by Susan Dutca
First-time community college students in California may be able to get a discounted, or even free college education thanks to a new "California College Promise" law. The point of the program is to

    Students and families who use Scholarships.com as their one-stop shop for free college and financial aid information and opportunities is the reason why we are thankful. As a way of saying thanks, we’ve come up with a way for you the squash student loan debt with these November Scholarships. For even more scholarships in November, click here.

Gobble Up these November Scholarships

October 6, 2017 12:02 PM
by Susan Dutca
Students and families who use Scholarships.com as their one-stop shop for free college and financial aid information and opportunities is the reason why we are thankful. As a way of saying
Warren Wilson College, a school known for attracting liberal students, is seeking to recruit conservative students in effort to broaden [their] appeal to those with all kinds of worldviews. Other college and university leaders claim that the 2016 election serves as inspiration for this initiative and they are also fearful that their institutions are disconnected from conservatives who make up a majority in much of the country.

Liberal School Seeking to Recruit Conservative Students

October 3, 2017 11:17 AM
by Susan Dutca
Warren Wilson College, a school known for attracting liberal students, is seeking to recruit conservative students in effort to "broaden [their] appeal to those with all kinds of worldviews." Other