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


 
The Entertainment Software Association (ESA) announced its first 
Esports scholarship, expanding its 20-year-old scholarship program to include Esports competitors in college, according to Polygon. The ESA Esports scholarship program is intended to elevate the participation of women and minorities who currently account for a very small percentage of Esports scholarship recipients. Therefore, in order to be eligible for the 
ESA Foundation Computer and Video Game Arts Scholarship, you must either be a woman or minority and pursuing a degree leading to a career in computer and video game arts and sciences. Current high school seniors, college freshman, sophomore and juniors who are U.S. citizens may apply for the ESA Esports scholarship. Applicants must also be enrolled full-time in an undergraduate program at an accredited four (4) year college or university in the upcoming fall semester in order to be considered. All scholarship applications are due March 2, 2020 at 11:59 PST. Applicants will receive results by mid-June and funds will be issued to scholarship winners by end of August.

Get Paid to Play in College with ESA Esports Scholarships

January 21, 2020 11:52 AM
by Susan Dutca-Lovell
The Entertainment Software Association (ESA) announced its first Esports scholarship, expanding its 20-year-old scholarship program to include Esports competitors in college, according to Polygon.

    When it comes to large dollar scholarships, mo' money means fewer problems in paying your college tuition bill. The average student will land between $1,000 and $5,000 in college scholarships after investing a decent amount of time and effort into applying for scholarships. Even smaller scholarships worth $500 are enough to cover books and fees, even if they aren't enough to foot an entire semester’s college tuition bill.

Biggest / Largest Dollar Scholarships in 2020

January 16, 2020 9:41 AM
by Susan Dutca-Lovell
When it comes to large dollar scholarships, mo' money means fewer problems in paying your college tuition bill. The average student will land between $1,000 and $5,000 in college scholarships

    High school graduation is right around the corner for high school seniors class of 2020 and - while many students may have already committed to their dream colleges - securing college financial aid is still a top-of-the-list priority in bringing that dream to fruition. Luckily, right now is the scholarship application peak season, with just enough time to apply for and win scholarships for college. Many 2020 scholarship deadlines are within the next several months, giving students like you sufficient time to conduct a free scholarship search and apply for those that best suit and interest you. Here's a sneak peek of the many scholarships for high school seniors class of 2020:

20 Scholarships for High School Seniors Class of 2020

January 8, 2020 3:18 PM
by Susan Dutca-Lovell
High school graduation is right around the corner for high school seniors class of 2020 and - while many students may have already committed to their dream colleges - securing college financial
Pacific Gas and Electric Company (PG&E) is offering more than 150 college scholarships totaling almost $500,000 for college-bound high school students, current college and continuing education students living in Northern and Central California. The college scholarships being offered by PG&E include the employee resource group (ERG), engineering network group (ENG) and Better Together STEM scholarship programs.

PG&E Offers Over 150 Scholarships Totaling $500k

January 7, 2020 2:57 PM
by Susan Dutca-Lovell
Pacific Gas and Electric Company (PG&E) is offering more than 150 college scholarships totaling almost $500,000 for college-bound high school students, current college and continuing education

    What better way to start off the New Year than by applying for and winning free college scholarships? Our New Year's Resolution is for you to attend and graduate college debt-free, so we've already compiled a list of top 2020 scholarships to help you achieve your college financial aid goals in the upcoming New Year.:

New Year, New You, New 2020 Scholarships

January 2, 2020 9:03 AM
by Susan Dutca-Lovell
What better way to start off the New Year than by applying for and winning free college scholarships? Our New Year's Resolution is for you to attend and graduate college debt-free, so we've
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced credit card and auto debt. More than fifty percent of Americans believe that college student debt is a major problem, with the average college student currently graduating with $30,000 in student loan debt. Some of the proposed college debt plans - such as student loan forgiveness plans - would leave students debt-free, while others would offer new repayment and refinancing options. Here are some of the major changes that could take place in the near future:

Plans to Tackle Student Loan Debt in 2020

December 30, 2019 2:44 PM
by Susan Dutca-Lovell
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced