May 2020 Newsletter

Dear Parents,

May is the month when I normally discuss student loans and work-study jobs. Normally I write about what parents and high school juniors are to do between now and September. But I’m going to set that aside for the moment because today things are anything but normal. When the world finds its equilibrium I will be more inclined to discuss those topics in greater detail.

In The Good Old Days You Knew Who To Ask

If I know anything about higher education, it’s that it changes very slowly. Colleges will do everything they can to bring back students to campus (either this Fall or Winter/Spring). Certainly classes will not be the same, not in the foreseeable future, anyway. First year prerequisites like G-Sci, Bi-Sci, Psych, English, etc. that have the largest class sizes will likely be taken online, but on campus.

As to what online courses will cost — that’s still up in the air. Students are suing some colleges to get back some of the tuition and room and board fees they paid. It’s a sticky subject because colleges run on tuition more than you might think. Some ask, “Why aren’t endowments used to reimburse students?” But the fact is they’re usually spoken for and can’t be used for anything other than growing the principal which is then used to fund the wishes of the donor.

I think high school juniors’ lives will continue on or off line as they still have to write college essays, ask for letters of recommendations and complete their admission applications. With regard to the SAT and ACT, in spite of the change in attitude and some policies many colleges are changing, they will still take the SAT or ACT or both.

Each year the stakes, expectations, and costs of a college education have increased. Because of this parents have needed more guidance to make the best decisions. Now, given our new reality, they and their children are questioning whether to go to college or skip a year or two. This is known as a “gap year.” First, have a conversation with your professional college planner. Then contact the college and ask what the rules are. Gap years can be very expensive and there may be severe limitations in opportunities because of the pandemic.

Keep in mind that formalized gap years tend to be quite expensive.

But so many mothers and fathers don’t know where to go for answers. They look on the Internet where they find literally thousands of websites, some free, a few are helpful, most a complete waste of time.

As an advocate for our college family clients, I see close up and personal the happiness and satisfaction from both the student and parent.

We have a proven record of helping families find the right college fit, the right financial fit, and using our professional negotiation skills to save parents thousands of dollars each year and reduce debt. Contact our team of advisors today for a free consultation.