Today’s Quiz: Student Loan Default Rates
True or False? Student loan amounts of under $10,000 are more likely to be paid off than those over $10,000. Answer: False. Although it would seem that the lower amount would be easier to pay off, there are other factors involved. Here’s the link to the complete Washington Post article on student […]
Today’s Quiz: Ivy League Household Income
Question: What was the median family income of Yale College students in 2016? (This is presumably similar for most Ivy League schools.) Answer: $193,000
Quote of the Day: Reapplying for College Financial Aid
I didn’t know you have to reapply for financial aid every year. – This from a mother whose son received about $20,000 of financial aid last year as a college freshman and had a very good academic and athletic experience. Now, this high school principal with a master’s degree is scrambling to convince the […]
Top 9 Mistakes
The Top 9 mistakes made by parents: Coaching your child during a game You can disagree all you want. This is an absolute no-no. Thinking that because you believe your child outplayed an athlete who already has scholarship offers, your child must be a scholarship level player. You don’t know what you’re looking at, or what your doing Allowing your child […]