Tag Archives: podcast

CMM 036 – Why Your 8 Year Old May Never Go To College – Episode 36

 

Planning for college is easier than being caught unaware of the costs

My son AJ is 8, and my fear is that he truly won’t be able to afford college, even if he is a top notch student. After all, I couldn’t when I was younger.

When I received my admissions letter in 1994 to George Washington University, I was stoked. I thought my life was getting off to a great start. Then I saw the cost of attendance…and soon left school for the US Navy. I’m proud of my service, but given the fact that the cost of college then is a fraction of what it is now, I wonder how many more kids are taking a similar path as well?

It’s time to surrender the notion that our kids could ever work their way through college; research has shown its no longer possible. College cost increases in tuition are consistently outpacing inflation. For those parents with kids not in high school yet, its time to face reality. What is increasing the pressure on those of us that have young children is the fact that the educational market is beginning to bifurcate between low-cost, and high-price colleges. Right now, there is still a large mix of college that meet the needs of many student background types; high gap/sat, high net worth, low net worth, and transfer/returning students. However this is changing as smaller private “gem” colleges that borrowed heavily during the boom years of the late 90’s early 00’s are having their budgets and endowments stretched due to lower enrollment as the cost rises.

What makes this worse is that these were the great colleges where students could attend for even less than state universities with the right merit aid award for middle class families. To discuss this we interviewed Grace Nunez (@CostofCollege) ( soon to be on one of my Top 10 Financial Aid Blogs For Parents) and she talks with us about the shrinking number of colleges that will be able to offer healthy merit aid to students they admit.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode36.mp3]

Download The Episode: CMM 036 April 30, 2014

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Links Mentioned During This Episode

Cost of College – http://costofcollege.wordpress.com

Scholarship of the Week – Show Your College Love Scholarship

FinAid (a Mark Kantowitz) site – http://www.finaid.org

Paying for College Without Going Broke by Kalman Chany : via Amazon

Joy Luck Club by Amy Tan – via Amazon 

transcript after the jump.

Continue reading CMM 036 – Why Your 8 Year Old May Never Go To College – Episode 36

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CMM 035 – 3 Things Every Parent Should Know When Saving For College – Episode 35

College Smart Radio on KDOW 1220 AM

It’s time to surrender the notion that our kids could ever work their way through college; research has shown it’s no longer possible. College cost increases in tuition are consistently outpacing inflation. For those parents with kids not in high school yet, its time to face reality. It will take a combination of savings, financial aid, and smart spending that will allow your college bound teen to graduate debt free.  To help offer a road map, we have invited Beatrice Schultz of Westface College Planning, a college financial planner for parents. In addition to advising parents, she hosts the College Smart Radio Show  (one of my Top 8 Podcasts For Parents) and talks with us about the things parents can do now to help their financial situation and save for both college, and retirement.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode35.mp3] Download The Episode: CMM 035 April 23, 2014

SIGN-UP FOR JR’S FREE FINANCIAL AID TIPS FOR PARENTS NEWSLETTER!


 

Links Mentioned During This Episode

Westface College Planning –  http://westfacecollegeplanning.com

Westface Financial Planning – http://westfacefinancial.com

College Smart Radio – http://collegesmartradio.com

Cappex – http://www.cappex.com

College Abacus – http://www.collegeabacus.com

transcript after the jump.

Continue reading CMM 035 – 3 Things Every Parent Should Know When Saving For College – Episode 35

CMM 034 – 3 Tips For Parents To Help Teens Be SAT Ready – Episode 34

College Checklist Podcast by Lauren Gaggioli

The Scholastic Aptitude Test & ACT Exam, and the scores they produce are still one of the largest factors in college admissions. High SAT scores can offset low grades, and overcome certain deficiencies. Parents and students can complain as much as they want to about their opinion on standardized tests.  But they will still face them when the time comes to get into college. They are not going anywhere! We see scholarships asking for SAT/ACT scores, the result of which do have an effect on scholarship outcomes. So we may as well embrace it and make the most of the opportunity.  Lauren Gaggioli does just that as the Founder & Head Mentor of High Scores Test Prep. In addition she hosts the College Checklist Podcast (one of my Top 8 Podcasts For Parents) and talks with us about the things parents can do now to help their college-bound teen attack the SAT head on. We dedicate our entire episode to this topic, and briefly discuss the National Merit Scholarship and the PSAT.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode34.mp3] Download The Episode: CMM 034 April 16, 2014

SIGN-UP FOR JR’S FREE FINANCIAL AID TIPS FOR PARENTS NEWSLETTER!

transcript after the jump.

Continue reading CMM 034 – 3 Tips For Parents To Help Teens Be SAT Ready – Episode 34

CMM 033 – How To Help Homeless Teens Pay For College – Episode 33

letting your financial aid counselor know you are homeless is important to gaining more in financial aid
Source: Ken Shinozaki via Flickr Commons

This week we focus an entire episode on answering a listeners question. Danielle wants to help her daughters best friend who is homeless. This a sensitive topic, and may be uncomfortable for some, but  is worth talking about. To help answer our listeners question, we start by interviewing Cyekeia Lee, the Higher Education Liaison for Homeless Youth, for the National Association for the Education of Homeless Children and Youth (@NAEHCY). Listen to the episode: Cyekeia talks about the McKinney-Vento Homeless Assistance Act and how it helps homeless college-bound teens prove their status for financial aid purposes when filing the FAFSA. In addition we talk to our favorite financial advisor, Mary Lawson of Western Illinois University (@WIUNews) discusses how a financial aid advisor can make a professional judgement to help homeless college students with their financial aid. We also discuss our scholarship of the week, the Beat The Odds Scholarship, offered by the various state affiliates of the Children’s Defense FundThe program is held each year in California, Washington, D.C., Texas, Minnesota, New York, and Ohio.  This scholarship is specifically for homeless or displaced students who are accepted to college, and are worth up to $10,000 per year.  Download The Episode: Ep33 April 9, 2014

Homeless students can pay for college
Source: Flickr Commons

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transcript after the jump. Continue reading CMM 033 – How To Help Homeless Teens Pay For College – Episode 33

The Dirty Secret About College Refunds No One Talks About

Tuition Refund Insurance | protecting your educational investment

One of the dirty little secrets about college tuition and paying for college, is the fact that the entire experience is not consumer friendly. In this country, we have lemon laws to protect us from bad cars, escrow to protect us in a home or major purchase, and most companies in the US make receiving a refund relatively easy.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode32.mp3]

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But what happens when you can’t finish a semester in college due to illness or mental health episode? In this episode we talk about this fact, and how a major consumer purchase such as tuition can be insured for loss. We interview John Fees (@JohnFees) of NextGen Insurance (@NextGenIns) about Tuition Insurance, a form of coverage which can protect parents and their students should the unforeseen occur and they have to leave mid-semester. In addition we discuss how Homeowners Insurance does not alwaysProtecting your college tuition investment with tuition insurance cover the items college bound students may have stolen, damaged, or lost on campus such as laptops and textbooks and how Renters Insurance could help.

We also answer a listeners question about being required to refund financial that has been issued if they drop at the 50% mark. The Return of Title IV Funds, also known as R2T4, is an issue many face when they drop after having received financial aid. People rarely are told that if they drop they will have to refund the portion of financial aid that is not returned to the government.

 

Download The Episode: Ep32 April 2, 2014

TRANSCRIPT AFTER THE JUMP 

Continue reading The Dirty Secret About College Refunds No One Talks About

5 Places To Search For Scholarships Locally | An Interview with Gyan Devi

Gyan Devi of ScholarshipOpportunities.org | Author of How to Find Scholarship Opportunities Online
Gyan Devi, Author of How to Find Scholarship Opportunities Online

On this episode we discuss the importance of looking both online and LOCALLY in order to find the money their students need to pay for college. 

Our main guest today is Gyan Devi (pronounced Ghee-YAHN, rhymes with “neon”, and DAY-vee)

, the author of How to Find Scholarship Opportunities Online and Scholarship Opportunities for Women. Gyan also keeps a blog at ScholarshipOpportunities.org  Gyan helps joins the show today to talk about those hidden gems out there in the scholarship world that aren’t as popular, but are very valuable when you know where to look.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-13.mp3]

 

 

Cappex.comIn addition, we talk Chris Long of Cappex.com,  (@Cappex) sets us straight on being effective when searching online for scholarships. In addition, we answer a listeners question about their wish to attend their dream school, but its going to cost them about $134K.

 

Continue reading 5 Places To Search For Scholarships Locally | An Interview with Gyan Devi

Debunking 5 Big Scholarship Myths…And #3 Is Often the Biggest One Of The All

Gyan Devi of ScholarshipOpportunities.org | Author of How to Find Scholarship Opportunities Online
Gyan Devi, Author of How to Find Scholarship Opportunities Online

On this episode we discuss the importance of debunking 5 big scholarship myths that tend to circulate among parents every year, and need to be put to rest so they can get to the job of the finding the money their students need to pay for college. 

Our main guest today is Gyan Devi (pronounced Ghee-YAHN, rhymes with “neon”, and DAY-vee)

, the author of How to Find Scholarship Opportunities Online and Scholarship Opportunities for Women. Gyan also keeps a blog at ScholarshipOpportunities.org  Gyan helps to debunk the five biggest myths parents have about scholarships and financial aid, that often are the largest impediments mentally to people actually applying for scholarships in the first place.

In addition, we talk about the myth involving the cost of attending public school over private colleges. Abigail Seldin of College Abacus (@CollegeAbacus) sets us straight on what she found when comparing several private and state colleges when it comes to affordability. In addition, we answer a listeners question about her wish to attend school at SUNY Buffalo or Long Island University.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-12.mp3]

Continue reading Debunking 5 Big Scholarship Myths…And #3 Is Often the Biggest One Of The All