Posts Tagged financial aid

anticipation

tereza-85At this point, most of you have already decided where you are going to college, unless you applied to a school with a rolling admission.  I know after I had applied to the colleges I decided I was interested in it felt like forever before I found out which schools accepted me. Once I found that out, then I had to look at the schools more closely and decide which one would be the absolute best fit for me, even though they were all great schools.

For the juniors in high school who are now going to be seniors, my advice is to apply to at least 5 schools. That way you have options and you always have a fall back school. I know that may sound bad, but you never know what could happen, so it’s always best to just have a “safe” school.

Now, unless you’re rich, most people cannot afford college. Never think you cannot go to college or decide not to apply or go to a school because it is too expensive. That’s what financial aid, scholarships, and loans are for. A good tip to remember is to never stop looking for scholarships. Not all deadlines are the same and not every scholarship is looking for the same things. Look for ones for which you know you meet the qualifications, so that you do not put in a lot of hard work applying for a scholarship just to find out that you are not qualified for one reason or another. Also, never not apply to a scholarship because they are offering a “small” amount of money. Any amount of money you are awarded will be so much help to you because being a college student is definitly not cheap.

Although most of you have already decided on where you are going to college in the fall, I wish you all luck if you are still looking for scholarships to help you avoid taking out loans.

The most intense 3 hours of my life.

khadijah-85Hurry bus! Please hurry!!

March 31st was the craziest time for me. I elected to get my admissions decisions from Stanford, Princeton, Yale, Columbia, Williams, and Harvard by email, because truthfully, I didn’t want to wait for mail. Although I got into a lot of schools previously, including Dartmouth and several other amazing liberal arts colleges, these were the schools that would guarantee me full aid all four years, so I was excited and anxious, because they were the most competitive and selective in the country. Because I was in west coast time, I had to wait until 2pm (5pm Eastern time) for admissions decisions for all except Stanford. And for some dumb reason, that day was an early day at school. I didn’t want to wait at school for three hours, so I took the long bus home. I couldn’t stay still. “I find out where I get into today!”  I say to some people I see on the bus often. I try to read, but I can’t. Finally, an hour later, I get near a computer. 12:32 pm. Seriously?! I pace. I pace some more. I worry. I check for Stanford. No. I deflate. I cry. So impersonal! I get a yes from Williams! I feel a bit better. I have to call for Princeton and Yale, because I forgot my online password, and it was very upsetting talking to the Princeton staff. “You know, I can give you your password, but how about I tell you now, so you don’t have to wait.” Ok. “I’m sorry….” Thanks! Bye! And I quickly hang up. By now I’m so nervous. I’m anxious. I’m shaking. This is so important to me. Not just going to college, but saving my life, and soon my family’s. Securing my future. No from Stanford, Princeton, Yale. Yes from Columbia and Williams, but how can I get into three top schools in a row- let alone the most prestigious? Harvard’s up there. I got two interviews. I know they don’t know about whether I’m worth the risk. I’m homeless. I missed a lot of school. Can I handle the change? The work load? The people? I hope I convinced them. I hope my not traditionally-stellar scores will be considered under the lens of where I came from. I hope my optimism is enough to convince them I’ll be ok, I can and will handle the challenges. I hope all the help and recommendations from South Central Scholars, my school, and mentors, are enough.  By now, I’m feeling VERY insecure. I can’t take this.

At exactly 2:01 (5:01pm eastern time), I refresh Gmail. In very generic type- Harvard College: Your Admissions Decision.

“I can’t open this!” I yell to Trisha London, co-founder of South Central Scholars, and Randy Winston, the director of SCS. I was in Trisha’s office, where she and her husband, founder James London, work, and Randy Winston was comforting me. “Open it.” They say. I click. It loads. Sloooooooowly.

“…We are delighted-”

I stop there!! I can’t read anymore! I scream! I shout! I GOT INTO HARVARD! I GOT INTO HARVARD! I GOT INTO HARVARD! WHO CARES ABOUT STANFORD, PRINCETON, OR YALE? I GOT INTO HARVARD! I play the melodic classical music video given to admits. It seems so Harvard-y.

Then, I call my mom. I tell her the news. She was staying at a shelter in downtown at the time.

The relief, the happiness in her voice. Yes mom, you didn’t mess up. Our trials, our tribulations, the pain, it’s ok now. Because mom, your daughter, your daughter, got into Harvard.

College Acceptances, Visits, and Impact!

jesse-85You finally found out if you got in or not!! This is such an exciting time for you, your family, and your friends- Here’s a video with some tips on what to do now that you know where you got in!

the home front

joseph-85The month is Marching by and those decision letters are going to start trickling in.  Some will have good news, others will have disappointment.  Perhaps the best advice I can think of is the same I was told the first time on an airplane, “whatever is going to happen is going to happen,” and chances are you really can’t control what’s going to happen. Worrying is not going change what those letters say.

For some the news is going to be bittersweet.  There is perhaps no feeling just like learning you have been accepted into a school that isn’t affordable.  While disheartening, there is probably hope if you continue to look for scholarships from other sources and talk to the financial aid office.  If you are good enough for a school to accept you, then chances are they will do what is reasonably possible in their view to help you.

Seniors, this is your last semester, but it’s still important.  Some of the books I read last year around this time were important to my development.  In essence, I’m saying, do your work.  This semester IS important.  It’s also not only a good time to see your friends but to have great conversations with your teachers.  This is the time that they will open up to you and you might just find one that is a terribly fascinating person who you didn’t think was before.  Anyway, that’s all for now, but good luck!

Got Mentors?

jesse-85I always thought that college wasn’t an option for me. I didn’t really know anyone who had made it to college and no one in my family had gone either, so it seemed like college was nothing but a fantasy for me. Not having a mentor can leave you without a sense of direction- you need someone there to go to for advice, to keep you motivated, and to help you out in times of need. It is very important to find this person in your life early on so they can help you make the right decisions from the beginning.

A mentor can be anyone- a counselor at school, a teacher, a youth group pastor, or a sports coach. It doesn’t matter what they do; what matters is how well you can open up to this person and their ability to give you good advice on things that they know something about. This is why mentors are usually older and wiser than you are.

I found mentors in a number of environments and each one was able to help me out in a different way. The mentors I found at Reality Changers and at my school were able to help me feel confident about my ability to go to college, and they even helped me with the college application process. I spent countless nights in the Reality Changers building working on college applications and it sure did pay off! Reality Changers explained what I needed to know about financial aid and scholarships and even helped me fill out the forms!

Mentors are important, get yourself one! Not just anyone, find the right mentor for YOU.

Sometimes you get lucky and you run into someone who would be a great mentor, but most of the time, you have to go out and search! Schedule meetings with your counselors or teachers, just drop by before or after school, or even ask to have lunch with them. Show initiative- get to know them! This is the only way you’ll know if they’re right for you.

If you feel like there isn’t anyone that you can relate to at your school, look in your area for programs like Reality Changers to help you out. You are not alone. There is guidance out there, you just have to look for it.

“Free” Education- But You’ll have some ‘Splainin’ to do!

khadijah-85Can YOU afford a $200,000 education? You, whose parents are on TANF, who helps your parents by working a full-time job, in addition to school? You should probably go to your state school, it only costs $20,000, 1/10 the price of a fancy-smhancy private school, like Harvard, Williams, Stanford.  Or better yet, community college. What are you thinking applying to that private school?

Except, one thing-  I’m getting a $200,000 education.  For free.

Wait. What? Free? Gratis? My parents have a Trust Fund, that’s probably it.

Actually, nope.

In a remarkable twist of fate, for the first time in my life- being POOR was a good thing. You know why? Some colleges are beginning to recognize that intelligence doesn’t correlate with income and many are putting their money where their mouths are.

WHEW!

But don’t breathe a sigh of relief yet. Get ready for weeks of explaining your financial situation to colleges. The FAFSA was created for the traditional college student  – traditional age, two parents and 2.5 kids, no extended family issues, etc. – not exactly room to put extenuating circumstances like ours. And a lot of times, your EFC (Expected Family Contribution) will be higher than your family can actually afford. That’s why you need to get in touch with your financial aid officer early, at whatever schools you are thinking of going to. Tell them your situation. Be COMPLETELY honest. I told them my mom had no income, and they kept asking for tax forms. It was extremely frustrating. They asked for my father’s information, and it took them a while to finally understand that I had NO contact with my father and so I could not provide that information. But keep it up, be persistent with financial aid, and it will pay off, literally!

It is important to understand the difference between price and cost. The price is what colleges charge absent any financial aid – that’s that big number on the website. For most private colleges, that number is daunting. But the other important number is cost – what it will cost you once your financial aid is factored in. Because many schools are heavily endowed, they can make the cost of attending an elite private school less than a less expensive public school. Seriously, (for the juniors and younger out there) apply to the private schools. They can often give better financial packages than your state school. UCLA, for example, is more expensive for me than Harvard! UCLA, keep in mind, costs ~$80,000 while Harvard costs 200,000+. Yet Harvard is cheaper for me because they can afford to give financial aid. Look for the term “need-blind.” That term means they will admit you regardless of your ability to pay. In fact, the admissions office does not consider your need at all in making the admission decision. The other term to look for is “full need.” That means that the school will meet your full financial need – but that’s a bit dicey because your need is determined by a pretty inflexible standard that does not respond well to non-traditional families. And how they meet that need can vary greatly with combinations of grants, loans and work-study. A number of schools state they offer both need-blind admissions and full-need for U.S. students. There is room for some professional judgment and flexibility so be sure to give your financial aid office all the information about you and your family.

Now, because of the economic recession, schools are a bit, shall we say, tighter with their wallets. But don’t lose hope! Schools know the value of highly qualified students from different backgrounds, and the right school for you will provide you with a financial package you and your family will be happy with.

And by the way, all this talk about a free education is a bit misleading. I can tell you that you will pay in blood, sweat and tears for every penny of your education!

Unlike this post, do not be super late with your FAFSA form

duylam-85I think the post title sums it all up, hah.

I am tempted to make a Vlog, like my fellow scholar, and perhaps I will ride his coat tails later on.

But that is the biggest tip I can tell you. You should definitely check out your schools’ deadlines just to make sure you’re on point. You can find out most dates on the FAFSA website, but you may have to go to your school’s website.

I just recently filled out my FAFSA. Not as daunting as it seems anymore. So don’t stress your first time around. Or maybe it’s just me. But the FAFSA is much easier now because they’ve added hints and the like, also read thoroughly. I was about to fill out this one section about my mom’s assets and I called Babson just to check if they need that part, and they didn’t. So just be patient with what you’re doing so you can save yourself time and a headache later.

Hah, not much I can say about the FAFSA I think. Government Aid is nice, but it doesn’t cover it all. And don’t think about school as an expense. It is an investment in your future.

Also here is a blog you should definitely check out – Cal Newport’s Study Hacks – just a little light reading for you now that your apps are done.

Quest for College… Financial Deal or No Deal?

lysa-85Hey Guys! I know I haven’t posted in a while, but I’ve been on campus for the entire month of January. Williams has a winter study term during the month of January, where you take one course weekly for the entire month. Usually these courses are not as straining as the semester long academic courses, and they range from Baking classes to trips to the Bahamas to study sustainable agriculture. The best part is that it’s the one time you’re allowed to be off campus periodically besides studying abroad for a whole semester!

So this winter study, I took a course called Quest for College. It was an early college awareness program devised by one of the Deans of my college. We would travel to various high schools throughout the county surrounding Williams, and facilitate a game called Quest for College, about how to prepare for college, choose the right schools to apply to, test taking suggestions and financial aid awareness. It was a really great experience. I learned a lot from the students and about the college admissions process, because we visited surrounding colleges as well.

One of the most important things that I learned that I really want to share with all of you was about financial aid. So, let’s say you’ve applied to all your top choice schools and you’re starting to get acceptance letters in the mail this spring. So, you get your letter back from your first choice school: YOU GOT IN!…And then, you get a letter from your second choice school..YOU GOT IN!.. BUT, the second choice school is offering you a better financial aid package. Which school should you go to?

This question might seem a bit tricky. It might surprise you, but YOU DON’T JUST HAVE TO ATTEND your second choice school just because it costs less. This is because, FINANCIAL AID IS NOT A TAKE-IT OR -LEAVE IT PROPOSITION! Nothing is set in stone yet. You have the option to accept or decline certain aspects of your financial aid package. And if you really want to go to your first choice , all you have to do is call them and discuss relooking at your financial aid package. AFTERALL, THEY ALREADY ACCEPTED YOU…IF THEY WANT YOU TO GO TO SCHOOL THERE…then they are going to help you out as much as they can. I have had friends who have called schools and told them that another school was offering them more money and that they would have to go to that school, due to that reason. And you know what?? The other school increased their financial aid offering. So, the moral of this story, is that NEVER GIVE UP IF YOU TRULY WANT TO GO TO  A SCHOOL…..it’s better to call and find out if there is anything else they can do for you..even if they recommend some outside scholarships you could apply for or figure a work-study program into your package. The worst that can happen is they’ll say that there’s nothing more they can offer you. In that case the decision is up to you, but you still have other great schools to choose from! Don’t ever limit yourself! In the end it’s always worth a shot to ask. Financial aid offices should be dealt with in a similar way as your parents. If you want something from your parents what do you typically do? YOU DON’T JUST GIVE UP…. YOU ASK UNTIL YOU GET SOMETHING OUT OF THE SITUATION! Try doing the same with colleges. Be Optimistic!

Makin’ it rain with Financial Aid!!

jesse-85Finally back at school! Semester #2, Here we go! But how are you going to pay for college though?? Watch my first video blog to find out!