27 May

How Choosing the “Right” College Can Save You Money

Choosing the “right” college can be a huge challenge for students (and their parents!) but it is worth the effort! In fact, if there is one sure-fire way to waste money on college: Send your student to a college that isn’t a good fit (academically, culturally or socially!)

How Students Choose a College

For many high school students, the prospect of choosing how to spend the next four years of their lives-and jumpstart their future careers-is more than a little daunting. That’s why so many of them procrastinate on filling out college applications, hesitate to make college visits, or change the subject when college comes up in conversation. Without guidance from a parent, teacher, counselor, or even a guide book or website, students often feel lost when it comes to choosing a school.

Feeling overwhelmed and afraid are also driving factors in how students make a college decision. Left on their own, they may choose a school based on where friends plan to go, who has the best football team, the most attractive campus (or students!) or which school is closest to home. While these factors can be important, they should not be the one-and-only deciding factor that leads to the college choice.

The Price of the “Wrong” College

There are most likely a myriad of colleges that could be a perfect choice for your son or daughter, but there are also a vast number that might not be a good fit-and a bad fit will almost certainly cost you more. Why?

According to the National Center for Education Statistics, of students who received a bachelor’s degree from a 4-year institution in 1999-2000, 47% of them had attended more than one school-indicating that their first choice wasn’t what they needed.

Changing schools usually means a student will need to attend up to a full extra year of school in order to catch up with the transfer college’s requirements-and that translates into another year of fees, housing, etc. coming out of your pocketbook. Transitioning to another college can also take an emotional toll on students because they have to adjust once again to a new area, campus, lifestyle, peer group and curriculum.

As Easy as 1, 2, 3, 4, 5…

Helping your student make the right choice of school is clearly a crucial part of the application and funding process, so what guidance should you provide? There are actually quite a few things to consider, so I’m going to save that for an upcoming post. Do you want to make sure you get these tips on how to make the “right” choice the first time? Be sure you subscribe for RSS updates or subscribe to email updates so you don’t miss out, or leave me a comment with your questions!

All the best,
Deborah Fox

photo: Coins tower 1 by scol22

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6 Responses to “How Choosing the “Right” College Can Save You Money”

  1. 1
    Pay for College Blog » Blog Archive » How to Choose the “Right” College Says:

    […] you have been reading my blog, you know now that the “right” college can save you money, but how can you help your student to find that college? Here are some simple steps your student […]

  2. 2
    Pay for College Blog - Tips on reducing the cost of college Says:

    […] you have been reading my blog, you know now that the “right” college can save you money, but how can you help your student to find that college? Here are some simple steps your student […]

  3. 3
    Pay for College Blog » Blog Archive » Summer Homework: College Selection Starts Now! Says:

    […] to help your son or daughter start to decide which schools might be a good fit. (Remember, choosing the “right” college can save you money!) […]

  4. 4
    Pay for College Blog - Tips on reducing the cost of college Says:

    […] to help your son or daughter start to decide which schools might be a good fit. (Remember, choosing the “right” college can save you money!) […]

  5. 5
    Pay for College Blog - Tips on reducing the cost of college Says:

    […] in May I disclosed just how choosing the “right” college can save you money- it can result in a better financial aid package and your student is more likely to finish college […]

  6. 6
    Pay for College Blog » Blog Archive » Why NOT to Use the Forbes College Rankings to Choose a School Says:

    […] in May I disclosed just how choosing the “right” college can save you money- it can result in a better financial aid package and your student is more likely to finish college […]

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