PITFALLS OF COLLEGE ADMISSIONS AND FINANCING
There are not too many more important decisions a parent can make than sending a child to college. Do you want the right decision or just any decision? We help you make the right decision; 92% of our clients' children graduate from college in 5 years.
Lack of Time:
- There is never enough of it!
- Planning for college should not be fast, furious, or improvising
- Leaving planning to the last minute limits options
Lack of Expertise:
- Unfamiliar terms, complicated and confusing forms can leave parents overwhelmed
- Many parents inform themselves into procrastination
- For many parents this is the first adult decision they will make with their child, and this may be unfamiliar territory for some.
Lack of Knowledge:
- Most parents don’t know all the right questions to ask
- The lack of uniformity from one college to another can be confusing & frustrating
- Many parents put too much credence in the advice of friends and acquaintances
Lack of Perspective:
- Many parents make decisions on where their child will go to college based on emotion, either love or guilt, not their head.
- Parents own educational background, family expectation, and peer or societal pressures can effect decision
- Many parents have hope of their child getting some form of scholarship money. According to the Wall Street Journal 87% of parents over estimate the scholarship their children will receive.
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DO YOU KNOW?
- 50% of college freshmen in the US do not graduate from college.*
- 25% of college students graduate in 4 years, 75% do not.
- 25% of college students transfer each year
*Boston Globe, 11/16/05
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