On the latest episode of Getting In: A College Coach Conversation, Elizabeth Heaton celebrates her birthday with us and discusses with her guests how to consider value when building your college list, tax breaks for those paying for college, and what to do if you missed the January deadlines for applying to college.
Including Value in Your College List
In the first segment, Beth is joined by Edmit co-founder Sabrina Manville, to help think about how to build a college list including value as one of the factors to consider. They discuss what value is when talking about colleges, and how to estimate it. Sabrina reviews hard data like outcomes, loan default rates, job placement rates, and salary growth overtime, but also harder to quantify factors like your projected major, academic advising, career center, and more. Curious to learn how can help find the right college for you and your wallet? Check them out at edmit.me for both free services and package offers, including a partnership with us called Edmit Premium.
Tax Breaks for Higher Education: Part II
Last week in Part I, we talked about tax breaks for those saving for college. Today Beth is joined by Shannon Vasconcelos to talk about breaks for parents paying for college. They begin by diving into the American Opportunity Credit almost everyone is eligible to claim. Shannon clarifies who might be excluded, when to claim it, and how your 529 savings might play into the mix. Listeners will also learn about a few other credits available to those not eligible for the American Opportunity Credit.
Submitting Late Applications
In the last segment, Mary Sue Youn joins Beth to share what to do if you’ve missed the main lot of college application deadlines but still want to go to college. First, they differentiate between extenuating circumstances that might warrant a college granting an extension vs general procrastination and late starts. Next, Mary Sue debunks the myth that all colleges have deadlines and shares how to go about finding the many colleges with rolling processes extended through the spring. They also share some alternative pathways to consider.