Can a student’s choice of major or degree have an impact on lifetime earnings? According to recently released data from the US Census Bureau, it can. Not only does a choice in major impact overall lifetime earnings, the degree, itself, can even have an impact on earnings for people within a given career. Here’s what a few of our College Coach admission experts have to say…
Are you looking for advice about curriculum choices and extracurricular activities? Do you need assistance with a college list? Are you hoping your child can complete as many of his application essays as possible before the end of summer? Do you need an independent college counselor but aren’t sure how best to evaluate your options?
As a former admissions officer for the University of Pennsylvania and current independent college counselor, here are some questions I would ask:
Have you done admissions before? Where did you work and did you participate in the decision making process?
Student loans have been all over the news lately, and most of the news has been pretty frightening. The Boston Globe recently reported that outstanding student loan debt now totals $870 billion, surpassing both credit card and auto loan debt as a fraction of the economy, with over 14% of borrowers currently delinquent on payments. And the Washington Post detailed how Americans over age 60 still owe approximately $60 billion in student loans, borrowed either for themselves or to help put children or grandchildren through school, putting the retirement of older borrowers at risk.
While student loan statistics are scary, your family does not have to be a statistic. The key to using student loans successfully is to consider them a part of your college financing strategy, not the whole. Want to use them the right way? Take the following advice from our college financial planning experts: