Wednesday, July 2College Admissions News

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SoFi Student Loan Review – Student Loan Hero
Financial Aid

SoFi Student Loan Review – Student Loan Hero

Social Finance — more commonly known as SoFi — became the first company to refinance both federal and private student loans in 2012 and has remained an industry leader. More recently, in 2019, the online lender began providing student loans for current students and their parents. While sometimes restrictive with its eligibility requirements, SoFi reviews and improves its products to reward members with competitive interest rates, a high degree of repayment flexibility and unique, company-exclusive benefits. SoFi student loan refinance review SoFi is one of the largest student loan refinancing companies in the industry. The online lender has refinanced over $30 billion worth of student loans for more than 375,000 members, while delivering many features n...
How To Save Money For College Tuition
College Planning

How To Save Money For College Tuition

“And as with any investment, but especially with college savings plans, it’s always best to begin putting aside money as soon as you can.” This tagline from U.S. News says it all. It doesn’t matter what you put your money into to save for college — starting as early as possible is universally the best decision you can make. But, when exactly should your financial plan begin for funding college? Ideally, it’s best to start when you’re thinking about having children. However, it’s most likely that more than a few years have passed since that time in your family’s life. So, let’s turn our thoughts from when to where. Here are my top 11 suggestions for the best places to save money for college tuition. How To Save Money For College Tuition – The Top 11 Places 1. Section 529 College Savings Pl...
4 Steps to Make Your Provisional Admission Permanent
College Planning

4 Steps to Make Your Provisional Admission Permanent

Did you get a provisional offer of admission from your dream college? What does provisional admission mean, and what do you need to do next? And have you been accepted or not? Provisional admission can be confusing for students and parents to navigate, but we're here to explain the process as well as the steps you need to take to get that official admissions letter.   What Is Provisional Admission? If you receive a provisional offer of admission, what does that actually mean? A provisional admission means that you'll be admitted to the school provided you complete a certain set of requirements (these will be spelled out for you when you receive the provisional admission). The requirements are often one or more classes you need to complete (often earning a certain letter grade in them) or...
The Importance of Education in the Indian American Community
College Planning

The Importance of Education in the Indian American Community

June 15, 2022 We applaud a rising Stanford freshman for shining a light on the importance of education in the Indian American community (photo credit: King of Hearts). Are you the child of immigrants from India? Do your parents’ friends go up to you at Costco and ask where you’ll be applying to college? Do you regularly Google the US News & World Report college rankings? If so, know that you’re not alone. Like many other young Indian Americans, your parents value education as they believe an elite American university will be your ticket to the American Dream. And your parents are not wrong. As we’ve shown time and again on the pages of this college admissions blog, attending an Ivy League or other high...
Nelnet Bank/U-Fi Student Loan Review
Financial Aid

Nelnet Bank/U-Fi Student Loan Review

U-Fi by Nelnet was a leading private student loan lender. However, in April 2022, U-Fi was phased out — Nelnet now operates its private student loan and student loan refinancing business under the name Nelnet Bank. Through Nelnet Bank, customers can borrow money for their undergraduate or graduate degrees, or refinance existing student loans. Nelnet Bank (formerly U-Fi) student loan refinance review With Nelnet Bank, you can refinance your loans and select a loan term as long as 25 years. Plus, Nelnet Bank is one of just a few lenders that allow parents to refinance and transfer the loans to the student. Nelnet Bank student loan refinancing is a good fit for parent PLUS loan borrowers that want to transfer their debt to their child. (Note, however, that...
Impact of $10,000 in Student Loan Forgiveness
Financial Aid

Impact of $10,000 in Student Loan Forgiveness

The White House says there’s no final decision on student loan cancellation, despite a report from the Washington Post that the Biden administration is set to forgive $10,000 per federal borrower. The latest Student Loan Hero study looks at how borrowers would be impacted by the proposed $10,000 in forgiveness. For deeply indebted borrowers, the impact might be minimal, but it could potentially free others — 1 in 3 eligible borrowers, in fact — from all their federal student debt. The difference lies in how much debt each borrower carries and what kind of student loans they have. It’s expected that only federal loans owned by the government will be eligible for forgiveness, accounting for about $1.4 trillion (or 78%) of outstanding student debt. Forgiveness isn’t...
Selecting a Grad School Admissions Consultant
Graduate Admissions

Selecting a Grad School Admissions Consultant

Seven years ago, I wrote a blog post by the same title that offered a framework for selecting a graduate school admissions consultant.  As a former Admissions and Financial Aid Officer at Harvard University Graduate School of Arts and Sciences, I want to help busy students and working professionals vet their options. I have also been on the other side of the process, having earned two graduate school degrees myself (Masters and PhD). The graduate school admissions landscape has not gotten any easier since then —the pandemic has led students to apply to medical school, law school, MBA and other graduate school programs in droves. The most crowded graduate school fields? Business, biological/agricultural sciences, and health sciences, of course (the COVID fixer fields). As U.S....
How to Win a McDonald’s Scholarship
College Planning

How to Win a McDonald’s Scholarship

McDonald's charities offer many different scholarships for college-bound seniors all over the country, all with different awards and eligibility requirements. Because there's so much variability among awards, applying for a McDonald's scholarship can seem daunting. Ultimately, though, it's worth it to apply—since 1985, Ronald McDonald House Charities have given out over $65 million in scholarships. Wouldn't it be great to get a small piece of that? I'll walk you through the different types of scholarship awards that McDonald's offers, in addition to offering tips and strategies to optimize your chances of winning your own award. (more…)
What You Need to Qualify
College Planning

What You Need to Qualify

If you're a student athlete who wants to play in NCAA Division I or Division II sports in college, then this article is for you! We'll review NCAA's eligibility criteria for your GPA and ACT score, which NCAA compares using a sliding scale. More importantly, we'll give you the tips and strategies you need to achieve the NCAA ACT scores required for passing the clearinghouse. First, let's quickly review how your grade point average, or GPA, is determined. (more…)
The Best Scholarships for Juniors in High School
College Planning

The Best Scholarships for Juniors in High School

  Many students think that they should begin looking at college scholarships once they actually start applying to college—so some time early in their senior year. Although it's true that many big-name scholarships require applicants to be high school seniors, there are some great awards out there for younger students as well. So why not get a head start on applying for scholarship awards? You could win money for college, sure, but you'll also get experience with the scholarship application process before submitting even more applications during your senior year. We've compiled a list of scholarships for high school juniors. This list will be a great place to start, but you might also want to search for more targeted awards (e.g., by geographic area). You can browse the scholarships below...
The 2022 Counselors That Change Lives Awards – Colleges That Change Lives
College Search

The 2022 Counselors That Change Lives Awards – Colleges That Change Lives

The Counselors That Change Lives Award recognizes those whose dedication to the college counseling profession reflects the CTCL ideals. By helping students frame their search beyond the ratings and rankings to find a college that provides the foundation for a successful and fulfilling life, these counselors change lives. Jesse Bowen — Woodward Academy (GA)Nominated by Jade Domingue of Agnes Scott CollegeJesse changes lives both in his direct work with students and via his advocacy on their behalf. He champions liberal arts colleges and challenges himself to stay updated and engaged so that he can better direct more of his students to them. He is a cheerleader and ambassador for both his students and the colleges he believes are best for them. Jesse writes highly personalized recommendati...
Should You Go to College? 4 Pros and 3 Cons
College Planning

Should You Go to College? 4 Pros and 3 Cons

The decision to attend college is a big one. Getting a college degree takes time: at least four years for most people. Getting a college degree also costs money: tens of thousands of dollars for most people. You might be asking yourself, "Is it worth it? Should I go to college?" In this article, I'll explain the benefits of going to college and detail some of the potential drawbacks. Furthermore, I'll give you all the information you need to decide whether or not you should pursue a college degree.   4 Major Benefits of Going to College Going to college can make you richer, happier, and healthier—sounds good to me! Here, we take a look at the four biggest benefits of attending college.   #1: There Are Many Financial and Career Benefits Let's start by considering the financial advanta...
13 Tips to Prepare for Law School
College Rankings

13 Tips to Prepare for Law School

Do you want to be a lawyer? In the United States, you need to graduate from a 4-year college and then go to law school if you want to practice law. What is the best way to prepare for law school? What should you be doing in your undergraduate years to make yourself the most competitive applicant? In this article, we'll tell you about the best pre-law majors and explain what you need to do to get into the law school of your dreams.   What Does Pre-Law Mean? The term "pre-law" refers to any course of study by an undergraduate college student to prepare for law school. A few colleges have a specific pre-law major for those students who intend to go to law school, but you can major in any subject and still enter law school, as long as you successfully complete college and get a bachelo...
Best ACT Prep Books 2022
College Planning

Best ACT Prep Books 2022

There are numerous "Best ACT Books" lists out there. But we think most of them aren't very good or thorough, so I've tried to write a much better guide here. In this article, you'll learn which books are absolutely critical for your ACT prep, which focus on improving individual sections, and which you'll need if you're aiming for a top score. Most importantly, you'll learn how to use these top-notch ACT prep books for effective studying. This guide is pretty detailed, so here are some quick links you can use to jump around to different topics. That said, I recommend reading the whole article if you can!   What's Better About This Guide to the Best ACT Books? Because your ACT score is important for getting into college and you'll probably spend a good amount of time studying, it's impor...
The 21 Best Colleges for Students With Learning Disabilities
College Search

The 21 Best Colleges for Students With Learning Disabilities

Figuring out which colleges you're interested in is arguably the most difficult part of the college application process. There's so much information to sift through—how could brief campus visits and informational brochures really tell you where you'll be most successful? This process is even harder for students with learning disabilities. You want to make sure there are programs in place to help you be the best you can be no matter where you go to school. If you want to apply to colleges for students with learning disabilities, this article is a great place to start your college search. We'll start off by talking about what these specialty programs have to offer before getting to the rankings. Afterward, we'll discuss the next steps to take if you decide a learning disability program ...