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Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
Planning and Paying for College
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Planning and Paying for College

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What parents need to know about college admissions, financial aid, scholarships. What colleges and universities look for helps students prepare appropriately so they Get Noticed, Get Admitted and Get …

What parents need to know about college admissions, financial aid, scholarships. What colleges and universities look for helps students prepare appropriately so they Get Noticed, Get Admitted and Get Funded for their college education without student loans.

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  • 1. It’s Never Too Early to Prepare for College Tameka Williamson College Consultant Amazon Best-Selling Author My Own College Coach www.myowncollegecoach.com www.tamekawilliamson.com
  • 2. College Planning 101
  • 3. College Planning 101 Today’s Parent…… • Wait until their child is a HS Junior/Senior to discuss college • Have zero or less than 5% of their income in savings • Has more consumer debt than ever • Can’t afford one semester/yr of tuition • Thought they still had time to prepare • May have to sacrifice their home or retirement to pay for college
  • 4. College Planning 101 Inflation-Adjusted Published Tuition and Fees Relative to 1983-84, 1983-84 to 2013-14 (1983-84 = 100) SOURCE: The College Board, Trends in College Pricing 2013, Figure 5 .
  • 5. College Planning 101 • • • • • Average Public University Costs: ~ $20K Average Private University Costs: ~ $40K Average Elite Private University Costs: ~ $55K 5 years can cost $100K - $280K (x’s # of kids) COA: Tuition, books, room and board, living expenses, etc. • Cost increase 7-8% annually
  • 6. College Planning 101 • • • • • Why College How to get there? What Colleges look for? How to pay for it? When to start?
  • 7. Why College • 66% of the 21st Century Jobs will require some type of education beyond H.S. • Types of Colleges/Universities • • • Private/Public For Profit/Non-Profit Level of schools: • • • • 4 Year College/University Community College Trade/Technical School Online Schools
  • 8. How to Get There
  • 9. How to Get There…. 1. Graduate from H.S. or get GED 2. Pass ACT/SAT 3. Get Admitted to a College/University 4. Complete FAFSA 5. Pay for College/University 6. Graduate from College
  • 10. How To Get There 1. 2. 3. 4. Start early Plan & Prepare for it Develop a team Hire a professional college consultant 5. Network 6. Right positioning
  • 11. What Colleges Look For
  • 12. What Colleges Look For
  • 13. What Colleges Look For College Acceptance Rates In 2013, college acceptance rates dropped as low as 5.69% for the first time ever. Some of the most selective schools were Harvard University (5.79%) in Cambridge, MA, Stanford University (5.69%) in Palo Alto, CA, Yale University (6.72%) in New Haven, CT, and Columbia University (6.89%) in New York, NY. University of Georgia: 53% Georgia Institute of Technology: 39.37% overall; 53% early; 18% regular decision Vanderbilt University: 11.97% overall; 21.6% early decision; 10.84% regular decision School Amherst College Babson College Boston College Brown University Columbia University Cooper Union Cornell University Dartmouth College Duke University 2013 13.67% 28.18% 32% 9.2% 6.89% 7.27% 15.2% 10% 11.6% 2012 11.92% 29.0% 28.82% 9.60% 7.42% 6.33% 16.19% 9.43% 11.87% 2011 12.76% 33.19% 27.88% 8.70% 6.93% 7.22% 17.95% 9.73% 12.59%
  • 14. How to Pay for College Submit a FAFSA
  • 15. How to Pay for College Types of Aid • FREE Money • • • • • • Scholarships – merit and need Grants Work Study Endowment Funds Savings/Investments Loans • • • • Student Loans Parent Loans Private Loans House Line of Equity
  • 16. How to Pay for College Financial Aid Myths and Realities • Make too much money - Myth • My child is not Valedictorian - Myth • We own a home - Both • Aid is only for a special group - Myth • It’s an easy process – Your Choice • School officials can help - Partially
  • 17. How to Pay for College Undergraduate Student Aid by Source and Type (in Billions), 2012-13 SOURCE: The College Board, Trends in Student Aid 2013, Figure 2A.
  • 18. How to Pay for College Graduate Student Aid by Source and Type (in Billions), 2012-13 SOURCE: The College Board, Trends in Student Aid 2013, Figure 2B.
  • 19. How to Pay for College Percentage of Undergraduate Students Borrowing Federal Subsidized and Unsubsidized Loans, 2002-03, 2007-08, and 2012-13 SOURCE: The College Board, Trends in Student Aid 2013, Figure 9A
  • 20. When to Start
  • 21. What You Want to SEE…
  • 22. What You Want to SEE…
  • 23. It’s Never Too Early to Prepare for College
  • 24. Thank You!!

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