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It’s Never Too Early to
Prepare for College
Tameka Williamson
College Consultant
Amazon Best-Selling Author
My Own College...
College Planning 101
College Planning 101
Today’s Parent……
• Wait until their child is a HS
Junior/Senior to discuss college
• Have zero or les...
College Planning 101
Inflation-Adjusted Published Tuition and Fees Relative to 1983-84,
1983-84 to 2013-14 (1983-84 = 100)...
College Planning 101
•
•
•
•
•

Average Public University Costs: ~ $20K
Average Private University Costs: ~ $40K
Average E...
College Planning 101
•
•
•
•
•

Why College
How to get there?
What Colleges look for?
How to pay for it?
When to start?
Why College
• 66% of the 21st Century Jobs will
require some type of education
beyond H.S.
•

Types of Colleges/Universiti...
How to Get There
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 FA...
How To Get There
1.
2.
3.
4.

Start early
Plan & Prepare for it
Develop a team
Hire a professional college
consultant
5. N...
What Colleges Look For
What Colleges Look For
What Colleges Look For
College Acceptance Rates
In 2013, college acceptance rates dropped as low as 5.69% for the first ti...
How to Pay for College
Submit a FAFSA
How to Pay for College
Types of Aid
• FREE Money
•
•
•
•

•
•

Scholarships – merit and need
Grants
Work Study
Endowment F...
How to Pay for College
Financial Aid Myths and Realities
• Make too much money - Myth
• My child is not Valedictorian - My...
How to Pay for College
Undergraduate Student Aid by Source and Type (in Billions), 2012-13

SOURCE: The College Board, Tre...
How to Pay for College
Graduate Student Aid by Source and Type (in Billions), 2012-13

SOURCE: The College Board, Trends i...
How to Pay for College
Percentage of Undergraduate Students Borrowing Federal Subsidized
and Unsubsidized Loans, 2002-03, ...
When to Start
What You Want to SEE…
What You Want to SEE…
It’s Never Too Early to Prepare
for College
Thank You!!
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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 Funded for their college education without student loans.

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Planning and Paying for College

  1. 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. 2. College Planning 101
  3. 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. 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. 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. 6. College Planning 101 • • • • • Why College How to get there? What Colleges look for? How to pay for it? When to start?
  7. 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. 8. How to Get There
  9. 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. 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. 11. What Colleges Look For
  12. 12. What Colleges Look For
  13. 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. 14. How to Pay for College Submit a FAFSA
  15. 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. 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. 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. 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. 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. 20. When to Start
  21. 21. What You Want to SEE…
  22. 22. What You Want to SEE…
  23. 23. It’s Never Too Early to Prepare for College
  24. 24. Thank You!!

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