Yesterday I wrote this provocative post: Why High School Counselors Don’t Know Much About College. Today I wanted to follow up with 10 things that the typical high school counselors doesn’t know. Here goes:
1. There are roughly 50 colleges and universities in the country that are no-loan schools, which means they meet a student’s financial aid need with grants that don’t have to be repaid.
2. Private scholarships are inferior to scholarships that college award themselves even the private scholarships are the ones that counselors often urge students to find.
3. College price tags are meaningless. The average tuition discount at private colleges is 33.5% and 15% at state universities.
4. They don’t understand the differences between the FAFSA and the CSS/Financial Aid PROFILE.
6. Graduation rates are abysmal at the vast majority of colleges and universities. Fewer than 60% of college students graduate in six years.
7. Because of low graduation rates at the typical public university, private colleges can be cheaper than public one for some students. Eighty percent of students attending private schools have received a college scholarship from their institutions.
8. Not all state universities are alike in educating students, but successful ones tend to share certain characteristics.
9. Minority students often don’t have to be as talented to gain entry into the most elite colleges and universities, but Asian high school students are penalized.
10. Many out-of-state public universities will offer cheaper tuition to promising students through reciprocal agreements and other arrangements.