Archive | Lynn’s Blog

Here is the Best College Loan

As recently as the early 1990s, most students did not take out college loans. Today roughly two out of every three students borrow to pay for college due to the runaway cost of college. The typical student borrower is now leaving school with debt of roughly $37,000. Just the outstanding federal college loan debt now […]

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When College Sticker Prices Can Matter

College sticker prices are often meaningless because most students at state and private universities don’t pay it. Published prices, however, can be a helpful starting point when exploring what kind of price break, in the form of scholarship and grants, your child might get at a particular institution. Here’s an example: Your teenager receives a […]

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Success Story! Saying No to a Dream College

Last month I heard from many parents agonizing about whether to let their teenagers attend their dream colleges. These dream colleges were inevitably highly selective to elite universities which cost $65,000 to $70,000 a year! I don’t believe any college or universities is worth paying that kind of money! My most recent blog post, which […]

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How to Decipher a Financial Aid Letter

Financial aid awards are often confusing. I believe many colleges and universities intentionally make financial aid awards hard to decipher to trick families into thinking that their institutions are being generous even when they aren’t. Obfuscation is an effective way to keep parents off balance. Since we are heading into the season when students will […]

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Should You Pay More Than $66,000 for Northeastern University?

This is the time of year when parents and teenagers stress about their college choices. Parents whose children have expensive collegiate tastes can struggle with the some variation of the following question: Should they spend obscene amounts of money so their children can attend their dream school or should they insist that their children stick […]

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