Does saving for college (or any other savings for that matter) hurt your chances for financial aid?
It’s a question that I’ve heard many times from parents who are worried that their home equity, as well as money they have saved for retirement, college and other financial goals will kill their chances for need-based aid.
If you’ve been stressing about this, here is good news: it’s been estimated that only 7% of families who apply for need-based aid end up having their awards reduced because of their assets.
Michelle weighed in on whether state universities are always the least expensive college alternative. Spoiler alert: they aren’t. One of the challenges with public universities, beyond some of the most prestigious flagship universities, is lower graduation rates.
Here is a statistic that Michelle shared that blew my mind: only 25 states have at least one public university where at least 50% of the students graduate in four years!!
Our next college webinar will be at 4 p.m. PDT on June 30. We haven’t selected the topics yet, but we welcome your input. If you’d like us to address a specific topic, just email me at Lynn@TheCollegeSolution.com.
The best part of the live webinar, as far as I’m concerned, is the time we set aside for questions. I’d urge you to take advantage of this!
To participate in our next webinar, just head to my college webinar page at the appointed time on June 30.
One more thing….
If you can be in San Diego on Saturday morning, I’ll be conducting a college workshop via the University of California, San Diego Extension on a wide array of college topics.
If you are wondering how to shrink your college costs and find great schools for your teenager, I’d highly recommend attending. Here is a link for more information about the college workshop.