View Post

4 Last Minute Tips for Paying for College

LendKey

In College Planning & Financial AidLendKey

The beginning of a new school year can be stressful, especially if you are still struggling with paying for college. Here are four things to put on your to-do list to ensure you are ready to start the year off on the right foot. 1. Your financial aid needs to be ready: If you have not yet received any info from your financial aid office by now, you should be concerned. Financial Aid offices package students for funding all throughout the summer. If you have not been packaged for Financial Aid yet it could be for one of the following reasons: You …

View Post

What do you want from college? Connect the Dots!

LendKey

In College Planning & Financial AidLendKey

Deciding on what you really want from college is a personal decision. It comes down to two major areas of fulfillment when one considers what they want from the experience. They are the fulfillment of current social needs and preparation for future self-support. Fulfillment of current social needs is easy to figure out. It’s all about having a good time at school and it is easy to do. For many students, the recent status of adulthood combined with time away from mom and dad in an environment of like-minded young people creates a synergy of fun. It is what society …

View Post

Your college roommate: The ideal candidate and the realities of co-habitation

LendKey

In College Planning & Financial AidLendKey

A quick scan on the topic of “college roommates” on Google yields a ton of different websites and blogs with topics ranging from top ten tip lists, to terrible roommate stories. It’s a topic of major concern, especially for incoming freshman nervous about who awaits them come move in day. However, a lot of the anxiety is relieved when a good roommate is found. While many hear about the horror stories, the reality is that most roommate relationships go pretty well because both parties involved want the same thing; peaceful co-habitation. Knowns versus Unknowns In college there are usually two …

View Post

Choosing a major for undergraduates

LendKey

In College Planning & Financial AidLendKey

Choosing a college major can be a stressful event. That’s because a college major represents a focus of study that can dictate a career path. For students that attend college for the purpose of future gainful employment the choice of major becomes a weighty decision. But before any student loads stress upon themselves they should recognize some key points. Academic assessments When trying to determine a major, you have the option of test assessments to help you along. Test assessments identify a base of knowledge in a student, and can also ask psychological profile questions to gauge characteristics. Test assessments can …

View Post

Starting College: Getting the most out of your first week

LendKey

In College Planning & Financial AidLendKey

You are about to head off to school. A million things are going through your mind. Worrying about new classes, all the new friends, should you join a frat/sorority, research projects and assignments, dealing with your bill and financial aid; the list goes on and on. It is a lot of stress. So take a deep breath and center yourself because it moves real quick. The best thing to do is get a good start on your first week of college and set yourself up for a successful semester. 1. Start making friends early and often Orientation Day, move in …

View Post

New Rules for Student Loans: Matching a Career to Debt Repayment

LendKey

In College Planning & Financial AidLendKey

The reason why most students attend college is in order to secure a job after graduation. The job that college graduates are searching for is one that can afford them to take care of themselves and allow them to repay any student loans they took out. However many students that have graduated in the past few years find themselves working but unable to earn enough income to pay back their school debts easily. What is a student entering college now to do? Before starting college, a student needs to account for what career path they envision after they graduate. If …

View Post

Top 5 Planning Tips for Financing a Worthwhile College Education

LendKey

In College Planning & Financial AidLendKey

Proper planning is a key part of financing a college education. As college costs have increased more families have used federal and private student loans to pay for tuition. However the assumption that a college degree is worth whatever debt used to pay for it has quickly eroded. Just ask any recent graduate that is unemployed with student loan payments due. The need for proper planning has intensified. Families need to think critically about college prospects considering debt and job opportunities. These 5 tips for college planning can help you choose a major that makes sense and control any student …

View Post

First Generation College Students Need Financial Literacy

LendKey

In College Planning & Financial AidLendKey

Going to college is an opportunity for many young people to expand their minds as they develop into adulthood. College does provide the environment, the people and the tools for students to build an academic and intellectual base, but the thirst for knowledge does not end there. Students need to learn how to apply college knowledge to their lives to create economic opportunity, and being financially literate typically improves someone’s vision about their future economic prospects. In today’s knowledge based economy, someone that knows how to apply themselves better than others is in best position to earn future income. An article …

View Post

The “Average” College Student? It’s Not Who You Might Think

LendKey

In College Planning & Financial AidLendKey

You’re a 29 year-old mother of a one-year-old who’s thinking about going back to school to become an MRI technician. You might be a little nervous—after all, you’re not exactly the “average” college student. Or, are you? Surprisingly enough, only a very small percentage of today’s students—15% to be exact—fall into what we might have historically defined as an average or traditional college student. As per this Atlantic Monthly article (which references a study by the National Center for Education Statistics), this 15% is someone who attends a four-year college and lives on campus (which we’ll assume is roughly shorthand …

View Post

Student Loan Refund Do’s and Don’ts

LendKey

In College Planning & Financial AidLendKey

Student Loan Refund season is when the semester gets started and students look forward to gaining any extra money left after financial aid and student loans cover their college expenses. Student loan refunds can be used for typical student expenses, like supplies, lab equipment and technology. However, since refund checks originate basically from student loan funding, either federal or private student loans, it all needs to be paid back with interest. Here are some Do’s and Don’ts to encourage more financial literacy. Do: Make smart technology purchases that provide value. Small, agile digital devices are usually enough to get through …

View Post

The Best Way to Save For College? What Every Parent Should Know About 529 Plans

LendKey

In College Planning & Financial AidLendKey

You are not alone if you feel that saving for college and selecting the correct savings vehicle can be a daunting task. A recent national Gallup survey revealed that saving for college is the top financial concern of parents with children under 18. A 2013 Sallie Mae survey found that 67% of families eliminated schools based on cost and the Wall Street Journal reported that 70% of undergraduates in 2014 borrowed an average of $33,000. How do you increase college options and help reduce student loan debt for your family? If you haven’t starting saving yet, start now. When you …

View Post

What Has a Bigger Influence Over Your Income, Your Choice of School or Academic/Career Major?

LendKey

In College Planning & Financial AidLendKey

Earning a diploma from a prestigious university can surround you with ambitious students who are at the top of their class, and on your resume it may impress potential employers. That could open lots of doors and potentially lead to higher income. There are also career choices or professional fields that hold the promise of greater earning power.  When there is a shortage of skilled workers in a particular specialty, that pushes up salaries and makes it easier to land a job right out of school. Choosing that kind of high-demand career could lead to greater income. So which should …