2 days ago2 min read

COMPARING COLLEGES! It’s more than financial aid and programs

Navigating college costs goes beyond just reviewing financial aid awards. Do you know the difference between 4-year and 5-year graduation rates? Many colleges don’t clearly distinguish between grants, scholarships, and loans in their financial aid offers, making it harder to understand what you truly need to pay.

Consider this: the cost of college isn’t just about how much you’ll pay upfront or borrow; it’s also about how long it will take to graduate. Some colleges have alarmingly low 4-year graduation rates, with the average stretching to 9, 10, or even 11 semesters.

Chapter 4 of Financially Independent Teens delves into the critical details of college cost comparisons. It explains the importance of understanding the average number of semesters required to graduate from each college and provides insights on interpreting financial aid offers.

But this book is more than a guide to college costs. It’s a comprehensive resource for young adults, covering essential topics like budgeting, credit, investing, starting your first job, entrepreneurship, and planning for life after college.

Remember, the line at the bottom of the financial aid statement isn’t the best place to start your comparison.

Key factors to consider include:

· Years to complete a degree

· Loans vs. grants

· Off-campus housing costs

· Job placement rates in your field

· Food costs: Are meal plans mandatory? Are cooking facilities available?

Empower teens with the knowledge they need for financial independence. Get your copy of Financially Independent Teens on Amazon today.

Learn more: https://parentsfin.wixsite.com/website/books