Programs For Education

“I wish I heard about you sooner.” is not an uncommon response after I explain what we do. “I expected that at least two of the colleges my daughter had her heart set on would give her more financial aid.”  Every year, several families come to us because they heard from someone that we can help them “get more money” from the top choice colleges to which their child has been accepted.

Quite often we can, but once the horse has jumped the fence and headed for the hills it is much harder to do. (One of our offices is on a equestrian farm.) You do not want to be a parent who realizes too late that the cost of four years of college is not possible without borrowing an amount that resembles the cost of a used Rolls Royce with body damage.  

No matter how often I talk about the importance of our money saving “heart attack prevention” exercise called the “Dry Run” (step # 3 in the college planning timeline) there are still families that do not take advantage of it. Of course, it is not the end of the world if the student attends a community college for a couple of years. In fact it could be a good strategy in some instances. But more satisfactory outcomes result with planning that includes an early look at the financial options all families have.   

Many families go through the college selection process content not to question the colleges’ “we have financial aid” pitch or “our average grant package is $23,000.” Wide eyed impressionable teenagers are told to “just put your application in and then apply for financial aid.” Once you are accepted “we will send you a financial aid package.” 

All that students hear (and some parents) is what they want to hear. Reality comes knocking at the door too late for many of them. Though the most frugal and financially savvy parents have saved enough to cover the first year or two, it often does not cover all four…or dare I say, five or six. To do that is very difficult without a steady source of extra income coming into the household. (By the way, we do have a solution for that too. Read the last paragraph here; then give us a call.)

In the meantime, if you have a student still in high school with college aspirations, NOW, not later, is the time to call to complete a “Dry Run”. It does not matter if the college list hasn’t been started yet either. We can suggest appropriate colleges.

This past weekend in June we saw many graduation celebrations in the towns surrounding our main office here in the heart of New England. It began about eighteen years ago for the high school seniors and who knows how many years for the college grads. (See Undergraduate Catagory below.) It seems like yesterday that I was in their shoes. Well, maybe the day before yesterday.         

The valedictorians and an assortment of college commencement speakers will have shared their words of hope and encouragement to millions of graduates by the end of June across the country. You may have heard one or two of them.

There is one speaker you will not hear at any of these celebratory events this week. But you can here. In fact, I believe anyone can benefit from his enriching words of wisdom. His name is Michael Himes. He was a Professor of Theology at Boston College.

His last lecture prior to retirement at BC was one of the most meaningful, inspirational and compassionate talks I have ever had the pleasure of hearing. I almost think that most traditional commencement speakers could be cancelled and a DVD of his last lecture simply be handed out to all the college graduates. Here is yours. Let me know what you think.    

As each spring comes and transitions into summer, I am energized with new life as I see our students conclude one phase of their education and start another. For many teenagers, it may not include college but nonetheless it is a journey toward personal growth and maturity. Hopefully, it will be more than biological maturity but emotional, spiritual and intellectual maturity as well. All of which can come about without the benefit of the college experience.

But if college is the next step, then take full advantage of it. We show students how to evaluate colleges in two important ways. First, how does the freshman class statistical profile fit their profile?  By the time the junior year is concluded, a good number of statistical measures can be seen to determine that.

Our students will do their due diligence using the AAA method. That includes seeking out the Common Data Set for each college on their list. 

Second, is the college qualified to provide the educational and social experience they are seeking? Do not measure a college by the number of professors with a PhD degree it may have. That does not mean they can teach. For example, look here at a Yale professor introducing his course in finance, Economics 252. I suggest this is one reason why our country is such poor shape financially.  Graduates are either clueless or have cleverly figured out how to “game” the system.

If you can, watch his perplexing presentation. What this professor says in the introduction to his course could be said in fifteen minutes. Someone somewhere decided that college, like high school, should be a four-year experience, as a result much of what takes up valuable class time is just inflated fluff. What is taught in four years can be covered more than adequately in three. What do you think?   

In any case, is the college faculty qualified to teach your child? And, what is it they need to learn? Those are the questions which we can help you answer. Call for a FREE “get acquainted” conversation. (978) 582-0273 or SKYPE @ (978) 582-3246

Four short years ago the college bound Class of 2006 completed their high school experience. That was a record year for student applications and competition was keen at the more competitive colleges. The American Enterprise Institute that tracks six-year graduation rates tells us that only 38% of those that went on to college are taking part in commencement ceremonies after four years as an undergraduate.

And you thought that college was going to be a four-year experience. Yes, it can be that (or less) if you do your due diligence ahead of time.   

But here are some reasons why that percentage is so shockingly low. 

1. ALL four-year colleges are considered. Both public and private from the non-competitive to the most competitive. Often large state universities and less competitive private institutions have weaker or overwhelmed advising staffs.
2. Students may fall behind on credits earned in their major.
3. They change majors more than twice; credits are not transferable.  
4. Students drop out for academic or affordability reasons.
5. Some classes are over enrolled, limited or cutback and students are not able to take the prerequisite courses in their majors in a timely fashion.

When researching each college using the AAA method a student will be better prepared to avoid most of the above scenarios. This includes understanding the data the colleges are required to report on the Common Data Set. If you do not find the CDS on the college website, ask admissions for it.

In any case, as the title of this entry states, if the Class of 2010 thought it was competitive getting into college, they are in for a bigger challenge now. Job prospects for new college graduates are at historic lows, partly caused by financial misfeasance and malfeasance on a global scale. If a recent graduate has some internship or cooperative work experience to show on his or her resume, that will help. But with the economy what it is, the challenges still remain.

The average student loan debt for graduating seniors in 2008 was $23,186. This year, I dare say the average will be at least $26,000 because the government made additional Stafford loans available to students since 2008. But that does not take into account co-signer or Plus loans that parents may have been taken out during college.

If loans are a burden, parents and students should not hesitate to call us now. We have a sure-fire plan to show you how to become debt free sooner than you think. It makes no sense in starting off with a job that does not afford you the ability to pay basic necessities, provide the comforts and lifestyle you want to have and still meet monthly debt obligations.  

       In the meantime, graduates, get ready for the toughest job you will have.

Start by reading this timely New York Times article ~ How to market yourself.

According to the Department of Education, there are 2364 four-year colleges in the United States. Of those, 612 are public colleges. I dare say that about 300 of them would be at least somewhat familiar to about 80% of the public.

What about the 2064 “unknown” colleges. Which of these colleges are worth exploring?  When all is said and done, does it matter that much where one goes to college?  If you are not looking for a specific program only offered at a particular college, it matters less than you think. What really matters is what you do when you get there.

Some students realize that it might not be a bad idea to look at two-year colleges as well. And some of them are looking at two year colleges outside of the region in which they live. If there is a community college that is beyond commuting distance but has a specific program you are interested in taking, you can rent an apartment near the campus. Many colleges such as Greenfield Community College in Massachusetts or the Ivy Tech Community College system in Indiana, can recommend student housing for such students.

Occasionally I like to step back and look at the colleges whose offerings make them stand out. It does not mean they are right for you. But one or more of them could be.

Let me take you on a brief tour of just five of them now.

They are not in any particular order, but # 1 on the list is a two-year college. In fact, this two-year college is tougher to gain admission than is Harvard. Though they are shocked at first, I get a kick out of telling some extremely bright students that they will not have a prayer in being accepted to this college.  Here is why.   

1.)  Deep Springs College accepts only thirteen men into its two-year program each year. It is a rigorous admissions process including several interviews and multiple essays. (The average applicant’s SAT score is 2200.) It is a working cattle and alfalfa ranch but one with a rigorous liberal arts curriculum in the High Desert region of Southern California.

It was founded by an early California pioneer, LL Nunn in 1917 on his idea that the three pillars… academics, labor, and self-governance help young men prepare themselves for lives of service to humanity. The school’s 26 students, along with its staff and faculty, form a close community. The college operates on the belief that manual labor and political deliberation are integral parts of a comprehensive liberal arts education.

Plus, it is FREE. Each student attends for two years and receives a full scholarship valued at over $50,000 per year. Afterwards, most earn their undergraduate and graduate degrees at the world’s most prestigious four-year institutions. It is practically a “slam dunk” admission transition. Getting a first class education, and saving up to $110,000 in the process is not a bad way to invest two years. 

Now you know why I can say to some students that they will “not have a prayer” to being admitted. Ladies…that would be you. One intellectually curious young woman I shared this fact with, was undeterred. Because her goal is to become a college English professor, she saw that as way to be part of the Deep Springs community. (Professors from schools like Stanford, Harvard and Yale go there to teach periodically for a semester or two.)

But if you are a male and intrigued by the concept, why not take a college road trip like none other right now.   

2.) Another college that is respected for its’ philosophy of combining work with learning is The College of the Ozarks. COFO is committed to a five-fold mission of encouraging academic, Christian, cultural, vocational, and patriotic growth in its students.

All full-time students work rather than pay for their tuition. The college discourages debt and, like Hillsdale College, does not participate in any government loan programs. On the other hand COFO does participate in federal grant programs so the FAFSA will need to be filed, to determine eligibility. (Hillsdale does not use the FAFSA.)

Academic offerings are surprisingly broad as you can see here. This combined with the strong work program makes it a valuable experience and excellent preparation for a fulfilling life.

By the way, College of the Ozarks has been named a “Stone-Cold Sober School” by the Princeton Review for ten consecutive years.  Alcohol and drugs are strictly prohibited on and off campus. Therefore, a student who applies to the school with the nickname “Hard Work U.” and looks forward to spring breaks in Cancun, is unlikely to be a good fit for this college.

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Another “Age Old Question” 

If you are a current college student, are you always being asked, “What is your major?” 

If you have one, why did you pick that one?  Does the question annoy you because you feel that you are going to have to explain your decision? Perhaps you are not even sure why, thus making you feel more uncomfortable. 

I completelly understand if you are. But if you have already completed our insightful self-assessment and still are not comfortable with your academic direction, return to that online link now. It is resource to access all during your college years. (Call me if it has been misplaced.) One of things that we help students with while they are still in high school is to identify their innate characteristics. That is, what are their natural strengths and weaknesses that make up their core personality?  

Personalities, (barring some chemical changes in the body) pretty much remain the same throughout our lifetime. Interests, aptitudes and attitudes change. So, why not understand and appreciate who you are and explore the possibilities that stem from there? 

Our educational system is set up to take us from secondary school, where we are supposed to get a solid grounding in the basic academic subjects, and then on to college where we get to pick the courses we want.  Assuming college is necessary, however, are you in college to learn what you want, or are you there to learn what someone else wants? Whether it is a well-intentioned parent or prospective employer in a field that you are told, “pays well”? 

Recent Stanford University graduate, Scott Keys, has shared what I believe to be a very helpful insight relating his observations and recommendations. Hopefully, you are getting the kind of advice from your college advisors as to choosing a major that is personal to you and not “cookie cutter”. 

As he says, choosing a major is an important decision and “students are right to seek outside counsel when figuring out what they want to study”. Give us a call or contact us at the right, if you want to explore the possibilities. It all starts with a FREE “get acquainted” conversation.

Stop Asking Me My Major 

By Scott Keyes 

One of my best friends from high school, Andrew, changed majors during his first semester at college. He and I had been fascinated by politics for years, sharing every news story we could find and participating in the Internet activism that was exploding into a new political force. Even though he was still passionate about politics, that was no longer enough. “I have to get practical,” he messaged me one day, “think about getting a job after graduation. I mean, it’s like my mom keeps asking me: What can you do with a degree in political science anyway?” 

I heard the same question from my friend Jesse when students across campus were agonizing about which major was right for them. He wasn’t quite sure what he wanted to study, but every time a field sparked his interest, his father would pepper him with questions about what jobs were available for people in that discipline. Before long, Jesse’s dad had convinced him that the only way he could get a job and be successful after college was to major in pre-med. 

My friends’ experiences were not atypical. 

Choosing a major is one of the most difficult things students face in college. There are two main factors that most students consider when making this decision. First is their desire to study what interests them. Second is the fear that a particular major will render them penniless after graduation and result in that dreaded postcollege possibility: moving back in with their parents. 

All too often, the concern about a major’s practical prospects are pushed upon students by well-intentioned parents. If our goal is to cultivate students who are happy and successful, both in college as well as in the job market, I have this piece of advice for parents: Stop asking, “What can you do with a degree in (fill in the blank)?” You’re doing your children no favors by asking them to focus on the job prospects of different academic disciplines, rather than studying what interests them. 

It is my experience, both through picking a major myself and witnessing many others endure the process, that there are three reasons why parents (and everyone else) should be encouraging students to focus on what they enjoy studying most, rather than questioning what jobs are supposedly available for different academic concentrations. 

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Borrowers Beware

Recently I have been asked to help recent college graduates who are faced with enormous student debt. In some instances they have had taken co-signer loans while in college. Those lenders like Sallie Mae were offering them in incredible amounts over the last 10 years. The rules varied as to when (and if) the credit worthy cosigner would be released from the obligation.

In 90% of the cases that will never happen and the lenders know that.  

This article is about the misinformation and complex terms in college lending. Unfortunately, Congress over the years has been heavily influenced by the lending companies (now being bailed out by taxpayer money) and the colleges themselves.

None of them have the student’s long-term best interest as a priority. That is a shame. To get a quick understanding of the problem listen to this.

At Programs for Education, we have options ambitious students can take advantage of to pay off their debt faster. If you know of any student facing enormous debt now or in the future, give us a call.  Many families are paying for college from cash flow alone with this program.

In addition. all current students can learn about the various loan forgiveness and debt relief programs for graduates entering certain fields of employment. In the meantime If a student is considering future college costs, now is the time to do a “Dry Run” to see how much they may have to borrow, if at all.

Not everyone would willingly choose to become the public face of the debt-ridden. Alan Collinge didn’t exactly choose to do so, defaulting on $38,000 in student loans only after a series of missteps and strokes of misfortune, but he has embraced his situation with gusto, founding StudentLoanJustice.org to advocate for distressed borrowers and now writing a book, The Student Loan Scam (Beacon Press).

Collinge’s tactics have at times been controversial — he has been criticized for personally attacking student loan lobbyists, for instance — but with the Obama administration putting the student loan programs front and center in its higher education agenda, the industry he writes about and his views are likely to remain relevant. In an e-mail interview, Collinge discussed his personal experiences and his assertion that none of the policy changes currently being debated will make a difference for borrowers without reform of federal bankruptcy laws.

Q. Can you give our readers the 1-minute version of how you ended up getting into such a jam with student loans? How much of your situation evolved because of your own (potentially flawed) decisions, and how much because of the unfair practices or policies or rules by other parties?

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6 Scams That Target College Students

By Kim Clark , US News & World Report 

Operating on the theory that it takes a thief to steal from a thief, a group of Internet scammers has been targeting students who illegally download music, books, and video.

The Chronicle of Higher Education has reported on an apparently bogus collections agency that sent out letters to Bucknell students demanding $500 to settle the students’ alleged illegal downloads.

That’s a new twist on an old strategy of targeting college students. Prosecutors say there are at least six common scams students should watch out for:

1. Fake scholarship promises: The Federal Trade Commission warns against advisers and Web services that charge big fees in return for help locating scholarships.

2. Dodgy student loans: U.S. News‘s Kim Palmer documented how some students have been misled by official-looking documents that were really ads for expensive loans.

One silver lining of the recent economic downturn is a reduction in expensive private loans and lenders. But the FTC says students still need to make sure they stick with low-cost, legitimate education loans. The best deals, says the Project on Student Debt, are the federally backed student loans such as the Perkins (which charges just 5 percent in interest) and Stafford loans. (more…)