Free College Seminar at Glenside Library on April 23rd & Grayslake Lib. April 25

 
Joanne Levine
Updated 4/4/2018 9:48 AM
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  • Jack Schacht leads a free college seminar.Stephanie Kennedy

    Jack Schacht leads a free college seminar.Stephanie Kennedy

A New Approach to an Old Problem:

How to Pay for College Without Going Broke!

Everyone knows that college is expensive. But many don't know that there are actually two prices for college: one for the uninformed and one for the informed. And since the average four-year cost is $95,869 for in-state universities and $187,950 for private colleges, it pays to be informed.

Too few families plan adequately for college, let alone question its price tag. Even though it's the second largest investment they're ever likely to make!

Families are often surprised to learn they have control. Parents don't have to decimate their retirement plans. They have options. Students can get a great education at a great price, if they know how.

And therein lies the rub. The world of college funding and admissions is difficult to navigate. Misconceptions abound. Often, the most helpful information is kept under wraps.

A free seminar, How to Pay for College Without Going Broke, can be held at the Glenside Public Library in Glendale Heights on Monday, April 23rd from 7:30- 8:30 p.m. The Library is located at 25 E. Fullerton Avenue. Call 630.260.1550 to register. The seminar will also be at the Grayslake Library on Wednesday, April 25th from 6-7:30 p.m. Register at 847.223.5313. The Library is at 100 Library Lane.

Families are often surprised to learn:

• There is a right and wrong way to complete a FAFSA. There are strategies families can use to reduce their Expected Family Contribution (EFC) and increase eligibility for aid.

• EFC formulas vary by school. For example, some colleges factor in home equity; others don't. Knowing the difference can make a huge financial impact.

• It is possible to appeal or even negotiate an academic award.

• Not all college visits are created equal. Families can learn much more by incorporating a few specific activities into their agenda.

• A modest two point increase in standardized test scores can generate $10,000 more in scholarships.

• A total student assessment doesn't just identify aptitudes and interests, but a student's true passion--the key to choosing the right school and major. This means graduating in four years, not the national average of 5.7, saving tens of thousands in tuition.

Students and families should see this process as a thrilling adventure, not a massive hurdle. Then they look at the admissions process in a whole new light.

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