Free College Financial Seminars in Herald Territory this December

Free College Seminars in Wilmette, Naperville, Bartlett, Romeoville, Glen Ellyn and Cary in December

A New Approach to an Old Problem:

How to Pay for College Without Going Broke & Behind the Curtain of the Financial Aid Process

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.

Yet according to Jack Schacht of My College Planning Team, 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," says Schacht. "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, will be held at the Wilmette Public Library on December 3 at 7 p.m., the Naperville Library on 95th Street on December 4 at 7 p.m., White Oak Library on December 6 at 6:30 p.m., the Glen Ellyn Public Library on December 11 at 6:30 p.m. and the Cary Area Public Library on December 12 at 6:30 p.m.

Behind the Curtain of the Financial Aid Process will be held at the Bartlett Public Library on December 5 at 6:30 p.m.

We help families let go of preconceived notions," says seminar leader Stephanie Kennedy. "Students have many more options than they realize."

For example, 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," says Kennedy. "Then they look at the admissions process in a whole new light." Consult your Library for reservations.