College Counselor

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The CSS/PROFILE: The “Other” Financial Aid Application

The CSS Profile The Other Financial Aid ApplicationThe CSS/PROFILE went live on October 1st officially kicking off the start to the financial aid season. Ironically enough, many families don’t even know the CSS/PROFILE exists.

It does and here’s what you need to know about it:

1. While every college requires a student to file a FAFSA to qualify to federal need-based aid, over 200 mostly private colleges require students to complete the CSS/PROFILE as well for consideration of scholarships.

2. Here in Connecticut that list includes: Connecticut College, Fairfield University, Quinnipiac University, Sacred Heart University, Trinity College, University of New Haven, Wesleyan University, and Yale University.

3. While the FAFSA is a free application, the CSS/Profile is not. The initial application is $25 and then each subsequent submission costs $16.

4. Unlike the FAFSA, a family’s home equity is taken into account as an available asset.

5. If a family owns a business, 100% of its equity will be assessed.

6. Assets held in the names of siblings will be considered parental assets and assessed as such increasing the parents’ EFC.

7. Only untaxed social security benefits for the student will be excluded whereas benefits for the parent will not be excluded.

8. Pre-tax contributions to flex-plans for healthcare and dependent care are assessed as untaxed income.

9. Schools have their own deadlines for when the CSS/PROFILE should be filed and these dates can range from as early as sometime in November for Early Decision or Early Action applicants to as late as February for students applying Regular Decision. When in doubt, families should always check the school’s website or call the financial aid office to verify deadlines.

As you can see, there’s a lot that goes into the CSS/PROFILE. It’s costly, it’s invasive and it’s just another hurdle standing in the way for many students and their parents.

If you would like some assistance filing the CSS/PROFILE as well as the FAFSA, contact me today. Like an accountant would with your taxes, I can help you gather the documents you need, assist you in the filing of both applications and then also help you with appeals should the need arise.

Here’s what other families like yours are saying about how Dobler College Consulting made a difference for them.

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Eric Oct 03, 2014 , , , , , , , , , , , , No Comments
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How To Make Your College Essay Matter

College essays southington ct college consultantNow that summer is here, I have all of my students working on their essays. We start now so that they don’t have to try to work through what is one of the more difficult writing assignments during the beginning of their senior year. In fact, if done right, they should all be done with their essays by mid-August.

Of course, it’s rarely easy to do it right and it does require some time and thought.

If you’re struggling with how to get your essay started, here’s a few things to consider:

1. Your essay is a personal statement, not an academic paper.

Don’t try to impress the reader with an over-the-top vocabulary. Savvy admission counselors who read hundreds of essays each year know what teenagers’ voices sound like. Yes, it’s okay to spruce up your language a bit, but don’t go into a PhD dissertation-worthy dialogue. It will come across as phony and that’s the last thing you want.

2. A strong essay will show how you connected to something and what you learned from it.

And sometimes these moments can be rather ordinary. One of the best essays I read last year was about scooping ice-cream and dealing with a temperamental soft-serve ice-cream machine and how it taught this student about working hard, discovering new ways to do things differently and the value of teamwork. The student was accepted early-decision to Brown and her essay was deemed to be rather heavenly.

3. Seek help.

If you’re stuck and just can’t come up with any ideas that get you excited, ask your friends or parents how they would describe you to someone. What adjectives would they use? What would they say about you? How would they characterize you and your best attributes or traits? Sometimes other people see things in us that we don’t see ourselves and it is these ideas that can open up your perspective on what to write about.

4. Don’t be afraid of talking about a failure.

Sometimes, we learn the greatest life lessons after having failed at something. Remember, it’s about how you learned from the failure, not the failure itself (see #2 again if this point does not sink in) that matters.

Ultimately, you want your essay to compliment the rest of your application and show that you are more than just a combination of grades and test scores. You want an admission counselor to learn something about you that they haven’t learned elsewhere when reviewing your transcript, test scores and activities. You want them to put down your essay and say, “I really like this kid. There’s a lot here and he or she would be an awesome addition to our college.”

So put in the time and effort to make sure that happens.

If you would like some assistance with your college search or financial aid process, contact me today for a free 60-minute consultation.

Here’s what other families like yours are saying about how Dobler College Consulting made a difference for them.

 

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Eric Jun 23, 2014 , , , , , , No Comments
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What’s The Difference Between Early Decision & Early Action?

college consultant Southington CT

As I work with students and their families on college lists, one question that always comes up is, “what’s the difference between Early Decision and Early Action?”

Typically it’s followed by some sort of statement that sounds like, “I hate to ask a dumb question like this but I really don’t know.”

It’s not a dumb question at all.

In fact, like many other questions that come up during the college search and application process, the only dumb question is the one you don’t ask.

So, let’s talk about the difference.

Early Decision, also known as ED, is binding while Early Action is not. This means that if you apply ED to a college and are admitted, you are now going to be enrolling at that college. You’ve just gotten married, in a sense.
In fact, when you apply ED to a college, and you can only apply to one school as an ED applicant, the student, parents and school counselor all sign an electronic agreement on the application stating that, if admitted, the student agrees to immediately withdraw all other pending applications. You don’t get to see who else wants to admit you and you definitely don’t get to wait around for financial aid awards so that you can compare offers.

So, the ED school says, “yes”, and the student is locked in. Their college application process is over. And, most likely, this is all happening in November or December of their senior year.

Early Action, on the other hand, is non-binding. Students can apply to as many Early Action schools as they like and, if admitted, are under no pressure to commit early. They can wait on their remaining decisions and review their financial aid awards before committing by May 1st. Like ED, students admitted through Early Action are still hearing back earlier in the process than students who apply through Regular Decision (typically January or early February) but the key difference is that their options have not been taken away.

Which brings me to the most important factor in deciding to apply ED or EA.

If a student knows, without a doubt, that the college fits them in every possible way, that it’s THE place they want to attend and that the cost is something the family can afford without regard to financial assistance, then applying ED can work out great. Some of the most selective colleges in the country are more generous with their decisions during the ED round of applications and, therefore, a student’s chances may improve. Note that I did not say, “will” improve. Students who are not strong applicants to begin with will not improve their chances just by applying ED.

But, if you are worried about cost, and you do want to have options, Early Action is very clearly the better way to go.

If you want some help and guidance on your college search and application process, contact me today to set up an appointment for a free 60-minute consultation. Not sure if a college consultant is for you? Here’s what other families like yours are saying about how Dobler College Consulting made a difference for them.

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Eric Jun 12, 2014 , , , , , , , , , , , No Comments
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Answering Your Questions About The FAFSA

Answering Your Questions About The FAFSANow that January has arrived, it’s time for high school seniors and their parents to fill out the FAFSA, or Free Application for Federal Student Aid. The FAFSA is the form you are required to fill out if you want colleges to consider you for financial aid.

While families have their own unique circumstances, here are some of the top questions I come across this time of year and my answers which will hopefully help you along the way as well.

1. We make too much money, we probably shouldn’t bother filling out the FAFSA, right?

Wrong. Regardless of how much (or how little) you make, you should always fill out the FAFSA. Even if your EFC is very high, there are still non-need based loans like the Direct Unsubsidized Loan or Parent PLUS Loan which can help you spread out the costs. But, to qualify you must fill out a FAFSA.

2. How do parents who have joint custody and are both remarried with new spouses file the FAFSA??

When students come from divorced families, financial aid eligibility is based on the income and assets of the custodial parent. This is the parent who the student lives with for the majority of the year, even if it’s six months and one day. Even if the non-custodial parent has a considerably higher salary than the custodial parent, this parent’s income and assets are not factored into the federal financial aid eligibility calculation.

3. We’re going to have two kids in college at the same time, how will this affect our financial aid eligibility?

How many kids you have in college at the same time has a very big impact on financial aid eligibility. Consider that your EFC is divided by the number of children enrolled in college. If you have one child in college and your EFC is $40,000, then that’s what colleges would expect you to pay. If you have two kids in at the same time, the EFC will be $20,000 each. This is why it’s also important to file a FAFSA each year. Even though you may not get a lot with one child in college, if you have a second one entering a year or two later, you may end up qualifying for something.

4. We won’t have our taxes done until late March, can we just apply for financial aid then?

You can, but you shouldn’t. Financial is aid is very much a first-come, first-serve process. Additionally, some states like Connecticut have February deadlines for state grants which you don’t want to miss. If you wait until after you file your taxes, colleges won’t have as much money to give out as they would have if you had applied in January. File your FAFSA now with estimated income and then use the federal data retrieval tool after you file your taxes to update your information.

5. My daughter’s grandfather has put away money in a 529 for her which we plan on using this year. Since it’s his money and not ours, do we have to report it on the FAFSA?

Yes, you have to report any distribution from a 529. The more important factor here is that the 529 is owned by a grandparent and, therefore, may reduce your aid eligibility considerably. Where a distribution from a 529 owned by either parent is considered a parental asset, a distribution from a 529 owned by someone who is not the parent is considered student income. When calculating aid eligibility, student income and assets are assessed at a much higher level than parental assets so even though the intention is a good one, the outcome may not be helpful.

If you want some help and guidance on your college application and financial aid process, check out what other families are saying about Dobler College Consulting and then contact me today to set up an appointment for a free consultation.

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Eric Jan 06, 2014 , , , , , , , , , , , , , No Comments
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What Is Demonstrated Interest?

What Is Demonstrated InterestAs I talk to students about the college application process, one of the concepts I try to get them to understand is how they can create opportunities to demonstrate their interest to colleges.

Demonstrated interest is a relatively new phenomenon in college admissions over the last several years. While some schools won’t care how many times a student has shown his or her interest, a lot of schools will.

These schools aren’t the ones you will find at the top of the U.S. News or Forbes rankings – but then again, you should already know what to think about these lists – because those schools don’t have to care. Being that highly ranked and being that selective in their application review means they don’t have to do anything and kids will still fall all over themselves to apply each year.

Other schools, however, are very interested in just how interested their applicants are in them and will often say so right on their websites. For one, they are trying to find students who are eager to attend rather than ones who are just eager to apply. A student who wants to attend is likely a student who will enroll and do well resulting in a student who graduates in four years. In the college world, this is called yield. And when an admissions staff can more accurately predict their yield, they can enroll a class that meets the institution’s goals. This is also why the elite schools who crowd the top of the rankings don’t have to put any value on demonstrated interest – their yield is already incredibly high.

So, just how do you demonstrate your interest?

1. Social Media.

Colleges are on social media just waiting for you. Go find them on Facebook, Twitter & YouTube. Like them, tweet them and follow them. Some colleges are tracking this information very closely.

2. Campus Tours

One of the best ways to get a feel for a college is to visit campus. But when a college asks you to RSVP and then to sign in when you get there, you can bet they’re tracking you. When you’re there, get business cards from everyone you meet and follow up with a thank you or a brief note saying what you enjoyed most about your visit.

3. Interview

One way to really make the most of your college visits is to schedule an interview ahead of time. It’s a great way for you to get your specific questions answered but it’s also a great way to make an impression with an admission counselor. Ideally, you want to interview with the counselor who will be reviewing your application. ALWAYS follow up with a thank you email.

4. Applying Early

You have choices in the way you apply to a college and applying early is one way to show a college how interested you are. By applying early, you show that you’ve done your homework and researched the college well before senior year arrived. You show that you’re a more serious applicant and, when combined with a visit, an interview and connections through social media, a college is more likely to feel that you are an applicant who wants to do more than just apply.

If you want some help and guidance on your college search and application process, contact me today to set up an appointment for a free consultation. Also be sure to snag your free copy of the Top Ten Tips For Navigating The College Admissions Journey.

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Eric Dec 17, 2013 , , , , , , , , , , , No Comments