Keep Calm and FAFSA On

Editor’s note: I’ll acknowledge right here that FAFSA isn’t a verb, but neither are most of the other nouns that people will shoehorn into the “Keep Calm and [Something] On” meme to suit their purposes, much as I am here. (Thank you in advance for extending me some creative grammatical license.)

As if high school seniors don’t already have enough on their plates this fall, with…

  • the start of the school year and all the academic, co-curricular, and extra-curricular activities that come with it (I’m looking at you, Homecoming);
  • the college admission process kicking into higher gear;
  • preparing for the revival of Gilmore Girls, the arrival of Luke Cage, or any of the other gifts Netflix will give us.

…we now have this:

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Yes for the first time ever, you can file your FAFSA for the 2017-2018 college academic year starting on October 1 using your family’s tax returns from 2015.

Here’s the part where I refer again to the title of this blog, but this time with an addendum:

Keep calm and FAFSA on… when you are ready.

Here’s the thing… while the FAFSA goes live on October 1, that doesn’t mean you must drop everything and file for financial aid on October 1— though you might hear some chatter from well-meaning and/or freaked out classmates, parents, neighbors, or random strangers who are jumping on their financial aid applications immediately.

This is not the same as concert tickets going on sale tomorrow. You won’t find yourself out of a seat if you file your FAFSA on October 15. Or November 15. Or January 15.

More to the point, two things generally have to happen in sequence before you will even receive a financial aid offer from a college:

  1. You have to apply to that college.
  2. You have to be admitted to that college.

And considering that colleges have many different application and financial aid deadlines, we encourage you to check the websites of each of the colleges you’re considering (like Lawrence, for example) to learn when all of their deadlines fall.

Then you can start prioritizing the steps you’ll need to take to move through your own college admission process. To help with that, here are a few College Applicant Power Tips (capitalizing them makes them seem more important, somehow)…

Tip #1: Build your own college admission calendar and plug in all the important deadlines for each of your colleges.

Tip #2: On that calendar, plug in your own dates where you will get things done (e.g., draft application essay, review application essay, file FAFSA, jump for joy with admission from Lawrence, etc.)

Tip #3: Do those things you scheduled using Tip #2.

As for the FAFSA, if you haven’t yet explored the FAFSA and you happen to find cartoons with semi-funky music to be a nice, inviting way to explore unfamiliar topics, this video, compiled by our friends at the National Association for College Admission Counseling, might be a helpful start.

When you’re done watching that, you can move on to this video designed by the U.S. Department of Education (complete with soothing voice-over and calming background piano music). It provides more detail about how the FAFSA works.

When you’re ready to level up, visit the Department of Education’s FAFSA website where you can dive into way more detail about the FAFSA and, finally, file it.

You can do this.

If you run into questions, feel free to get in touch with us at Lawrence. We’re happy to help.

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Hats and Scorecards

In the “other duties assigned” part of my job description is a bullet point that says, “Human Hat Rack.”

I think it refers to the multiple roles that we are all called to play in our roles as college admission professionals.

One hour we’re wearing counselor hats, helping students make good decisions about college fit, the next we’re wearing the IT, trouble-shooting our computers. (“Let’s see… if I smack it right here, will that fix it?”)

Sometimes I’m wearing one of those old-timey hats with a “Press” card in the hatband, called into service as an investigative reporter, like when I’m responding to a well-meaning friend, faculty member, trustee, or parent who has forwarded to me an article with an attention-grabbing (i.e., click-inducing/ad-revenue-generating) headline like “Liberal Arts College Graduates Make Less Money Than Your Neighbor’s Dog” or “Child Inventor of Cold Fusion Denied Admission To Top Choice College.”

You’re familiar with these stories. They’re the ones that build a sensational narrative out of a handful of facts without providing the fuller context that might make the story more informative—while simultaneously making it less newsworthy.

Such was—and continues to be—the case with stories that use the College Scorecard as their reference point. The Scorecard is a treasure trove of data, but without fully considering the context, these data can be misused, leading people to faulty conclusions. And when journalists use the data selectively to tell incomplete stories, the effect multiplies.

I saw the effect when a friend of mine sent me a link to a Scorecard-inspired Wall Street Journal article with the headline Student Debt Payback Lags.

He expressed worry about college grads in general and Lawrence graduates in particular.

I assured him that the good news was that Lawrentians who graduate with debt fare pretty well: 96% are repaying after 7 years, one of the scorecard benchmarks. (Our performance, however, pales in comparison to the assiduous graduates of Moler Barber College of Hair Styling and the International Yacht Restoration School, who are at 100%.)

We’ll often see breathlessly written—and breathtaking—articles focusing on $1.2-trillion in debt held by college attendees, not all of whom are graduates. These stories, too, often fail to contextualize who is carrying the debt, lumping together an entire sector without accounting for the differences in non-profit vs. for-profit, or undergraduate vs. graduate or professional schools.

As admission practitioners, we understand that the world of data associated with higher education is more nuanced—and we also have a responsibility to help those we serve (students, families, institutional stakeholders, etc.) understand those nuances.

Even with the College Scorecard itself, we need to help families avoid falling into the seductively simple conclusions that are so easy to draw from the sleek, attractive, government-developed website. The Fed claims not to have developed a ratings system—despite previous pronouncements that they wanted to try. What they have done instead is drop the resources onto families to allow them to do the rankings themselves.

Users need to keep in mind some of the data and assumptions behind the Scorecard. For example:

  • By focusing so sharply on earnings, the Scorecard seems to have reduced colleges’ primary function to creating salary-earning loan repayers. There is nothing in the Scorecard that addresses the other, more difficult-to-measure values that a college education offers, or the qualities of mind that some colleges have as their educational mission.
  • The student dataset is limited only to those students who receive federal student aid, which means there is, for many colleges, a very large number of students whose results never get included.
  • Notably absent: how many alumni go to graduate or professional school.
  • Also missing is a consideration of the type of work a college’s graduates do. If a school disproportionately sends grads into lower-paying careers, like education or non-profit work, it is going to be more of an under-performer using these metrics.

We could argue that the College Scorecard itself is a great case in point about why a liberal arts education is so important: it teaches you how to ask questions about data, and challenge how they are interpreted and used. (I suppose I just did.)

I will now remove my philosopher’s hat, and put on my chauffeur hat. I have to go pick up some prospective students from the airport.

Financial Aid Season – Just Do It!

You may recall from my previous blog posts that I am a crier.

I am also a world-class worrier.

It should come as no surprise that, almost immediately after my son started getting into colleges, I shifted my worry gears into how we would pay for him to go to college (and here I am doing it again – one final time with my high school senior). Like many families, my husband and I had given this some attention (along with some thought and, yes, worry) since the day our children were born. But now it was (and is again) REAL.

Before I go on, there are some personal factors I should share so that I might adequately set the stage for my level of angst.

Education is highly valued in my family – always has been, always will be. Somehow, my parents (both educated, but living a very middle income life) successfully sent 6 kids off to liberal arts colleges. I don’t remember a single conversation that started with “we can’t afford this school.” (So this was new territory for us.) Both my husband and I work in the field of education (a noble profession, I like to think, but not one that lends itself to large bank accounts). The schools to which my son was admitted cost—on average—more for one year than the nicest car I would have ever dreamed of owning. The cost for 4 years would be… well, let’s not go there. My son was heading off to college at the height of this country’s most recent recession. To make myself feel better, I tried very hard to listen to the advice I had been giving families over my 30 financial aid seasons:

  • You’ll never know the true cost of a college until you submit all appropriate paperwork to your schools.
  • Every school handles scholarship and financial aid dollars differently. The same student may look very different in different colleges’ applicant pools.
  • Scholarship decisions are not equivalent to the worth of a child in their mother’s eyes (if only!!!!)
  • Financial aid officers are human beings. Many are parents themselves. Most tend to have a pretty high level of compassion to go along with their expertise. They know that families are anxious about this process AND they know that each family’s financial situation is unique. They will answer your questions. They are (along with admissions officers) your best source of information.
  • (This means that the well-meaning, “been there, done that” parent in the line at the grocery checkout is probably not your best source of information about this.)

When February rolled around (as it’s just done again!), we arrived at the moment where we had to stop worrying and get to work. It started by NOT waiting until April 15 to file our tax return. We got that thing done earlier than we ever had done it. (I wish I could tell you that the process and paperwork was pleasurable, but it wasn’t so awful that we didn’t get it done – we did. We even got it done on time.)

If you have been avoiding the heavy lifting involved in this part of your child’s college search process, I would encourage you to follow a certain athletic company’s advice and “Just Do It.” Only when you do will you learn the real numbers and real costs at individual schools.

Here are some important resources to help get you through this:

  • The official FAFSA website is: www.fafsa.gov (Not fafsa. com… run away from that one.)
  • The official CSS PROFILE website is: www.collegeboard.org/css-financial-aid-profile
  • StudentAid.gov provides information about federal student aid programs, eligibility, how to fill out the FAFSA, and what to expect after submitting the FAFSA, as well as guidance on repaying student loans.
  • StudentAid.gov/fafsa gets into the real nitty-gritty about the FAFSA: find details about dependency status, who counts as a parent, how to figure out when the IRS Data Retrieval Tool will be available for an individual applicant, or how to report same-sex marriages on the FAFSA.

I’ll say it again (recognizing my own professional bias): admissions and financial aid officers on college campuses everywhere are terrific sources of information, expertise, and worry abatement.

And really… worrying is overrated.

Take it from a world-class worrier.

Carin Smith
Regional Admissions Director
Lawrence University

Lawrence to offer micro-scholarships through Raise.Me

We understand that it is not always easy for students to figure out how colleges award scholarships until after the award letters are released.

Lawrence, along with 100 other colleges, is partnering with Raise.me to award micro-scholarships to students beginning in 9th grade for a variety of academic and extracurricular achievements. A sample of micro-scholarships now available include:

  • $400 for getting an A in a course
  • $400 for each leadership position in an activity
  • $750 for taking an Honors for Dual Enrollment course
  • $1,500 for taking an AP or IB course
  • $1,000 for visiting campus

The best way to get started is to visit www.raise.me/educators, where you can create your free educator account and view Raise.me’s starter kit materials. Your account allows you to invite students to Raise.me and track their progress as they build portfolios and earn micro-scholarships from participating colleges. For more information, contact Amanda Schwab at Amanda@raise.me.

 

About Raise.me:

Raise.me’s program is supported by the Gates Foundation and is completely free for students and high schools. Their mission is to increase student engagement and motivation by breaking traditional scholarships (typically awarded at the end of high school) into a series of small, attainable goals and making the path to college more tangible for students.

Financial Aid Season – Just Do it!

You may recall from my previous blog posts that I am a crier.

I am also a world-class worrier.

It should come as no surprise that, almost immediately after my son started getting into colleges, I shifted my worry gears into how we would pay for him to go to college. Like many families, my husband and I had given this some attention (along with some thought and, yes, worry) since the day our son was born. But now it was REAL.

Before I go on, there are some personal factors I should share so that I might adequately set the stage for my level of angst:

Education is highly valued in my family – always has been, always will be. Somehow, my parents (both educated, but living a very middle income life) successfully sent 6 kids off to liberal arts colleges. I don’t remember a single conversation that started with “we can’t afford this school.” (So this was new territory for us.) Both my husband and I work in the field of education (a noble profession, I like to think, but not one that lends itself to large bank accounts). The schools to which my son was admitted cost—on average—more for one year than the nicest car I would have ever dreamed of owning. The cost for 4 years would be… well, let’s not go there. My son was heading off to college at the height of this country’s recent recession. To make myself feel better, I tried very hard to listen to the advice I had been giving families over my 30 financial aid seasons:

You’ll never know the true cost of a college until you submit all appropriate paperwork to your schools. Every school handles scholarship and financial aid dollars differently. The same student may look very different in different colleges’ applicant pools. Scholarship decisions are not equivalent to the worth of a child in their mother’s eyes (if only!!!!) Financial aid officers are human beings. Many are parents themselves. Most tend to have a pretty high level of compassion to go along with their expertise. They know that families are anxious about this process AND they know that each family’s financial situation is unique. They will answer your questions. They are (along with admissions officers) your best source of information. This means that the well-meaning, “been there, done that” parent in the line at the grocery checkout is probably not your best source of information about this.

When late February rolled around, we arrived at the moment where we had to stop worrying and get to work. It started by NOT waiting until April 15 to file our tax return. We got that thing done earlier than we ever had done it. (I wish I could tell you that the process and paperwork was pleasurable, but it wasn’t so awful that we didn’t get it done – we did. We even got it done on time.)

If you have been avoiding the heavy lifting involved in this part of your child’s college search process, I would encourage you to follow a certain athletic company’s advice and “Just Do It.” Only when you do will you learn the real numbers and real costs at individual schools.

Here are some important resources to help get you through this:

– The official FAFSA website is: www.fafsa.gov (Not fafsa. com… run away from that one.)
– The official CSS profile website is: www.collegeboard.org/css-financial-aid-profile
– StudentAid.gov provides information about federal student aid programs, eligibility, how to fill out the FAFSA, and what to expect after submitting the FAFSA, as well as guidance on repaying student loans.
– StudentAid.gov/fafsa gets into the real nitty-gritty about the FAFSA: find details about dependency status, who counts as a parent, how to figure out when the IRS Data Retrieval Tool will be available for an individual applicant, or how to report same-sex marriages on the FAFSA.

I’ll say it again (recognizing my own professional bias): admissions and financial aid officers on college campuses everywhere are terrific sources of information, expertise, and worry abatement.

And really… worrying is overrated.

Take it from a world-class worrier.

Carin Smith, Lawrence University Regional Admissions Director