College Quick-Hitters: Susquehanna University

I am very happy to bring all of you some great information on Susquehanna University. I’ve personally visited their campus, and it is a terrific place for any type of student to spend their college years. Please take some time to read these highlights on the school, sent to me from their admissions team. Feel free to reach out to me with any questions, and as always, happy searching!

Susquehanna University, located in Selinsgrove, PA., educates students in the liberal arts and sciences and provides them with real-world, professional experiences through the School of Arts and Sciences and the Sigmund Weis School of Business. The business school ranks among the top 5% of business programs worldwide to have earned AACSB accreditation, a marker of excellence.

Recognized by the New York Times as one of the 10 most economically diverse colleges in the nation, Susquehanna was also named a Best Northeastern College by the Princeton Review’s 2015 Best 379 Colleges. Our 2,200 students (from 35 states and 21 countries) graduate with the broad-based academic foundation and 21^st -century job skills—critical thinking, writing, teamwork and communication skills—that employers and graduate schools seek. In fact, 94 percent of Susquehanna students are employed or in graduate or professional school within six months of graduation!

With more than 60 majors and minors—including several new programs for Fall 2015—and self-designed majors available, students easily combine their talents and interests with their career aspirations. Many disciplines offer hands-on collaborative research opportunities beginning in the first year of study. And recent grants to the university, including $2.25 million from the prestigious Richard King Mellon Foundation for freshwater research, provide additional opportunities for student research.

Seventy-eight percent of our students complete internships or have pre-professional experience before graduation. These experiences translate into tangible outcomes for our students—for example, approximately one-third of accounting majors have job offers before they begin their senior year and 83 percent complete the 150 credit hours required for the CPA examination within their four years here.

Additionally, Susquehanna’s nationally-recognized Global Opportunities (GO) program ensures students meet our cross-cultural requirement by studying for a minimum of two weeks in a culture unfamiliar to them—either in the U.S. or abroad—and by completing a reflection course after their return. Students can choose from more than 100 programs in 75 countries on six continents. 

-Joseph D. Korfmacher, MA

College Quick-Hitters # 2

Bentley University- This is a fantastic school right outside of Boston, which specializes in Business, but is not just limited to this concentration. Bentley has an extremely high-tech campus with seven officially high-tech buildings and they even have a 3-D printer accessible for student use. The student population of 4,200 allows for small class sizes and personal relationships with professors. Bentley is a very active campus with 80% of the students participating in varsity or club sports, and 80% of students choose to live on the beautiful green campus all four years. Their top three majors are management, marketing, and finance, and business students have access to one of the nation’s best trading rooms on a college campus. Business students are given real money from the college to trade with and learn from. With career preparation and readiness at the forefront of Bentley’s mission, they are happy to report that 98% of seniors in the past few years have been placed in jobs or are in graduate school after 6 months.

College of Mount Saint Vincent- Small, Catholic Liberal Arts School of 1,500 students located in Riverdale, NY right off of the 1 train. The biggest majors are nursing, business, and biology, and they have an excellent pre-med track program. They also offer solid business majors in areas such as marketing, finance, and business administration, where they offer a 5 year Master’s program. They are situated on a 70 acre campus right on the Hudson River. 65% of students live on campus and the majority of students come from the 5 boroughs and New England. To stay competitive with NY State schools, Mount Saint Vincent has actually reduced their total cost of attendance. They are now at $29,000 for tuition, room, and board, which is an incredible deal. This is before merit scholarships and financial aid which is available to most students.

University of Notre Dame- Notre Dame has five current colleges that include Architecture, Arts and Letters, Business, Engineering, and Science. Starting in the fall of 2017 they will open their 6^th college, which will be the School of Global Affairs, housing such majors as international relations, political science, international economics, and some foreign language program. Notre Dame in currently on an initiative to improve their engineering program to become one of the nation’s best and a ton of money is going into their program right now. Architecture majors spend five years at Notre Dame, where they spend their entire junior year in Rome and then finish their 4^th and 5^th year at Notre Dame where they complete their architecture license. The essay is extremely important to their admissions, so make sure this is done well! There is no Greek life at Notre Dame, but dorm life is very important to students, and dorms even have their own mascots. 100% of all family need is met by ND and on average, students leave ND with only $20,000 in loans. Finally, starting on October 27^th, Newark and LaGuardia airports will offer flights to South Bend’s airport. 

-Joe Korfmacher, MA

FAFSA Finally Here!

Seniors and parents, January 1st has finally come. Yes, the holidays were great, and celebrating the New Year is always a blast…but the biggest event to celebrate is that the FAFSA is finally live. OK, so completing the FAFSA isn’t the most fun activity in the world, but it is important helping to pay for college.

In order to receive any financial aid for college, students and their parents must complete the FAFSA online. The website is www.fafsa.ed.gov and the very first letter in the FAFSA acronym stands for “free.” (Avoid imposters such as FAFSA.com that will charge you without offering more than what is available at the official FAFSA site. The FAFSA (or Free Application for Federal Student Aid) will use the family’s previous tax returns to estimate how much a family can afford to pay for college and how much aid they can receive. Aid in the form of grants, loans, and scholarships can potentially come from completing the FAFSA.

In the simplest of terms, a family will complete the FAFSA, and the system will eventually generate an expected family contribution (EFC). This is what FAFSA believes the family can afford out of pocket for the student’s education. The EFC is sent to colleges who will subtract it from their cost of attendance. The difference is called the student's "need." Some colleges will meet this need completely, others may not meet it at all, and others still will fall somewhere in the middle.

The FAFSA is available online right now, and really should be completed soon. There is no need to wait until the new tax returns are available, as last year’s are accepted and often some schools will have deadlines that are pretty soon. You can estimate what the numbers will be for this year, using last year's figures. Then, once the current year figures are in, you can send the updated ones into the FAFSA. Though some families may not want to spend the time filling out cumbersome FAFSA forms, I encourage all families to complete the FAFSA at least prior to freshmen year. You never know if you may qualify for financial aid, including grants or scholarships! So enough reading,  get your paperwork together and go tackle the FAFSA!!

-Joseph D. Korfmacher, MA

Paying for College...Time to Get Started

As you are all aware, this is both a stressful and exciting time in your lives as seniors and parents of seniors. Many of you have applied to colleges, and others are working on submitting their applications in the next couple of months. Now there is quite a bit of time between waiting for an admission decision, discovering the financial aid package, and selecting the college you will attend. In many cases, a big part of selecting a college will depend on the ability to actually pay for that school. Although most private colleges and universities will average anywhere from $40,000-$60,000 per year in total cost of attendance, the financial aid they offer will vary greatly from next to nothing, to a whole lot of dough.

In order for families to be considered for any type of financial aid, families must complete the FAFSA (more information on this below) after January 1^st. Many schools also require families to complete the CSS Profile, which can be completed now. Both of these systems will allow colleges to assess how much need a family has for paying for college. It’s simple, if you do not fill out the FAFSA and/or the CSS Profile, the student will receive zero financial aid. It is still possible they will receive merit scholarships, but they will be given no money in financial aid (grants, work study, loans).

It can often take a long time to receive each school’s financial aid package. To get a good idea of where you might stand now, you can check out two different sources. The first is called the Net Price Calculator (NPC), and is a free tool on each college’s website. The NPC will give a close estimate for the family’s total cost of attendance after financial aid and merit scholarships. The second is called the FAFSA4CASTER, which can be found by clicking the link. This will give the family an estimate of their total Expected Family Contribution (EFC), the number colleges will eventually use to determine how much they will give in financial aid. Although none of these are perfect, it is important to research as much beforehand, to help with the college decision process.

For more information on financial aid, please read the following:

FAFSA  - January 1st is the official start date to complete and submit the FAFSA to colleges. Many colleges have deadlines (that are not that far away) to submit the FAFSA, so make sure this is finished soon! Most people have heard of the FAFSA, which stands for the FREE Application for Federal Student Aid; however some families choose not to take the time to apply because they do not believe they will receive any aid. Although this is a family decision, we really do urge all families to complete this form. This is one of the only ways a student can receive government aid (also check out the CSS Profile, which some colleges use to calculate financial aid.) Schools receive the FAFSA report that gives them the EFC (Expected Family Contribution), and colleges will decide how much financial aid they will give to families. So please, take the time to get this application completed and sent to all of the schools you apply to!

Online Scholarship Finder Websites- There are a multitude of online sites available to find scholarships to college. For many of these, all you need to do is put in your basic information, and it will find scholarships that match your criteria. The three that come highly recommended are: CollegeBoard, Fastweb, and FinAid. Also check out www.collegescholarships.org. Just click on the links, and start applying!

Loans- Although it is ideal to avoid loans, it is not always possible. Here are two websites that help out with understanding and getting started with federal loans: www.direct.ed.gov and http://www.studentloans.gov/

Project on Student Debt -  This has a list of schools that have made the pledge to limit or eliminate student loans from financial aid packages, which reduces cost of college for students and their families. It may be too late for seniors, but juniors should definitely look at this list and see if there are any schools of interest.

Call College Financial Aid Departments- Often families will receive financial aid reports from colleges and will feel that they are not receiving nearly enough of aid for their income and family situation. Since on the FAFSA you are using the previous year’s tax return, it is very possible that there have been some changes in parents’ job and income situation. Also, there may be some special circumstances that financial aid counselors at colleges are not aware of (i.e. high medical bills). You have every right to call the counselors at the colleges and explain your situation. Schools will respond differently, but some may very well give you more financial aid, so it is definitely worth a shot!

Finally, please check each college’s website in which you were accepted and see if there are any additional merit/need-based scholarships you can apply to. Remember to apply to as many scholarship opportunities as possible, because every dollar will help!

Joseph D. Korfmacher, MA

College Counselor

January 1st has Passed...Time for FAFSA and More!

So seniors…you are beginning to hear back from the colleges you applied to and most are happy to hear that you have been accepted to many of the schools. However, in the majority of cases, that initial joy inside you and your parents goes away when you see the amount of merit scholarship you are receiving. Sure, $10,000 is a big amount of money to earn in merit scholarship awards and is a great start…but for numerous schools, this is just 1/5^th of the total amount it costs to attend. As countless private schools are reaching $40,000- $50,000 each year to attend, a $5,000-$10,000 merit scholarship just is not enough. So what do you do? Are you just expected to give up on a college that you think it a perfect fit? Well before you do that, check out these options that can help subsidize the total COA (cost of attendance) of college!

FAFSA  - January 1st is the official start date to complete and submit the FAFSA to colleges. Many colleges have deadlines (that are not that far away) to submit the FAFSA, so make sure this is finished soon! Most people have heard of the FAFSA, which stands for the FREE Application for Federal Student Aid; however some families choose not to take the time to apply because they do not believe they will receive any aid. Although this is a family decision, we really do urge all families to complete this form. This is one of the only ways a student can receive government aid (also check out the CSS Profile, which some colleges use to calculate financial aid.) Schools receive the FAFSA report that gives them the EFC (Expected Family Contribution), and colleges will decide how much financial aid they will give to families. So please, take the time to get this application completed and sent to all of the schools you apply to!

Naviance Scholarship Page-  All juniors, seniors, and their parents should have a Naviance account. Check this page out for additional college-specific scholarship, and organizational scholarships. Details on each scholarship, including how to apply, amount awarded, and due date are all there. This page is updated throughout the year, so please check the site regularly!

Online Scholarship Finder Websites- There are a multitude of online sites available to find scholarships to college. For many of these, all you need to do is put in your basic information, and it will find scholarships that match your criteria. The three that come highly recommended are: CollegeBoard, Fastweb, and FinAid. Also check out www.collegescholarships.org. Just click on the links, and start applying!

Loans- Although it is ideal to avoid loans, it is not always possible. Here are two websites that help out with understanding and getting started with federal loans: www.direct.ed.gov and http://www.studentloans.gov/

Project on Student Debt -  This has a list of schools that have made the pledge to limit or eliminate student loans from financial aid packages, which reduces cost of college for students and their families. It may be too late for seniors, but juniors should definitely look at this list and see if there are any schools of interest.

Call College Financial Aid Departments- Often families will receive financial aid reports from colleges and will feel that they are not receiving nearly enough of aid for their income and family situation. Since on the FAFSA you are using the previous year’s tax return, it is very possible that there have been some changes in parents’ job and income situation. Also, there may be some special circumstances that financial aid counselors at colleges are not aware of (i.e. high medical bills). You have every right to call the counselors at the colleges and explain your situation. Schools will respond differently, but some may very well give you more financial aid, so it is definitely worth a shot!

Also, please remember that every school is required to have a Net Price Calculator on their website. This can also be found on CollegeBoard. A Net Price Calculator will give families a better idea of what they may have to pay out of pocket or borrow for each college earlier on in the college search process. 

Finally, please check each college’s website in which you were accepted and see if there are any additional merit/need-based scholarships you can apply to. Remember to apply to as many scholarship opportunities as possible, because every dollar will help!

-Joseph D. Korfmacher, MA

Getting the Most out of Financial Aid

It’s only September, but it’s never too early to start thinking about paying for college and financial aid options! Many private colleges cost around $35,000 in tuition and another $10,000 in room and board (and don’t forget about additional fees, including books). All of this equals a cost of attendance (COA) of $45,000+, which is certainly not rare. When financial aid reports come in, students and parents may be happy to see that they received $5,000 per year in merit scholarships and another $5,000 in financial aid. $10,000 a year is great…but that leaves $35,000 per year to possibly pay out of pocket, which comes to $140,000 for a four year education. For most families, this is a very scary sight and if a student is in love with a school, many parents will do whatever it takes to make sure their son or daughter is able to attend.

Loans often come into play, either through the school, federally, or privately, and although this is certainly not ideal, in many cases this is the only option. However, as most high school students apply to multiple colleges, they will receive multiple acceptances and multiple financial aid reports with various financial assistance figures.

One procedure many schools of higher education offer is to request for additional funds. Basically, families can send in their financial aid report from school B that may be giving significantly more money than school A, to school A’s undergraduate/financial aid department. Families can highlight the difference in reports, and some schools will try to match the other school.

It is entirely up to each individual school if they will consider matching what other colleges provide in financial aid, either in merit scholarships or with financial aid assistance, such as grants. However, it is certainly worth a shot, as many students have had success with this in the past. If you plan on doing this with a college, make sure it is not done in a “pushy” way. All that needs to be done is a short e-mail kindly asking the admissions department to compare financial aid reports, and to express to the school that it is still a top choice. Explaining that the student still has a strong desire to go to the school, but it would be much easier if the financial aid report was closer to those of other colleges can work at many schools.

One final bit of advice…as FAFSA reports are most often completed with the previous year’s tax returns, if anything significant has changed over the year, let financial aid offices at colleges aware of this. They certainly are not mind readers and most schools are willing to work with families in case of major changes in family income including loss of a job or unexpected medical bills. Please do not be afraid to get on the phone and give them a call if anything should happen!

-Joseph D. Korfmacher, MA