College Admissions Help Blog

How are you holding up thus far? Getting pressure from Mom & Dad to keep those grades up while adding yet another extra curricular activity to impress some college recruiter? Are you working part-time? Do you feel like the world around you is caving in and there simply aren’t enough hours in the day?

It does get easier, I promise. Once you get settled into a college you’ll be able to take a deep breath, but in the meantime let me help you make sense of the tests you may need to take to get into college (I say may need because each school governs its own admissions criteria).  I find seeing something in writing helps focus me. I see the objective and attack it like Jared at a Subway buffet. Hopefully you’re the same way. Let’s take a look at those various admissions tests.

PSAT: A 2-hour practice exam for the SAT focusing on critical reading skills, math problem-solving skills, and writing skills.

SAT: The nations most widely used admissions test among colleges and universities. Areas of focus are critical reading, mathematics, and writing. This 3 hour and 45 minute exam is administered several times per year.

SAT Subject Tests (formerly SAT II): Many selective colleges require you take one of 20 one-hour specialized exams. These exams give the student the ability to demonstrate to the college their mastery of a given topic. Many colleges use this exam for admission, or course placement. Most students take these tests at the end of their junior year or beginning of their senior year.

ACT: A 3 hour and 30 minute admissions test focusing on English, math, science, and reading. Add another 30 minutes if you elect to take the writing component. Almost all schools will accept these scores in lieu of the SAT.

Another thing you may want to consider doing is taking AP classes in High School. Advanced Placement courses can earn you college credit or at least get you out of those boring college 101 classes, assuming you score a 4 or 5 on your exam (your grade is based on a 1 to 5 scale).

For those students who don’t test well, like me, the door is not closed on your future by any means. You can still enroll in a two year community college. Community colleges offer an opportunity to pursue higher education to all students who obtained a high school diploma, GED Certificate, or have demonstrated the “Ability to Benefit.” Then, after you make the marks, you can transfer over to a four year school if you so choose.

Take a look at our College Planning guide which guides you from freshman year to senior year.  You can also sign up to receive detailed college preparation action plans, and our Student Action Plans Newsletter.

Life will present you with many tests along the way. Just always be sure to strive for your personal best. If you can look yourself in the mirror at the end of the day knowing you put your best foot forward you have already passed my friends.

Now comes the bad news: the number of regular applications is way down, about 30 percent fewer than at this time last year.
“To be quite honest, I don’t know how we’ll end up,” said Derek Gueldenzoph, dean of admissions at the college, in Northfield, Minn. “By this time last year, we had three-quarters of all our applications. The deadline’s Jan. 15. If what we’ve got now is three-quarters of what we’re going to get, we’re in big trouble. But if this turns out to be only half, we’ll be fine.”
Not all private colleges are reporting fewer applications this year. Even in the Midwest and Pennsylvania, where most colleges seem to have dwindling numbers, some are getting more applications than ever. Still, in a survey of 371 private institutions released last week by the National Association of Independent Colleges and Universities, two-thirds said they were greatly concerned about preventing a decline in enrollment.
Getting exactly the right enrollment — always a tricky proposition — is especially crucial for small colleges with tuition-driven budgets. One case in point came last month, when Beloit College in Wisconsin announced it would eliminate about 40 positions because 36 fewer students than expected had enrolled. The college has about 1,300 students and gets three-quarters of its $55 million budget from tuition.
Admissions officers nationwide point to several possible reasons for the drop in applications. Some students have pared their college lists this year. Many more are looking at less-expensive state universities. Many institutions accepted more students under binding early-decision programs, and each such acceptance drains off an average of 8 to 10 regular-decision applications. And some experts suspect that students are delaying their college plans.
The deadline at most colleges is still a few weeks off, so a last-minute flood of applications could raise the numbers to last year’s level. But admissions officers say they are not counting on that.
“I’ve been doing this a long time, and I don’t remember a year when applications started out behind and didn’t end up behind,” said Steve Thomas, director of admissions at Colby College in Waterville, Me., where early-decision applications were higher than usual but regular applications are running about 14 percent behind.
At Gettysburg College in Pennsylvania, where early-decision applications were up, regular applications are down about 15 percent, said Gail Sweezey, the director of admissions.
“One thing that’s happened this year is that there’s all this talk, and one-sided media stories, about how private colleges are unaffordable,” Ms. Sweezey said. “It’s become almost viral that there’s no loans, that schools are having problems. The truth is that a lot of private colleges have more financial aid available this year, but there’s lots of misinformation out there. And my guidance counselor friends tell me students may be applying to fewer places and turning to their state university, which will be at capacity.”
If some private colleges are grappling with the specter of too few applications, public universities and community colleges are having the opposite problem — more students at a time when their state financing is being slashed.
In California and Florida, some public institutions have been forced to cap enrollment. And even in states like Pennsylvania, where the number of high school graduates is declining, applications to public universities are growing.
“We have 47,971 applications as of now, compared to 45,760 at this time last year,” said Anne Rohrbach, executive director of undergraduate admissions at Pennsylvania State University. “We’ve been making offers since October, and we’ve already had 1,638 students say yes, compared to 1,096 at this time last year.”
Generally, Ivy League universities with generous aid packages to low- and middle-income families have as many applicants as ever — and even more applying for financial aid.
“We had 27,462 applications last year, and we’ve been running almost exactly on last year’s pace,” said William Fitzsimmons, dean of admissions at Harvard College, which has eliminated early decision. “More students are applying for financial aid. It’s a significant increase, four full percentage points ahead of last year.”
Yale received 5,556 applications this year, 14 percent more than last year, for its nonbinding single-choice early action program, said Jeffrey Brenzel, the dean of admissions, who added that regular applications were running higher, too.
Dartmouth has more applications than ever, early and regular, as do Duke University, the University of Denver and the University of Rochester.
Jonathan Burdick, the dean of admissions and financial aid at Rochester, said the school’s reputation for generous merit aid helped draw applicants.
“This is a time when families may be looking at options that are less costly,” Mr. Burdick said. “There are a lot of families who may make $180,000 to $200,000 but can’t afford $50,000 a year and might apply to a Rochester, where merit aid this year can be as much as $14,000.”
Many selective private colleges say fewer applications are no problem.
“We’re down about 16 percent now, and I think we’ll be down 10 to 15 percent at the end, Jan. 1,” said Monica Inzer, the dean of admission and financial aid at Hamilton College in Clinton, N.Y. “If our acceptance rate goes up a little, that’s O.K.”
Mark Hatch, vice president for enrollment management at Colorado College, said he expected to have about 5 percent fewer applicants this year and took a similar view.
“We admitted 26 percent last year, and if it’s 31 percent this year, we’ll make more people happy,” Mr. Hatch said. “I think the economic uncertainty has families, even families of means, telling their children to round out their college lists with state universities. This year, families want two safety nets, one for the first hurdle, admission, and one for affordability. Anecdotally, I’ve noticed a lot of parents this year listing their occupation as unemployed.”
At many colleges, financial aid requests are up significantly. At Connecticut College, for example, 42 percent of the accepted early-decision students applied for financial said, compared with 34 percent last year — and 36 percent qualified for aid, compared with 24 percent last year.
This has been a particularly difficult year for small private colleges that accept a majority of their applicants.
Stephen MacDonald, the president of Lebanon Valley College in Annville, Pa., where applications are down about 15 percent, is taking steps to lure more students, including adding lacrosse for men and women and hiring a prominent coach, which he thinks will attract 20 to 25 students.
“We’ve also increased our scholarship award to children of alums, from $500, which is a nice gesture, to $2,500 a year, which is more than a gesture,” Mr. MacDonald said.
“We could still end up down 3 percent, which could sting,” he said. “This is a time when schools like ours, private liberal arts colleges that don’t have a big name, are in a potentially dangerous realm.”
By TAMAR LEWIN
NY Times
December 21, 2008

When I was in High School I didn’t know much about AP classes. In fact, I’m embarrassed to admit I didn’t even know AP stood for Advanced Placement. I really didn’t consider myself to be college material at the time so I paid no mind.

I took a blend of standard and college level courses back in the day and was an average student at best. Now, however, I find myself sounding like my Mom when she would say, “If I only knew then what I know now.” Not only would I have known AP stood for Advanced Placement but I would have taken a couple of those classes. So why do High School students take AP classes? Basically to get ahead and prepare themselves for college.

Through college-level AP courses, you have the opportunity to earn credit or advanced standing at most of the nation’s colleges and universities. You could potentially earn three to six credit hours per exam. You just need to check with each college regarding their policy. Below are some notable advantages to taking AP classes.

Gain the Edge in College Preparation

• Improve your writing skills and sharpen your problem-solving techniques.
• Develop the study habits necessary for tackling rigorous course work.

Stand Out in the College Admissions Process

• Demonstrate your maturity and readiness for college.
• Show your willingness to take the most challenging courses available to you.
• Emphasize your commitment to academic excellence.

And for those students who are home-schooled or attend a school that does not offer AP classes, no worries. The College Board allows any student to take the examination without participating in the course. That way everyone has an equal opportunity to take the examination. Exams are held each May.

As of the 2009 testing season, exams cost $86 each, though the cost may be subsidized by local or state programs. Financial aid is also available for students who qualify for it; some schools will cover the cost for you depending on your parent’s income.

It really is a wise investment in you to take an AP level class. And while I may not agree with the old proverb early to bed and early to rise makes a man healthy, wealthy, and wise; I do believe getting an early start on college level courses is the way to go. Take that first step and ask your guidance counselor for more information.

Here are some general questions we get about Private Student Loans:

How much can I borrow?

Private student loans allows you to pay for education related expenses up to the cost of attendance. Certain annual limits may apply, and can vary by lender.

What proof of enrollment do I need to provide?

Proof of enrollment usually includes one of the following: a tuition bill, award letter or recent transcript that is no more than 90 days old from the college the loan is for. Documents must include the student’s name, enrollment period, and name of the school. Enrollment period must include the enrollment period you provided on the loan request.

What are the different repayment options?

You have three options including deferment or repayment of interest only or interest and principle.

Full Deferral: No principal or interest payments due while enrolled in school (up to four or five consecutive years). Payment of principal and interest will usually begin 6 months either after graduation or if no longer enrolled at least half time. Interest will continue to accrue during the deferment period and will be capitalized (added to the loan balance) at the time of repayment.

Interest Only: Pay only accrued interest while enrolled in school (up to four or five consecutive years). Payment of principal and interest will begin after the loan is fully disbursed.

Immediate Repayment:Payment of principal and interest will begin after the student loan is fully disbursed.

How soon will I receive my funds?

Once you receive conditional approval, you will complete a promissory note and be required to submit documentation to verify the information on your application. If you return the requested documents quickly, you will receive your money soon afterward — it typically takes about 14 days but it can take as little as five business days after your conditional approval.

What is my interest rate?

The Interest rate is a combination of the LIBOR rate or the Prime rate, plus a margin. The margin is based on you and/or your cosigner’s credit. The rate will fluctuate as the LIBOR or Prime rate changes. Applying with a credit worthy qualified cosigner may help you qualify for a lower rate.

LIBOR is an interest rate index used to determine the interest rate at which banks borrow funds from each other in the London Interbank market. It stands for the London Interbank Offered Rate. The Academic Answer product uses the current one-month LIBOR which can be found in the “Money Rates” section of the The Wall Street Journal (Eastern Edition).

The Prime rate is a “reference or base rate” that banks use to set the price or interest rate on many of their commercial loans and some of their consumer loan products. The prime rate tracks fairly closely with other short-term interest rates, such as the overnight federal funds rate.

Can I defer my payments while I’m in school?

Yes, you can typically defer your payments for up to 60 months as an undergrad student.

How is the interest rate calculated for the private student loan?

The variable interest rate is calculated by adding the current LIBOR or Prime rate to a margin.

Are there fees associated with the private student loan?

Based on your credit history, there may be fees associated with origination, disbursement or repayment. Fees can vary significantly by lender.

How much can I borrow with the private student loan?

The loan typically offers an annual maximum of the cost of attendance, as determined by your school.

Is there a grace period?

Yes. If you choose full deferment, payments do not have to start on the private student loan until six months after graduation or dropping below half-time status.

Is there a minimum monthly payment?

Yes. Once principle and interest payments begin, the minimum monthly payment is $50.

What expenses can the private student loan cover?

The private student loan can be used to cover education-related expenses including tuition, fees, books, living expenses, a new computer, etc.

Do I have to be enrolled at least half-time to receive a private student loan?

Yes. Borrowers must be enrolled at least half-time in an eligible and participating school in order to receive a private student loan.

Does your private student loan offer any discounts?

The student may be eligible for a 0.25% rate reduction, if the payments are automatically deducted from a personal bank account. Private student loan discounts vary by lender.

Is the interest tax-deductible?

Interest on student loans may be tax deductible. Please consult your tax advisor or visit irs.gov for more information.

How long are repayment terms for a private student loan?

The standard repayment term is 15-25 years.

When I think about the month of April I usually think about Easter, chocolate, rainfall, and warmer weather after that long comes in like a lion goes out like a lamb month of March passes by, but now I have something new to think about, “haggle month.”

Due to the fact that students generally have until May 1 to decide on a school, financial aid officers refer to April as haggle month because of all of the parents who spend time asking for better financial aid offers.

Typically, a financial-aid offer will consist of five parts: grants, scholarships, work-study jobs, federally backed Stafford loans, and Plus loans for undergraduate students. Each school understandably offers different packages to each student based on merit and need. For this reason it not only benefits you to apply to several schools to examine the various offers, but also to use those offers as leverage to score the best overall package. I mean, the worst they can say to you is sorry, but that is our best and final offer. Obviously a best case scenario is that they sharpen their pencil and come back with an increase in the grant or scholarship portion of the package. The squeaky wheel gets the grease my friends.

So go out there this spring and make me proud. Put your sales hat and raincoat on and work some magic. The ones that don’t ask for a more lucrative package are the fools – the April fools.

In case anyone is interested, the most popular colleges based on visitor traffic on HowToGetIn.com are:

http://www.howtogetin.com/colleges/ohio-state-university-columbus/
http://www.howtogetin.com/colleges/university-of-florida-gainesville/
http://www.howtogetin.com/colleges/university-of-texas-at-austin/
http://www.howtogetin.com/colleges/george-washington-university
http://www.howtogetin.com/colleges/penn-state-university/

To search for colleges that you are looking at, you can visit:

http://www.howtogetin.com/colleges/search/

See our list of the Top 10 Colleges and Universities

“More college students and their families are struggling to afford tuition at public institutions due to increasing costs and state funding cuts in education and financial aid” PBS Online NewsHour reports. “John Tulenko of Learning Matters Television takes a look at the impact of rising higher education costs in the second of a two-part series.”

You can read the complete November 9, 2008 PBS Online NewsHour article on-line.