YCBK 515: After You Hit Submit, “What Else Do You Need To Do”?
Your College Bound Kid | Admission Tips, Admission Trends & Admission Interviews
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The Impact of Financial Aid on College Admissions
This chapter explores the significance of financial aid applications, especially the CSS profile, as a key factor in the college admissions process. It highlights the challenges colleges face in managing admit rates and the unpredictability of student behavior, including how external events can influence enrollment decisions. Using examples from various institutions, the discussion emphasizes the complexities surrounding housing, budgeting, and the overall student experience in the wake of fluctuating enrollment numbers.
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In this episode you will hear: (01:56) In The News A mom asks a very important question, Should you ever skip optional questions. Hillary and Mark start out discussing this question but they bounce around and cover a lot of topics including, about 15 minutes discussing “why it is so important for a college to know which students are coming (28:44) Interview: Frequently Asked Questions about 529 Plans, Julie Shields-Rutyna and Jonathan Hughes from MEFA, Part 3 of 4 Preview of Part 3 · S Julie answers the question, what happens if a family saves money and then the student decides that they do not want to go to college, what options does the owner of the 529 plan have? · Jonathan and Julie answer the question, Is it true that parents should first take care of their own retirement before they fund a 529 plan? · Jonathan tells us where our listeners can learn about their 529 plan options. · Jonathan talks about the difference between direct sold vs advisor sold 529 plans · Julie tells us how 529 Plans are handled from a financial aid standpoint, and she talks about how this differs from a Coverdale or UTMA and UGMA. · Julie also talks about the recent changes in how grandparent-owned 529 plans are assessed · Jonathan talks about how you can roll over an UTMA or UGMA to a 529 Plan · Julie talks about the rate that the 529 plan is assessed in the asset calculation compared to other savings options · Jonathan tells us when a family should start investing in a 529 Plan · Julie talks about some of the differences between the 529 Plans and the UTMA, UGMA and Coverdale plans · Jonathan tells us whether a parent should still contribute to a 529 when their child is in college · Julie and Jonathan talk about whether there is an income cap that restricts high income families from contributing to a 529 Plan (47:10) Question from a listener: Lisa and Lynda answer a question from an anonymous listener, “after you hit submit, what else do you need to do”. Lisa and Lynda.” Speakpipe.com/YCBK is our method if you want to ask a question and we will be prioritizing all questions sent in via Speakpipe. Unfortunately, we will NOT answer questions on the podcast anymore that are emailed in. If you want us to answer a question on the podcast, please use speakpipe.com/YCBK. We feel hearing from our listeners in their own voices adds to the community feel of our podcast. You can also use this for many other purposes: 1) Send us constructive criticism about how we can improve our podcast 2) Share an encouraging word about something you like about an episode or the podcast in general 3) Share a topic or an article you would like us to address 4) Share a speaker you want us to interview 5) Leave positive feedback for one of our interviewees. We will send your verbal feedback directly to them and I can almost assure you, your positive feedback will make their day. 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