High school seniors have been receiving their final admissions outcomes over the last few weeks of March. Admissions season now unofficially culminates today with Ivy Day, when colleges in the Ivy League release their decisions. Some of our students will feel like they won the lottery today; others will have their dreams shattered.

As we head toward May 1, the enrollment deadline for US colleges, our students are asking these questions, and you may be too: 

• Is there any chance to get off of a college’s waitlist? If so, what can I do to maximize my chances? 

• I can’t afford my top choice school. When and how should I negotiate for more aid?

• How do I know which college to choose when I have multiple good options? 

• What do I need to do after I accept my offer and enroll at my college? 

There’s nothing harder than getting into your dream school and then not having the funds to pay for it. This blog answers common questions such as: Learning the difference between financial aid and merit offers in my college acceptance letter. How to appeal a financial or merit award from a college. And, how to know how much to ask for.

How Do Real Families Pay for College?
It used to be that getting into college was about finding the “best” schools available and then giving them a shot. Now we all lie awake at night wondering, How will I pay for college?

Last week’s blog covered how to read your award letter, but what can you do if the amount you are on the hook for is higher than what you can-- or want to-- pay? Ideally you will have sussed this all out before applying to schools, but the reality is that a school isn’t always transparent about expected family contribution, and even when it provides a cost calculator, the school doesn’t necessarily stand by it.

Many questions arise when you read a college’s financial award letter, but what you must focus on is the bottom line: After all is said and done, what will I be paying? The formula is simple: COA - GIFT AID = EFC

This post describes how to negotiate your award package in whatever form it comes (need-based or not).