​The College Money Hunt

The rising cost of tuition is truly mind-blowing and hard to fathom as a parent. As an incoming freshman at UC Berkeley, I paid $325 semester in tuition. Monthly rent ran about $350/month, and I could get by on a monthly budget of $400 to cover my other costs. By the time I was preparing to graduate from Cal, tuition had nearly quadrupled. Today, the total cost of attending UC Berkeley for a year is just under 35k. Private tuitions soar. The total cost of attending Boston University and New York University has risen to $67k/year and will increase in the years forthcoming.

What to do?
As a student there are ways that you can help your parents afford this tremendous investment.

1. Get a job. Having a job in college is fun! Working is also a great way to get career related experience and expand your social circle. It will make you more disciplined with your time. Making your own money will build your self esteem.

If you are a high school student, consider getting a light job during the year and increase your time over the summer. If you are a college student, then figure out whether working is a good option for you, feel it out once you get to campus and after you have settled into your new life. Schools are not created equal and a student at one school may feel thoroughly overworked while a student at another school may find the workload quite manageable. If you feel that working during the school year could offer some texture to your days, check with the employment office at your college or university. Often there are great on-campus jobs such as working in a lab with professors, or with students in the dorms, library, gym or administrative offices. If school is too demanding, then consider getting a summer job.

1. Hunt for scholarships. Unfortunately, there are not endless coffers of money to be found. But a little bit of research and asking around might lead you to some money to cover book costs, transportation, or if you are lucky, you’ll find a scholarship that covers a quarter of your cost of attendance.

Honors Programs
Looking for scholarships takes patience. One of the most likely places to find a scholarship is in conjunction with an honors program. Once you’ve been admitted, find out if you can apply to the honors program. See if there are fellowships or scholarships linked to the honors program. Dig into the Financial Aid page to see if there are opportunities to apply for money there.

Institutional and Community Sources
The Federal Student Aid Office suggests that you consider multiple fronts in your research for scholarships, including your parents’ employers. Here’s their list:

• the financial aid office at a college or career school
• a high school counselor
• the U.S. Department of Labor’s FREE scholarship search tool
• federal agencies
• your state grant agency
• your library’s reference section
• foundations, religious or community organizations, local businesses, civic groups
• organizations (including professional associations) related to your field of interest
• ethnicity-based organizations
• your employer or your parents’ employers

College application related websites can also be helpful in your search. Consider Unigo’s monthly alerts on large and small scholarships and the College Board’s Scholarship Search tool.

Crowdfunding
Crowd-funding is another option. Not all crowdfunding platforms will allow you to raise money for college, but some do. Take a look at this list of crowdfunding sites for college bound students. Keep in mind that you don’t have to ask for money for college. Instead come up with a project of your own, raise money for that project and then use the money for college.

Research Grants/Teaching Fellowships
Once you are a student, you can also look into getting a teaching fellowship to help professors with their teaching or research. Undergraduate research grants can also help offset the costs of travel associated with your own research projects.
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A Note of Caution
If you already have a full or significant partial scholarship to attend college, look into the consequences of obtaining more money. Will the college reduce your scholarship?  For more information on this visit the website of the Federal Student Aid Office.

​Emotional Next Steps

No matter what is happening, these critical moments are always an invitation to celebrate and care for ourselves and others. Even students who get into their “dream” schools can suffer all kinds of surprising feelings: self-doubt, questioning, even feelings of disappointment that the “big race” is now over.
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No matter what outcome you face, now is the time to give yourself some well-deserved self-care. Spend these days supporting yourself and your peers. Listen for your feelings and pay attention to your needs. Tune in and attend to whatever you need: self-compassion, a hug, some play time, a nap, a treat or healthy meal, exercise, community, nature, quiet, noise, whatever you are craving. Most importantly, tune into your own kind-spiritedness. Keep yourself and your community positive and avoid gossip; treat everyone well and you’ll discover an added boomerang effect of boosting your own self-esteem.

Practical Next Steps

Review my tips from my last blog about handling your news and everyone else’s. You can find them at the bottom of this blog.

If you are admitted, celebrate. That’s easy. Enjoy! Be a good friend to your peers who may have not been admitted to their early decision school.
 If you are deferred or waitlisted, take action.

• A college that defers or waitlists you will often send instructions asking you to indicate whether you are still interested in being considered for admission. You may be required to complete some new questions, send a letter of recommendation, or provide a new essay. Unless you are given a deadline, then wait until the end of January or beginning of February when you have some significant new information to report: grades, changes in activity, etc.
• If a college gives you no clear indication of how you should follow up, then you ought to consider writing what is called “a letter of renewed interest.” In a letter of renewed interest, include the following:
  • Express gratitude that you are still under consideration. (I know this will feel like a stretch or inauthentic. Remember, you might have been outright rejected.)
  • Summarize any new information that was not included in your initial application.
    • your midterm transcript
    • improvements in your grades, extracurriculars, or creative pursuits
    • anything you’ve learned that you think is relevant to being a college student
    • plans and goals for the forthcoming semester
  • Reiterate your reasons for applying to the college and what makes you excited to attend. Try to say something you haven’t already said.
  • Thank the admissions office for their time and consideration.

If you are rejected, consider an appeal.

• You should only appeal if it is reasonable and only if a college considers appeals. The majority of the most prestigious universities in the country do not review appeals. Read carefully over your notification and through the website to find information about the filing and handling of appeals. If you can’t find any information, call admissions and ask if they review appeals.
• It may put your mind at rest to call admissions and find out more about your rejection. It is best for a parent to handle this. Keep in mind that this is a very difficult time for those who work in admissions. They receive hundreds of hostile emails and phone calls everyday, and it is painful for them to have to face so much disappointment and anger. You may get the usual response that “it was a very competitive year…” It is not rare, however, that an admissions representative will take some time to let you know in greater detail why a student did not make the final cut.

Keep things in perspective. Don’t make the error of believing that this decision-positive or negative-is going to change your life. Your life–no matter where you go to college–will be shaped most by your attitudes and the behaviors you develop to shape your life. Here are Frank Bruni’s words on this point.

“We know that where we go to college will have infinitely less bearing on our fulfillment in life than so much else: the wisdom with which we choose our romantic partners; our interactions with the communities that we inhabit; our generosity toward the families that we inherit and the families that we make. We know that no college can compete with getting any one of those things right.” (Frank Bruni, Where You Go Is Not Who You’ll Be)

Riding the Emotional Rollercoaster

Receiving this news and hearing about everyone else's news can feel overwhelming. So look ahead and devise a plan for opening letters or checking your status on the online admissions portal. Here are my ideas:
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1. Timing. Consider being strategic about choosing a time to look up admission results. If you feel you might be emotionally thrown off by admissions news, then get your homework or exam preparation out of the way first. Even if you are admitted to your early decision school, you may not be admitted to your early action schools. Don't be surprised if receiving a rejection upsets or confuses you even after you’ve been admitted to the college you most want to attend.
2. Make room for what you feel. Make time to be sad. And make time to have fun and let go of your emotions. Remember that you are not alone. The entire world is sharing in this process with you. Everyone is receiving good and bad news.
3. To share or not to share? Think about how you want to share information about your news with your peers. You can wait and tell people at the end of the process after you accept admission somewhere, you can share all of your updates every month, or anything in between. Do what is most comfortable for you. Please contact me if you want to discuss this.
4. Plan fun. The emotional ups and downs can take a toll. Find a way to reset! Most people reset with a new activity, extended exercise, creative play (yes, baking counts), a great snack or meal, time with friends, a funny video or movie. My personal favorite is going to a place I've never visited or trying a new food. Life is filled with these stressful moments, so learning to reset will help you on the road ahead.
5. Watch your thinking. We humans let our thinking get the best of us. Try not to put extra pressure on yourself by creating stories in your head.

• Remember the big picture: no one college is going to make or break your future. In fact, YOU are the one who will determine your college experience and your future.
• It isn’t personal. The admissions process is mysterious, even to those who make the decisions. Deciding who to admit is not easy and often involves a back and forth between admissions’ committee members. The goal of each admissions office is to build a community; they choose a finite number of students, each with a particular profile, personality, experience and set of interests. They select based on the school and geographic area. If who you are did not fit into the mosaic, this is not about you. It is about the mosaic that admissions created this time around. You can’t be anyone other than who you are. Don’t be hard on yourself.
• It will all work out. It always does. Come May 1st,  you will be joyfully committed to a college that you are excited to attend.

If at any time, you need to talk or review anything, or if you don't understand the results, please contact me. I'm always happy to see you in my office, get coffee, talk by phone, or text. I'm here the whole time until this is over.