For seniors who applied during the early application cycle, December will bring admission news and by spring regular decision results will be pouring in. As your shortened college list begins to take shape, doing some dedicated research into how colleges are handling the pandemic is advisable. Issues related to financial aid and return on investment are paramount. Here is a short list of questions to ask and things to consider that may stimulate other questions of importance to your family.
The technology to switch to remote learning was easier for some colleges than for others. How seamless was the transition and did the college charge technology fees for the delivery of online courses? See Assessing Online Learning for four questions you should be asking.
Will schools be less generous with financial aid packages than in prior years?
Did the college lose faculty? We know many senior professors retired due to the pandemic. How will the loss of prestigious faculty affect your return on investment?
How will colleges assess your financial need? The Free Application for Federal Student Aid (FAFSA) assesses financial need and pulls a family’s financial information from two tax years prior. For complete information about FAFSA visit https://finaid.org/. Most importantly for high school seniors, students planning to attend college in fall 2021, your financial need will be assessed based on your family’s 2019 tax returns. Your financial situation may look a lot different in 2020 than it did in 2019. A job loss or serious illness may have caused a change in your family’s ability to afford college. After you have sent in your financial aid forms, call and ask about how to proceed with an appeal to review changed circumstances.
College admission and financial aid offices are generally very responsive to inquiries during the pandemic. After-all, they are not on the road wooing students to apply and thus are more available for questions from families. Contact them and ask all your questions and express all your concerns; and if a college is not forthcoming, I suggest crossing it off your list.
Now more than ever, a college education is an essential first step toward a fulfilling career. I am an expert at college matching and have made it my business to stay up to date and informed on the dramatic and ever-changing impact COVID-19 is having on higher education. Staying current and compassionate are critical to providing my students and their families with the information they need for wise decision-making. I encourage you to contact me now for a courtesy consultation.