Wed, Oct 30, 2024 11:30 AM

Unfortunately, financial aid has not kept up with the ever-increasing cost of college. The truth is that many colleges saddle students and parents with huge amounts of debt.  The allure of getting accepted to a selective, brand name college often leads families to make big mistakes when it comes to paying for a college that doesn’t fit their family budget.

The problem is that colleges often fill their Financial Aid Award Packages with college loans. The best example of this is when a college bundles in a Federal Parent PLUS Loan, a loan that is 100% in the parent’s name,  which gives the allusion that it will cost $0 to send their student to that college. It looks great on paper until a family discovers they will be forced to take out a bunch of debt to cover the large funding gap the college has left their family to cover.  Please do not get trapped in this nasty game.

A great way to avoid applying to the wrong colleges is to CLICK HERE and set up your MyCAP Account for FREE.  You can enter in up to 3 colleges and see what they are going to expect you to pay for college prior to you applying. Do your research today, so that you do not have any regrets in the future.

And if you still need to find more money to pay the bill in the future – check out my online College Financial Aid & Scholarship Course: Show Me Where To Find The Money. In this self-paced course, I teach you what you need to know about financial aid and where to find great scholarships. By doing this work ahead of time and communicating as a family, you can avoid making this common college mistake.

Need help finding the best colleges for your student and your family budget – schedule a meeting with me today by clicking below.

Need help with the College Admissions Process, Finding Scholarships, or with Financial Aid?

Schedule your Meeting with Dan Bisig – TODAY!