You're watching...
Tips and advice on ways to make college affordable, and how to get the most financial aid available
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
We'll college tuition sticker shock Caspian is across the country worried as may first approach is a deadline for many high school seniors to decide where they're gonna go.
Right now the average cost for a year at a public colleges more than 21000.
Dollars private schools double that more than 42000.
A year.
Joining us now senior vice president of Princeton Review -- frantic he's gonna help parents and kids get the best bang for their buck.
-- great to see today.
Good to be here Shannon thanks for letting me.
All right so let's talk about this and we took a look at send information about who's gonna need financial aid.
And students.
-- -- were surveyed the 87% of them say it's very likely they're going to need -- either extremely or very like parents say 83%.
Pretty much everybody acknowledges they're going to need some kind of help.
What is the best strategy for getting started what's the first deadline where do you Begin this process.
Well one is -- is I think to understand those those numbers we've been doing a survey prints -- you can't cultural tumors as you said 87%.
And we looked a little over 111000 Kyle thank you and their families.
Say that they're gonna need made it very or extremely and it needed to pay for college.
So we know that there is there's Specter -- concern around financially one you always have to apply no matter where you come -- -- income spectrum you have to putt for financially through the fast the form.
And that application -- the application is the free application for federal -- -- so in addition to your college applications being the number one most important application the second most important is always going to be here financially application through the fast.
You know I hear again and again from you know parents and and when I was gonna cost myself -- remember that families you feel like.
On do you do have some money to cover some expenses but when you look at how much college is going to cost.
On -- -- worried they won't qualify because they do have a decent and come but he can be overwhelming to think about tens of thousands or hundreds of thousands.
In expenses.
Still you know can -- were even doing OK at this point can they hope to get any aid for college.
I think that the the answer is yes I mean there's a lot of money for -- out there it's a 170.
Billion dollars this year now as you say there's a lot of people competing for those for those dollars.
They're competing in two different channels the fact that channel which is definitely -- on based on how much.
-- -- family and we are how many -- you haven't school the same time that's will be based on on financial need a -- Celek an academic he gonna say this but.
The best thing to do your high school student especially early on in high school is to do well in high school do well in your -- -- PG PA.
That and standardized test scored SAT ACP eight.
Cross those two channels and that's gonna qualify students for the majority of schools.
To get merit basic that we had that need based on on prime based on academic merit and that of course based on families financially.
Are so let's talk about college education because now they're gonna debate raging over the last year or sell about whether or not college degrees -- even worth it you know you graduate in in debt -- a bunch of student loan.
We ever pay it off is the degree -- self worth it's a let's talk about that.
On how you decide whether a particular degree is worth it we got some stats here from your review.
56% of students say they do think they're gonna get a better job a higher in common with that.
Sun witty kind honest and hasn't individual decide if it's the right investment for them.
I think this short answer is always gonna be yes having their undergraduate degree -- -- -- college degree is going to help the students not only when they first get out of school and there's some sobering statistic that came out over the last couple of days that said you know.
You know nearly 5354% of teens aren't getting jobs this year -- going to be found those numbers closely -- -- review.
Certainly mentioned get out of school and may all the way through October November and we'll get a a good snapshot of those recent college graduate.
But overall throughout your lifetime students that have a college degree will make a million dollars on average more sinister and that doesn't have that undergraduate degree.
They're also to have more flexibility they're going to be more nimble the type of job that they're going to be available to of those students.
And not be dealt with us and that don't have an undergraduate degree so some certainly from our -- through perspective you need to had a college degree.
To make more money and have -- -- And if you do be prepared to get your forms and and kids get your good grates -- the best advice from rock for it again this morning so -- lot waltzing out of that -- rob.
-- -- -- -- --
