Tag: college

Posted in Money

How COVID-19 Is Changing the Way Families Save for College Costs

<strong>Ryan Ermey</strong>: With the fall semester fast approaching, the COVID-19 pandemic has cast a shadow of uncertainty over higher education. Kevin Walker of CollegeFinance.com joins us for a discussion of how the landscape has changed for colleges, students, and parents alike in our main segment. On today’s show, Sandy and I talk tax refund delays and answer reader mail about how to pay for a new home in retirement. That’s all ahead on this episode of Your Money’s Worth. Stick around.

<strong>Ryan Ermey</strong>: Welcome to Your Money’s Worth. I’m Kiplinger’s associate editor Ryan Ermey joined as always by senior editor Sandy Block. And we’re talking tax refunds here in the first segment, Sandy. My question to you to kick things off is did you get your refund?

<strong>Sandy Block</strong>: I owed the IRS. So to me, this is a nice problem to have. But here’s the deal, the deadline for … Read More

Posted in Insurance

Should You Buy Tuition Insurance for College This Year?

You insure your house and auto without thinking twice, but have you considered buying insurance for college tuition?

Considering the average annual cost for tuition, room and board at U.S. colleges was $24,623 for the 2018-19 school year, a four-year degree will likely cost more than your car (and maybe your house).

But is tuition insurance worth the cost — and what does it cover (particularly in light of the coronavirus)? Check out our cheat sheet for what you need to know about tuition insurance, especially this year.

What is Tuition Insurance?

In general, tuition insurance is a policy you can buy that will refund your college costs in case you need to withdraw due to an unexpected medical event.

Tuition insurance differs from a refund from your college. Learning institutions typically offer complete or partial tuition refunds on a very limited basis, based on their own internal policies.


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Posted in Finance

‘Clear as mud’ housing refund plans irk college students

RALEIGH, N.C. (AP) — When Laura Comino opened the housing email from the University of North Carolina at Greensboro in June, she knew she had to take action.

At the direction of the state’s public university system, UNCG asked her to sign a housing contract addendum acknowledging that she might not get a refund if the school kicks her out of her dorm in the fall because of the coronavirus pandemic.

An online petition Comino circulated days later collected nearly 40,000 signatures from people demanding that all 16 UNC System colleges offer prorated refunds and return deposits if the virus closes dorms.

“People got so incredibly upset thinking this would affect all of us, and there’s a possibility where it still might,” Comino said.

With classes scheduled to begin in August, the possibility of no refunds has left students and administrators alike with questions. Comino and the dean of her

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Posted in Personal

College sports betting should be banned

Pittsburgh athletic director Heather Lyke argued in a Senate Judiciary Committee hearing on Wednesday that gambling on college sports should be prohibited.

Lyke testified as part of a hearing titled “Protecting the Integrity of College Athletics.” The hearing was scheduled as college athletic administrators are pushing for federal legislation to govern rules allowing players to make money off their name, image and likeness.

Lyke argued in her prepared testimony that legal gambling on college sports “will have a corrosive and detrimental impact on student-athletes and the general student body alike. Gambling creates pressures and temptations that should not exist.”

Since a federal law banning sports wagering across the country was repealed in 2018 and left for states to legalize sports betting, betting on sports is legal in 18 states. Multiple states have rules against betting on schools located in them and Lyke cited those restrictions as a reason why gambling

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Posted in Money

9 Reasons You Could Win a Scholarship for College

Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. Check out our Student Loan Hero Coronavirus Information Center for additional news and details.

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If you’re hoping to help finance your college education with money you don’t have to pay back, you may be wondering how to win scholarships. There are many factors that go into getting scholarships or grants.

We’ll discuss nine reasons you might win a scholarship or grant and provide 12 tips to help you in your quest to secure these funds.

How to win scholarship or grants: 9 ways

1. Financial need 2. Academic achievement 3. Community service 4. Athletic accomplishments 5. Gender, ethnicity or sexual orientation 6. Parents’ place of employment 7. Being part of a military family 8. Unusual traits, skills or hobbies 9. Random

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Posted in Insurance

Is college tuition worth it when classes are online?

With schools across the country shifting to online learning amid the coronavirus pandemic, many college students are trying to decide whether that experience is worth the high price of tuition. 

“It’s a tough choice to decide not to go to campus,” said student Tia Moore. “I won’t have that freshman experience. … I don’t want to be dramatic, but it was kind of heartbreaking when you love school and you love learning.”

“I realized I’m a lot better at learning in person rather than online,” said Alex Millinoff, who said he’s planning to skip his fall semester. “I felt that my money would be put to better use if I were to wait for classes to be in person.”

George Pham said he has some concerns about online classes. 

“I’ve taken online courses before, and I think that they’re fine. … Obviously not ideal,” he said. “I really want to

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Posted in Personal

College Is More Than Classes

The COVID-19 pandemic has fundamentally restructured higher education for at least the next semester. Come fall, many college students are yet again facing a life off-campus, sitting in front of a screen. Despite the obvious differences between online and in-person education, colleges and universities are largely set on maintaining — if not raising — tuitions. This raises the question: Is an online education worth the same as one in person? It also raises a broader, more important question: What is the value of a college education?

Before I try to answer them, let me show my cards. I am a rising senior at Harvard, where only first-years and students with extraordinary circumstances will return to campus in the fall and only seniors will return in the spring. Harvard’s residential capacity has been topped at 40 percent, and all classes for all students — including those living on campus —

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Posted in Finance

Coronavirus: Here’s how to negotiate your college tuition

In the spring, the coronavirus pandemic forced colleges and universities to shift to online learning, a move that many plan to continue into the fall semesters. While adjusting to the new learning setup, students may also want to consider asking for a break on their tuition bills.

Some universities have already announced discounts, such as Princeton which is offering 10% off for all undergraduate students starting the 2020-21 school year. For others, you may need to ask for a discount yourself.

“Many colleges use very sophisticated modeling to help them predict exactly how many students they need to accept and at what price point in order to fill their class and bring in the tuition revenue that they want,” Shannon Vasconcelos, director of college finance at Bright Horizons College Coach. “This year, though, the models have been thrown out the window.”

Some universities have already announced discounts, such as <a href="https://www.princeton.edu/news/2020/07/06/princeton-announces-plan-fall-2020-guidelines-undergraduates-returning-campus" rel="nofollow noopener" target="_blank" data-ylk="slk:Princeton which" class="link rapid-noclick-resp">Princeton which </a>is offering 10% off for all undergraduate students starting the 2020-21 school year. Photo: Getty Creative
Some universities have already announced discounts, such as Princeton
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Posted in Insurance

4 things students should know about their health insurance and COVID-19 before heading to college this fall

<span class="caption">College students should weigh their health insurance options if they take in-person classes this fall.</span> <span class="attribution"><a class="link rapid-noclick-resp" href="https://www.gettyimages.com/detail/photo/young-woman-consulting-with-her-doctor-royalty-free-image/1245097085?adppopup=true" rel="nofollow noopener" target="_blank" data-ylk="slk:Geber86/GettyImages">Geber86/GettyImages</a></span>
College students should weigh their health insurance options if they take in-person classes this fall. Geber86/GettyImages

As colleges and universities decide whether or not to reopen their campuses this fall, much of the discussion has focused on the ethics behind the decision and the associated health risks of in-person instruction.

As a researcher who studies health insurance policy, I see two important gaps in this discussion: 1) Who should pay the cost of treating the inevitable COVID-19 cases that will occur; and 2) What do college students need to know about their coverage?

Here are four things I think every college student – and those who care about them – should know about health insurance coverage when it comes to COVID-19.

1. Weigh coverage options

If you’re covered under a student health insurance plan through your school, it may be worth considering whether that is still your best option. The

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Posted in Personal

How to Make Friends in College, According to Experts

Photo credit: JACOB LUND - Stocksy
Photo credit: JACOB LUND – Stocksy

From Cosmopolitan

Heading off to college can be an intimidating (and exciting!) adventure. Maybe you’re living on your own for the first time in a new city, away from your parents, and learning how to juggle academic work and way too many fun social opportunities—not to mention that growing pile of laundry in your room. Even if school is in the same town where you grew up, starting a new chapter like college is a great time to make new friends. Plus, in my humble opinion, college besties are in a league of their own. They’re your lifelong crew. Nothing bonds you quite like spending 24/7 together, studying and hanging out and never ever getting enough sleep.

But, yeah, of course, making new friends can be nerve-wracking and even a bit awkward, especially if you’re not outgoing by nature. Which is why I tapped

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