Let's wrap up the conversation we started last week (http://www.succeedwhereitcounts.com/blog/ "The Four Year Experience at only $100,000 Each"). Students commonly give us some push back on the task of college selection. The student often has one university in focus; maybe two at the most. There is economic value in expanding those horizons.
That is where mom and dad come into the action. The cost of a college education, at the end of the day, is a family decision. We [http://www.succeedwhereitcounts.com] can produce choices. Which choice is made, however, is entirely yours.
We have had families turn down a full scholarship (90% or better cost-of-attendance covered) and choose something more expensive, but closer to home. One family turned their collective noses up at a 50% scholarship (a potential savings of more than $120,000), because they had one particular college in mind and did not care what it cost. There are other, less dramatic examples, but the point is there is more to college selection than price.
Value is an intangible that not only will be considered by consumers, but should be considered. Value matters. Value is why SWIC does more than coach students in the intensive work of college choice. We also coach and advise parents on cash flow solutions. It is not uncommon for families to choose from the middle of the cost pack among the choices available. At SWIC we are actually very good at finding wealth transfers -- money people are currently transferring away unknowingly and unnecessarily -- and recouping those dollars to be applied to the out-of-pocket costs of a college education.
Regardless of what your final choice may be, our unwavering counsel is to choose a college or university with a degree program that will open a door to a personally satisfying and economically remunerative career for your student.
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