College Admissions Journey Begins Fall: College Ave Student Loan Survey Finds 9 in 10 Students Apply to Up to 10 Schools

A survey found that 61% of families worry that inflation will affect their ability to pay for college.Make Financing College Part of the Fall Application Discussion

Wilmington, Dell., November 8, 2022 /PRNewswire/ — For parents of high school seniors, Fall Kickoff begins the college admissions journey by narrowing down college listings, applications, essays, tests, and critical financial aid forms.A recent College Ave survey of parents of undergraduate students conducted by Barnes & Noble College Insights for families about to begin their journey to college Learn what parents can expect and how to prepare high school seniors (soon to be college freshmen) financially.

  • organize. Most parents (90%) report that their students are more likely to apply To Up to 10 schools, 31% of parents say their students have applied to between 6 and 10 schools. And if they are applying to so many schools, they need to be aware of multiple school admissions, financial and testing deadlines. please confirm.

  • Enjoy this time. Surprisingly, few families found the college admissions process stressful. Fewer than 1 (23%) found making a list of colleges stressful. In fact, over half (57%) enjoyed helping their child with their college essays.

  • Don’t Ignore Economic FactorsWhen it came to school choice decisions, the main factors were academic major, school location, and campus environment. These three factors ranked highest, while overall cost and excellent financial aid package ranked lowest among his seven factors. Perhaps this is why the cost of college surprised nearly 7 of her 10 households (71%), according to the survey. Especially in the current market, 61% of parents are concerned that inflation will affect their ability to pay for college. Families should include how to pay for college as part of the conversation when applying to school.

“Fall is an exciting time for many families to begin their college journey. Joe de Paulo, co-founder and CEO of College Ave Student Loans. “Parents in the College Ave survey said ‘important’, ‘necessary’ and ‘expensive’ when asked what the top three words came to mind about their child’s college education. The study shows how much families value a college degree, and how having financial conversations can help and reduce financial surprises when families start making college lists. We emphasize what we can do.”

In addition, the survey also asked parents of current college students their best advice for parents of college-bound children.

  • Encourage your child to apply for more scholarships. 79% Respondent Agree. More than half (52%) of parents said they had trouble finding college scholarships for their children, and encouraged peers to take the time to contact local organizations and guidance counselors at their child’s high school. I’m here.Easy scholarships to consider for admission are college avenue $1,000 monthly sweepstakes.

  • Complete the Free Application for Federal Student Aid (FAFSA): 72% Respondent Agree. Her 30% of families receiving grants and scholarships reported being part of a child financial aid package. FAFSA Forms for 2023-2024 academic year of availability October 1, 2022 – Please fill out as soon as possible, as some aid is on a first-come, first-served basis.

  • Prepare for unexpected costs: 71% Respondent Agree. Parents surveyed say more than one in three feel that school and activity-related expenses, their child’s personal expenses, books and supplies exceed their original budget.

  • Consider affordability when looking at schools. 44% Respondent Agree, 59% of parents say they apply to up to five colleges to make sure some schools stay within budget.

For more information on how to improve your financial preparation for college, please visit: www.collegeavestudentloans.com.

About College Ave Student Loans

College Ave Student Loans started with a big vision and a simple mission. Take the stress out of paying for college so students can focus on preparing for a bright future. Today, a leading fintech lender, College Ave uses best-in-class technology and deep industry expertise to deliver practical and personal solutions to help young people start on their path to financial success. We are still working on providing it. We offer best-in-class products with competitive prices and a customer-friendly experience from start to finish.Visit: www.collegeavestudentloans.com

About the survey

College Ave Student Loan Survey Barnes & Noble College InsightNationwide online survey of parents of undergraduate students attending a four-year college or university on one of Barnes & Co.’s campuses Noble College With 1,043 respondents, September 2022Last year, Barnes & Noble College Insights conducted over 50 research studies and over 100 surveys of students, faculty, and parents interacting with one of more than 770 campus bookstores nationwide.

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SOURCE College Avenue Student Loans

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