414: A Crash Course in Paying for College & Common Affordability Myths

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SHOW NOTES

On today’s episode, Ethan is joined by Amanda Miller, who got her start in financial aid through the College Advising Corps at Davidson College in 2014. A few thousand students, several resources, and dozens of financial aid presentations later, Amanda’s an independent financial aid specialist and college adviser who also serves as the financial aid go-to lady for the Matchlighters program and someone we consider to be a part of the extended College Essay Guy family.

Ethan and Amanda discuss:

  • How do people identify the best ways to pay for college?

  • What are some things that people who win scholarships do differently?

  • What’s the most important thing a student can do to make college affordable and avoid going into tons of debt?

  • How can you learn which colleges are likely to be affordable to you?

  • Myths on topics ranging from financial aid appeals to applying out of state

Play-by-play

  • 1:45 - Intro

  • 2:49 - How do people pay for college?

  • 4:39 - Where does most of the money come from when it comes to paying for college?

  • 5:28 - What are the three types of scholarships?

  • 7:28 - How do students win scholarships?

  • 10:38 - How does the FAFSA help students pay for college?

  • 15:21 - How do students avoid taking on too much debt?

  • 19:23 - How do students figure out what kinds of colleges will be affordable?

  • 27:30 - What are some of Amanda’s favorite affordability tools for students and parents?

  • 29:43 - Amanda busts some college affordability myths

  • 37:33 - How can families determine if college is truly worth the cost?

  • 41:42 - What is the difference between “cost of attendance” and “net cost”?

  • 44:04 - Why should most people still complete the FAFSA?

  • 47:57 - What is a reasonable amount of debt to graduate with?

  • 50:21 - What steps should students take to figure out their financial plan for college?

  • 51:52 - Closing thoughts

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