This website is in its eighth year, and it's devoted to helping you find the most affordable colleges for your kids. I run this site as a public service - so it's totally free, there are no ads or popups, and you won't be asked for a donation. It's also totally anonymous. I will never ask for your personal information, and there is no way for me to gather it. Here, you will learn how to make the best use of an online resource provided at no cost by every American college. That resource is not based on useless data about average aid, but the actual aid your family can expect at each school. Using that resource consistently in your college search will reduce your college costs and loans to the minimum. So, you're about to learn the modern way to find affordable colleges, and you could easily save $100,000 per student. Welcome aboard!
Coronavirus Note: As I write this note on September 15, 2020, the disastrous First Wave of the Novel Coronavirus Pandemic as it has affected the Eastern Seaboard of the United States appears to be subsiding, subject to local flareups in new cases and deaths. However, on our West Coast daily CV-19 cases and deaths have reached a second peak over the last two months that is even higher than the first. In light of this, let's all remember that the right number of Covid-19 cases and deaths in our communities is zero. So, let's be vigilant, and let's follow the instructions of our local health authorities to help our communities GET TO ZERO! Also, let's be aware that every college in the United States is doing its level best to get back to normal. The results of their efforts will vary from community to community and from college to college, but we will all do well to trust their goodwill and their devotion to you students and your parents. I do not expect any lessening in the financial aid available to you graduating seniors for the 2021/2022 academic year, but I will do my annual analyses in October and November, and I will keep you advised of any tends in the results.
A QUICK NOTE ON COLLEGE LOANS:
Reducing expected college loans will be just as important to you parents and students as reducing college costs. Currently, the average amount of student debt accrued in obtaining a single bachelor's degree in America is $33,500. But, using the same method you will learn in this site, I was able to reduce total loans for my kids to $11,000 each. That's a net loan reduction of $22,500 per child, reducing their expected loan payments from $335 to $110 per month. And it wasn't hard to do. The math is easier than the old 1040EZ, and it took way less than 100 hours of research each. That means that I was saving Greg and Maria at least $225 in student loans for every hour of my research. Was it worth it? They certainly think so. And you can get results like that for your kids too.
UPDATE: This website is in eighth year, and we should go over how it's constructed. My goal is to train parents - students too - to be family financial aid experts. In this website, parents and students learn how to use the free Net Price Calculator programs required on all college websites to reliably find their most affordable colleges - while cutting their student and parent loans to the absolute minimum. So, my "basic training" has never changed, and you still need to do those reps, but here are the major recent additions: 1. On my "Methods" page, I include a section called "Clarity and Deception" where we work together, using input data from my middle-income sample family, to complete Net Price Calculator programs for two universities in the same university system. Both of these schools have very weak financial aid for out-of-state students, but the NPC results at one of the schools clearly states this bad news, while the other school hides the cards. The point for you is to know how to spot deception right as it appears so you can dodge potential train wrecks right then. 2. On my page named "Four Presidents", I analyze the financial aid available to the last four American presidents as if they all graduated from high school in the spring of 2019. Two of those presidents, George W. Bush and Donald Trump, were from high income families, and they qualified for no need-based financial aid, then or now. But the other two presidents, Bill Clinton and Barack Obama, needed and received lots of financial aid back then, and I show you just how much aid they would receive at Georgetown and Columbia now, as if they graduated from high school last spring. The news for middle and lower income families today will be very gratifying indeed. 3. On "Bookends", my other new page, we will work through the Net Price Calculator programs of three different schools to give you an idea of the Bookends of your own need-based financial aid, meaning the best and the worst it can be. First, I will show you the Bookends for one of my sample families, and then I show how to find your own Bookends. My goal is to give you a reliable need-based aid standard - you could call it your "college generosity gauge" - for your own college searches. And, by the end of that page, you will also have an accurate estimate of your family's Expected Family Contribution right then, before you do your FAFSA. Valuable stuff? I think so. 4. My newest page - in fact, I'm still writing it - is "Covid-19" where I present analyses and comments on our journey through the First Wave - and what could already be the Second Wave - of the Novel Coronavirus Pandemic.
I. INTRODUCTION The purpose of this website is to help middle and lower income American parents find truly affordable colleges for their children while minimizing their college debt. Although the techniques I developed for this site are equally effective for upper income families, my focus is on helping students who are eligible for Pell Grants - students from American families with household incomes less than about $70,000 per year - to find affordable colleges. So, this site is about saving ON college, not saving FOR college. My goal is to help the dreams that middle and lower income American parents have for the educations of their children come true now, within their realities as they exist today, using assets they already have - or still have, realizing the economic cost for our families caused by the Pandemic - by making the best use of one freely available online resource. As we begin, you parents need to hear and believe three facts that will probably be new to you: A. The net cost of American colleges for middle and lower income American families varies widely and wildly. The net amount, after adding all costs and deducting financial aid, WHILE NEVER CONSIDERING LOANS AS FINANCIAL AID, for middle and lower income American parents to pay - or for those parents and their children to borrow - varies from absolutely nothing per year to over $50,000 per year. Surprisingly, this amount does not vary with the quality of the schools, it varies with their generosity, with the more generous schools costing a lot less. B. The system of American college generosity is so effective that the net cost for middle and lower income families at generous private schools will frequently be lower than the net cost for them at even the publicly-funded schools in their home state. And, yet more surprisingly, going away to one of those generous private schools may have a lower net cost for students and their families than staying home and attending their local community college. C. Finding these generous colleges, finding schools that will be truly affordable for your family, is the easiest and most reliable aspect of an effective college search. The other aspects of an effective college search aren't that hard either, and they all need to be done, but that law Congress passed in 2008 made finding affordable colleges a piece of cake, and it has continued to be a piece of cake since that law became fully effective in 2011. That law required all colleges to include "Net Price Calculator" programs - we'll call them "NPCs" - on their websites. NPCs allow parents to answer a few questions about their family's finances and get a 97% accurate estimate of their costs and financial aid at that school right then, before their students even apply. NPCs are free, reliable, anonymous, immediate, and secure. And, by using NPC's in your college search, your risk of excessive college costs and loans will be reduced to zero. No joke. NPCs let you immediately identify colleges where costs and loans are too high, and your kids won't apply to them. So, your risk of excessive costs and loans will be zero. The only problem with NPCs is that your high school almost certainly hasn't told you about them. Although the Net Price Calculator requirement passed by Congress was a brilliant piece of legislation, the US Department of Education never required American high schools to tell students and parents about it, and they haven't. Our high schools have been asleep on this for the decade since this law was passed, and they still are. But, at least for you, that's about to change. You're here, and you're about to learn skills that will change your lives and the lives of your kids. And you'll be astonished by some of the affordable college opportunities available to your kids next year. Congratulations on finding this website, and welcome aboard!
Two Notes: 1. The three key documents you will use in finding your most affordable colleges are unchanged on this site this year, and they are included as MS Word files at the bottom of every page. All you have to do to find your own affordable colleges is to download them, follow the instructions at the top of the page, and get to work. 2. The "American College Generosity" website is intended for parents, counselors, and teachers whose students are already convinced of the value of a college education. If your kids or students aren't at that stage yet, I have another site that can help you nudge them in that direction. The name of that site is "See Your Kids in College;" and it's free, light, easy, and effective. It's methods are intended for students who are about to enter middle school - right when student effectiveness usually tanks - but its methods work for all students. It starts from the facts that college sounds like work, but it looks like fun. Here's its URL: www.seeyourkidsincollege.com
II. POSTER KIDS I learned the skills I teach in this site by helping our son Gregory find effective colleges that we could all really afford. We're a middle income family from Poulsbo, Washington; Greg was interested in electrical engineering and music; and my goal was to find a list of colleges that really fit his needs and that required minimal student and parent debt. I had discovered Net Price Calculator programs in 2009, and they were central to our college search. Greg ultimately matriculated as an electrical engineering major in the Tufts University School of Engineering in the fall of 2013. He graduated in May of '17 with a Bachelor of Science in Electrical Engineering along with a minor in Music Engineering with a concentration in Electronic Musical Instrument Design. While at Tufts, Greg stayed active in music, recording three EPs with his band "Shark Saddle" and also recording four solo EPs and one LP. Prior to the Pandemic, Greg worked as a mechatronics test engineer for Daimler Trucks North America in Portland, Oregon, working on Daimler's all-electric truck project. And, by the way, "mechatronics" is a new engineering field that combines electrical, mechanical, and software engineering. Greg has also continued his music career - writing, performing, producing, and recording with a number of bands. And, just for fun, here's an example where Greg's playing lead guitar on a "Sweet Home" medley with "Joel Gibson Jr and the Hired Guns": https://www.youtube.com/watch?v=GdTZssoGRFU Tufts is an expensive private school with very generous aid. Its NPC results indicated that we should expect Greg to accumulate about $16,000 in total student loans in his four years there, with no parent loans required. That was about half the total loans we expected at the three state universities - two in our home state - where Greg was accepted. But the final results at Tufts were better than that. No parent loans were required, but Greg's student loans were $5,000 less than we expected, a total of $11,000 over his four years there. So, Greg's total loans were less than one-third of the national average, and his resulting student loan payments are just about $110 per month. Words, as you might expect, cannot describe how pleased Katia and I are with Greg's experience on "The Hill." Thank you, Tufts University, and go Jumbos! While I'm at it, I ought to mention our daughter Maria, the lovely young lady standing next to the old guy in the picture below. She graduated Summa Cum Laude from Trinity College in Hartford, Connecticut in May of 2019. At Trinity, Maria carried two majors - Math and Urban Studies, as well as two minors - Russian and Models & Data. She also tutored other students, she worked two years with disadvantaged youth at the YMCA in downtown Hartford, she spent a semester abroad in the "Math in Moscow" program, she was an active a cappella singer, and 2019 was her third summer doing rocket science in Los Angeles. At Trinity, Maria also earned a Phi Beta Kappa key, and last year she taught English in Russia on a Fulbright at the Tomsk State University of Architecture and Building. And Maria just enrolled in the Applied Math PhD program at Northwestern University. Like Tufts University, Trinity College is an expensive private school with honestly generous financial aid, and Maria's final financial numbers at Trinity turned out to be almost exactly equal to Greg's at Tufts. So, Katia and I are thrilled with Maria's years at "The Summit", and we can only say "Thank you, Trinity College!" and "Go Bantams!"
III. ACG BACKGROUND Helping Greg on his college search I found that, by using the Net Price Calculator programs that had recently been required by Congress, finding affordable colleges was really the easiest part of a college search. Just pick a school, type "net price calculator" in its website's search box, answer their questions, turn the crank, and record its results. With a little practice, the whole process only took ten minutes or so per school, and then we could be certain whether that school would be affordable for us or not. Later, after Greg's matriculation at Tufts in the fall of 2013, I realized that: A. Although Net Price Calculator programs should have revolutionized the affordability aspect of the college search, making the burdens of excessive college costs and loans really a matter of choice for students and families, even the most knowledgeable parents and guidance counselors knew nothing about them at all; B. My method of making the best sense out of NPC results was unique, and no one else had published anything addressing the same issues; and C. Our family's income was in the same range as the median household incomes of a lot of American states – like Washington, New York, Colorado, California, Minnesota, and plenty of others - making the data I had already collected relevant to a lot of other American families. So, I explained it, expanded it, and published it as the American College Generosity website, a site that's now in its eigth year. In addition to showing families how to do their own financial aid searches and how to make sense out of Net Price Calculator results, I include analyses of the actual costs, available aid, and expected loans (if any) each year at about 125 American colleges for sample families at both the middle and lower income levels. ACG is now used by about a thousand American families each year, and it has become a service project for our whole family, with all of us involved directly or indirectly. Realizing that Greg's education was largely funded by the generosity of Tufts University - and that Trinity College did the same for our daughter Maria - we offer this service at no charge, doing our best to show our thanks and broaden the impact of the generosity of their colleges.
IV. SINCE 2013 Let's remember that, when Greg matriculated at Tufts in August of 2013, it was exactly five years since the law requiring Net Price Calculators was passed by Congress and signed into law by President George W. Bush. Let's also remember that back then - due to the failure of government, the schools, and the press - NPCs and the revolutionary impact that NPCs could have on the educations of our students were almost completely unknown. So, what's happened since then? I've been directly involved in promoting NPCs since then, and I can say that NPCs and their potential benefits are just as unknown now as they were then. In fact, I have only met one parent or student anywhere who has heard the phrase "net price calculator" before meeting me. That reflects a failure on the part of four key American institutions, something I cover in more detail on my "Four Presidents" page. To my mind, the most important and valuable resources in America are the best dreams of our children. And, although it may be little known, the system of American college generosity continues to serve our children and their best dreams now as it has for centuries.
V. THE ORIGIN OF AMERICAN COLLEGE GENEROSITY Generosity was the inspiration for this site, and generosity is its theme. The word generosity frequently came to me as I began helping our son with his college search nine years ago, as I did the same for our daughter seven years ago, and as I have continued my research for this site. I have been continuously inspired by the generosity of the alumni and other benefactors of American colleges who have made educations at their schools possible for our children. Sometimes extending back for centuries, their generosity has shown a remarkable and lasting faith in their schools and in the generations of students who would benefit from their gifts. I thank them, and I hope we can show ourselves worthy of both their generosity and their foresight. But their generosity had a purpose. It formed a system, a loop, linking previous generations of students with the present generation. And it was a benefit that needed a beneficiary for its purpose to succeed. Without you, without your openness to that generosity, the loop will be interrupted, and that system of generosity will fail. I originally wrote this site in the last months of 2013, an important anniversary of the seminal event in American college generosity. Three hundred and seventy-five years before then, a very young and well-educated minister died in the Massachusetts Bay Colony leaving half of his wealth and all of his 260 books to a new school founded two years before in a neighboring village, a school named for him in gratitude two years later. Reverend John Harvard intended that his resources and library would be used for the enlightenment of the teachers and students of that new school. But, if his money had just been locked in a safe, and if his books were just locked in cases, the purpose of his generosity would have failed. Instead, his generosity was used to its fullest, becoming an invitation to the generosity of others and resulting in one of the world’s finest universities served by the greatest university library in the world. The system of American college generosity began there in 1638, it continues to spread and flourish, and its fruit is within your reach today. May its purpose be validated in you, may your educations be complete, and may your best dreams be fulfilled.
Mark Warns, JD Founder, Author & Analyst American College Generosity
Copyright 2020, Mark Warns, All Rights Reserved
As promised, here are Word versions of my Apple-to-Apples templates for your own college costs and expected loans along with a Word version of my blank data input pages that you can download for use by your own family: