Resources for Waitlisted Students, Purdue Announces New Financial Aid Program
As high school seniors across the country decide where they’ll spend the next four years, the college admissions process is just starting up for current sophomores and juniors. There’s a lot to keep up with in college admissions news, and we’re here to make that easier with our weekly news roundup!
There’s still a lot that high school seniors need to be focusing on. The school year isn’t over yet, and outside of dealing with the aftermath of the college admissions process, students still need to fight off senioritis, prepare for AP exams and other end-of-year testing, and end the year on an academic high-note. For younger students, the process has just begun, and is constantly evolving, so one of the most important things parents and students can do now is stay informed on the latest higher education and college admissions news.
Here are some of the top stories in college admissions and higher education news from this past week.
- Waitlisted? Dr. Kat spoke with NBC News about what students can do to improve their chances of admission. Remaining on the waitlist isn’t your only option, however. IvyWise has a plethora of resources to help waitlisted students decide what to do next.
- As college costs rise and more and more students graduate with high student loan debt, colleges are getting creative with financial aid. Purdue University announced this week its “Back a Boiler” program, which will help students repay their student loan debt based on their earnings after college. How it works: “Awards will start at $5,000 and will take into account a student’s cumulative debt. Students would repay the debt during the years immediately following college based on a fixed rate linked to their expected income, a gamble that could save them thousands of dollars as compared to traditional loans but also could cost them far more if they land high-paying jobs.”
- Not happy with your financial aid offer? If you have a demonstrated need, it is possible to go back to the school and ask for more aid. IvyWise counselor Alicia spoke with CNN Money bout how the process works and what parents and students can do to maximize their aid package.
- Is affirmative action penalizing Asian-American students? It’s an issue that’s gained national attention, and IvyWIse counselor Nat spoke with NBC News New York about the possible trend and how it affects the college admissions process for many students.
- Parents: Remember that the college admissions process isn’t about you! Don’t let a rejection hurt your feelings, too.
- Many people are concerned with ROI when it comes to college, so exactly how much are graduates of some of the top universities in the US making 10 years after graduation? You might be surprised.
What do you think of Purdue’s new financial aid program? Are you struggling with a waitlist decision? Tell us in the comments below!