Everyone knows the state of the economy right now and how it is impacting the job market. However, should we also be concerned with the impact on high school students? Unfortunately, the answer may be, “Yes”
Although there may be good news for the students worried about getting into college; with the tanking economy college admission boards are reportedly becoming less picky with their selections.
According to a New York Times article, colleges are getting apprehensive in regards to how many students will actually be able to afford college tuition in the next couple of years. Parents that may have thought that they could foot the bill when their children were younger are increasingly in much more dire financial situations. Additionally New York Times writers Jacques Steinberg and Theo Emery reported, “Admissions officers said they feared further price increases and cuts in university budgets, perhaps even in classes. They wondered whether this would create significant dips in yield, the number of accepted applicants who then choose to attend.”
The fear of college admissions staff is that as a result many students will delay applying or opt to skip college all together.
According to another New York Times article, there may be another solution- to allow more students in and try the luck of the draw on who will actually attend the next Fall semester. In the article New York Times writer Katie Zernike summarizes the situation, “For students, the uncertainty could be good news: colleges will admit more students, offer more generous financial aid, and, in some cases, send acceptance letters a few weeks earlier. Then again, it could prolong the agony: some institutions say they will rely more on their waiting lists. But there is no question, admissions officers say, that this year is more of a students’ market.”
However, students getting into college is only half the battle won. They are still in the predicament of how to pay for their tuition every semester. It may be worth a smaller investment for parents to seek an outside source to assist their high school students through the college admission process.
New services, like Houston based All-In-One Applications and similar local programs, help students through the application process but more importantly during the current income strapped times-apply for scholarships and financial aide. According to their website, “Our program leaves no stone unturned and gives clients an insider's perspective of the admissions process.” They can help students find an abundant amount of financial assistance that students did not believe was possible prior to working with them.
The program was first started in 2006 and has successfully aided students in gaining acceptance into colleges like Vanderbilt, Emerson, University of San Diego and University of Georgia. Founder of All-In-One Applications, Jessica Givens, says, “We take a hands-on personalized approach to the admissions process tailoring each student’s applications to highlight strengths and capitalize on individual experiences that demonstrates the student’s capabilities and enhancing their desirability in the eyes of the admissions committee.”
Additionally, All-In-One Applications is known to assist students with finding scholarships and financial aide, which many college applicants are not aware they have the possibility of receiving.
Although parents have to pay for the program, the fraction of cost in comparison to the savings that they will receive may greatly outweigh the cost of tuition for the four to five years of their child’s tuition. And unfortunately the reality of the situation is that qualifying for scholarships and financial aide may be the only way for many high school students to attend college.